Word: rapid
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...Stephen Roach, chief economist of the Morgan Stanley investment firm, that is a prescription for disaster. He thinks growth even this year may speed up to 3%, leading to rapid inflation in 1997 and possibly to a recession in 1998. And last Friday's financial-market action showed how widely his views are shared on Wall Street. Huge May increases in factory orders and new-home sales had made it obvious that growth is accelerating sharply from the anemic 2.2% pace of early 1996; estimates put the second-quarter rate at 4% or even 4.5%. Then on Friday, the government...
...other so-called greenhouse gases? Scientists are still not sure. But one of the effects of the unusual stretch of weather over the past 15 years has been to alert researchers to a new and perhaps even more immediate threat of the warming trend: the rapid spread of disease-bearing bugs and pests...
...percent last quarter that is likely to change. "The question now is will the Fed raise rates 25 or 50 basis points," Baumohl says. Economists had been predicting the economy would slow down in the second half of the year, but Baumohl points out that few anticipated the rapid growth in the second quarter. "Economists have terribly underestimated the strength and endurance of the this economic expansion," he says. "In the first quarter people were complaining that the economy was growing too slowly. Now it's growing almost twice as fast and some people are concerned it is overheating...
...unlike past debates, Kerry's oratory style did not completely overwhelm Weld's high-pitched, rapid-fire attack...
...traditional Russian bylina, or folk epic, a dashing warrior in shining armor rescues the good Czar from the evil influence of his scheming boyars. Much the same sort of tale seemed to be unfolding as a rapid-fire Kremlin drama last week. It began on Tuesday, two days after the initial round of the presidential elections in which retired Lieut. General Alexander Lebed made a surprisingly strong third-place finish and Boris Yeltsin came in first. In Yeltsin's office that day, Lebed, 46, a hero in a dark business suit, perched stiffly on the edge of an ornate chair...