Word: messes
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...Japan's equities taking such a beating when its mighty economy is on the rebound? Largely because few investors are convinced the recovery is real. Japan's financial system is an absolute mess, still hobbled by hundreds of billions of dollars in bad loans triggered by the collapse of the real estate market. Moreover, instead of promoting growth, officials have taken the bizarre step of boosting taxes this year. It's little wonder that the government now sees the economy growing 1.9% in 1997, the first time the official forecast has fallen below 2% since the 1940s...
...members of the ethics committee charged with keeping those lines neat and tidy. The unusual $300,000 fine levied against the Speaker by the subcommittee that spent two years investigating him may be intended to restore some sense of propriety. But the bitterness and embarrassment of the Gingrich mess will linger in the marbled corridors of the Capitol for some time to come...
...does not lift all boats) became a quaint anachronism, as President Clinton tacked rightward. Today the Administration is wary of any proposal that might tinker with an economy performing better than ever. Unemployment, currently at 5.3%, is lower than at any other point in the past two decades. "Why mess with what's working?" says Budget Director Franklin Raines. "The growth rate is O.K. We should let things proceed as they...
...city's financial woes are made worse by recordkeeping so poor that even City Hall can't tell where the red ink is leaking. Mayor Joe Carollo, who took office last July and inherited the current financial mess, concedes that the $68 million deficit figure is little more than a guess, given the state of the city's books. "We know less about our checkbook than the average husband and wife do," says Thomas Tew, a lawyer advising the city...
gemors: a mess, muddle or state of confusion; a disaster...