Word: points
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Dates: during 1990-1999
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...spotlight follows you everywhere, your opponents freeze to death in your shadow and, best of all, you cruise straight past the primaries and into the general election as "a uniter, not a divider," with none of the debts and scars and promises that slow candidates down just at the point when the campaign becomes a sprint. The Republican faithful would forgo their normal feedings of litmus tests and put up with this soggy message of "compassionate conservatism" because Bush has a message for them too. Three words: I can win. Now he just has to prove it will work...
...because modest preemptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy," he told the Joint Economic Committee. Folks, that?s as clear as the man gets without actually saying it: The Fed will raise interest rates one quarter point at its meeting on June 29. Says TIME senior economics reporter Bernard Baumohl: "After two weeks of wondering, he just removed the uncertainty...
...Investor DataSo why were the markets ?- led by NASDAQ, which as an index of debt-heavy tech start-ups is especially sensitive to interest rates ?- on the uptick moments after that fateful "preempt" had passed Greenspan?s lips? Because he?s going to do it only once. "A quarter-point hike, which is really nominal, has already been factored in anyway," says Baumohl. "All this talk about preemption means there won?t be a series of hikes. Greenspan is still ahead of the curve." The idea of a preventative tweak ?- and this chairman?s impeccable record says it?s worth...
Having made his point and rewarded his contributor, Bill Clinton is no longer in a fighting mood. The President blinked Wednesday in his staredown with Sen. James Inhofe over gay ambassador James Hormel, promising to notify the Senate of any appointments he plans to make while they?re out of town. It was a courtesy Clinton had observed until the Hormel decision, when, with Senate leaders holding the nomination hostage to the wishes of their conservative wing, it must have seemed pointless. Backing down now, however, is not so pointless -- not when Richard Holbrooke is finally headed for the Senate...
...horse be influential? If in 1973 you saw the big chestnut colt win the first Triple Crown in 25 years by 31 incomprehensible lengths, and if you realized that in appearance, style and disposition he was the Platonic ideal of the athlete, you wouldn't argue the point. His influence is this: Secretariat is the standard against which every other Thoroughbred must be measured...