Word: wages
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Dates: during 2000-2000
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...would have been difficult for even the most agile politician to wage a war in such unfamiliar territory, especially on so many fronts: waging an uphill battle with the legal system, closing the ranks of a Democratic Party whose support for him had always been tenuous and quelling the perception that George W. Bush had won the election--one thing Gore's advisers blame on the television networks' erroneous declaration of Bush's win on election night. Just as difficult, Gore strategist Carter Eskew says, were "the odds of fighting a system that has a perhaps understandable desire for finality...
What's at stake can be seen clearly at St. Adalbert's School, on a dreary back street in Cleveland's Fairfax neighborhood--a precinct seldom visited by snowplows, where many residents work at low-wage jobs or are unemployed. Yet students at St. Adalbert's sport crisp uniforms and each morning recite the Lord's Prayer together. Discipline is tight; the courses are rigorous. It's not hard to see why so many parents view this place--and the voucher program that has brought their kids to it--as a lifeline...
...Greenspan, who hiked interest rates six times to head off wage pressures and inflation, do his job too well? The Commerce Department on Thursday revised third-quarter economic growth Thursday down to 2.2 percent, the lowest since 1996 and a far cry from Q2's 5.6 percent. And barring a Christmas retail-sales miracle this weekend, Q4 isn't looking much better. Consumer confidence is down. Auto sales are down. Everything is down, except unemployment...
...Sharon will wage pretty much the same campaign as Benjamin Netanyahu would have, although the former prime minister's disastrous first term would have offered a bigger target for Barak's attack dogs. Instead, they'll blame Sharon for the Lebanon war, which Barak ended last June in a move that was welcomed by Israelis across partisan lines. And they'll charge that the methods that have earned Sharon the nickname "The Bulldozer" are unlikely to bring peace. But Sharon's team will hammer Barak on the breakdown of the peace process, accusing him of dangerous...
...Greenspan already saved the world once in the fall of 1997, swooping in with rapid-fire cuts when the ruble imploded and Long Term Capital fell. He figured he was saving us again in 1999, this time from wage-induced inflation, with six rate hikes that ended with a half-point flourish in June 2000. And since he's been on a soft landing of his own, leaving rates alone while slowly climbing down from his inflation-watching perch...