Ten years ago: Secretary of State George P. Shultz, during a visit to Denmark, urged U.S. allies to increase spending on conventional forces, following the signing of a superpower intermediate-range missile ban treaty.
Five years ago: At least 2,200 people were killed in an earthquake that struck the Flores Island region of Indonesia. President-elect Clinton tapped Thomas F. “Mack” McLarty to be his chief of staff and Democratic national chairman Ron Brown to be commerce secretary.
One year ago: Hollywood power broker Michael Ovitz resigned as Walt Disney Company’s No. 2 executive.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.