Word: preemption
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Dates: during 1990-1999
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...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 a ton of cure ?- had the inflation-fearing bond markets jumping for joy and yields dropping like a stone. Wall...
...called Internet Tax Freedom Act in the 105th Congress, which leaves office next month. As originally drafted it would have prohibited states and localities from taxing any business activity involving the Internet for six years. State and local governments argued the time period was too long and protested this preemption of their taxing authority, but the crux of the matter was sales tax collection on remote sales...
Kemp said that the Malthusian fears of limited resources are unfounded and that they have wrongly predicted the preemption of supplies in the 1920s and 1970s. These fears, Kemp added, have led to excessive government legislation that inadvertently inhibited the growth of the economy...