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...Reuss, economist at Piper Capital Management, based in Minneapolis, Minn., believes a recession could occur in the U.S. early next year. He pins his forecast on the debt-burdened consumer. Reuss estimates that half the households with less than $50,000 in annual income have non-mortgage debt equal to 24% of their take-home pay. "That is an all-time high," he notes, adding that the stress is apparent in rising bankruptcies and the recession-like 5% annual growth in consumer credit. A more normal credit growth rate is 10% to 15%. Now tack on uncertainties from a tumultuous...

Author: /time Magazine | Title: STILL ON A ROLL? | 11/10/1997 | See Source »

Weather could become a factor, however, since the forecast is for rain both today and tomorrow. The last time the Crimson played in mud was a 14-12 nailbiter over Princeton two weeks ago in which the offense failed to score a touchdown...

Author: By Bryan Lee, CRIMSON STAFF WRITER | Title: Football Looks for Vengeance | 11/7/1997 | See Source »

...What's needed here is a blast of brisk, lake-effect air. A trip to Cleveland in late October should do the trick. With the forecast for temperatures in the low thirties, it's perfect weather for a World Series night game...

Author: /time Magazine | Title: Football: The Big Sleep | 10/21/1997 | See Source »

...long-term strategy: persuading the public, starting this week at a White House conference, to tolerate some pain now for the sake of a less threatening future. So, next time you turn on the Weather Channel, don't be surprised to see Clinton delivering the 100-year forecast...

Author: /time Magazine | Title: FORECAST: HEAT WAVE | 10/13/1997 | See Source »

Recognizing the pessimistic tone of his forecast, Yavlinsky said that to avert an oligarchic future Russia ought to apply the mantra "Just do it" to the cause of reform...

Author: By Jacqueline A. Newmyer, CONTRIBUTING REPORTER | Title: Russian Politician Speaks | 9/23/1997 | See Source »

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