Word: slowdowns
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...With or without Dudayev," Yeltsin said last week, "we shall wind up everything in Chechnya with peace." That still seems a far-off objective. Yeltsin's March 31 announcement of a cease-fire and an attempt at new negotiations brought no apparent slowdown in the fighting. Nevertheless, early last week with visiting President Bill Clinton at his side, Yeltsin insisted that "military actions are not going on" in Chechnya. Was he lying or out of touch with reality...
...treadmill, and the slowdown button does not work. The only advising we receive our first year is from a residential proctor (except for those privileged few who have nonresidential academic advisors). The likelihood of sharing any common academic interests with this person is slim. Many of us are therefore left running around frantically in April to assemble the concentration form and plan of study...
...more in key states and national polls. The second factor is Steve Forbes, the publishing magnate, who has jumped into second place in polls in Iowa and New Hampshire on the strength of his TV and radio ads. Those developments have combined to create a third: a sharp slowdown in contributions to Alexander and Gramm. As a result, Iowa has become an opportunity for Dole--and a make-or-break moment for nearly everyone else...
...lost 101,000 jobs in May. The month before witnessed the third decline in a row in the index of leading economic indicators, which is used to forecast economic conditions six to nine months from now-when Campaign '96 will be well under way. "This is a pretty sizable slowdown," observes economist Victor Zarnowitz of Columbia University. "In many ways it resembles past slowdowns that have become recessions...
...factor that will spell the difference between slowdown and recession is sustained consumer confidence and spending. A decline could prompt businesses to cut back production even more, leading to more cuts in the work force and a further fall in consumer spending -- the vicious cycle that drives a recession. In surveys, confidence still looks solid, but beneath is an enduring anxiety about wage stagnation and job security. With any additional sign of a serious downturn, consumer confidence could collapse like a nervous smile...