Word: fed
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Dates: during 1990-1999
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...their self-titled debut album Fountains of Wayne (which featured the radio hit "Radiation Vibe") was hailed as one of 1996's best albums, the winsome songwriting team of Chris Collingwood and Adam Schlesinger returns with a14-track album about being either lost or on the go. It is fed with the Byrds, Simon and Garfunkel, Steve Miller, Devo, the Cars; it is dished out with lush harmony vocals, broad keyboard textures, generous acoustic guitars, rich percussion tracks, even string, and delightfully subtle twists of sounds. Fountains of Wayne are hip, well-bred and deft at slinging pop culture saturation...
...weekend, expect something like charcoal gray. The Consumer Price Index was way up Friday -- the 0.7 percent hike was the biggest since the Gulf War -- and by close of day the Dow had shed 194 points. Now investors have two days to read the papers, look ahead to the Fed's interest-rate confab Tuesday and wonder: Is the best news on inflation behind us? And more important, does Alan Greenspan think...
Moved PermanentlyMoved PermanentlyFortune Investor DataTIME senior economics reporter Bernard Baumohl doubts the Fed will act Tuesday; Greenspan will probably settle for a gentle reminder that he's keeping an eye on inflationary pressures, just like always. And that should be enough. "All the worrying today about inflation is probably excessive," he says. "This spike in prices is mainly due to OPEC nations' production cuts in March, which they've been abiding by for once. May's numbers should be back to a comfortable level." Of course, other factors bear watching -- from signs of an economic recovery in Brazil, Thailand...
...Rubin make the boom, or did the boom make Bob Rubin? Rubin himself relentlessly defers the credit to his boss, President Clinton, to Fed chairman Alan Greenspan, to his staff and colleagues at the Treasury Department, to luck, and to a natural, cyclical economic high tide that he merely tried to keep as high as he could for as long as he could -- with considerable success. Wherever credit is due, the Clinton administration has presided over the greatest economic expansion in U.S. history; a 200 percent rise in the stock market; record lows in both unemployment and inflation...
...economic and cultural imperialism, its sexist and elitist tendencies and its dichotomous aspiration to identify with both the British Oxbridge educational model and the American Way of life. The small "green span" we constantly traverse wields at least as much power--albeit of a different sort--as the Fed Head himself. Who knew...