Word: rising
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Dates: during 1980-1989
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...than 5% annually. Vigilant economists have spotted warning signs from time to time but never any present danger. Now, however, comes fresh evidence that inflation may be making a comeback at a time when it could play havoc with the aging economic expansion and the new Administration. A serious rise in prices would force the Federal Reserve to fight back by pushing interest rates higher, which runs the risk of choking the economy, boosting the federal budget deficit, and ballooning the cost of President Bush's savings and loan bailout...
...problem. Testifying before Congress, Greenspan called the CPI report "disturbing" because it suggested that the U.S. economy was close to overheating despite the Fed's eleven-month effort to slow it down by subtly tightening the credit supply. Noting that last week's report followed January's startling 1% rise in the Wholesale Price Index, a leap of 12.7% on a compounded annual basis, Greenspan warned, "If inflation re-emerges, I think a recession will move up on us much more quickly than we can imagine, and when it occurs it will be a prolonged...
...Just as Socrates felt that it was necessary to create a tension in the mind so that individuals could rise from the bondage of myths and half-truths to the unfettered realm of creative analysis and objective appraisal, so must we see the need for nonviolent gadflies to create the kind of tension in society that will help men rise from the dark depths of prejudice and racism to the majestic heights of understanding and brotherhood," King said...
...Capitol Hill source says many government officials are concerned about the rise in LBOs because "debt is not as productive as research and development." And, he adds, there is an "undercurrent" of feeling in Congress that there are ethical problems with LBOs...
...Tremouille said that what he termed Dietrich's conflict of interest should invalidate any ruling. Dietrich's architectural firm owns 1050 Mass. Ave., the value of which will rise sharply once Gund's project is developed, La Tremouille said...