Word: feeling
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Dates: during 1990-1990
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...midterm elections showed, there is still no will in the capital to make hard economic decisions. "How do they ever expect our kids to pay that $3.3 trillion debt?" worries Tom Tenner, a retired appliance-company executive in Houston. "No one seems to care or give a damn. They feel we can borrow forever." Still, the capital is not immune to the jitters. Washington caterers say that guest lists are smaller and there are more lunches than dinners, more wine than champagne. "It's chic to be prudent," says Michelle McQuaid of Ridgewell's Caterers. "Being rich...
Workers whose jobs are cyclical, seasonal or subject to the whims of the market feel vulnerable even without receiving a pink slip. Some benefits, like health insurance, may be tied to the number of hours logged, and so, in a slowdown, workers suddenly find themselves without coverage. Mayo Gonzales, a 57-year-old carpenter in Ontario, Calif., did not amass the 250 hours he needed this year to keep his benefits. "At my age -- at any age -- it's very important to have insurance because anything can happen," he says. "This is one of the worst slowdowns I have seen...
People whose jobs are still secure feel the pressure in other ways -- particularly if they are trying to buy or sell a home. California real estate agents have taken to burying statues of St. Joseph, the patron saint of family and home, in the yards of clients in hopes of changing their luck with prospective buyers. "One of my agents heard about it, and his client wanted to try it," says real estate broker Charles Lamb. "She got three offers in 10 days...
Even if they are not planning to sell, homeowners feel poorer when values drop. "The price of your house was your standard of value in the 1970s," says Kathryn Eickhoff, president of her own economics-research firm in New York. "You couldn't make money in the stock market, but you knew your house would go up in value. But now that confidence is being tested, and people feel vulnerable...
...driven home every single day to America," he says. "You've got to remember that in the end of the '30s there was kind of an isolationist fervor in some quarters. People saying, 'Hey, that's not any of our business.' There's a parallel there for what some feel about the Persian Gulf today: let somebody else figure this out. And it's my view that nobody can, except the United States...