Word: baumohl
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Dates: during 1990-1999
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...Strong gains in jobs in February and March had sent stocks into free fall as investors feared a rise in interest rates from the Federal Reserve. April's modest job gains had a reassuring effect on Wall Street, calming fears that inflationary pressures are building. TIME's Bernard Baumohl says that if employment figures released today had been very strong, coupled with Thursday's report of GDP growth of 2.8 percent in the first quarter, the markets would have legitimate reason for concern that inflation is building and the Federal Reserve would raise interest rates. "Today's report is additional...
...Quarter of 1995. The surge is attributed mainly to a rise in consumer spending and business investment. "The most impressive thing is that accompanying the extraordinary growth in the first quarter are numbers which indicate that inflation is at the lowest level in 30 years," says TIME's Bernard Baumohl. "This shows that this growth is not necessarily inflationary, the economy can continue to grow and there won't be any reason for the Federal Reserve to raise interest rates." Interest rates soared on the bond market today because of the fear that the strong economic figures will lead...
...Reported by Bernard Baumohl and Jane Van Tassel/New York, William A. McWhirter/Detroit and Adam Zagorin/Washington
...have until September 6th to return the funds or face prosecution. "As cops on the beat, our goal is not to collect fines," Reich said. "Our goal is to get workers the money that's owed them as quickly as possible." Reich's pragmatic approach, said TIME's Bernard Baumohl, is most likely due to the prohibitive legal costs of pursuing errant employers. "Companies have now been given due warning and a grace period to replenish the 401(k)," said Baumohl. "If they don't, they are aware of the consequences -- that the government will go after them much more...
WASHINGTON: New federal statistics suggest that 1996 might see a recession. The Index of Leading Economic Indicators was down 0.3 percent in November, the third straight month of decline. "As a forecasting tool, the Index has had mixed success," says TIME's Bernard Baumohl. "It's never been proven to be totally reliable. But what is generally accepted is that three straight declines could indicate that a recession is coming some three to six months down the road." Early figures also reveal a lackluster Christmas season for retailers, who bore the brunt of record levels of consumer debt...