Word: interest
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Dates: during 1990-1999
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...John Paul brought the Vatican to parts of the world that were beginning to doubt its interest in them, he nevertheless brought a Vatican whose terms remain strict and its own. It is a Catholicism that stands, on the ideological spectrum, far to the right of what many of even its devotees would like it to be, and thanks to John Paul?s appointees it is not likely to budge. In answer to the forces of liberalism, John Paul II has stacked the deck...
...preemptive, we should be, because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will raise interest rates one quarter point at its meeting on June 29. Says TIME senior economics reporter Bernard Baumohl: "After two weeks of wondering, he just removed the uncertainty...
Moved PermanentlyMoved PermanentlyFortune Investor DataSo why were the markets ?- led by NASDAQ, which as an index of debt-heavy tech start-ups is especially sensitive to interest rates ?- on the uptick moments after that fateful "preempt" had passed Greenspan?s lips? Because he?s going to do it only once. "A quarter-point hike, which is really nominal, has already been factored in anyway," says Baumohl. "All this talk about preemption means there won?t be a series of hikes. Greenspan is still ahead of the curve." The idea of a preventative tweak ?- and this chairman?s impeccable record says...
...ambassadorship because Weld hailed from the GOP?s moderate wing, and Helms doesn?t like his kind. In Holbrooke?s case, it?s just another swipe at Clinton, though the official reason is "ethical baggage." Never mind that Holbrooke has been cleared of all wrongdoing in some conflict-of-interest confusion when he was freelancing as an administration envoy -- or that he deservedly enjoys broad bipartisan support in the Senate. As chairman of the Senate Foreign Relations Committee, the crotchety Helms is the bottleneck for all overseas nominations, and he promises a third-degree on everything from ethics to "this...
Moved PermanentlyMoved PermanentlyFortune Investor DataPresumably, Greenspan will stop worrying too -? if he ever started. Many saw the Fed?s "bias shift" in May as a virtual rate hike, one that showed up in the market?s interest rates and took some steam out of stocks without the central bank?s actually having to do anything. Now, there are only two reasons for the Fed to raise rates at its June 29 meeting ?- to loosen up labor markets or simply to bare its teeth ?- and neither seems compelling enough for Alan & the Gang to act before the next meeting, in August...