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...fact, except for pure dumb luck. The Weather Channel and CNN's round-the-clock coverage notwithstanding, hurricane forecasting is not as precise as people like to believe. Storms are capricious. Indeed, the National Hurricane Center's warnings, issued 24 hours before landfall, are subject to a 90-mile error in either direction...
...anger at Starr and the collapsing weight of his own double-talk. He essentially did not say he was sorry for what he had done; he was just sorry he got caught. The reason he lied was to protect himself, protect his family and--this was the biggest error of all--because the cops were after him. And then he appealed for us to make it all go away...
...error occurred while processing this directive]Fortune Investor Data All in all, a poor performance from the markets closest to the eye of the storm. But it's a picnic compared to the continuing collapse in Asia. The Nikkei sank to a 12-year low. Hong Kong, which had seemed immune on Thursday, plummeted on news that it had joined Japan in the recession club. The former colony's economy shrank a whopping 5 percent in the second quarter, virtually wiping out all of 1997's gains in one go; officials had originally predicted 3.5 percent growth. "This is outside...
...error occurred while processing this directive]Fortune Investor Data Not to mention a return to the days of brinksmanship and bomb shelters. "Traders look at Russia, and they see Indonesia with nukes," says Baumohl. "The same failing economy, the same social unrest. But with Russia, there's that spectre that if the wrong people come to power, we've got the Cold War all over again." Baumohl looks at Viktor Chernomyrdin's return to the Kremlin as a "soft coup" -- but what comes next could be very, very hard...
...error occurred while processing this directive]Fortune Investor Data Although the exposure of U.S. investors to the Russian markets is minimal, the country's woes hit Europe hard, and that comes home to America. Not to mention the chilling prospect of the crisis toppling Yeltsin's government and bringing to power a host of ex-Communists with itchy trigger fingers. It's not yet time to vacuum out the ol' fallout shelter -- but if you're looking for some kind of refuge from this economic Chernobyl, Baumohl recommends bonds. "Foreign markets are getting hit hard, and foreign investors are going...