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Then again, he and Cheney are just enlarging on what everybody is already thinking--that even if we can avoid a real recession, meaning two consecutive quarters in which the economy shrinks, a slowdown in the rapid growth of the '90s is plainly in store. The dwindling NASDAQ says it all. If those sputtering dotcoms are the economic engines of the future, then the future's just not what it used...
...NASDAQ board meeting in Manhattan last month, a visitor approached a compact, white-haired guy who looks as if he belongs in a college chemistry lab and asked if he was thinking about a top job in the new Administration. "No way," replied Paul O'Neill, with a smile. "I'm too old." O'Neill, 65, allowed as how he might consider running a task force on something really messy and complicated, such as fixing Social Security. But having spent the past 23 years running Alcoa and International Paper, O'Neill and his wife Nancy Jo were looking to step...
...Russian nukes. But O'Neill's immediate task is to translate still nascent Bush economic policies to lawmakers and financial markets at a time when the engine of the world economy is downshifting. "He has been getting ready for this all his life," said Frank Zarb, chairman of the NASDAQ. "He is honest, straightforward and has a good, hard mind...
There's no sign that O'Neill is an ardent supply-sider. Zarb, the NASDAQ chief who also served with O'Neill in the Nixon White House, said, "Paul's not an ideologue by any stretch of the imagination." But even those who know him well can only guess at O'Neill's views on the big, trillion-dollar tax cut Bush campaigned on last year. The prevailing view is that O'Neill will fight loyally for whatever package the President sends to Capitol Hill--but then take the lead in the hunt for a final compromise. "Paul...
...Then again, he and Cheney are just enlarging on what everybody is already thinking?that even if we can avoid a real recession, meaning two consecutive quarters in which the economy shrinks, a slowdown in the rapid growth of the ?90s is plainly in store. The dwindling nasdaq says it all. If those sputtering dotcoms are the economic engines of the future, then the future?s just not what it used...