Word: consumerization
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Dates: during 2000-2000
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"There is real frustration within the FOMC," says Fed watcher David Jones of the Aubrey G. Lanston investment firm. "Borrowing costs have been going up for more than a year, and yet no one seems to care. The Fed is asking 'What does it take to get the consumer's...
Ironically, the Fed's get-tough stance came just hours after a Commerce Department report showed that the "core" rate of inflation (the Consumer Price Index with volatile food and energy prices omitted) had fallen to an annual rate of 2.4% in April, down from 4.8% in March. That led...
Nonetheless, in 1981 saccharin was added to the government's official list of cancer-causing agents and dropped from most products. Last week, having never harmed any known human consumer, it was formally cleared of carcinogenic charges. In the ninth edition of the federal list, saccharin was omitted, along with...
DIED. WILLIAM BOYLE, 88, visionary banker who developed the first bank-issued credit card, the Franklin Charge Account Plan, in 1951, paving the way for Visa and MasterCard and hastening a new age of consumer spending; in Garden City, N.Y.
Archer would not comment on the ephedrine regulatory regimen. But his agency spokesman, Doug McBride, says Archer describes the rules as a "starting point. We have something where nothing existed before." While industry seemed to dominate the rulemaking, McBride notes that a doctor and a consumer representative sit on Archer...