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...already have gotten Greenspan's message. "Remember, the latest numbers are already out of date," says Baumohl. "Many analysts believe the economy is already slowing to a growth rate closer to 3.5 percent as the effects of the rate hikes since last June are felt." But the new numbers highlight a growing debate among economists over whether the rules of the economy have changed. While the Fed remains wedded to the orthodoxy that growth above 3.5 percent must eventually spawn inflation, a number of other economists believe that productivity increases brought on by the new high-tech economy have fundamentally...
Triantafillou put the argument another way to highlight what she called the unfairness of the current situation...
...marketable plans that promote toleration. Indeed, homophobia is a systemic problem that cannot be eliminated by a single "project," however well thought out or well-intentioned, but requires changes in deep-rooted attitudes over a longer period of time. Although the council's "challenge funding" will do much to highlight campus attention on a serious problem, we are concerned that the end result will be some chimerical "event" designed to do little more than draw favorable press coverage...
...latest killings in Kashmir simply highlight the difficulty of managing India-Pakistan relations. While President Clinton said they underlined the need for dialogue with Pakistan, Mr. Vajapayee warned that "we have the will and the means to eliminate this menace." There's considerable pressure in New Delhi to punish Pakistan for the low-key anti-India insurgency it helps sustain in Kashmir. So what Clinton recently described as "the most dangerous region in the world" is likely to stay pretty dangerous, although the President hopes to make the danger more manageable by strengthening Washington's relationship with leaders on both...
...call 800-221-1944 for more information) begins July 31 with three days in Quito, where travelers eat lunch in a restaurant built on the edge of a volcanic crater, straddle the equator at the Middle of the World monument and shop at the Otavalo indigenous market. But the highlight is the seven-day cruise through the Galapagos, a living laboratory for learning about the geological forces that shaped the islands and the evolutionary pressures that molded their inhabitants, which include marine iguanas that spit out salt, giant tortoises that can weigh 500 lbs. and blue-footed boobies that...