Word: effective
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Dates: during 1990-1999
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Though McDougal didn't intend this to be the effect, the transaction exposed Hillary to considerable personal liability on the loan, which carried an interest rate of about 20%. The Clintons remained oblivious to Whitewater's true financial picture, as shown in a letter Hillary sent to McDougal in the fall of 1981, along with a signed loan-renewal form: "If Reaganomics works at all, Whitewater could become the western hemisphere's mecca. Give our regards to Susan and we to hope to visit soon...
Peres must be concerned, however, with the effect of any radical punishment on Arafat's standing among his own people, who tend to hold him accountable for the excesses of his Israeli partners. "It's in the interest of the government to pressure Arafat but not to deliver a knockout punch," says Yaron Ezrahi, a senior fellow at the Israeli Democracy Institute. Nor can Peres afford to incite the Palestinian public so much that it turns violently against the accords. Says "Ghazi," a figure in the military wing of Hamas: "The Israelis are laying the ground for a revolution...
Researchers at the Harvard School of Public Health found last month that coffee has no effect on heart disease. But they warned that coffee drinkers face increased risks for osteoporosis and fractures...
...While Simons' mailing may have been an innocent mistake, it serves as a reminder of how fragile the Internet is. The value of the 'Net is the free exchange of information, and any action that retards this flow should be discouraged. One mass e-mail won't have much effect on Harvard's resources, but several such mailings might. If advertisements like Simons' became commonplace, Harvard would probably be forced to implement software filters that would prevent mailings to more than a certain number of addresses. The only other alternative would be to vigorously prosecute mass-mailers. Either solution would...
Last week The New York Times ran a voluminous, seven-day series of articles exploring the national trend of corporate downsizing. The Times spent pages and pages of print detailing the effect of corporate layoffs on America's standard of living, collective pride and economic morale. These articles left me considerably depressed. The American dream, it seemed, was breathing its last. Real wages have stagnated since the '70s, and high-paying white-collar jobs continue to disappear in times of recovery as well as recession. What it all seemed to boil down to is that children can no longer expect...