Word: pushed
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Dates: during 1980-1989
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...outlays. For that reason, the economists admitted that there is a significant chance of a recession in 1988 -- perhaps 20%. Some experts doubt the economy could withstand another body blow from Wall Street. Says Economist Gerald Holtham of Credit Suisse First Boston in London: "The only thing that could push the U.S. into a recession is another panic sell-off on the stock market that hits consumer confidence...
That boost in productivity will help U.S. companies to curb costs and keep prices under control. "We're going to have productivity-led growth," says Yardeni of Prudential-Bache. "And that doesn't necessarily push inflation rates higher." Among the economists polled, the median forecast for next year's increase in the Consumer Price Index was 4.6%, virtually the same as the 4.3% rise currently projected...
Another threat is a shortage of labor, which could push wages higher. In October the unemployment rate fell to 5.9%, the lowest level this decade. Notes Kathryn Eickhoff, former staff economist of the Office of Management and Budget and now a private consultant: "We are approaching a full-employment economy for both labor and capacity in industry. This is the type of combination that usually leads to price increases...
...reduce the Warsaw Pact's superiority in non-nuclear weapons. Nunn and others believe that imbalance may be more threatening with the elimination of Euromissiles. He is said to be considering a unilateral declaration of objectives that NATO should achieve after passage of the treaty. INF opponents may push for a more lethal amendment that would bar the President from carrying out the treaty's provisions unless the conventional-arms imbalance in Europe is redressed. Senate Majority Leader Robert Byrd said last week he thought such a restriction "could be a killer...
...Soviet leader invited several groups of influential Americans to the Soviet embassy to push his case for arms reductions, world peace and his internal reforms. By far the most important of these meetings was with nine congressional leaders, including four of the Senators who will ultimately decide whether to ratify the INF treaty. Most of the legislators came out of the 90-minute meeting impressed by Gorbachev's intelligence, candor and optimism. But many of them let the General Secretary know that some positive Soviet actions were necessary to improve relations. Senate Majority Leader Robert Byrd, a West Virginia Democrat...