Word: turmoil
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...Money Daily takes a look at one measure in particular: the NASDAQ, battered by turmoil in the semiconductor industry. A tech slump may be here to stay...
Since Carey's union learned of his ouster, the race to take his place in the upcoming election has seemed headed for turmoil. Top contenders include George Cashman, who heads a large Boston local, and Ken Hall, a chief negotiator in the UPS strike last summer. Front runner Tom Leedham, who heads the Teamsters' warehouse division, has the backing of the influential Teamsters for a Democratic Union. But Hoffa charged last week that contributors like Gail Zappa--wife of rock singer Frank Zappa--had made contributions to the reform group that were arranged by the Democratic National Committee. That brought...
...side for Washington, the crisis weakened Asian resistance to extending free trade agreements, resulting in liberalization of trade in nine additional sectors. But, says Branegan, the harsh austerity and privatization programs that accompany IMF loans carry are likely to cause "a long period of political turmoil in Asia." Which means that it may be some time before the tigers again strut their stuff...
...election for which no date has even been set, Hoffa is no longer a shoo-in, having recently come under investigation himself. "The election process is in turmoil," says Barnes. "It's open political season for whoever wants to run." Anyone except Ron Carey...
...will demand stronger fiscal discipline and less state investment ? economic medicine which may be hard to swallow. ?There is likely to be a long period of political turmoil in Asia as the IMF?s measures take effect,? says Branegan, noting early signs of resistance in Thailand, Indonesia and Korea. Some of those men in aviator jackets may yet pay the ultimate political price for taking the tigers by the tail...