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...offset by further gains in consumer spending, business investment in information technology and "some increase in government spending." Profits of companies whose stocks are included in the Standard & Poor's 500 index will rise about 5%, she forecasts, vs. a flat performance this year but well below the double-digit gains of 1997 and earlier years. Inflation, Reaser thinks, is bottoming out this year, with the Consumer Price Index rising a trifling 1.5%. She expects about 2.4% in 1999--still no cause for deep worry...
1970s The price is paid for excessive government spending in the '60s. Inflation hits double-digit figures. Interest rates take off, sending Wall Street into an ugly bear market...
Harvard also displayed the tremendous depth it has boasted of throughout the preseason. Atypically, Delaney-Smith went 12 players deep into her bench--including four of her five freshmen--and nine players recorded double-digit minutes...
...awkward situation of defending his suggestion that Minnesota consider legalizing prostitution while insisting that he did not favor the idea. Even if Ventura doesn't win, he may help decide who does. Until last week brand-name Humphrey seemed to be coasting to victory with a comfortable double-digit lead over Coleman. Not anymore. Now the race is so tight that whoever loses will no doubt insist the Body was to blame...
...years, to 4.1%--grabbing away business from No. 1 Pizza Hut and No. 3 Little Caesars and battling delivery king Domino's. Papa John's (1997 sales: $868 million) is the only one of the four largest pizza chains whose slice of the pie has grown at double-digit rates over the past five years. Profits? Papa John's earnings jumped 45% last year and are on track for at least a 30% increase in 1998, even as Schnatter opens units at the furious pace of a store a day. "Papa John's has been an incredible success story," says...