Word: drastically
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Moved PermanentlyMoved PermanentlyFortune Investor DataFew expect Greenspan to do anything drastic like actually raise rates; the current guessing game is about which way he'll lean in his inaction. A so-called tightening bias would mean Father Fed has his finger on the rate-hike trigger -? which of course, to the markets' pricked-up ears, will be a strong signal that the Fed is taking inflation seriously again. That itself may be enough to push up rates on the Street, and indeed, such a virtual rate hike may be just what Greenspan has in mind to cool off the economy...
...less. Payments to the better off would be reduced on a sliding scale starting at 7.5%; those with outside income of $185,000 or more would receive only 15% of the Social Security pension that they would qualify for without such a means test. Again, correct principle, but too drastic. Pensions should be reduced only for those earning $50,000 or more. The budget-balancing Concord Coalition estimates that this move would save the government $20 billion a year...
...critical piece of Harvard's top ranked medical education has been put in jeopardy by federal budget cuts, University officials say. And to head off what they call an impending crisis of teaching hospital funding, Harvard's lobbyists are taking drastic action...
...adds the change is not as drastic as some have made...
Levy says the company's low overhead--it has just 25 employees, one office and one warehouse--allows it to offer drastic discounts...