Word: hike
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...absolutely no need to throttle back on the money supply when it meets in August. "In fact, it doesn?t even need to meet," jokes Baumohl. "They don?t even have to talk on the phone. There?s absolutely no sign of inflation, and that last quarter-point hike sent just the right message...
...wouldn't you know it, Greenspan was doing nothing of the sort. He was actually creating a month-long, super-duper buying opportunity. After all that hand-wringing, accompanied by a rocky sell-off of so many stock favorites, we get a wee little quarter-point hike and a flat statement saying the Fed is no longer biased toward tightening. Greenspan gave you a total green light to get long stocks...
...Both sides plan to introduce some kind of prescription-drug benefit into the Medicare system while retrofitting the 34-year-old program to keep it from collapse. Even before Clinton could formally announce his plan, scheduled for this week, the Republicans attacked his proposed premium increase as a tax hike, labeling the whole plan another sneaky attempt at government control of health care. Many Democrats are spoiling for a fight, hoping a messy display might win back the hearts of seniors who embraced the G.O.P. in the past two elections...
...summer the weather is a little tamer, and you can hike up to the summit or take a cog railway...
...summer the weather is a little tamer,and you can hike up to the summit or take a cograilway...