Word: makeing
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Dates: during 1990-1990
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Inflation's new strength and the economy's limpness leave the Federal Reserve with almost no room to make adjustments. Easier credit would worsen inflation, while tighter money could bring on a recession. As a result, many economists have called on Congress to help cool inflation by cutting the budget deficit. That may be an impossible dream, but the specter of stagflation may give Congress one more good reason to do the responsible thing...
Next she invited Ortega. At the end of their 90-minute discussion, the Sandinista leader stood beside Chamorro on her doorstep and announced, "I want to make it clear that on April 25 there will be a transfer of power." As a bonus concession, Ortega also announced that visa requirements for Americans seeking to enter Nicaragua had been lifted. Then the past and future Presidents hugged...
...President will doubtless be hailed enthusiastically by most Nicaraguans -- at least for a while. Sick of war, citizens want their government to turn to the bread-and-butter issues that are the bane of all Nicaraguan existence. The magnitude of the task of rebuilding the shattered country makes Chamorro's advisers optimistic that the cease-fire will hold. Says Gilberto Cuadra, president of the Superior Council of Private Enterprise: "Neither the army nor the contras have a future in this country." But cease-fires have been called before in Nicaragua -- and have failed. Chamorro must still make this one stick...
...Wall Streeter close to the case. "There are no revelations that Michael can give the Government." Some legal experts doubted that prosecutors ever intended to use Milken in that manner. Said Kenneth Schacter, a former U.S. Attorney in Manhattan: "Once you get to the mountaintop, it doesn't make sense to negotiate for people lower down...
...Today the Cambodian capital's French restaurants are gone, but the chef survived the brutal Khmer Rouge years and has opened a far more modest Cambodian eatery where he still whips up a souffle. Says Cloud: "While it's only a pale imitation of the one he used to make, it must be regarded, under the circumstances, as a valiant...