Word: prospect
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...would create a vicious circle: depress the stock market, diminish consumer spending and drive foreign money away. Lipp hopes the threat of a recession would provoke quick agreement among the G-7 countries to cut interest rates and taxes. But Hormats cautioned that in the U.S. there's no prospect of easy accord between Clinton and the Republican Congress on cutting taxes or, even harder, deficit spending. Expect a lot of Washington jawboning this year to encourage Europe and Japan to buy American and head off protectionists in Congress. And hope for the best...
Even those unimpressed at the prospect ofseeing Smith found them-selves empty-handed...
...trail well, and The American People have finally gotten around to loving her. Her years of suffering at Bill's side (if a First Lady can truly suffer) are about to pay off big-time, quite possibly in a run for the Senate in New York in 2000--a prospect that has political junkies salivating...
...Save the World, a.k.a. Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers. As volatility has upset foreign markets and economic models, the three men have forged a unique partnership to prevent the turmoil from engulfing the globe. "They are motivated by the prospect of confronting entirely unprecedented economic challenges," says Ramo. Reporting this tale proved a challenge too. Ramo followed Summers to Russia this summer as that country's economy unraveled. Greenspan stayed put, but until TIME's exclusive, he's been understandably reluctant to be interviewed, given the power his words exert...
...between the two sides, although they're all in the same room for buffet-style meals, reports TIME correspondent Bruce Crumley. "The challenge is to create an agreement that both sides can present differently," says Crumley. "The Serbs need to be able to sell the agreement as ending any prospect of independence for Kosovo, while the Kosovars have to see it as a stepping-stone toward independence...