Word: expansionism
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Dates: during 1990-1999
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All this describes the American economy today, according to the consensus of a panel of five leading economists whom TIME assembled last week to assess the outlook through 1995. Their key finding: after nearly four years of growth that began at a crawl but has settled into a comfortable trot...
If Washington doesn't louse it up, that is. What most worried some members of TIME's panel were indications that the Federal Reserve Board, which has already raised interest rates five times this year to forestall inflation, would choke off the expansion by boosting rates more than today's...
For now, the big winners in the expansion will continue to be not consumers but corporations, many of which have been reaping huge profits after slashing their payrolls and other costs. Just last week PepsiCo said its third-quarter earnings rose 18% over those of a year ago, to $541...
TIME's economists predicted that U.S. unemployment, which dipped to a four- year low of 5.9% in September, will be at that level at the end of next year. Said labor economist Audrey Freedman: "The current and future trends in the American labor market are, first of all, a steady...
Rabin insisted that his information made it clear that Waxman was being held in Gaza, over which Arafat was responsible. And so the Israeli Prime Minister made the kidnapping an issue of Arafat's authority and good faith and held the Palestinian leader "completely responsible" for the soldier's well...