Word: cautioned
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Dates: during 1990-1999
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What accounts for this sudden sprouting of caution on the right? Partly it is a return to isolationist tendencies that go back to the earliest days of the Republic. In 1796 George Washington warned against the dangers of entangling alliances: "The great rule of conduct for us in regard to foreign nations is, in extending our commercial relations, to have with them as little political connection as possible." Over the centuries, the desire to retreat from a global role has ebbed and flowed, and in the 1930s Congress even passed neutrality laws in the hope of preventing the U.S. from...
SAUDI ARABIA. After decades of relying on caution and massive infusions of money to soothe restive neighbors, Riyadh's room for maneuvering has severely shrunk. King Fahd, who characterized Iraq's adventuring as the "most horrible aggression the Arab nation has known in its modern history," faced a Hobson's choice: he could go it alone, leaving his small and scattered army to answer Iraq's battle-hardened troops, or he could call in the U.S. and lay bare his ties. Courageous as Westerners find him, Fahd can hardly dispute Saddam's < charge: "The joint policy with the foreigner...
...That caution did not stifle the warnings from Washington that an attack on Saudi Arabia would trigger a wider war. Such a move by Iraq, said Speaker of the House Thomas Foley, "would call for a direct military response by the United States...
European banks are facing the rest of the world with some caution. The unified 12-nation European Community market of 1992 is expected to mean the closing of many European banks long coddled by national laws that kept out foreign competition. "A huge number of institutions, perhaps as many as half, will disappear or merge as the domestic market is rationalized," says Christopher Toole, an analyst with Country NatWest Bank in London. Adds Robert Poldermans of the accounting firm Arthur D. Little: "Europe has too many midsize banks and not enough giants, too many local customers and not enough Europeans...
...consumer caution bad for the U.S. economy? In the long run, a renewed emphasis on savings, and a preference for products that work over those that impress can only be healthy. If U.S. manufacturers and service firms find that they must offer greater value to win customers at home, they will be learning lessons that should improve their chances of doing business abroad. Frenetic consumers who spent much of the decade trying to have it all and wondering how to deal with the resulting stress may find unexpected serenity in their backyards. A touch of the tightwad is a much...