Word: interest
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Dates: during 1990-1999
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During his time at Harvard, Holmes ushered in a rise in student interest in South Asia...
...Greenspan, with arms akimbo and foot a-tapping, who was waiting for the president when he got there. In 1992 Greenspan told Clinton in un-opaque terms that the tax-cut inauguration party Clinton was planning would immediately be met by a punitive/precautionary hike in interest rates. Clinton listened -- Greenspan, after all, had just rate-hiked George Bush right out of office (at least that?s how Bush tells it). Clinton?s economy-stupid presidency has charted a course for the Fed lighthouse ever since...
...Greenspan, who looks like he enjoys answering politicians? oafishly loaded questions about as much as he likes tipping his hand on interest rates, did throw his party fellows a few tidbits: Even a big tax cut, properly phased in, wouldn?t spark inflation. And it certainly would be preferable to frittering it away on new spending programs. But give Big Al his druthers, and he?d rather pay down the debt. It isn?t surprising that the Fed Chairman, whose speeches are the economic equivalent of Rorshach tests, left both sides with enough soundbites to claim his support...
...Greenspan left the question open, like a warning, and laid down his picks and pans: Debt reduction, which would lower interest rates and free up investment capital -- good. New spending, which neither party trusts the other to lay off of -- bad. Saving for the future ?- good. Putting all your eggs in one tax-cut basket and hoping for the best -? bad. All in all, Greenspan signed off on a rather conservative, rather Republican philosophy. It?s just that the Republican who?s getting all the credit for it is Bill Clinton...
...spokesperson at amazon.co.uk confirms that there has been "considerable interest" from overseas customers, which means that Scholastic, the U.S. publisher, is losing untold sales to British publisher Bloomsbury--an increasingly sticky issue of territorial rights raised by the borderless Internet. For now, Scholastic is bowing to copyright laws that permit the export of one copy per customer "for personal use." Says Arthur Levine, the series' U.S. editor: "It's not an issue I even want to talk about." In the future, though, he'll be taking no chances: the fourth Harry Potter will be released simultaneously in Britain and America...