Word: cut
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Dates: during 1990-1999
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...many of those funny interconnections have been cut. Financial institutions have used the time to weed their portfolios and especially to reduce their exposure to high-risk regions and sectors. That helped international markets shake off Brazil's latest shudder. The downside is that emerging economies are largely off the horizon of foreign portfolio managers, who feel safer on Wall Street no matter how giddy its prices. As Naim notes, Amazon.com now has a market capitalization that exceeds the entire stock market of Argentina...
...account imbalance. The normal strategy would be for Washington to raise interest rates, but that would create a vicious circle: depress the stock market, diminish consumer spending and drive foreign money away. Lipp hopes the threat of a recession would provoke quick agreement among the G-7 countries to cut interest rates and taxes. But Hormats cautioned that in the U.S. there's no prospect of easy accord between Clinton and the Republican Congress on cutting taxes or, even harder, deficit spending. Expect a lot of Washington jawboning this year to encourage Europe and Japan to buy American and head...
...what will happen now that the danger has passed? Will Clinton drop his new friends, put Dick Gephardt and Tom Daschle on hold while he speed-dials Trent Lott to cut deals to build the legacy he craves? A former confidant remarked, "He's the kind of guy who's there for you when he needs...
Republicans know they need to demonstrate that they can accomplish something in Congress. This is why G.O.P. moderates have finally begun to crawl into the light. That much was evident last week in the challenge to the 10% across-the-board tax cut being promoted by Kasich. It's no surprise that Democrats are calling it a giveaway that betrays Social Security, but Kasich's plan is also being rejected by 11 moderates from his own party. Led by Connecticut's Nancy Johnson, they introduced a package of targeted tax cuts that would cost less than a third...
Same with speeding. It helps rein us in if, on our way to work, we see flashing lights where other cars have been pulled over and the drivers have been hauled out and thrown to the ground and flogged and their right foot, the accelerator foot, has been cut off by a policeman with an ax. This is the Republican position on impeachment as I understand it. And I agree that watching miscreant drivers hopping around with blood dripping from their stumps would make me slow down, no doubt about it. It certainly seems to work in Singapore...