Word: slowdowns
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...most egregious violation came at the 51:55mark when Princeton's Matt Striebel streaked intothe box after a ball. Dupuis beat Striebel to theball and controlled it, but Striebel did not slowdown and plowed into Dupuis...
...Slowdown's Silver Lining...
...think the new cut by itself is too small to have much impact. Other rates, on bonds for example, had already been adjusted downward in anticipation of a Fed move. But it is a heartening sign that Greenspan and the other Fed governors have become convinced that a worsening slowdown is now a greater threat than renewed inflation. Since Greenspan has long preferred to move rates in a series of small, repeated steps, the economists on TIME's board devoutly hope that more reductions will follow, late this year or in early...
...slowdown, or growth recession or whatever, will bite much harder into corporate profits. They are already dwindling, to the grief of investors who saw the Dow Jones industrial average plunge from a July 17 high of 9337 to an Aug. 31 low of 7539, at least partly because it became obvious that earlier expectations of a continued smart rise in profits were wrong. Wyss expects after-tax profits to drop about 2% this year and stay essentially flat in 1999, perhaps rising a nearly invisible...
Robert Gordon, who occupies the prestigious Stanley G. Harris chair of economics at Northwestern University, thinks profits may be hit even harder, though he offers no numbers. His explanation: labor shortages caused by the past boom are still severe and likely to remain so even with a slowdown in the growth of output. That condition will push up wages faster than companies will be able to raise either prices or productivity--that is, output per hour. Productivity is in fact already sliding, as it usually does at this late stage of a business expansion, the increasing computerization of the economy...