Word: freds
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Dates: during 1990-1999
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...unemployment well above the present 5.5%. Inflation would leap to a 9% to 10% annual rate, from around 4% to 4.5%. In Western Europe and Japan there might be some continued prosperity, since those economies have been rising much more rapidly than the U.S.'s. Even so, I.I.E. director Fred Bergsten predicts that "growth would slow by 2 or 3 percentage points, and inflation would rise by 3 to 4 points." Robert Hormats, a vice chairman of Goldman Sachs International, also fears a financial collapse: "If the Japanese stock market drops 4% because of concerns about...
...rising cost of travel will inspire many people to spend their vacations at home instead of heading to places like Florida's Walt Disney World. "People are afraid," says Fred Wright, a Houston travel agent. "If travelers don't get the fares they want, they're not going." The jump in gas prices has forced Wright to change his own travel plans. He said he will make fewer trips to visit family members in Oklahoma City, a distance of 450 miles, because the price of a tank of gas has jumped from about $8 to $12. "It makes you think...
...When you look at what the Administration is doing compared with what it's saying, you've got to ask, 'Where's the beef?' " says C. Fred Bergsten, director of the Institute for International Economics in Washington. "There's a pattern here: the right policies keep coming up short because they're so woefully underfunded...
...Twins tied it in the third when Fred Manrique bunted for a single, moved to third on an Al Newman's single and scored as Dan Gladden hit into a fielder's choice...
...response to congressional attacks, IRS commissioner Fred Goldberg restructured the agency last January. While not punishing any of the implicated high-level IRS wrong doers, his plan calls for a presumably independent body, the Treasury Department's inspector general, to handle all high-level misconduct probes in the future. But the OSC is now investigating whether the inspector's office itself was involved in harassing the Chicago whistle blowers. Moreover, in August 1989, only weeks after Santella's behavior was denounced in congressional hearings, Treasury I.G. deputy Robert Cesca wrote a glowing letter recommending Santella for a top post with...