Word: latta
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...deficit reduction for 1986 would supposedly come from curtailing the practice of contracting out to private industry such services as security and cleaning for federal buildings. The House, defying decades of experience, assumes that the Government could perform these functions far more cheaply itself. "Baloney," scoffs Congressman Delbert Latta, ranking Republican on the House Budget Committee. A committee staffer concedes that the figure was reached not after careful study but by "aneducated guess...
...Americans have a debt problem? Big time. Nearly 14% of our disposable income goes to repay loans, the highest level since 1986, according to economist Cynthia Latta at Standard & Poor's. Credit-card debt and total household debt are at record highs relative to personal income. Even if you sweep aside thoughts of recession, it still makes sense to pay down debt as rates rise. Most debt, including credit cards, home-equity lines and many mortgages, carries variable rates, so your costs will be increasing...
...starters, many economists doubt that huge tax cuts make sense at a time when the U.S. economy is running flat out after nearly nine years of expansion. Slashing taxes now "seems a little odd," says Cynthia Latta, principal U.S. economist for Standard & Poor's DRI. "Its support comes from the assumption that if [the surplus] is not handed back to taxpayers, the government will just use it for more programs." Latta's fellow critics include Federal Reserve Chairman Alan Greenspan, who warned last week that "the timing is not right" for the House measure, which calls for a 10% across...
...annual oil bill dropped roughly $40 billion last year, and that money has shifted to other parts of the booming economy. The result is lower inflation and higher growth, with savings that show up on everything from home- heating bills to airline fuel and utility charges. Says Cynthia Latta, principal U.S. economist at Standard & Poors/DRI: "Higher oil prices will be widely felt across the economy, but they are not likely to pose an immediate threat to continued low inflation and robust consumer spending...
...predicting the demise of home PCs, smart appliances could soon overtake them as the preferred means for sending e-mail or accessing the Web. "You shouldn't need a $1,000 computer to listen to radio broadcasts or make phone calls over the Internet," says John Latta, president of the research firm 4th Wave of Alexandria, Va. PC-wary shoppers would heartily agree, of course. And the intelligent devices that are heading into stores could encourage even technophobes to get connected...