Word: needed
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Dates: during 1980-1989
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...make a dent in the money-laundering trade, authorities will need more support from the financial community. "They're now willing to tell us about people coming in with bags of cash," says a regulator, "but as far as anything else goes, you can forget it." Yet many bankers think the feds have become indiscriminate in their crackdown. "They are characterizing traditional, ordinary, international banking transactions as money laundering," gripes Gerald Houlihan, a Miami attorney who represents financial institutions in money-laundering and forfeiture cases. "They are not going after money launderers, but are attempting to terrorize banks...
...federal deficit moving downward. Bush recognizes that he is the benefactor of a rare alignment of stars. "I'm a lucky person to be President of our country in these very exciting times," he said last week. But as the ground in Europe continues to shift, he will need more than luck...
...entire East bloc, was operating at only a fraction of its capacity. At the OMIG electronics factory, the building was crumbling and the technology 25 years old. "The Poles are doing very well with the tools they have," said Robert Galvin, chairman of Motorola. "But to be competitive they need entirely new operations...
...sense this is good. (And of course it's very good if you don't yet own a house.) In the U.S., we need to invest relatively less on expanding our living space and more on retooling our factories. We need fewer real estate agents and more teachers, fewer mortgage brokers and more engineers. So if people get the notion they'll make more money investing in stocks and bonds than in homes -- good! To succeed long-term, we need to save a little more and consume a little less...
Rising home prices may not pay for Junior's education or Senior's retirement. Some real money may need to be set aside as well...