Word: panelling
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Dates: during 1990-1990
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...tidings will probably be grim at least until the middle of next year, according to the consensus of a panel of five leading economists who gathered in Manhattan this month for a TIME economic forum. "We have a moderate, potentially severe recession on our hands," said Allen Sinai, chief economist for the Boston Co. Economic Advisers. "The economy is showing signs of caving in, almost falling off a cliff, as so often is the case once a full-fledged recession begins." If the conditions seem particularly bleak, he noted, "that is because we are in the heart of the slide...
...gross national product will shrink at an annual rate of 2.5%, after adjusting for inflation, in the fourth quarter, and show smaller declines in the first half of next year, according to TIME's panel. (The economy grew at an anemic 1.4% rate in the July-September quarter.) The downturn would meet the official definition of a recession, which is at least two straight quarters of falling GNP. The panel said the U.S. appeared likely to resume slow growth by mid-1991 as the Federal Reserve Board lowers interest rates to stimulate business activity. That scenario would amount...
...TIME panel of five leading economists foresees only a moderate U.S. downturn. But the experts warn that a bank crisis or a protracted Persian Gulf war would bring a deeper slump...
This time it is clear that the White House is hoping for a more balanced presentation of the evidence. The draft's release was reportedly delayed at the request of Allan Bromley, President Bush's science adviser, who asked that it be reviewed by another scientific panel and prefaced with a statement that qualifies the conclusions. In an interview with TIME, Bromley made it plain that he believes the EPA's findings of a "positive association" between electromagnetic fields and childhood cancer are "quite incorrect." "There's no scientific basis for that statement at all," says Bromley. "What...
...eventually become necessary, the passage of time would favor the anti-Saddam alliance because Iraq's war machine would have deteriorated so badly. That view contrasted sharply with the one put before the same House committee two days earlier by Secretary of Defense Dick Cheney. He told the panel that delay would only give the Iraqi military more opportunity to strengthen its defenses in Kuwait and southern Iraq. Webster had other concerns about the effect of delays, however. During closed-door sessions of the House hearings, he reportedly told the committee he feared that the international coalition lined up against...