Word: contractors
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Dates: during 1990-1999
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American buyers aren't so merciful. At the Greater Los Angeles Auto Show last week, Rene Pacheco, a contractor who owns three Toyota pickups because he believes their American counterparts aren't as reliable, dismissed Detroit's latest offerings. "Take this car here," he said, pointing to a moderately expensive U.S. model. "Look at the paint job. Americans are into details. If you're going to spend $25,000, I don't want something that looks like this. The Japanese have a better product." Similar reasoning led the Los Angeles transportation commission to authorize the purchase of 41 light railcars...
...congressional leaders called for elimination of the legal barriers between military and domestic spending, which would make it easier for Congress to use Pentagon cutbacks for other federal programs. A defense windfall, some economists say, should be used to repair the nation's infrastructure. Heilbroner quips that the defense contractor Northrop could be transformed into the North American Road Corp...
...infrastructure projects are to get further than a contractor's sketch pad and the economy is to be permanently transformed, not just temporarily revived, a long period of low interest rates is essential. For that reason, the overwhelming majority of economists argue that the Federal Reserve must keep the discount rate near its current 27-year low of 3.5%. Still, the central bank can do only so much. Since the bond market remains quite wary of a ballooning federal deficit -- and would undoubtedly drive up interest rates in anticipation of dramatically rising deficits -- Congress will have to keep a constant...
Troon linked Ouko's death to a Washington visit in January 1990 by Moi, Ouko and Energy Minister Nicholas Biwott, who was recently accused of taking a 10% commission from an Italian contractor. Charging that "corruption in central government and personal vendetta were motives for Ouko's murder," Troon testified that Ouko and Biwott quarreled angrily after U.S. officials told the group a crackdown on government malfeasance would improve the business climate. Western governments, including the U.S., may withhold aid unless Kenya cleans...
...year-old Harvard grad who vowed to fight racism and improve his state's decrepit public schools. But with his reform package thwarted by a stubborn legislature and the state economy sliding, Mississippi voters booted Mabus out in favor of Kirk Fordice, a Vicksburg building contractor who had never before sought political office. Fordice, 57, became Mississippi's first Republican Governor since Reconstruction largely by attacking Mabus for failing to deliver on his promises. But the Republican also played the oldest card in Southern politics, the racial resentments of whites, by frequently criticizing quotas and affirmative action and calling...