Word: marketization
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Dates: during 1990-1999
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Without Gingrich, there would be no balanced budget (or stock market boom) or welfare reform, a measure for which the Clinton White House has since taken credit...
...machinery producers such as Case and Cummins Engine, whose profits fell steeply in the third quarter of the year. Then there is the so-called wealth effect. Fed Chairman Alan Greenspan warned of the dangers of removing more than $1.5 trillion in business and consumer wealth because of the market drop. Said the chairman: "We're bound to see a major impact in personal-consumption expenditures and housing...
...answers to those questions, like everything else about this increasingly interdependent global economy, are spectacularly unclear. There is no longer any dispute about whether the U.S. stock market had a bout of the Asian flu in recent months. But even if stock markets continue to bounce back as they did for much of October, the question remains whether the rest of the U.S. economy--and Europe's, for that matter--is about to be sucked into the Asian vortex. If so, that could well guarantee an American recession. And even if the economy shrinks slightly--a condition we are learning...
...year's car sales are for the same near record numbers the industry achieved last year. Not only is Novak not planning any layoffs; he is buying two new high-speed presses and installing a new sorting machine to improve quality and efficiency. In Detroit at the Chene Trombley Market, a convenience store across Interstate 94 from the huge General Motors plant where Cadillacs are made, the outlook is equally rosy. Says manager Aram Yasso of the GM workers who make up most of his clientele: "It doesn't seem like they have a concern in the world right...
...take more than a Hamas bomb attack to derail the Mideast peace process -- if Benjamin Netanyahu is serious about the Wye Accord. Israel announced Friday it would indefinitely suspend implementing the agreement after two suicide bombers injured 21 Israelis in a Jerusalem market. But that's standard operating procedure, says TIME Jerusalem bureau chief Lisa Beyer. "They'll probably resume discussion in a few days." After all, it's not as if Hamas attacks are unexpected, and stopping the peace process is exactly what the militants are trying to do. "But Bibi's delays all week indicate that...