Word: economyâ
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Al Gore gave up on Ohio in October 2000. Kerry's not walking away. And with the state economy??weak, Bush's approval rating sank to 43% in a recent poll. Bothe sides will try to win in Columbus, Dayton and Canton. Kerry needs a big turnout in Cleveland and Toledo; Bush needs it in the northwestern Farm Belt and the Cincinnati suburbs. Legal fights are already erupting over electionprocedures...
...substantial fear is that a higher defense budget would fuel inflation. Insisted Maine's Edmund Muskie in a mid-September Senate speech: "The enemy who has the capacity ... to devastate the economy???the defense budget, the Government's overall budget?is not the Soviet Union or any other enemy I can foresee...
...holds that the U.S. will be able at last to control the availability of credit, as opposed to just its cost. After a full decade of high inflation, economists are pretty much agreed that the levers that have traditionally been used to control the flow of money into the economy???namely, the key interest rates that the Fed manipulates?have failed. This is in large part because the traditional concepts of money itself are outdated...
...ability to manage economic policy?and his hopes of going into the election with a nicely improving economy???Were challenged by the news that in September wholesale prices jumped at about an 11% annual rate, the steepest rise in eleven months, and that unemployment declined only a hair, to 7.8% (see ECONOMY & BUSINESS...
Smith's treatise corrects outdated illusions about political economy???another kingdom that has often existed in the imagination only. His achievement is to draw the first map showing how the commercial affairs of nations really work. Perhaps it will also provide guide-posts for a new American nation...