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...would lift interest rates to head off inflation. Yields on Treasury bonds have been rising in anticipation that he'll pull the trigger on March 25 when the Fed Board meets. Higher rates are bad for the stock market but even worse for consumers. Even a quarter-point hike will hurt. Some 60 million households have "revolving" credit-card debt averaging more than $6,000, at an interest rate of about 17%. An uptick would add nearly a billion dollars in interest expenses. And those holding some $1.2 trillion in adjustable-rate mortgages and home-equity loans would have...

Author: /time Magazine | Title: BIZWATCH: Mar 17, 1997 | 3/17/1997 | See Source »

...into the bond market, a move that could end the six-year bull market run and in the process devastate the assets of the waves of newcomers who have flooded the market with money over the past few years. But today's testimony doesn't necessarily mean a rate hike is coming after the Fed's May meeting. In December, rates remained rock steady after Greenspan cleared his throat and sent investors scurrying for cover. Still, Greenspan made it clear that he didn't think that this unprecedented expansion means we have entered a new, recession-proof age: "History...

Author: /time Magazine | Title: Greenspan Rattles The Bulls | 2/26/1997 | See Source »

...high school, I proudly accompanied my mother on Hike for Life fund-raising campaigns for Chicago area Crisis Pregnancy Centers. Those counseling Centers provided information for pregnant women that highlighted alternatives to abortion, namely keeping the child or placing the baby up for adoption. I fervently believe these options are to be preferred, in all cases, and I relish the liberty I have to reach such a conclusion. In America, I am free to choose any definition of life that I please, based on any religion I choose to follow. I am free to enter into a loving, personal relationship...

Author: By Joshua L. Kwan, | Title: Abortion: What Is Moderate? | 2/22/1997 | See Source »

...wage and benefits agreements enjoyed by the rest of the airline's workers. American Eagle pilots make only one-third of what their colleagues at American earn. Another sticking point are wage demands. The airline offers a 6 percent increase while the pilots are asking for an 11 percent hike over the next three years...

Author: /time Magazine | Title: American Back To Business | 2/16/1997 | See Source »

...Student Employment Office (SEO) is also worth a visit--or, if you'd rather not hike to Byerly Hall, you can receive instant updates by e-mail as new summer jobs come in by registering at the SEO's webpage, http://www.byerly.fas.harvard.edu/seo/joblist/subscribe.html.

Author: By Geoffrey C. Upton, | Title: Finding Summer Employment Is A Difficult Task | 2/15/1997 | See Source »

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