Word: hike
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...right now, it doesn't look like any more than the soft landing, from 5 percent growth to about 3.5 percent, that the Fed has been trying to engineer." In fact, says Baumohl, there are some on the Fed's Open Market Committee who feel one more rate hike is still necessary. Greenspan, says Baumohl, is not among them. "There's no sign of any sharp drop-off in economic activity," he says. "On the other hand, Greenspan seems satisfied that his tightening has had a lasting effect. He's likely to stand pat for the rest of the year...
...Baumohl. "But the markets can always find a reason for uncertainty." Indeed, as more and more readings indicate that Cap'n Greenspan's economy is touching down softly and inflation-free, the narrower the range of possibilities in those feverish little investor brains. He could stand pat. He could hike by a quarter-point this month so as to beat election-season, when coaxing up unemployment for the good of the country gets politically tricky. But that'd be about it, and if all's quiet on the Consumer Price Index front next Wednesday, the marketeers might be ready...
...adventure was still not quite over. Continuing on the hike, Jill soon found a towel and a small thermos of warm water by the path. Jon used the water to wash Jill's feet...
...otherwise, who joined the fight for a living wage for Harvard workers in the past year. One of the most important voices was that of the University Ad Hoc Committee on Employment Policies, who after 13 months of work issued a report calling for increased benefits--but no pay hike. While Damon and Affleck were little more than eye-candy, they provided the media attention the University no doubt has hoped to avoid. The rally was the culmination of year-long efforts by the Progressive Student Labor Movement (PSLM) to draw attention to Harvard's lowest-paid workers, efforts that...
...American Economy being brought just a little bit low. See, the dollar, bolstered by investors and buttressed by rising interest rates, has been beating up the other currencies in the playground all spring. To keep their own currency up, the Europeans especially have felt pressure to hike their own rates along with Greenspan, thus endangering the nice little expansion they've got going over in euroland. Now everybody from Wall Street to Wittenberg figures they can relax a little, because Uncle Alan has maybe one more hike in him -- a quarter-point at the end of June -- before he settles...