Word: tightness
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Dates: during 1990-1999
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...world's largest brokerages, sees only a nearly invisible rise in unemployment, to 4.7% at year-end, but an uptick in inflation, to a rate of 2.5%, with interest rates on 30-year Treasury bonds climbing to 6.5%, from below 6% in mid-March. In his view, the tight U.S. labor market will give inflation a nudge that the Federal Reserve will try to combat by raising interest rates. (Sinai, in contrast, predicts the Fed will cut rates slightly to prevent a too steep economic slowdown...
...demands later -- right now he's more concerned about getting bipartisan support for the bill in his own committee. And the sticking point, as negotiators prepare for a weekend of haggling, is FDA nicotine regulation. "The White House and Koop's public health camp want the FDA to have tight control over nicotine content," says Carney. "The Republicans hate regulatory agencies, and they hate regulation." Unless McCain can bridge what Carney calls "a pretty big gap," the the tobacco deal will quickly slide back into the legislative abyss...
...might think times are flush on Wall Street, what with stock prices at historic highs and ridiculously rich year-end bonuses in the bank. Somebody, after all, just paid a record $2 million for a seat on the New York Stock Exchange. And in lower Manhattan supplies remain tight for rental limos and $20 cigars. Strangely, though, supplies aren't tight at all for traders, bankers and brokers. In a striking irony the financial chefs who for years have cooked up corporate takeovers and restructurings--all smelling like layoffs to working stiffs--are today being served those same entrees. Well...
...both worthy of a superstar and, in its self-aware over-the-topness, a commentary on the absurdity of being a superstar in the first place. Heeeeeere's Yo-Yo Ma, the postmodern virtuoso! Lugging his cello and dressed in formal attire for a just completed photo shoot--tight scheduling is one of the defining characteristics of his day-in, day-out existence--he takes off his jacket and asks the two journalists present, "Mind if I change?" Since no one will admit to offense (come on, Yo-Yo, we're delighted; you just gave us our story's lead...
...Yeltsin may have a problem -- he has little physical or mental stamina, and his announcement today was the longest he?d been seen in public for weeks. If he?s unable to find the energy to maintain his tight control, this could be his last hurrah...