Word: fed
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Dates: during 1990-1999
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...collar Middle America. The later Wallace--chastened and penitent--claimed that the uprising was not about race or hate but rather about states' rights and the forgotten middle class. That was partly true; it was also a Vietnam-era class war against draft-dodging, policymaking elites. Wallace pioneered the fed-up anti-Washington line that other politicians, from Nixon to Carter to Reagan, took up and carried into the respectable mainstream. Wallace in a sense expanded American democracy rightward...
...Lucas' greatest worry isn't voters who might turn against him because of his position on Clinton; it's those who may stay home on Election Day because they're fed up with all Democrats. Health-care consultant Kevin Gleason, who usually votes for Democrats, says he's unsure about what he'll do in November. "I want the Democrats to tell Clinton to pack his bags now," he says. "They've lost all credibility in defending this character. They don't need him." Lucas' best hope is that voters like Gleason will recognize--and reward--his political independence...
...Bernard Baumohl. "He's convinced that deflation is as big a problem for the U.S. as inflation, and that means he can lower rates in order to ease the currency strain on Asia and Latin America." So now the secret's out about Tuesday's FOMC meeting -- maybe. The Fed can still stand pat, and if it does, all those Greenspan-induced gains could go right out the window...
WASHINGTON: Alan Greenspan gave the House Banking Committee a tour Wednesday through the hospital ward that is the global economy, and once you untangle what committee chairman James Leach laughingly called "international banking-ese," the Fed chairman sounded a lot like Patton. While acknowledging that the modern ultra-connected economy is less forgiving than at any other time in history, Greenspan chastised both borrowers and lenders for irresponsibility and bad risk assessment, attacked the nonparticipation strategy of China and India (and by association Malaysia), and in general told the ailing: Quit whining and clean up your economic acts, and free...
Federal Reserve Chairman Alan Greenspan, speaking after the markets closed last Friday, revealed that Fed policymakers are worried that the threat to the U.S. economy from global financial turmoil rivals the danger of wage and price inflation. The Fed is now as likely to cut interest rates, he hinted, as to raise them. "It is just not credible that the U.S. can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress," Greenspan said in a speech at the University of California, Berkeley. Then he headed off to join Treasury Secretary Robert Rubin...