Word: feds
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Dates: during 1990-1999
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...voted for Khatami? Iranians fed up with political and social restrictions, women chafing at dress codes, twentysomethings denied satellite dishes and dispirited citizens who never saw a reason to vote--until Khatami came along. Few misunderstood the protest message of his triumph. Says Hassan, 18, a member of the generation born after Khomeini's 1979 revolution: "We want to have more freedom here in this country." Says Abdelkarim Soroush, perhaps the regime's most prominent internal critic: "The election was a referendum on liberty, justice, everything." One supporter simply gushed, "Khatami is Ayatullah Gorbachev...
...raise interest rates. But the market quickly recovered to finish up 37.50 at 7,383.41 as investors considered other indicators, such as slowing consumer consumption, that seem to show that economic activity may be slowing enough to keep inflation low without another rate hike. While many investors believe the Fed will move to steer the economy by raising short-term interest rates sometime this year -- a poll of 243 economists by the National Association of Business Economists reported that 84 percent expect an increase -- analysts are split on just how much gross domestic product can safely grow without overheating. TIME...
Delancey said she was also an undergraduate at the College, adding that "I've never seen a year like this when it's so obvious that we're being fed scraps and leftovers. There'll be a meal in which the main entrees are items that obviously don't go together--like mashed potatoes, macaroni and cheese...
...will hold the rate that commercial banks charge one another for overnight loans at 5.5 percent. A rate hike would have meant higher borrowing costs for millions of credit card-wielding Americans, but would also have slowed the economy and dampened inflation. Characteristically refusing to comment on the decision, Fed chairman Alan Greenspan and his colleagues left Wall Street economists to speculate over their reasoning. Analysts had expected at least a slight increase because the economy expanded at a rapid 5.6 percent annual rate in the first quarter, the best in 10 years. But several other reports released in recent...
...what economists call "exogenous shocks"--a fancy term for unforeseen events like Iraq's 1990 invasion of Kuwait--could shatter the rosy forecasts. So could overzealous monetary tightening by the Fed, which may nudge up interest rates for the second time this year when it meets next week. "Expansions don't die of old age," says David Wyss, research director for DRI/McGraw Hill. "But, like people, they do become vulnerable to shocks." This time around, says Wyss, there seems to be enough cushioning to get us to the next millennium in style...