Word: spikes
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...income growth has been slow for years, yet consumers have continued to buy; they have simply substituted debt for cash. Now they are even flashing plastic to buy groceries. Household borrowing currently stands at a record $1.14 trillion, an amount equal to Britain's entire gross domestic product. A spike in interest rates could thus send U.S. consumers--not to mention the rest of the economy--into a funk...
...Cool, and furthermore, brings them not-to-be-scoffed-at publicity via his interview with the band in the June issue of Esquire. Pynchon first befriended Lotion like any other groupie--by religiously attending the band's shows. (He's had other musical interests: he wrote the liners for Spiked!, the 1994 re-issue of the hits of bandleader Spike Jones...
...original sellers using documents and serial numbers. There's more than enough work to be done: homicides attributed to kids with handguns have jumped 418 percent since 1984; homicides by other kinds of guns are up 125 percent, according to The New York Times. Noting the sharp spike in juvenile deaths in recent years, Clinton said: "We have to give the future back to all of our children. We cannot ... keep allowing our young people to die before their dreams ever have a chance to take shape. We know gangs often buy in bulk from a single shadowy supplier...
...Spike Lee and Mike Leigh, Gong Li and Jennifer Jason Leigh were all on the Riviera to peddle their films at dozens of press conferences and at luncheon interviews. Gong Li fared better at a posh dinner for her film Temptress Moon; her tablemate was not some grubby journalist but the genial dauphin of nearby Monaco. It was the first time in nine years that Grace Kelly's son had visited the festival, lured by Temptress Moon's elegant producer Hsu Feng, who thus provided a new answer to the old question: How do you get Prince Albert into Cannes...
...patriotic duty to fume over the spike in gas prices, but like it or not, there's a paradox in our pique: America's love affair with cheap energy is precisely the reason that gas taxes should be higher. Bob Dole and Bill Clinton won't say so, of course. They're busy sparring over a repeal of the 4.3 cent-per-gal. gas tax the President included in his 1993 deficit-reduction plan. But pandering isn't inevitable: four years ago, Ross Perot and Paul Tsongas were calling for a new 50 cent-per-gal. tax to be phased...