Word: hawkishness
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...only the scientific viability of the $60 billion system that's hotly contested between advocates and critics. For one thing, there's the sharp disagreement over the extent of the supposed threat to America's cities. Advocates, led by hawkish Republicans and their allies in the military and the arms industry, insist that North Korea could be in a position to drop warheads on your home town by 2005; critics dismiss this timetable. And even if Pyongyang, whose missile program has been dormant for the past two years, could muster the technical wherewithal to develop such long-range missiles...
...secular supporters, the prime minister is unlikely ultimately to allow his government to fall rather than pay up. But as last-minute negotiations continue to avert a walkout of the second largest party in his coalition - which would ostensibly force him into a minority government, an alliance with the hawkish Likud party or a new election - Barak is playing the beleaguered dove. His finance minister, Avraham Shohat, insisted Tuesday that the issues Shas is raising have been resolved. "They did not resign over that, but for political motives of another kind: differences over the peace process." Israeli political analysts...
...escalated, Kissinger's hawkish stance provoked strong opposition from many students and faculty at Harvard, including his colleagues in the government department...
What confronted this increasingly hawkish panel last week was a maverick economy that simply refuses to do what it's told. The Fed had raised rates a quarter of a percent--or 25 basis points, in the lingo--no fewer than five times since last June, with little tangible impact on either GDP growth or unemployment. Joblessness stood at just 3.9% in April, its lowest level in three decades. This persistent lack of idleness sent shivers up the spines of FOMC members, who fear that tight labor markets will lead to inflationary wage increases. To make matters worse, from...
Last week's hawkish increase marked a clear departure from the gradualist policies that Greenspan had championed for years. "Three years ago," recalls former Fed vice chairman Alice Rivlin, "some [FOMC] members were worried about the economy overheating. But I wasn't, and neither was Greenspan." Both argued that technology was making workers more productive and stifling inflation. The FOMC thus opted for a string of small rate hikes that became a hallmark of Greenspan's cautious approach to monetary policy...