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...Chairman Alan Greenspan called the U.S. economic outlook "as bright as it has been in decades," but sent the signals investors hate most: the Fed might again take steps to prevent inflation by boosting interest rates. Treasury Secretary Lloyd Bentsen, trying to stand tall a day after the dollar sank to a post-World War II low against the Japanese yen, vowed action if needed to bolster the greenback. Economists said the two men are in a bind: allow the dollar to fall further, and potentially provoking inflation, or raise interest rates and dampen U.S. economic growth...

Author: /time Magazine | Title: ECONOMY . . . WALKING THE INTEREST-RATE TIGHTROPE | 6/22/1994 | See Source »

...Guam has a reef all around it," Cole says. "Myboat got stuck on the reef. I opened the ramp tolet the soldiers out. The water came in, and theboat sank," Cole says. The boat was latersalvaged, he says, because "the water was not verydeep...

Author: By Emil J. Kiehne, | Title: Away From College, Vets Get Education | 6/7/1994 | See Source »

...fiction has been duly registered. More recently, Brent Staples, an editorial writer for the New York Times, objected in a memoir to the portrayal of a black man in Mr. Sammler's Planet, and in March, critic Alfred Kazin wrote in the New Yorker that "my heart sank when I heard that Bellow once asked, 'Who is the Tolstoy of the Zulus? The Proust of the Papuans...

Author: /time Magazine | Title: BOOKS: Knocking Away the Pigeons | 5/9/1994 | See Source »

Even with a Democratic-controlled Congress, Clinton learned in the first 100 days that it takes only 41 unified Senate Republicans to slam the brakes on popular legislation. And they can usually count on a few renegade Southern Democrats to join them. The G.O.P. sank Clinton's $16.3 billion economic- stimulus plan last year, routinely stalled or blocked high-profile nominees and delayed passage of bills like the Family and Medical Leave Act, the Brady handgun-control bill and a measure to ease voter registration...

Author: /time Magazine | Title: The Retirement Crisis | 5/9/1994 | See Source »

...stomach sank. Alexis told us of the overtime finish, of the breakaway goal that beat Aaron Israel, of the crock of a five-minute penalty assessed to the Crimson's Kirk Nielsen late in the game, of Lou Body's back injury that robbed Harvard of a critical defenseman as fatigue became a factor...

Author: By Darren Kilfara, | Title: Despair, From A Distance | 4/5/1994 | See Source »

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