Word: feds
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...Congress. "There was nothing like the 'irrational exuberance' line. Things are going well, and he could have killed it. But he didn't." Not that the Grinch of Wall Street has suddenly gone pie-eyed over the invincible new economic order. Bristling slightly, he insisted the Fed "is not, as some commentators have suggested, involved in an experiment that deliberately prods the economy to see how far and how fast it can grow," Greenspan said. "The costs of a failed experiment would be much too burdensome for too many of our citizens." Does that mean the Fed will raise rates...
...start, it almost looked as if it had been planned that way. And in a way it was. Thompson may yet dream of using the hearings to drive reform, but there aren't many elected officials in either party who want him to tear apart the system that has fed them so well. In fact, the Democrats made their strategy clear: unless we all play nice with one another, everyone is going to get hurt. When Thompson warned of Chinese influence peddling, his counterpart, ranking Democrat John Glenn, raked over former Republican Party chief Haley Barbour for funneling foreign money...
...sound bite is to politics what the aphorism is to exposition: the art of saying much with little. Yet the high priests of the press denounce the sound bite, staple of the 30-second political ad, as a degradation of political discourse. They insist that we be fed a sturdier diet of five- and 10- and 30-minute speeches to elevate our sensibilities...
Lilith, at the show in George, proved to be a safe, sacred spot. Here were teenage girls in cutoff jeans and bikini tops, middle-aged moms in baggy T shirts and running shoes. Here a woman breast-fed her baby during Jewel's set; here fans sat dead-quiet, listening to the lyrics. Here a woman wore a T shirt marked "dyke" with a parodic Nike swoosh, while two other women walked comfortably hand in hand. Here a man in a concession-stand line talked excitedly about Sarah McLachlan's songwriting skills. Said Shellie Knawa, 30, a Seattle computer-manual...
...Fed hasn't touched rates since March. Has Greenspan become a believer? The ever-rational Fed chairman delivers his midyear report to Congress Tuesday...