Word: slowdown
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...some 20% of the nation's lending has been done by especially aggressive, largely unregulated nonbank financial companies. Most of these "fin-cos" are headed for extinction. It's a recipe for a flood of bad loans and higher interest rates. The economy there is headed for a slowdown, possibly a recession, in short order...
...Group, a New York City-based money-management firm. "But there will be all kinds of compromises. That implicitly means the euro is going to be a weak currency." Britain is expected to fare marginally better than the Continent, with 1997 growth of 3.4%, and 2.4% in 1998. The slowdown will result from a need to squelch inflation, running at about 3% this year and headed for 4% next year...
...This slowdown in judicial confirmations is not due to congressional lethargy. Just the opposite. With Republicans firmly in control of the Senate, many of the party's theorists feel they have the power--and the rightful mandate--to implement the ideals of a conservative revolution that lost its focus in recent years. So they have been not so quietly pursuing a historic change in the ambiguous "advise and consent" role the Constitution gives the Senate in the selection of federal judges. The successful assault by Democrats on Ronald Reagan's nomination of Robert Bork for the Supreme Court helped open...
...remains ready to raise rates if necessary, inflation currently remains low and potentially inflationary economic growth is expected to slow. For now, Wall Street seems to be betting that the Fed will not raise rates, concluding as many economists have suggested that US is in for a mild slowdown after an unexpectedly rapid first quarter growth spurt...
...Islamic world will, at the same time, wield more power due to its continued demographic explosion, and the West will continue its slowdown...