Word: modestly
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Dates: during 1990-1999
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...saved for future acquisitions some $1.6 billion earned by selling off two global automotive businesses this year. "A fair amount of that," says chairman Travis Engen, "will go to Asia. Much of the world's electronics is being produced there, and our footprint there in electrical connectors is rather modest. So that is an area where we would specifically like to make great investments in acquisitions." Asia supplies about 5% of ITT's global revenues, but Engen foresees that rising to a third in about 15 years--or in less time, if the company can make profitable acquisitions fast...
...dramatic. It might not even be recognizable for a long while; turning points often stand out clearly only in retrospect. But with all those caveats, it looks as if the global financial crisis is passing a rather modest turning point. At least it has stopped getting worse, and it may be contained in Asia rather than spread to other regions of the globe. As one happy result, odds favor the U.S. economy's getting through 1999 with nothing worse than a slowdown in growth--not the recession very recently feared...
...slowdown that does not turn into a recession, Bergsten warns, is still likely to lead to "a very significant increase in U.S. trade protection." Even a modest slowing of output and rise in unemployment, he fears, will be widely blamed on cheap imports. The Clinton Administration may give in to protectionism to please the AFL-CIO, which it is " beholden to" for the Democratic successes in the November elections. Hormats voiced fears that protection is all too likely to win support from the Republican right, now a stronghold of economic nationalism, as well as the Democratic left, creating a strange...
...working-class one," says Roseanne, "but I'm more excited about the Enquirer because people actually read it and the cartoons are funnier." The comedian says she plans an item on the 10 most beautiful women (none under size 14) and, possibly, something on JonBenet Ramsey. Says she, ever modest: "I've got that one all solved...
...growth as a questioning humanist that the rest of his tense, brilliantly wrought epic puts men in mortal peril as they attempt to rescue a soldier whose life is no more valuable than theirs, then shows us how honor can be wrested from absurdity by common decency and modest dutifulness...