Word: cutting
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Dates: during 1990-1999
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...Republicans are betting the next Congress on a showdown with Bill Clinton over tax cuts. The challenge will be getting to the big game in one piece. As the GOP leadership gets ready to stampede a massive cut through the Senate this week, they?ll be stepping on the toes of not only the White House and the majority of economists, but some moderate members of their own party ? just like the House leadership did last week. Rhode Island Republican John Chafee is leading a handful of fellow moderates and Democrats who want to split the tax-cut difference between...
...meantime, it looks more and more like the GOP leaders against the world. From the White House (Al Gore stopped by late Tuesday to trash the bill for neglecting Medicare) to the polls, the appetite for a cut that big just isn?t there right now. Even fellow Republican and economic icon Alan Greenspan is in on the finger-wagging. In testimony before the Senate Banking Committee Tuesday, the Fed chairman more or less repeated what he told the House last week: In this time of economic plenty, tax cuts aren?t bad, but debt repayment ?- and preparing for boomers...
...control," says TIME medical columnist Christine Gorman, "costs escalated. To control costs, some care has to be denied." Which is why the ongoing debates on Capitol Hill about managed care are currently stalemated: Neither party is able to come up with a for-profit system that will consistently cut costs and consistently enlarge care...
...more stab at the heart of America. There is an echo of Greek tragedy about the succession of blows striking a single American family. So many Kennedys have been cruelly cut off before they had fulfilled themselves--Joe Jr., my Harvard classmate, killed in the war; John and Robert, cherished friends, assassinated; two of Robert's sons dead; now John's son, the golden...
Before you dash off to the nearest dealer, though, check the auto exposure in your mutual funds and stock portfolio. You may be able to cut your best deal right at home--by cutting your auto holdings. The stocks have had a nice run. They're up 65% in the past two years, vs. 47% for the Standard & Poor's 500. Since the last recession, in 1991, they...