Word: steers
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...long ago, of course, Greenspan was the one trusted oracle who Wall Street and Washington believed could steer through such choppy waters. After taking over from inflation slayer Paul Volcker in 1987, Greenspan greatly expanded the role and influence of the Fed Chairman, whose principal job is to oversee monetary policy. His economic mission creep included commenting on everything from tax cuts and the housing market to entitlement programs. In 1996 he warned investors of "irrational exuberance," only to turn around and exacerbate the stock market bubble, his critics allege, by becoming a cheerleader for the New Economy. Many...
...scheme came under even harsher criticism from nutritionists, who complained that the government missed an opportunity to steer Americans away from the sugary, fatty, processed foods they consume in such quantities. "One of the biggest problems is it doesn't clearly say 'eat less,'" says Margo Wootan of the Center for Science in the Public Interest. It also says nothing about salt, saturated fat or cholesterol. Nor does the USDA have a budget to promote its new pyramid. Instead, it is relying on word of mouth from doctors and nutritionists, and marketing campaigns paid for by the food industry. --With...
People hopes that new computer equipment will solve its telephone problem, but the system is currently handling only 3% of reservations. That is one reason the carrier has not been very successful in persuading travel agents to steer passengers its way. Another obstacle is that agents, whose commission is generally 10% of the ticket price, make the most money on the most expensive fares. Says Barbara Riefle, president of New York City's Hardach Travel Service: "It's just not worth it to get worked up over a $29 fare...
...major networks rejected this public service TV announcement as too controversial. The booklet that is offered, The Facts, tells young people, "It's okay to say 'no,' " but that if they do have sex, then the pill and condom are the safest birth control methods. Network officials steer away from the topic of contraceptives, even in paid advertisements. Says George Schweitzer, a CBS vice president: "The proper forum for the discussion is in news and public affairs programs where there is a balanced format to present both sides...
...they "sat down with the hostesses they had been assigned and almost at once reached out for their breasts as nonchalantly as they helped themselves to fruit on the table." He observes the clownish scenes that take place each night at subway stations as impeccable railway attendants try to steer hordes of drunks toward their trains. He hears sad stories that would never have escaped without the lubricant of booze. At one bar, a fellow drinker confides that his wife is pregnant and his salary insufficient to support a child. Ultimately, Morley is invited to sleep off the hours before...