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Once the Cold War had ended and the United States had decided to try to convert its The hostage crisis of 1996-97 at the Japanese embassy in Lima, in which a handful of Peruvian revolutionaries took virtually the entire diplomatic corps hostage, was probably blowback from Japan
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We wanted to buy equity on the open market if need be, but the GSEs persuaded Dodd to write the language in such a way that we had to get their first consent. In this role, she solidified her reputation as a player by helping Fortress Investment Group become the first American manager of hedge funds and private-equity funds to go public; she later oversaw the initial public offering of another fund, the Och-Ziff Capital Management Group. Since he had no pressing business himself, Blankfein gladly agreed to the switch.
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Debt used to finance government spending is acceptable when three conditions are met: the benefits of the spending must be greater than the costs, the government spending must be directed at projects the private sector cannot do on its own, and the overall debt level must be sustainable. Commerzbank, the second-biggest bank in Germany, is also 25 per cent owned by the German government. On the negative side, however, high remittances have fed financial bubbles, as in the notorious case of the 1995
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