Word: alanes
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...Alan Blinder, visiting fellow at the Brookings Institution, a prestigious liberal-leaning Washington think tank, and vice chairman of the Federal Reserve from June 1994 to January 1996, asserted that the consensus forecast of most economists seems to be for gross domestic product (that is, total output of goods and services) to grow about 3% to 3.5% over the next year. He would go along, said Blinder, but consumer demand may not be letting up as much as Cohen thinks, and business has an "insatiable demand" for--and appetite to invest in--new information technology. So those predicting...
Wyss figures the economy is slowing enough to reduce the "core rate" of inflation--the underlying trend, minus usually volatile food and energy prices--to about 2.5% a year. That is believed to be just about Fed Chairman Alan Greenspan's target. Result: after about a year of "below-trend" growth, output could be able to speed up again. Wyss figures the economy has the potential to grow almost 4% annually over the next 10 years...
...mental institutions. But Blue/Orange is in pitifully small company when it comes to innovative new works. The word around Andrew Lloyd Weber's upcoming The Beautiful Game is that it will be less than ground-breaking. And the two new plays from the pen of millionaire writer-director Alan Ayckbourn, House and Garden (two interconnected pieces performed by the same cast simultaneously on two different stages at the National Theater) are all concept and no content. In fact, the best piece of original, recent English writing in London today is probably Passion Play by Peter Nichols. Nichols' new work...
...very big promotion. Richardson announced Friday the administration's intention to dun the Strategic Petroleum Reserve for 30 million barrels of crude oil, and while the professed reason is to head off a heating-oil shortage this winter, Bill Clinton may have just created a new version of Alan Greenspan...
...dollars, or by raising or cutting interest rates. That is part of the Federal Reserve chairman's job, as it has been since the Fed's creation some 90 years ago in response to a dire financial crisis. But the U.S. does not have an oil equivalent of Alan Greenspan, an appointed official working very closely from an established charter. Venezuela has an oil minister - he's president of OPEC right now. Maybe Clinton is jealous, because the U.S. apparently has just appointed one now, just in time for the cartel's meeting next week...