Word: trades
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Dates: during 1990-1999
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...outright global recession, economists concede, is still a real possibility. "The risks of a deeper, wider, more prolonged downturn have escalated," the International Monetary Fund reported in its most recent global forecast; the Commerce Department said last month that in August the trade deficit ballooned $2.2 billion, to $16.8 billion. Warning signs abound that this involves more than just collapsing Asian and Latin American markets. After years of low unemployment, a number of major U.S. companies have responded to their earnings troubles with year-end job cuts, among them Merrill Lynch (3,400), Raytheon (14,000), LSI Logic...
...Katherine Lechler, 35, a graphics designer for CMP Media's InformationWeek, a trade publication in Manhasset, N.Y., knowing that she can have lunch every day with her two children, Christopher, 3, and Beatrice, 13 months, makes all the difference to her job. The company's on-site, full-service day-care center allows Lechler to see her kids anytime during the workday if they aren't feeling well--or if they just need a hug from Mom. She pays the company about $165 a week for Christopher's care and $150 a week for Beatrice's, which, Lechler says, costs...
...strangely removed from the day-to-day business of government. A senior diplomat recalled a recent high-level meeting with the new Prime Minister. "We asked about foreign policy," the diplomat said, "and Primakov waved his hand and referred us to Ivanov [his Foreign Minister]." The delegation then raised trade, but "Primakov waved his hand and referred us to Maslyukov [the Deputy Prime Minister in charge of the economy...
...good p.r. and an army of bureaucrats working to expand it. A corporate-welfare bureaucracy of an estimated 11,000 organizations and agencies has grown up, with access to city halls, statehouses, the Capitol and the White House. They conduct seminars, conferences and training sessions. They have their own trade associations. They publish their own journals and newsletters. They create attractive websites on the Internet. And they never call it "welfare." They call it "economic incentives" or "empowerment zones" or "enterprise zones...
...Compromise -- to put it euphemistically -- was Al D'Amato's middle name. "But Gramm is much more of an ideologue," says Baumohl. "He's not willing to trade." Gramm single-handedly killed the previous deregulation effort last October, and now it looks like he'll be in charge come January. Sometimes integrity can be a real inconvenience...