Word: cautiously
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...Even the cautious Greenspan has become a wary believer in the new economy. "I have in mind," he told Congress earlier this year when not raising interest rates, "the increasingly successful and pervasive application of recent technological advances, especially in telecommunications and computers, to enhance efficiencies in the production process." Translation: Inventories can now be managed more efficiently, and production capacity can more quickly respond to changes in demand. A fanatic for data, Greenspan has soaked up the evidence of surging corporate investment in technology and says managers presumably are doing so because they believe it will enhance productivity...
...climate change as a Harvard undergraduate in the 1960s, before almost anyone on earth had heard of the subject, and as a Senator, he wrote a rousing manifesto on the subject, Earth in the Balance. But now he must sell an Administration approach he once would have called too cautious--one that is sure to get hammered by the greener-than-thou Europeans. If he comes home without an agreement, his environmentalist allies will jeer; if the U.S. agrees to a more stringent timetable to reduce emissions, the big-money industry and labor interests he needs in 2000 will scream...
...pessimist to the end, Malthus neglected human ingenuity ? crop rotation and refrigerated steamships got us out of the hole well before his starvation deadline. At least Hinrichsen's doomsaying is more cautious: Technological advances could feed an extra 2 billion mouths, he admits, but would require "decades of effort at the international, national and local levels...
This week, as delegates from more than 170 nations meet in Kyoto, Japan, to try to hammer out a new global-warming treaty, it is clear that this cautious attitude has completely turned around. Melting glaciers, hotter summers and migrations of plants, animals and even deadly microbes have convinced virtually every climate scientist on earth that human activity has indeed started to warm the planet. Even business and labor leaders whose livelihood depends on the production and use of fossil fuels acknowledge the problem. "The science would indicate," says United Mine Workers president Cecil Roberts, "that there is something happening...
Although experts say the economy is booming, Harvard Square and Cambridge-area retailers are expressing cautious optimism as they head into this year's critical holiday shopping season...