Word: feds
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Dates: during 1990-1999
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Inflation-zapper Alan Greenspan raised key interest rates by a whopping one-half of 1 percent today. The discount rate and the federal funds rate now stand at 4 percent and 4.75 percent respectively. (Both are rates that the central bank charges banks for loans.) Private banks dutifully took Fed chief Greenspan's cue and raised their lending rates as well.While a rate hike was anticipated, its magnitude was not: previously, economists pegged the increase to 0.25 percent. Today's action has the Democrats in Congress more than slightly peeved at Greenspan. And rightly so, says TIME's Business assistant...
...Bosnian Serbs, accusing them of "insane political ambitions." Milosevic's move was ostensibly in retaliation for the Bosnian Serbs' refusal to sign the latest U.N.-brokered peace plan. But his action stems less from his own outrage at Serb aggression -- one that he, more than anyone, has nurtured and fed -- than hope for relief from the international trade embargo that has choked his country's economy...
...Miami in 1950 at a country club where she ran the hat-check concession. She wasn't very social. She was obsessively attached to her pets; she once chartered a plane home from the Bahamas to tend a mongrel with a bad kidney. She favored wigs. Chicago fed off such stuff as the mystery remained unsolved and theories proliferated. One was that the handyman did it and put the corpse through a meat grinder. Another: that she was an amnesiac living in the South Seas. There were sightings of her everywhere (she disappeared six months before Elvis Presley). A year...
...Fed up with flaws in a high-tech baggage system that have led to a 10 month delay in the opening of Denver's new International Airport, the city's mayor has decided to build an ordinary conveyer belt system. The Mile High airport has been losing $1 million a day since May 15 because of the failed futuristic baggage system. The alternative conventional system will run up a tab of $50 million -- a quarter of the cost of the computerized system...
...summer program also succeeds in getting students interested in attending Harvard. Although it is not a two-month sell period for the admissions officers (one wonders if Harvard needs to sell someone on coming here), the students are fed lots of glass-is-half-full information about the University. It is doubtful that a disgruntled Harvard student would stay for the summertime, but the proctors try to paint an honest picture of life in Cambridge, and it is not that bad. Here's what I have learned thus...