Word: ratchets
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...only slightly, rising to 6.95 percent from Monday's 6.92 percent. For a tricky balancing act, it was a solid first day. If the Fed succeeds in creating a "soft landing," it will be only the third in the central bank's 84-year history. Most previous attempts to ratchet down growth have ended in economic downturns. Greenspan is counting not on the historical odds but the immediate precedent from his own era: when he raised rates in 1994 to slow growth, the tactic worked...
...does not want to launch too strong an attack out of fear it won't deter Saddam. "If you go to some heavier response and Saddam doesn't respond the way you like, the question is when do you stop," Thompson says. "You can highlight your impotence if you ratchet up worry and he doesn't get the message." Scot Woods...
Katzenberg was part of Team Disney when the studio began to ratchet up. At the time Disney did not own a network or any other pipeline into viewers' living rooms. The company calculated that it needed to become a dominant supplier of programming so that it wouldn't be squeezed out by rivals like Fox and Time Warner, which owned cable systems or other outlets for their own movies. Once Disney stepped on the gas, some of its rivals followed suit. Soon a glut of pictures was fighting for screen space. The result: opening-weekend carnage...
...late 1970s, two foundation-sponsored blue-ribbon commissions recommended that the states ratchet up what students paid for a public university education to a third of the actual cost. Nothing happened right away, but afterward the states got into the habit of increasing the cost of higher education whenever a recession would hit--even though recessions are exactly the times when families are least able to absorb higher bills. (Later, of course, when the recession ended, the cost would not be ratcheted back down.) In most states, rising Medicaid costs and tough-on-crime legislation that required the construction...
...good right now (growth, unemployment, inflation, the deficit) and those for which the Republicans have nothing much to suggest (wage stagnation, middle-class angst), "character" is naturally a tempting theme. Part of the answer lies with the media. Skeptical scrutiny of Presidents, it seems, is on a permanent upward ratchet. This is a good thing, by and large, but rough on the incumbent. And part of the answer lies with Clinton himself. Not that his moral failings are worse than other politicians'. But his relative youth (which is not his fault) and his occasional callowness (which is) deprive...