Word: price
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Dates: during 1990-1999
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...entirely expected," says TIME Moscow correspondent Andrew Meier. "It?s a lame-duck Duma voting down conditions agreed to in April by a government that no longer exists as a challenge to a lame-duck president. The curious thing is that the new government is trying to institute price controls and other measures that would traditionally send the IMF racing for the exits, but the IMF is staying silent...
...stop worrying already? Everyone?s favorite harbinger of inflation, the red-breasted Consumer Price Index, is harbingering no such thing. After an April spike that put a fear of Greenspan into the markets -- a fear that hasn?t dissipated -- consumer prices in May remained flat (with only a 0.1 percent hike if you exclude falling energy prices). That?s zilch, folks. And so now it can be told: Reports of the resurrection of inflation were greatly exaggerated. "April?s rise was, as predicted, a one-time thing," says TIME senior economics reporter Bernard Baumohl. "With May?s number, the jittery...
...case of toilet paper home from a warehouse club. Now consumers can pool their orders online for "power buys" at www.mercata.com This Web retailer sells consumer electronics, sporting goods, housewares and appliances around the clock. But each day select items are put up for group sale at an initial price--say, $40 for a radio. The more buyers who join the sale by day's end, the lower the price will go. All buyers get the lowest price offered...
Lashawnda Walker is an industrious, C-average eighth-grader with an impeccable attendance record at Doolittle East middle school in Chicago. But a little over a year ago she faltered at crunch time, and she has paid a stinging price ever since. In the spring of 1998 Walker scored well below her grade level on the reading section of the Iowa Tests of Basic Skills. Chicago's widely hailed policy aimed at ending social promotion--the practice of automatically passing students to the next grade--required her to attend summer school. At the end of it she fell short again...
...Pamela Harriman wannabe. There's the palatial home hopping: in 1996 she and her husband bought Senator John Warner's former home for more than $2 million, then sold it before moving in so they could snag Michael and Arianna Huffington's digs for twice the price. Then there's her habit of turning up next to Bill Clinton regularly at party events. Last year she named Clinton her baby girl's godfather, throwing a party for the infant that drew an array of Hollywood and political pals, plus a rabbi, a nun and a swami...