Word: economists
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Dates: during 1990-1999
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...economy is already perking along. After more than four years of expansion, it is growing at a sustainable rate of around 2.5%; inflation remains under control, and unemployment is a moderate 5.6%. Allen Sinai, chief economist for Lehman Brothers Global Economics, predicted "at least another two or three years of expansion and probably the best U.S. business cycle ever." Moreover, he added, the healthy economy will be "absolutely an A-plus" for Clinton in next year's election...
...however, that the economy needs a balanced budget in seven years, even if it causes pain. "The major, major difference between the President's budget and ours," Domenici said, "is the almost total lack of restraint on entitlements in the President's [program]." Concurred David Wyss, the chief financial economist at DRI/McGraw Hill: "If you do not get those cutbacks in entitlement programs, you're not going to get the budget balanced or keep it balanced...
...session in our Washington bureau, we invited some mainstream economists, of course, including David Wyss of DRI/McGraw Hill and Allen Sinai of Lehman Brothers Global Economics. But we also added a U.S. Senator (Pete Domenici), one of Clinton's top economic advisers (Laura D'Andrea Tyson), a Cabinet member (Labor Secretary Robert Reich), a specialist on minority economics (Margaret Simms of the Joint Center for Political and Economic Studies), a conservative economist (Stephen Moore from the Cato Institute) and a New Democrat (Rob Shapiro of the Progressive Policy Institute...
...only hope for breaking Microsoft's mind-monopoly is the Internet itself, where innovation blazes a thousand different trails and where Microsoft has no strategic advantage. The Economist is reports that applications and operating systems are being developed for use on the Internet itself, making the need for Microsoft absolute. The computer industry may be on the cup of yet another revolution, flushing out the decadent and inefficient with an exciting and new breed of frontiersmen...
...address was aired live on CSPAN and the Associated Press, Reuters, and other press agencies such as ABC, NBC, CNN, Time, Newsweek and The Economist were present at the event