Word: chief
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Dates: during 1990-1990
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...letter bore 53 signatures, including those of the Minister of Culture, the Deputy Minister of Defense, the Chief of Staff of the armed forces, the commander of Interior Ministry troops, the Patriarch of the Russian Orthodox Church, two senior Communist Party officials and a collection of writers...
...tidings will probably be grim at least until the middle of next year, according to the consensus of a panel of five leading economists who gathered in Manhattan this month for a TIME economic forum. "We have a moderate, potentially severe recession on our hands," said Allen Sinai, chief economist for the Boston Co. Economic Advisers. "The economy is showing signs of caving in, almost falling off a cliff, as so often is the case once a full-fledged recession begins." If the conditions seem particularly bleak, he noted, "that is because we are in the heart of the slide...
...that is if everything goes well, which is no sure thing. The economists in the TIME forum warned that the U.S. faces a minefield of unprecedented risks that could worsen the recession and prolong it through next year and beyond. Chief among them is the threat of a drawn-out war in the Persian Gulf. That could push the price of oil, which closed at $25.92 per bbl. last week, well past the $41.40-per-bbl. peak that it hit in October. Another serious threat is the possibility of a crisis in the U.S. banking system, which is awash...
...Word Most Desperately Avoided Federal Reserve Chairman Alan Greenspan called it a "meaningful downturn." Chief White House economist Michael Boskin dismissed it as a "lull." President Bush described it as a "slowdown." But by the end of the year, everyone saw it for what it was: a recession...
Shortly before he became head of the Soviet Communist Party in March 1985, Mikhail Gorbachev ambled along a Black Sea beach with his old friend Eduard Shevardnadze, the party chief in Georgia, discussing what needed to be done. "We were walking and talking," Gorbachev recalled later. "We compared notes. He said that everything was rotten through...