Word: petersons
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...general as a refined refuge for the well-heeled, Colorado Springs (pop. 259,000) has long enticed tourists with attractions like Pikes Peak Highway and the elegant Broadmoor Hotel. But in more recent years it has become a magnet for military installations. To the east of the city is Peterson Air Force Base; to the north is the U.S. Air Force Academy; to the south is the Army's Fort Carson; and buried deep in Cheyenne Mountain to the southwest, shielded behind 25-ton doors, is the North American Aerospace Defense Command (NORAD). Notes retired General James E. Hill, president...
...Right now were just lying low, and keeping in touch with our contacts in Cambridge." Peterson said...
Currency Market Intervention. Peterson believes that if the first three steps are implemented, fundamental causes of the dollar's strength, like interest rates, will begin "moving in the right direction" and the dollar will decline in the long run. "Then," he says, "exchange-rate intervention can help the trend along." Peterson warns, however, that "if the fundamentals are moving in the wrong direction, intervention could prove expensive and futile...
While politicians argue over comparative tax resources, fundamental questions about the appropriate federal role in local services seem unlikely to be resolved. City experts like the Urban Institute's George Peterson argue that the national Government should help out when it adds to local costs by establishing new standards, as it did in 1972 for water-treatment plants. Other urban advocates argue that welfare payments should be a federal responsibility, since many tightfisted communities export their poverty burden to more generous cities. New York City's Deputy Mayor Alair Townsend points out, for example, that about 14% of the homeless...
...crunch. Perhaps the most sinister aspect of the budget deficit is that its effects are gradual and masked by the general prosperity. "Deficits are not explosive," said Heller. "They are corrosive." Most disturbing, the U.S. will become a debtor nation this year for the first time since 1917. Peter Peterson, former chairman of the Lehman Bros. Kuhn Loeb investment firm and a guest at the TIME board meeting, said that unless action is taken to bring down the deficit and the dollar's value, America could owe foreigners $1 trillion by the end of the decade. Observed Heller...