Word: tighteners
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...increase is necessary, he wouldn't hesitate to push for one if conditions warranted it." The debate centers on whether the Fed believes the economy is overheating in a way that would lead to inflationary pressures. Many economists believe that an overzealous central bank obsessed with fighting inflation could tighten credit too much, halting nearly seven years of economic expansion. Greenspan himself provided few clues, saying that while the Fed remains ready to raise rates if necessary, inflation currently remains low and potentially inflationary economic growth is expected to slow. For now, Wall Street seems to be betting that...
...YORK: Markets soared on a lower-than-expected rise in labor costs. The Labor Department report of a modest 0.6 percent rise in wages and benefits convinced investors that the Fed won't tighten interest rates at its next meeting three weeks from now, says TIME's Wall Street columnist Daniel Kadlec. "It's hard to remember the last time the markets reacted so eagerly to this report." Indeed, now that the Dow has almost completely erased the sobering slide that began March 11, the rest of the market seemed today to have to caught a euphoria that Kadlec called...
...novice lawmakers, who decided to make their stand by blowing up a fairly routine vote on funding congressional committees. The chairmen had crafted a bill that increased spending 14%. Many of the younger members were appalled. They had made it a matter of honor that when asking citizens to tighten their belts, accept welfare reform or cut entitlements like Social Security, Congress had to make some sacrifices as well. The rebellion forced Gingrich to hold a series of meetings in mid-March to try to yank the rebels back in line. "We were all told we were immature...
Pitt's Frankie McGuire is an assassin for an unnamed group of Northern Irish terrorists sent to America to evade the British secret service, whose noose is beginning to tighten around him. He carries a vast sum of money and instructions to purchase a shipment of Stinger missiles capable of rebalancing the power in Belfast. Given an assumed name and occupation, he enters the country, and the home of Ford's Tom O'Meara, as an ordinary immigrant needing a sponsor. Since Tom is a New York City cop of unquestionable honesty, Frankie's cover is perfect...
MOVIES . . . THE DEVIL'S OWN: Brad Pitt?s Frankie McGuire is an assassin for an unnamed group of Northern Irish terrorists sent to America to evade the British secret service, whose noose is beginning to tighten around him. Given an assumed name and occupation, he enters the country, and the home of Harrison Ford?s Tom O?Meara, as an ordinary immigrant needing a sponsor. Since Tom is a New York City cop of unquestionable honesty, Frankie?s cover is perfect. The script (by David Aaron Cohen, Vincent Patrick and Kevin Jarre) is good about not making too much...