Word: feds
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...Fed chairman's second trip up the Hill this year, this time for his semi-annual courtesy call on Phil Gramm's Senate Finance Committee, Greenspan started off with the good news. Though "for the period ahead, downside risks predominate," Greenspan said - despite some surprising January strength, including Tuesday morning's retail sales numbers - the long-term economic picture "remains quite favorable...
...countries to grow genetically engineered tobacco and cotton commercially, is investing heavily in the technology as a way to combat its chronic domestic food problems. C.S. Prakash, a scientist at the Center for Plant Biotechnology Research at Tuskegee University in Alabama, recently accused anti-GM activists of being "well-fed folk" who "jet around the world" to disrupt technology that will benefit the poor. According to Prakash: "Biotechnology is one of the best hopes for solving ... food needs when we have 6 billion people, and certainly in the next 30 to 50 years when there will be 9 billion...
...child in crib No. 17 has had TB, oral thrush, chronic diarrhea, malnutrition, severe vomiting. The vial of blood reveals her real ailment, AIDS, but the disease is not listed on her chart, and her mother says she has no idea why her child is so ill. She breast-fed her for two years, but once the little girl was weaned, she could not keep solid food down. For a long time, her mother thought something was wrong with the food. Now the child is afflicted with so many symptoms that her mother had to bring her to the hospital...
Silence and the ignorance it promotes have fed the AIDS epidemic in Africa perhaps more than any other factors. In Malawi, where until the end of dictator Hastings Banda's rule in 1994 women were barred from wearing short skirts and men could be jailed for having long hair, public discussion of AIDS was forbidden. According to the government, AIDS didn't exist inside Malawi. Catherine Phiri, 38, knew otherwise. She tested positive in 1990, after her husband had died of the disease. Forced to quit her job as a nurse when colleagues began to gossip, she sought refuge with...
...today. The typical LBO has three layers of financing--equity (put up by the buyer), senior debt (borrowed from a bank), and junior debt, or junk bonds (most often provided by junk-bond mutual funds). Banks are reluctant to lend for speculative buyouts with the economy slowing, though the Fed's rate cuts are easing that condition...