Word: marketeers
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Dates: during 1990-1999
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...slowing down. The Commerce Department reported Thursday that GDP growth from the April-to-June quarter was actually 1.8 percent, instead of the 2.3 percent the government had estimated a month ago. In reality, of course, that has nothing to do with Tuesday?s action ?- even with a strong market reaction, an interest rate hike takes at least six months to reverberate through the economy ?- but it?s sure got plenty to do with how the Fed spends its fall...
Moved PermanentlyMoved PermanentlyFortune Investor Data"It?s just more good news," says TIME senior economics reporter Bernard Baumohl (although that wasn't immediately reflected in the market, which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head...
...fists and chanting their defiance in the face of an unyielding regime. This time, however, the ruling party is the African National Congress, which those same workers helped bring to power ?- and the protest signifies the end of the post-apartheid honeymoon between socialist-inclined big labor and their market-oriented allies in government. After seven months of bitter negotiations, the two sides have failed to agree on a wage increase for public-sector employees, and the unions on Tuesday mounted a one-day national strike as a warning shot of industrial action to come...
...that he paid too much, or that the device is subpar. But if I were in the market for a personal digital assistant, I'd wait. I told Benenson what I can't tell you, since I'm bound by one of those stupid nondisclosure agreements. O.K., I can tell you this much: very soon, Handspring, a Palo Alto, Calif., company founded by the folks who built the original, brilliant PalmPilot, will be launching its own PDA. And if it's as good as it looks in demos, I can't imagine why anyone would want to buy anything else...
PHONE WARS Last week MCI joined Sprint and Qwest in offering 5[cents]-a-minute calling rates, and market leader AT&T may follow suit. Meanwhile, Qwest announced unlimited Internet access and 250 minutes of long-distance calls for $24.95 a month. One caution: Carriers may slip in new fees or hijack your local toll-call service. Read your bill carefully...