Word: expectation
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Dates: during 1990-1999
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Short answer: Not much if the market doesn't fall much farther, because the robust U.S. economy remains as sound as it has ever been. While few economists expect a replay of the phenomenal 5.5% growth of this year's first quarter, most foresee a healthy 2% to 3% expansion rate for the rest of the year. The employment picture also looks bright. The Labor Department reported last week that the jobless rate held steady at 4.5% in July despite a strike at General Motors that forced factory shutdowns. And even with the summer swoon, the Dow closed last week...
...advantage. Newly-released court documents show that the president's attorneys are beating back Ken Starr in Judge Norma Holloway Johnson's investigation into alleged grand jury leaks. But though legal victories have been few and far between for the White House lately, don't expect its spokesmen -- or Janet Reno, Starr's nominal boss -- to do any crowing about this...
...White House insiders go, the whole Jimmy Swaggart confession scenario was something of a national parlor game, not a live option. "The best thing to expect right now is our standard operating procedure," said an adviser. "He goes in, testifies and issues a brief one-sentence statement. That's the way we've done it in the past, and unfortunately, we've got a lot of experience in this." But there may be nothing standard about this operation anymore; Clinton's lawyers will have to be at least as hard on him as Starr will be, make him address every...
What should you expect if it's proved that you were defrauded as a shareholder? For starters, it rarely gets that far. Only 2% of those cases get to trial. Some 20% get dismissed. The rest get settled, and the lawyers get way more than the wronged shareholders. Sorry. Lawyers typically get 30% of any award. Last year 168 shareholder suits were settled for $1.3 billion, an average of $7.5 million each, according to Jim Newman, publisher of Securities Class-Action Alert, a newsletter in Upper Saddle River, N.J. So in the average case, a handful of lawyers got roughly...
President Clinton is offering a $2 million dollar reward and has vowed that the bombers of U.S. embassies in Africa will be brought to justice. At the same time, Tanzanian authorities on Monday rounded up what appear to be "the usual suspects". But don't expect to see this case resolved any time soon. "The U.S. has a mixed record in solving terrorist attacks outside our borders," says TIME correspondent Douglas Waller. Arrests have been made in only 8 of the 24 major attacks against American targets since 1979, and Washington has retaliated militarily only once. "Even in the cases...