Word: dipping
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Dates: during 1990-1999
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...that American consumers were less optimistic about their financial outlook in December is fueling concerns that the economy may be heading toward a downturn. "This is a troubling sign," says economics reporter Bernard Baumohl. "Since spending by consumers makes up more than two-thirds of U.S. economic activity, any dip in the level of their confidence can depress the economy. Consumers are clearly stressed out by being overextended and the perception that job prospects and income growth are very poor. The Federal Reserve Board will probably have to lower interest rates sometime early next year. That may ease some...
...were tempted to raid 401(k) accounts to meet financial crises. Companies have 90 days from the time they withhold the funds from paychecks until they are supposed to hand the money over to investment managers. But some bosses apparently view the extended grace period as an invitation to dip into the accounts for their own purposes. "There is no end to the creativity of the human mind," says Brian Schaefer, president of 401(k) Ventures, a consulting firm in Palo Alto, California. "This is a hard time in the economy, and people look at that money...
...like jerseys from the Limited or sweaters from Casual Corner, could languish on the racks this season. Reason: shoppers seem to view a lot of the current selections as the same old thing. According to Tactical Retail Solutions, a New York City consulting firm, sales of such clothing could dip 1.4% this Christmas from the level of last year. "It should tell you something," says Loeb, "when almost the entire interest in American fashion is on the color of Calvin Klein's underwear...
Iguchi grew bolder and bolder, reportedly trading as much as $500 million worth of bonds in a single day. But by late 1993, Iguchi was finding it increasingly difficult to dip into Daiwa's bond accounts to make up for losses. That year, Daiwa split up the bond-trading and record-keeping functions in its New York offices. In his letter to bank president Fujita, Iguchi reportedly said the change had made it hard to continue concealing his losses. Yet the very fact that Iguchi kept up the deception for two years more heightened suspicions on Wall Street that someone...
...decision to press for a stiffer NATO response to Serb aggression. Clinton is skilled with a driver and loves nothing more than to put his weight into his swing and blast a ball 250 yds. off the tee. His weakness is his short game and a tendency to "chili dip"-mishit the ball on chip shots so that it dribbles just a few yards. Passing tourists beware: When Clinton and Erskine Bowles, his deputy chief of staff and regular golf partner, take to the South Lawn, they sometimes move 60 yds. back and play the green like a hole...