Word: deficits
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Dates: during 1990-1999
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...took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head to the mall. So inflation could still be lurking in the heart of the U.S. economy ?- but it?s not putting much fear in Alan Greenspan...
...mother, Anne Vinson, appealed the judge's order last week and is now suing the school district, accusing it of violating the federal Individuals with Disabilities Education Act. Vinson says her son suffers from extreme attention-deficit disorder and needs treatment, not banishment. "He wants to be like everyone else, but he can't help himself...
...only the IMF that needs to be persuaded that things are getting better. Russians go to the polls in December to elect a new parliament and, notwithstanding its reported budget surplus, the Kremlin looks to be suffering a political deficit. It got more bad news Thursday as a new political alliance between presidential aspirant and Moscow mayor Yuri Luzhkov and a grouping of regional governors announced it had invited ousted prime minister Yevgeny Primakov to head its list of candidates. "The Kremlin is very threatened by Luzhkov?s new bloc, particularly if ? as is expected ? Primakov agrees to lead them...
...finally start spending. In time, that growth encourages Japan's out-of-date manufacturing firms to begin a difficult restructuring. The result is a top-down, bottom-up postindustrial revolution. And though the government has to go into hock to pay for the resuscitation, it eventually repays its deficit on the back of a newly resurgent Japan...
...survive the headlines about the extra $1,000,000,000,000 the government expects to find under the mattress. So much depends on the projections' being right, when the happiest news of the year has been how wrong they turned out to be. Five years ago, the deficit for 1999 was projected at $207 billion. Last February the budget office announced instead we would run a $79 billion surplus; just four months later, it was $99 billion...