Word: speeding
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Dates: during 2000-2000
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...wooden chair in the living room while Rah and her daughter go into the other room to change. You look around. On the wall there's a platinum record Rah was awarded for her work on The Score. In the kitchen--it's a kitchenette, really--there's a Speed Queen washing machine sitting atop four bricks. In one of the two bedrooms--actually a bedroomette--there's a small wooden bunk bed. The living room--which is only a little larger than a changing room at Banana Republic--is dominated by a large black couch, a 52-in. Zenith...
...week up 4.9%; the supercharged NASDAQ rose 3.4%. That may only strengthen Greenspan's resolve. To be sure, the economy has been dangerously robust the past couple of quarters. And the gross domestic product is expected to rise 4.1% this year, well ahead of the Fed's presumed "speed limit" of around 3.5%. The torrid growth rate is what Greenspan cites most often when justifying rate increases...
...warns TIME senior business writer Bernard Baumohl, if the Fed misinterprets the signs - which it might well do - it could plunge the economy into a recession. "We have an ideal situation here where the economy is growing at twice the speed limit set by the Fed, and yet inflation pressures are actually diminishing," says Baumohl. "That challenges the Fed's basic assumption that the economy can't experience prolonged growth above 3.5 percent without inciting inflation. That's exactly what we've seen for several years now, but Alan Greenspan still believes we're overheating...
While they may be comforted by this support, Smith & Wesson officials were probably taken aback by the alleged attack, says TIME correspondent Edward Barnes. "I think they were pretty surprised by it, and the government's speed of reaction indicates they weren't expecting such a strong rejoinder either." In the long run, says Barnes, the rest of the gun industry will probably fall in line with Smith & Wesson as they slowly acknowledge the turning tides. But in the meantime, it appears they're doing everything they can to make it clear that cozying up to the government...
With warp speed, Saylor's proposal became the talk of the highest ivory towers. And the reactions were mostly of the unpublishable kind. "Saylor's naivete is breathtaking," says David Noble, a history professor at Toronto's York University and a sharp critic of distance learning. "It's the quintessence of counterfeit education." Adds Carole Fungaroli, an English professor at Georgetown: "It's the same as sex on the Internet. You can get it online, but it's not as good as in person...