Word: feds
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Dates: during 1990-1999
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Those who think it is too close are pinning their hopes on the Federal Reserve Board to cool the economy by raising interest rates more than bond traders already have. But the Fed at a meeting last week decided for the moment to do nothing. One reason: Chairman Alan Greenspan is not at all the antigrowth fanatic he has often been called. He is known to believe the key signals of inflationary danger are bottlenecks in the economy: shortages of labor or goods that drive up wages and prices. Apparently he sees no conclusive signs yet that such bottlenecks...
...TIME's Bernard Baumohl. "This indicates the economy is stronger and more resilient than investors and economists had thought. Everybody will keep an eye on economic data between now and August 20 to see if the numbers indicate the economy is continuing to grow at a strong pace." The Fed has kept rates steady at 5.25 percent since January, but with the economy growing at an annual rate of about 4 percent last quarter that is likely to change. "The question now is will the Fed raise rates 25 or 50 basis points," Baumohl says. Economists had been predicting...
...from this image. One of them is that Mrs. Dole's heroic restructuring campaign was largely forced on her by the U.S. Food and Drug Administration after its inspectors found the Red Cross to possess dangerously little control over its blood operations. Another is that the FDA became so fed up with the lack of progress in the first two years of her administration that the agency went to federal court to compel the Red Cross to clean up its act. In this juxtaposition of spin and reality lies an example of the image-burnishing skills that have helped...
...Many of the people who voted for Netanyahu hope that maybe this hard-line perennial Zionist can make peace with the Arabs without any land concessions. Netanyahu is more of a seasoned politician than a war hero. He promised the people everything they wanted to hear, and he fed the public's hunger for assurance of its territorial security. But history will prove that the Jewish people, as well as the Arabs, were conned out of peace by a self-serving politician with a hidden agenda. ABDO ANTUN Beirut...
...hundred yards from the track is the Baylor football stadium, an imposing structure obviously well fed by alumni. Inside the lobby is a small display case devoted to Michael Johnson's exploits, and seated in one of the plush chairs near the shrine is Johnson. He is friendly and modest and in no particular hurry. "Jesse Owens is my idol, but please don't compare me to him," he says. "I don't face the same pressures...