Word: interested
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Dates: during 2000-2000
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...economic sense of this argument is, well, arguable. Interest-rate cuts take six months or longer to make a real impact on the economy, and Alan Greenspan implements those with a wave of his hand. Bush's tax cut faces a long road through Congress, and of course part of the argument he used during the campaign - back when everybody worried that it would overstimulate a red-hot economy - was that the cuts would be phased in so gradually that no one would notice...
...INTEREST RATE...
...Maestro, an often tedious recounting of every Fed adjustment in short-term interest rates since 1987, we come to appreciate how brilliantly Greenspan manages the Federal Open Market Committee--the body that regularly meets and votes to set interest rates. We also get a revealing taste of the heavy politics involved and how Greenspan quietly and effectively shuffles through the most powerful ranks in Washington. Woodward, assistant managing editor of the Washington Post, makes a case for Greenspan's almost single-handedly engineering the prosperous 1990s. And his assertion that Greenspan sometimes literally gets a pain in the stomach...
...valid votes added to the original machine count. This process should not take more than 48 hours. (It would take less than 24 hours in Canada!) Anyone objecting to it and finding legal reasons for multiple delays and a total recount is a partisan who has a vested interest in the result. If there is serious concern that the machine counts could be so bad that every ballot must be manually recounted, then all the counts by such machines are faulty. RODOLPHE MALTAIS Quebec City...
BONDS ARE BOOMING With the market limping badly and the economy stagnating, inflation-indexed Treasury bonds are gaining some momentum. The bonds, first offered last year, are increasing in yield, as expected easing of the Fed's interest rates has bolstered demand in recent weeks. Certainly, inflation is no big deal and no big scare, but it's still there. With these indexed bonds, the Treasury adjusts the principal annually in accordance with annual cost of living increases, so interest payments, like Social Security checks, provide a current-value source of steady income. It's a no-lose deal, which...