Word: warns
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Dates: during 1980-1989
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...does not, experts like Robert Chandross, chief economist at Lloyds Bank in Manhattan, warn that prices could drop below $10 per bbl. and remain at that level for the next six months. That would mean a repeat by next spring of the oil-market collapse of early 1986, when OPEC overproduction sent prices crashing to less than $10 per bbl. While cheap energy helps most Western economies by lowering inflation, petroleum at prices below $10 or $12 per bbl. is a painful prospect for such indebted oil producers as Algeria and Mexico and the weakened U.S. energy belt...
THEY BARELY KNEW WHAT HIT THEM. Al Frank, publisher of the Santa Monica-based newsletter The Prudent Speculator ($200 a year), admits that he was "clobbered" by the crash and its aftermath. He regrets failing to warn his readers, saying, "We had a lot of new clients who had signed up at the top of the market. Their stocks did not do well. It was very sad for me." Frank, 58, lost $750,000 of his own money, and his subscriber list has dwindled from 5,700 a year...
...learned of Robert Newman, the trusty church sexton who placed lanterns in the steeple of the Old North Church to warn Paul Revere and others of the impending British invasion. We saw many Harvard presidents--and names of Harvard Houses--imbedded in the bronze plaques and on the gravestones that dot the Freedom Trail. And we saw The Gap, Ann Taylor, Filene's, Steve's Ice Cream, and the hosts of other boutiques and bargain basements which have sprung up in the midst of history in Boston...
What to do? Sheldon Danziger, director of the Institute for Research on Poverty, warns against anything other than closely targeted approaches to the problems of the poor: "In the 1970s I would have said we should have a guaranteed annual income. I don't say that now. We have learned that blunt instruments don't work." Making the income tax system more progressive would seem an obvious step, but economists warn that it has its limits. Says Gary Burtless of the Brookings Institution: "There are estimates suggesting that if we raise tax rates on people making more than...
Many would argue that it is the responsibility of the individual governments to require the companies to warn people of the possible health hazards of smoking. That may be true, but why are we so quick to absolve these companies from any responsibility for the effects of their own products, and why do tobacco companies seem so unwilling to take...