Word: termed
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Dates: during 2000-2009
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...declare a crisis. President Clinton on Thursday was called back to the West Virginia meeting to knock heads together, after Syrian delegates warned that talks could not proceed without discussion on the future borders between the two states. The current talks are premised on the principle that long-term peace will involve Israeli withdrawal from the Golan Heights in exchange for cast-iron security guarantees and normalization of relations between the Jewish state and its most intractable foe. But the extent of Israel's withdrawal and the extent of those security guarantees remain key sticking points...
Politicians and economists are cheering, but stock traders are eyeing the exits. President Clinton Tuesday appointed Alan Greenspan to a fourth four-year term as Great Helmsman at the Fed, and while his stellar record prompted little opposition, the market appeared more concerned with his next move. Greenspan's early reappointment - his current term expires in June - frees the Fed chairman to make fiscal policy free of any concern that his job may be on the line, and that may mean an interest rate hike designed to slow the economy and head off inflation when the Fed next meets. Fear...
Early resignation was not how Yeltsin wanted to go. In his farewell speech he stressed that he had dearly hoped to stay on until the end of his term, next June, and to hand over power in keeping with the timetable laid down by the constitution. But, he said, "I have come to understand that it is necessary" to leave early. There is a new "powerful man, worthy of being President," he said, referring to Putin. The speech left the eerie impression of a despondent leader who had been persuaded, gently but firmly, that it was time to go. This...
While we expand, we also contract. America Inc. has become a term for describing the unending mergers of vast companies--multibillion-dollar mergers, real money today. Oil companies, car companies, food companies, banks; everything comes together. Media companies become telephone companies. Telephone companies become software companies. Book-publishing companies are swallowed whole by companies that make music, movies and magazines. Nothing is wrong with these adhesions in principle, but some "products," like books, suffer. Not long ago, the large book publishers would take on a number of excellent but unprofitable manuscripts as a kind of intellectual duty, pro bono work...
...market, from cyclical industries like coal and steel and copper companies to banks and savings and loans. Cyclicals need low rates to keep the expansion going. Financials rely on the spread between short rates and long rates for much of their profits, and if the Fed takes up short-term rates, their margins will be squeezed and their earnings could disappear...