Word: standardism
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Dates: during 1990-1999
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...starters, many economists doubt that huge tax cuts make sense at a time when the U.S. economy is running flat out after nearly nine years of expansion. Slashing taxes now "seems a little odd," says Cynthia Latta, principal U.S. economist for Standard & Poor's DRI. "Its support comes from the assumption that if [the surplus] is not handed back to taxpayers, the government will just use it for more programs." Latta's fellow critics include Federal Reserve Chairman Alan Greenspan, who warned last week that "the timing is not right" for the House measure, which calls for a 10% across...
...though, check the auto exposure in your mutual funds and stock portfolio. You may be able to cut your best deal right at home--by cutting your auto holdings. The stocks have had a nice run. They're up 65% in the past two years, vs. 47% for the Standard & Poor's 500. Since the last recession, in 1991, they...
...time to get small. The average micro-cap fund surged 19.8% in the first six months of 1999, up from last year's measly gain of 1.4%. That's almost double the return of the average diversified stock fund. Micro-caps are even beating out the Standard & Poor's 500 index. Micro- caps' relatively low price-to-earnings ratios have made them increasingly attractive. And they continue to be. Analysts say there is still plenty of value out there even though micros are back on the market's radar screen...
...have a low probability of meeting the constitutional standard," Superintendent Thomas W. Payzant said of the recent conservative tenor of the federal court system...
...arbitrary and capricious' [legal] standard is a very tough one, but if there is an institution that's arbitrary and capricious, it's the ad board," MacLeish said...