Forums: 1989

CLICK ABOVE LINK FOR THE READ. This article was published in 1989. A prescient article by Michael Lewis in 1989 looked at the systemic risk of a Japanese earthquake. TO SUMMARIZE: An earthquake destroys the Tokyo Stock Exchange and all financial records. Shares of Western insurance companies lead a global selloff. Japan liquidates overseas holdings. This causes the U.S. bond to collapse. Recession ensues. Lewis observes that a huge earthquake devastates Tokyo roughly every 70 years or so For the past 400 years. 1923, 1853, 1782, 1703 and 1633.

WASHINGTON (AP) - Warren Zimmerman, the last U.S. ambassador to Yugoslavia, died Tuesday of pancreatic cancer. He was 69. Zimmerman, a career Foreign Service officer, was named ambassador to Yugoslavia in 1989 by the first President Bush. At the time, the former communist country was breaking up into warring factions, and Zimmerman led the administration's efforts to keep the state together. Bush recalled Zimmerman in 1992 to protest the outbreak of civil war. The war lasted until 1995 and pitted the country's Muslims, Orthodox Christian Serbs and Catholic Croats against each other. The war killed 260,000 and forced 1.8 million...

A Virginia man who once spent eight years on the run from naval investigators was arrested in Somerset County early today with a trove of high-powered weapons, including a grenade-launcher and two assault rifles, along with maps of a U.S. military base and a civilian neighborhood, authorities said. The federal government’s Joint Terrorism Task Force quickly joined the investigation into Lloyd R. Woodson, 43, who had been staying at a Branchburg motel since last week. Woodson, whose last known address was in Reston, Va., was wearing a bullet-proof vest and carrying one of the assault rifles — customized to shoot...

<p>IF YOU ENJOYED the election crisis of 2000, you’re going to love what Democrat leaders are cooking up for November.</p> <p>"George Soros has purchased the Democratic Party," charges Republican National Committee spokeswoman Christine Iverson. (2) Some might dismiss Miss Iverson's comment as hyberbole. However, Soros' massive soft-money contributions have indisputably given him power over Democrat strategy.</p>

Copenhagen climate change talks must fail, says top scientistExclusive: World's leading climate change expert says summit talks so flawed that deal would be a disaster Suzanne Goldenberg, US environment correspondent guardian.co.uk, Wednesday 2 December 2009 20.54 GMT The scientist who convinced the world to take notice of the looming danger of global warming says it would be better for the planet and for future generations if next week's Copenhagen climate change summit ended in collapse. In an interview with the Guardian, James Hansen, the world's pre-eminent climate scientist, said any agreement likely to emerge from the negotiations would be so...

The Kurdish Halabja Centre CHAK has submitted new and possibly incriminating evidence in the appeal case against Dutch businessman Frans van Anraat. The documents were reportedly supplied by the Iraqi tribunal that sentenced former dictator Saddam Hussein to death. In December last year, Frans van Anraat was sentenced to 15 years in jail. The court in The Hague found him guilty of supplying materials for chemical weapons to the Saddam Hussein regime in the 1980s. He was acquitted of complicity in genocide because he reportedly did not know that Saddam Hussein intended to use poison gas on the Iraqi population....

Poland remembers its bloodless revolution of 1989 By VANESSA GERA WARSAW, Poland (AP) — It began in Poland at the ballot box: A season of revolutions that toppled communist regimes from Berlin to Bucharest was set in motion 20 years ago this week by the first semi-free elections ever to take place in the Soviet-dominated eastern bloc. On Thursday, Poles celebrate the anniversary of the ballot, which delivered a sweeping victory to Lech Walesa's pro-democracy Solidarity movement, kicking off a stream of events that will culminate with celebrations of the fall of the Berlin Wall this November and the Dec....

Poland: From Soviet satellite to 'Tiger of Europe' 7:26 a.m. EDT, Sat May 30, 2009 (CNN) -- Leszek Balcerowicz, Poland's former finance minister, recently said his country is enjoying "its best period in 300 years." CNN looks at how the country emerged from communism to become one of eastern Europe's most stable and thriving democracies. Solidarity leader Lech Walesa Solidarity leader Lech Walesa addresses striking workers in Gdansk, Poland in 1989. Modern Poland gained independence in 1918 only to be overrun by Germany and the Soviet Union during the Second World War. Almost six million Poles, including the majority of...

Former Chinese Premier Zhao Ziyang's secret journals were smuggled out of China and are to be published May 19th, for the 20th anniversary of the Tiananmen Square demonstrations.

When new information about Americans who had cooperated with the Soviet KGB began to emerge in the 1990s, no individual case generated as much controversy as that of the journalist I.F. Stone, who had long been installed in the pantheon of left-wing heroes as a symbol of rectitude and a teller of truth to power before his death in 1989.