Word: output
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Still there is a growing suspicion in global financial circles that the dollar may be at its peak and poised for at least a slight decline. While the Federal Reserve is trying hard to slow the U.S. economy, growth is picking up in other parts of the world. Output is forecast to rise about 3% this year in "Euroland" (the 11 nations that use the euro as a trading currency). Japan is crawling out of recession, and though growth there is feeble, it has still been enough to hold the yen steady against the dollar. Europeans point out too that...
...more to the list of myths exploded by the record U.S. boom. Remember when any unemployment rate lower than 6%, or any rise in national output of more than 2.5%, was supposed to light a bonfire of inflation? Come on, it wasn't that long ago--those beliefs died even harder than the '80s idea that the U.S. was becoming a corporate colony of Japan. And as late as the end of 1998, some economists feared that a ballooning U.S. trade deficit and the launch of a rival international currency, the euro, would send the American dollar into a headlong...
...Dear Leader" has a sense of humor? After all, Kim Jong Il has signed off on official biographies that include achievements as diverse as hitting five bottles with a pistol in his left hand at 50 yards and writing six operas in two years (along with his steady output of more familiar tracts such as "Let Us Establish More Firmly the Monolithic Ideological System in the Whole Party and Society"). The leader of the hermetically sealed communist holdover had his South Korean counterpart, President Kim Dae Jung, in stitches Wednesday as he spoofed Western media portrayals of his "hermit lifestyle...
...give trigger locks away 5. __ Kabibble 8. According to its president, it won't increase output in July 12. Prefix with lock or knock 13. Gallery-funding org. 14. Mission: Impossible theme-composer Schifrin 15. Yemeni port 16. Former colleague of Mike and Morley 17. Home for an SS-18 18. Dance partner? 19. He had his 15 minutes of fame in '95 20. "Love Bug" creator de Guzman, who claimed it was released "by accident" 21. They've offered to begin disarming 23. Ludwig __ Drake 25. Run out of Time? 28. Two shakes 29. The House has extended...
...pump: Why, they are thinking, after all that high-level OPEC maneuvering, are gas prices back on the upswing? That's a good question, and if you know the answer, Energy Secretary Bill Richardson will take your call right now. In March, when OPEC increased daily oil output by 1.7 million barrels, the car-driving public - and the Clinton administration officials, wary of a cranky electorate - breathed a sigh of relief; by the time we set out on our summer vacations, analysts assured us, gas prices will have settled into a far more affordable groove. But here we are, just...