Word: cynwyd
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Dates: during 1980-1989
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Many economists share the Fed's view that inflationary pressures are building. Paul Getman, director of financial services at the WEFA Group, an economic-consulting firm based in Bala-Cynwyd, Pa., predicts that within the next six months consumer prices will rise by as much as a 6% annual rate, compared with last year's 4.4%. But others voice concern that the hike in the discount rate could damage the economy. Democratic Senator James Sasser of Tennessee is concerned that higher interest rates could strengthen the dollar and widen the trade deficit. A rising dollar tends to make U.S. exports...
...fall will lead to a surge in exports and a drop in imports. If that happens, less domestic consumer spending will be needed to keep the economy healthy. "There is a risk of recession in 1988," concedes Lawrence Chimerine, chairman of the WEFA econometric forecasting firm in Bala- Cynwyd, Pa. "But my bet is we'll just scrape past it." Not exactly optimism, yet with the year off to a sputtering start, it will have...
...recession would reduce Government tax revenues and boost spending for such programs as unemployment insurance and food stamps. As a result, the deficit would grow worse than it already is. Chase Econometrics, a consulting firm in Bala Cynwyd, Pa., estimates that even a brief, six-month recession would increase the budget shortfall to $300 billion...
Peter Kaplan Bala Cynwyd...
...middle of three children of a lawyer, Haig grew up in Bala-Cynwyd, a suburb of Philadelphia. The neighborhood was respectably middle class, predominantly Catholic. Boys of the area formed secret gangs and Haig was the leader of one called the Musketeers. A good boxer himself, he kept out of fights by negotiating agreements under which rival gangs would stay off Bryn Mawr Avenue, the Musketeers' turf. That testimony comes from his younger brother Frank, a Jesuit priest who is chairman of the physics and computer science department at Loyola College in Baltimore. One Christmas Eve Al, then nine...