Tax-cut mania and the economy in the late 1990s
Steven Rattner argues that deficit reduction spurred lower interest rates and an investment boom, while cautioning against a large short-term tax cut. He notes the Fed’s rate cuts stabilizing markets, the 266 billion projected surplus mainly in Social Security and Medicare, and warns fiscal discipline should guide any tax relief amid a mild recession outlook.
MENTIONED IN THIS ARTICLE
Federal Reserve
Congress
Bush
Fed
Morgan Stanley
Dean Witter
Clinton
Rory's Random Walk Down Wall Street book review
A North Carolina author explains investing to preschoolers in Rory's Random Walk Down Wall Street. The tale follows Rory and friends as they visit Wall Street learning basic trading ideas and the value of investing for the future.
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New York Stock Exchange
North Carolina
Rory
Wall Street
Playgroup Press
Amy Doherty
Morgan, Chase
Sally
Mark McGwire
Chase
Morgan
Dr. Seuss
Greenwich
Conn
Doherty
Jane
Almanac Highlights January 25 Through History
On this day in 1915 Bell demonstrated transcontinental telephone from New York to San Francisco. Creedence Clearwater Revival released Proud Mary. Iran hostages returned to the U S in 1981 after 444 days. Births include Burns Woolf Maugham and Shevardnadze. Foreman KOed Lyle in 1976. Moon phase noted.
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Alexander Graham Bell
New York City
San Francisco
Creedence Clearwater Revival
Iran
United States
Robert Burns
W Somerset Maugham
Virginia Woolf
Eduard Shevardnadze
Dinah Manoff
George Foreman
Ron Lyle
Paige scrutiny for education secretary nominee
Russell Contreras notes that Rod Paige, picked by President elect George W. Bush for secretary of education, faced criticism in Houston. Critics say rewards tied to test scores pushed teaching to the test and alienated Latino parents, with concerns about inclusivity and policy input.
MENTIONED IN THIS ARTICLE
Rod Paige
George W. Bush
Paige
Houston Independent School District
Houston
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Almanac
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Sec’y of Education
Russell Contreras
New York
Elyria
Holiday Inn
Lorain Boulevard
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Midway Mall
Visamc
AmEx
Ronald
Garavel
Corporation
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