Word: feds
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Dates: during 1990-1999
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...these loud noises signal mass execution of incumbents this fall? Or were they merely firecrackers set off by local heat waves? David Carney, head of the White House political office, took the expansive view: "People are sick of incumbents. They're absolutely fed up." Howard Schloss, speaking for the Democratic Congressional Campaign Committee, insists that incumbency is still a huge asset. "The ballot box is sending one message, and the theorists another." In fact, the results seem to highlight an odd disjuncture in the American political system: Carney is right about the voters' damn-all- politicia ns resentments, but Schloss...
...perhaps three decades in the bumping, grinding music industry are more than any mogul can stand. During the Guber-Peters deal last year, Yetnikoff began rehabilitation for substance abuse. "I think Walter is just fed up," says music-industry veteran Lynda ("Boom-Boom") Emon, a former mistress of Yetnikoff's who is writing a kiss-and-tell book. "He came to the end of his rope and said, 'What do I need this for? I'm rich...
...government can do to head off such trouble. The conventional remedy for recession is deficit spending -- but the budget deficit is so swollen there is little room to pump it up further. The Federal Reserve Board is in an especially impossible position. To ward off or soften recession, the Fed would normally lower interest rates; to combat inflation, it would raise them. To fight both together, it should do -- what? The conventional wisdom is stumped for an answer. The time to move was much earlier: wise policy could have reduced U.S. dependence on imported oil and lowered the deficit during...
...long enough for domestic Iraqi discontent to reach new heights. "Let him off the hook now," says a White House aide, "and sooner or later he will be back, and we will be too -- back to square one. Drag this out, and maybe, just maybe, Iraqis will become so fed up that they'll balk at the prospect of another long war and take out the fellow who can't seem to live without another one to fight...
...economic woes," he attributed the grim outlook to the tight-money policies of the Federal Reserve Board, which has kept interest rates high out of fear that inflation could shoot up from its current level of about 5%. Said Rahn: "I would hope this would wake up the Fed, but there have been cannons roaring for months...