Word: feds
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Dates: during 1980-1989
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Japanese investors are buying cattle operations in Australia as well. While Japanese consumers generally consider American grain-fed beef to be the tastiest import, production is less costly Down Under because Australian cattle are fed more grass. Japanese trading houses have poured $132 million into Australian beef operations, more than twice their U.S. investment so far. That trend has prompted mixed feelings. Last month Australian beef producers called for government restrictions on further Japanese investment, but labor unions, whose members have benefited from increased employment, rose to defend...
...long night of studying in Winthrop's house library, I am greeted on the sidewalk by what I initially think is a squirrel. A quick second look at a long, hairless tail convinces me that this rodent, now running for the bushes, is no innocuous squirrel, but a well-fed...
...Still, Fed watchers say Greenspan has the savvy to brake the economy without skidding it into a recession. Many credit the Fed with helping prevent a slump by easing credit after the 1987 stock crash. "Ever since the market meltdown, ; Greenspan has been walking on eggs," says Pierre Rinfret, a New York City- based economist. "He's making every move very cautiously...
Greenspan seemed determined to maintain that cautious pace. While he and Bush share a long acquaintance and are described by aides as "very comfortable" together, the Fed chairman vowed to continue his efforts to reduce inflation. When Colorado Democrat Tim Wirth noted that the Fed seemed to be caught in the midst of a dangerous "high-wire act," Greenspan solemnly replied, "It is." Unless the Administration and Congress can find a credible way to cut the budget deficit, the Fed's daredevil performance will remain the only act in town...
...decades, Robbins commuted easily, prodigiously, between the ballet and Broadway. One form fed the other. In 1943 he danced in Anthony Tudor's Romeo and Juliet; six years later, he devised his own Romeo and Juliet ballet, The Guests; in 1957 he reworked the theme for West Side Story and, the next year he adapted that show's street rhythms in his ballet N.Y. Export: Opus Jazz. His creativity and vigor seemed inexhaustible: 20 musicals and 19 ballets in 20 years. Even Robbins is impressed. "When I started doing this show," he says, "I looked at what I did then...