Word: points
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Dates: during 1990-1999
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Thank you, Mr. Greenspan ?- may we go now? Right on time at 2:20 p.m. Wednesday, the Federal Reserve released Wall Street from months of suspense. It raised short-term interest rates by one quarter point and returned its "bias" to neutral ?- and gave little sign of what it planned to do at its next meeting on August 24. TIME senior economics reporter Bernard Baumohl says that?s because Greenspan himself doesn?t know. "If the economy starts to slow down ?- and there are scattered indications that it?s beginning to ?- chances are he won?t raise again," he says...
...role of the Kosovo Liberation Army, with the U.S. pushing for the insurgent army to have a role in the territory?s police and political administration, while Canada and other countries urged the U.N. to avoid allowing the KLA to "usurp authority in Kosovo." Rebuilding Serbia also remains a point of contention, with Annan arguing forcefully for a broad definition of humanitarian aid, while the U.S. seeks to limit assistance to Belgrade while Slobodan Milosevic remains in power. "Kofi Annan will push hard against denying aid to Serbia because common sense dictates that the region won?t be stabilized without...
Take a deep breath, everybody -? the stock market may be about to blow its own bubble. Everybody knows that Fed chairman Allan Greenspan is going to raise interest rates by one quarter point, most likely on Wednesday. And everyone?s reasonably sure that the markets, which have been stewing about this for weeks, will take off on the news like a bull outta hell, especially when they read the Fed?s post-meeting comments Wednesday and find no hint of further action. But do they know this rally could be its own worst enemy? "My guess is that...
What happens when the computer society meets the litigious society at some Y2K-breakdown point next year? Horrified by the possible multibillion-dollar answer, the high-tech industry, joined by the wider business community, convinced Congress to pass legislation earlier this year limiting company liability in the event of Y2K disruptions. But faced with a threatened log-off from the White House by way of a presidential veto, congressional negotiators sat down with White House aides in the past few weeks to address the President?s concerns that consumers not be shortchanged by the legal system should they come...
...about--even ordered--the move. In fact, Russian military sources say, the raid was a spur-of-the-moment undertaking, devised by generals furious with NATO's stonewalling. The decision, say Russian sources, was taken no earlier than June 10, two days before the troops moved in. At that point, U.S.-Russia talks on peacekeeping in Kosovo were going badly. Military representatives suspected that their main U.S. interlocutor, Deputy Secretary of State Strobe Talbott, was playing for time in Moscow, trying to keep negotiations bogged down until NATO had deployed. Yeltsin, meanwhile, was smarting at what he felt was Bill...