Word: modestly
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...Democratic side, President Clinton has proposed some modest reductions, and is obviously preparing to go along with deeper ones. One indication: Deputy Treasury Secretary Lawrence Summers last week accused those who propose repealing the tax of "selfishness," but then issued a public apology. That was a humiliation the proud Summers would probably endure only under presidential orders...
...American brand of feminism stems from the pressure exerted upon women during the time of the Soviet Union. They were encouraged to be endogenous. If a woman reported to work "dressed up," she would get dirty looks from her female co-workers. In general, hair-dos and clothing were "modest and attractive" according to a book on female fashion Soviet style. It's not that Soviet women were expected to be completely sexless. They were just not allowed to assert themselves as any sort of symbol of womanly beauty. They were utilitarian bearers of children and workers in the Soviet...
...YORK: Markets soared on a lower-than-expected rise in labor costs. The Labor Department report of a modest 0.6 percent rise in wages and benefits convinced investors that the Fed won't tighten interest rates at its next meeting three weeks from now, says TIME's Wall Street columnist Daniel Kadlec. "It's hard to remember the last time the markets reacted so eagerly to this report." Indeed, now that the Dow has almost completely erased the sobering slide that began March 11, the rest of the market seemed today to have to caught a euphoria that Kadlec called...
...state Senators like Kentucky Democrat Wendell Ford are certain to oppose the bill, while G.O.P. moderates like James Jeffords and Olympia Snowe have signed up as sponsors. It's got a fair shot at passing if only because, unlike Clinton's sweeping health plan, the Hatch-Kennedy proposal takes modest steps: it would cover only half of the 10 million children who lack health insurance. Conservative opponents say a better way to insure them would be to expand tax-sheltered "medical savings accounts" to the working poor. But the bill's supporters argue that msas won't work for cash...
...their showdown with Clinton last time around that they are ready to put almost everything on the table this year. Drafted in late March and obtained by TIME last week, the memo states that the G.O.P.'s "minimum requirements" for a budget deal with the President are minimal indeed: modest spending reductions, small tax cuts and "saving" Medicare for the short term. The memo also suggests that G.O.P. leaders are still considering whether to "split off" tax cuts from the rest of the budget process...