Word: reductionism
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Dates: during 1990-1999
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Laid-off staff members disagreed with Knowles' and Stagers' reasons for the substantial staff reduction, insisting that the move was politically motivated.
Gabay said that without the termbill hike, a reduction in the council's grants would be necessary and would cause "a lot of pain for a lot of groups."
The steady decrease in the council's annual roll-over, or funds which remain unspent at the end of each year, would cause a reduction in council services, Gabay said.
Despite such miffed feelings, Greenspan and the Clinton camp have remained on friendly terms. Speaking at an electronic town hall in Charlotte, North Carolina, last week, Clinton blamed the volatile financial markets on what he called "an overreaction to what the Federal Reserve did." And Greenspan, who last year praised...
Things are good. The U.S. is lean and mean and at peace. Free trade is a priority, as are deficit reduction and education. Technology races ahead. We have a smart guy running the Federal Reserve (Greenspan) and another smart guy (Robert Rubin) advising the President -- who's damn smart himself...