Word: horizons
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...projects on the horizon...
...holy water." She fears that as Umair gets older, he will be taken to a pagal khana (mad house) where, she says, he would spend his days in a cage. In sharp contrast, in Chicago her son benefits from classes with a 1:1 student-teacher ratio at New Horizon Center, a private school that receives public funding. Average cost per student: between...
...just doesn't want to get involved unless it absolutely has to, and after last week's twin interventions on behalf of both the euro and oil prices, this was not the time Greenspan wanted to roil the markets in any way. But there are clouds on the horizon, and when Greenspan mentioned one of them - rising oil prices that could exert inflationary pressures - investors had a little sell-off, stopped, and then sold again until the modest morning rally had melted away. (Some moony-eyed investors were betting that Greensapn would cut rates; others suddenly got scared about...
...called for increased spending on the military. Gore wants to spend $10 billion more a year than Clinton has planned, while Bush is seeking a more modest $4.5 billion annual hike. So they're not going to say things are hunky-dory with those promised added dollars on the horizon...
...does Dr. Pangloss rule unchallenged? Not quite. Lindsey sights two potential clouds on the long-range horizon. The more hazy threat, in an expansion still heavily dependent on business investment, is a decline in the yield on marginal investments--the last and most speculative dollars sunk into a venture. Lindsey's scenario: "The marginal investment yields a rate of return which is below the rate demanded by the markets. All of a sudden these investments don't look so good. A few bond issues fail. The economy can be going along just fine, and all of a sudden this hits...