Word: runaways
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When California residents voted to brake the state's runaway car-insurance rates last November, alarmed insurers sped into court to overturn the referendum. But last week the California Supreme Court upheld most of the measure, thus increasing the prospect that a revolt against high auto premiums could soon spread to other states. In a unanimous decision, the seven justices affirmed the major provisions of Proposition 103, which slashes car premiums and other types of property and casualty rates 20% below the level of November 1987. Good drivers will get another...
Most important for Bush, runaway interest rates would cast a pall on the Administration's sunny outlook for economic growth, which is central to its plans to cut the budget deficit. The White House expects the economy to expand by a robust 3.3% in 1989, vs. the 2.7% growth rate predicted by a consensus of top private forecasters. The Administration's scenario for a fast-moving economy would raise more than $80 billion in fresh tax revenues and help Bush meet the $100 billion deficit ceiling mandated by the Gramm-Rudman law for fiscal...
...spring house-hunting season approaches, some help may be on the way. Everyone from builders to bankers to President Bush, who has called the home-buying crunch "among the most important and challenging issues in America today," seems eager to help first-timers catch up with the runaway cost of housing. When Jack Kemp was sworn in this month as Secretary of Housing and Urban Development, the former Congressman promised grandly, if vaguely, to "help recapture the American dream for first-time home buyers...
...pregnant women. In a cozy five-bedroom home that smells of baby powder and food cooking on the stove, fingers that recently clutched glass crack pipes now rest upon distended bellies. From a back room floats the sound of a baby's cry and a soft, throaty voice singing, "Runaway child, runnin' wild, / . . . go back home where you belong./ You're lost in the great big city...
Warning of "runaway growth" in state spending, the influential House Democrat offered a pared-down budget with a bottom line of $12.3 billion in direct appropriations, compared to the $12.87 billion proposed last month by Gov. Michael S. Dukakis...