Word: fed
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Dates: during 1990-1999
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...second straight week, the Crimson had to play from behind (it fell behind Boston College, 4-0, last week). Junior Jason Karmanos fed senior Perry Cohagan on a two-on-one goal with 54 seconds left in the second period to cut the lead to 4-2, but Husky netminder Mike Veisor stopped all 12 Harvard shots in the third period to preserve...
...time Clinton acted, the political paralysis in Washington had become almost as threatening as the economic trouble in Mexico. If a plan supported by the President, the Fed chairman and the heads of both houses were rebuffed, the result ``would be perceived in the rest of the world as leadership anarchy,'' in the words of Robert Hormats, the vice chairman of international operations for Goldman Sachs. For Clinton, the overriding goal was to prevent a financial crisis whose victims could have included up to 700,000 Americans holding jobs tied to exports to Mexico. In the past six weeks...
Such attempts at fine-tuning worry many economists, who fear the Fed may ignore weakening conditions and spoil the four-year-old recovery. "We are right now at the inflection point in the economy," says William Spears, managing director of Spears, Benzak, Salomon & Farrell, a New York City investment firm. "Most of the growth in this business cycle is behind us. Fed policy will have an important bearing on how the economy pans out the rest of the year." Concurs Robert Brusca, chief economist for Nikko Securities: "It looks, smells and tastes like a slowdown. Common sense should reinforce this...
...either foreign nations or the Wall Street investors whose money is still in Mexican securities. At a press conference last week at which anti-bailout freshmen teamed with conservative commentator Pat Buchanan, first-termer Wamp promised to vote ``with the people of east Tennessee this time and not with [Fed Chairman] Mr. Greenspan.'' And while that puts the freshmen on the opposite side from their own leadership as well, Stockman says, ``In reality, I'm trying to save them from themselves...
Some irony was attached to that plea since the Fed's six increases of U.S. interest rates during the previous 11 months had helped create the Mexican crisis. As it was, the chairman's effort had only limited impact on Congress, where populist Republicans have been joining forces with anti-free trade Democrats to make passage of the bailout package unlikely in the near future. Democratic Senator Ernest Hollings of South Carolina denounced the loan-guarantee legislation as a ``billionaire bailout'' to save the fortunes of rich investors on both sides of the border. Though House Speaker Newt Gingrich expressed...