Word: slowdown
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...percent. And though retail sales for April rose only 0.1 percent, inflation hawks would have much preferred a drop -- considering that April was the ninth straight month that America's drunken-sailor consumers spent more than the month before. TIME senior economics reporter Bernard Baumohl says the gentle economic slowdown those hawks were hoping for hasn't materialized -- and real inflation worries are a ways down the road...
However, the refugee slowdown is an ominous rather than positive development. Last week, the Yogoslav Army sealed the border to prevent refugees from escaping, although it has since reopened for brief intervals. It is impossible to know where the several hundred thousand "internally displaced" Kosovars are, or whether they have adequate food or shelter. There are no reliable sources of information on the ground within Kosovo, but refugees tell of a meticulous and organized refugees tell of a meticulous and organized effort to empty cities, towns and villages...
...House officials say they have no evidencethat giving has slowed in the past year. But asRadcliffe enters the last year of its $100 millioncampaign, any slowdown could threaten the 2000goal...
...would also notice that some 40% of the global economy is in recession and much of the rest is slowing down: Japan, flat on its back; Southeast Asia, far poorer than it was just two years ago; Brazil, teetering; Germany, burdened by double-digit unemployment and an economic slowdown; and declining prices worldwide for oil and raw materials...
When the global slowdown hit Russia, Korea and Japan, these countries responded in part by boosting their exports of steel to the U.S. The Clinton Administration initially played along with the demands of the steel industry and its unions. In his State of the Union address, Clinton warned of great harm to the steel industry from abroad and threatened tariffs against Japan. But how much harm has really occurred? The U.S. imported almost a third of its steel in 1998, up from about 25 percent the year before--a change, but hardly one which spells the death of the domestic...