Word: fed
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Dates: during 1990-1999
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...investor psychology, the unemployment figures are the most important of all economic indicators," says TIME senior business writer Bernard Baumohl. "It indicates both the strength of the economy and the potential for inflation, and Friday's report showed a healthy economy with no sign of inflation. That means the Fed has no reason to raise interest rates at least through the first quarter of next year...
...even if their nets lack escape hatches for endangered turtles? Yes. Can Massachusetts refuse to buy products from companies that do business in Myanmar? No. Do American corporations get an illegal export subsidy by setting up legal offshore tax shelters? Yes. Can the French block our hormone-fed beef? No. Rule breakers are punished--in France's case by a hike in the tariffs on Roquefort cheese, among other goodies...
There's a downside to such actions, however. By overreacting to fears fanned by well-fed consumers in the industrialized world, food producers might uproot an industry that could someday provide billions of people in the rest of the world with crops they desperately need...
...turkeys! At 79[cents] per lb., the fresh ones were a terrific bargain. (The not-quite-as-good frozen ones were even cheaper, 39[cents] per lb.) But had the birds fed on engineered grains? I called Giant's p.r. guy to ask. "We wouldn't know," he told...
What's got the Fed in such a tizzy? Partly, of course, it's the fear of being caught napping; if there's one thing the 20th century has taught us, it's not to display hubris in the face of an apparently diminishing threat. But mostly Washington is worried--again, not for the first time this century--about a domino effect...