Word: dows
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Dates: during 1990-1999
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...Seattle meeting of the World Trade Organization, the bureaucrats may not have accomplished all that much last week. The chaos that surrounded them did. In this moment of triumphant capitalism, of planetary cash flows and a priapic Dow, all the second thoughts and outright furies about the global economy collected on the streets of downtown Seattle and crashed through the windows of NikeTown. After two days of uproar scented with tear gas and pepper spray, Americans may never again think the same way about free trade and what it costs...
...globalization will now come into focus as clearly as the familiar arguments in favor of it--that freer trade creates jobs for everybody and lower prices for consumers. Indeed, free trade has been an important reason for the '90s boom. Even as Seattle assessed the damage on Friday, the Dow was soaring nearly 250 points on news that the unemployment rate was stuck at its 30-year low. But the protesters were in Seattle to insist that globalization has become another word for capitulation to the worst excesses of capitalism, a cover for eliminating hard-won protections for the environment...
...Center for Business and Government (CBG) will produce research, sponsor two fellowships and run executive conferences as benefits of its partnership with Keizai Doyukai (Doyukai), a Japanese business association, said J.H. Dow Davis, executive director...
That's the kind of news the market likes to hear. The Labor Department Friday sent the Dow scooting up 300 points to a record 11,340 and NASDAQ blasting up to 3,500 for the first time. The impetus was an unemployment report that contained the best possible scenario for Wall street - continued healthy job growth but no sign of wage inflation. "In investor psychology, the unemployment figures are the most important of all economic indicators," says TIME senior business writer Bernard Baumohl. "It indicates both the strength of the economy and the potential for inflation, and Friday...
...Although the Dow later backed off the record high, the euphoria may be a product of a paradigm shift in the shaping of economic indicators. After all, it seems counterintuitive that wage inflation wouldn't increase with the ever-expanding job market. "But this may show some things about the new economy," says Baumohl. "Increased productivity means that even though new jobs are being added, the prices of consumer goods aren't rising. And a growing number of employees are being at least partly rewarded in ways that don't show up in hourly wage inflation figures - extra benefits, bonuses...