Word: cuttingly
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Dates: during 2000-2000
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...Predictably, insurance companies are not pleased with the new measures, claiming that obtaining permission for every transaction will send administrative costs through the roof - and could cut consumers off from potentially lifesaving clinics and screenings. "Increasingly, our health care system relies on information to flow between providers, hospitals, physicians and health plans," Kristin Stewart of the American Association of Health Plans, an umbrella organization, told the Washington Post...
...descent starts to steepen, some of the passengers are starting to scream (including a few Fed governors, according to Monday's Wall Street Journal). Last week, Sen. Byron Dorgan (D-N.D.) implored the Fed to cut rates and avoid a recession before it was "too late." And a sizable minority of Wall Street went into Tuesday thinking Greenspan should have cut rates by a quarter-point, as a Christmas gift to the markets and as an acknowledgment that...
...might well have hopped at that; as it is, Fed funds futures - the Greenspan casino - went into the meeting with a small bet on the cut, and the bias-only move is likely to eat up Monday's 200-point rally by week's end. The NASDAQ, meanwhile, will continue to mutter about its own issues, wondering only incidentally if the tech sector will prop the rest of the economy up or drag it even further down...
...leaving. Tech's impregnability is a fading memory. Consumer spending kept us going when the rest of the world was tumbling, and now wallets are closing across the country. President-elect George W. Bush finds that gloom and doom suits him when he's itching for a tax cut, and now the pressure's on Greenspan to get us back on track by spring. If this thing turns into a recession, and he's judged to have been prideful and ignored the warnings when the New Economy needed a little help, his chances of canonization may be shot...
...president of the United States, perhaps he'd enjoy taking the helm of his alma mater instead? Gore is one of 500 nominees who will be considered for the top job at Harvard University, although most suspect he will not make the final cut. "He'll go into our pool and be considered seriously," Robert G. Stone of the Harvard Corporation told the Associated Press. But, Stone continued - and here's the tough part, Al - "Gore doesn't have the academic or intellectual standing" required for the job. Ouch. Others involved in the selection process are more equivocal in their...