Ten years ago: The Pentagon charged that two Soviet Navy vessels deliberately bumped two U.S. warships in the Black Sea as the American vessels sailed through waters claimed by the Soviet Union. Alexander M. Haig dropped out of the race for the Republican presidential nomination.
Five years ago: In a crime that shocked Britons, two 10-year-old boys lured 2-year-old James Bulger from his mother at a shopping mall in Liverpool, then beat him to death.
One year ago: The highest-ranking official to flee communist North Korea, Hwang Jang Yop, asked for political asylum at South Korea’s consulate in Beijing. The Clinton administration gave permission to 10 U.S. news organizations to open bureaus in Cuba.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.