Word: dries
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Dates: during 1990-1999
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...prevailing profit drought "holds down capital spending and is behind a lot of layoffs," says Lawrence Chimerine, senior adviser to the forecasting firm DRI-McGraw Hill. Concurs Allen Sinai, chief economist for the Boston Co. Economic Advisers: "Pressure on profits means cost cutting will remain part of the vise that is squeezing consumers...
...considering which candidate should next occupy the governor's office, the capacity to change the status quo should be foremost in everyone's minds. Quite simply, drastic times require drastic measures; and if Data Resources Inc./McGraw Hill (DRI), the nation's most respected economic forecasters, are to be believed, these are indeed the most dire of times...
Weld's support for Question 3, the Citizens for Limited Taxation (CLT) tax and fee rollback intiative, raises further questions about both his economic judgment and his confidence in his ability to restructure state government. According to DRI, "passage and implementation of the CLT intiative would render the current Massachusetts recession longer than it needs to be, and the negative impacts will linger at least through fiscal year...