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...didn't warn you. For months, Federal Reserve Chairman Alan Greenspan has hinted that he would lift interest rates to head off inflation. Yields on Treasury bonds have been rising in anticipation that he'll pull the trigger on March 25 when the Fed Board meets. Higher rates are bad for the stock market but even worse for consumers. Even a quarter-point hike will hurt. Some 60 million households have "revolving" credit-card debt averaging more than $6,000, at an interest rate of about 17%. An uptick would add nearly a billion dollars in interest expenses. And those...

Author: /time Magazine | Title: BIZWATCH: Mar 17, 1997 | 3/17/1997 | See Source »

...manage the flow of the most sensitive information. Bad enough that La ke somehow never learned from his NSC subordinates of keen FBI concerns that China was trying to influence congressional elections. Questions about his competence deepened today on reports that even after his own NSC tried to warn the White House that Joh nny Chung was "a hustler" who might embarrass the Clintons, Chung blithely continued to visit Hillary Clinton's office. Apparently, the warning never reached the right folks. Committee chairman Richard Shelby wondered aloud whether Congress or t he White House could trust Lake to report critical...

Author: /time Magazine | Title: Time Daily of March 12, 1997 | 3/12/1997 | See Source »

...economically equipped to address it. The U.S. thus finds itself in a familiar leadership role at a time when its own federal budget is under growing pressure. At the USGS researchers can only hope that the funds for their work don't disappear before they have a chance to warn the world of the next volcanic disaster...

Author: /time Magazine | Title: VOLCANOES WITH AN ATTITUDE | 2/24/1997 | See Source »

These incidents present a disturbing pattern of conduct that puts participating students at substantial physical and legal risk. We must, therefore, warn students who attend club-sponsored events that they may be endangering themselves and running the risk of injury. The College will not hesitate to bring illegal activities in final clubs to the attention of police...

Author: NO WRITER ATTRIBUTED | Title: Dean's Letter on Final Clubs | 2/20/1997 | See Source »

Muskie had a reputation as the hardest Senator on Capitol Hill to work for. He had an expansive intellect and a volcanic temper, which, Albright says, "he admitted to me he used as a device." His style with aides was prosecutorial. He would warn them in advance: "My rule is I want to know everything everybody else knows about this--and more." To work for him amounted to training with Jesuits, dissecting one's faith and then reassembling it. At dinner he'd even challenge an aide about his or her wine selection...

Author: /time Magazine | Title: THE MANY LIVES OF MADELEINE | 2/17/1997 | See Source »

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