Word: fed
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Dates: during 1990-1999
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...intoxicating aroma of gruyere cheese and red wine drifted through the rafters as Harvard Dining Services (HDS) fed members of the Class of 1947 yesterday. Ted A. Mayer's first day as director of HDS, was certainly atypical of its usual fare...
...passionate in explaining the unexplainable. The fact remains, though, that economists do not know the future path of the economy any more than you or I do. Indeed, as the TIME board convened last Tuesday, the Federal Reserve was meeting to consider interest rates. Most board members thought the Fed would raise rates, and were proved wrong within hours. Lack of clairvoyance comes with the territory...
...point is that many of us have come to expect people like Fed chief Alan Greenspan, an economist, to have all the answers, when he can't, and never will. Steering the economy via short-term interest rates--the Fed's job--is art, not science. That helps explain how Greenspan could see the stock market as irrationally inflated in December but be less concerned today, even though stocks continue to rise. Like Picasso, he might be into a new phase. But it's a sure bet that the Fed's brush will miss the canvas at some point...
...TIME board consists of former Fed vice chairman Alan Blinder, now at Princeton University; former Reagan adviser Martin Feldstein, now at Harvard University; Stephen Roach from Morgan Stanley; Allen Sinai from Primark Decision Economics; Edward Yardeni from Deutsche Morgan Grenfell; and J. Antonio Villamil from Washington Economics Group. An influential lot, for sure. Yet they can't measure whether computers are making people more productive. They can't agree on whether Americans are better or worse off than a few years ago. They don't know if the economy can grow faster and unemployment recede further without whipping up inflation...
...foreplay, favorite positions and birth control. Relatives have learned for the first time of their loved one's infidelities from investigators inquiring about his or her sexual habits. In one such instance, reported in the Washington Post, the 78-year-old mother of Lieut. Colonel Karen Tew became fed up with their probing and finally told them "I didn't know and why didn't they just ask her." Tew, who was married, eventually pleaded guilty to an affair with an enlisted man; she was dismissed from the service last March, a year shy of retirement, and committed suicide five...