Word: everly
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Dates: during 2000-2000
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...pace is by no means even, of course. Some regions, like Latin America, are up against forces they cannot control; others, like Japan, are wallowing in the economic trough of the past. The overall outlook is heady. But only the deft will prevail in this supercharged economy. More than ever, even the most nimble are ultimately at the mercy of American shareholders, who could wake up one morning soon and decide that the stock market is for the birds...
...hurricanes Georges and Mitch, the floods of coastal Venezuela--but a collapse on Wall Street could have a no less devastating effect. Moises Naim, editor of the journal Foreign Policy, based in Washington, noted that 1999 set a series of dismal records for Latin America: the highest unemployment rates ever recorded, the highest fiscal deficits in a decade, a near unprecedented collapse of foreign investment and trade. By necessity, said Naim ruefully, "Latin Americans are now the best in the world at managing crisis...
JAMES GRAFF is TIME's bureau chief in Brussels, where he covers NATO, European politics and pan-European business issues. To report on our Board of Economists meeting, he made his third trek to the World Economic Forum in Davos, where, he says, "there were more billionaires than ever--but this time plenty of protesters...
...then, because the food there wasn't greasy enough for Bullock, on his or Laney's turf. Laney remembers giving Bush one simple piece of advice: "You work with us, we'll help make you a good Governor." Before long, Bullock would be calling Bush "the best I've ever seen...
...bill could die. Bush invited Sibley to the mansion for dinner that night. While they were eating, the phone rang. It was Bullock, calling to deliver something he was famous for--an "ass chewing," as it was known around Austin. Bush got chewed. "I am not sure anyone has ever talked to the Governor like that before," says Sibley. After it was over, Sibley asked Bush to consider a compromise cap--$750,000, far closer to Bullock's number than Bush's. The well-chewed Governor agreed. Sibley called Bullock and gave him the news, and Bullock asked to speak...