David Orr
David Orr
David Duvall Orris an American Democratic politician from Chicago, Illinois. He was Alderman of the 49th Ward in Chicago from February 23, 1979 to December 10, 1991. In 1987, he served briefly as Mayor of Chicago after the death of Mayor Harold Washington. Since 1991, he has been County Clerk of Cook County. As County Clerk, he is responsible for the third largest election district in the United States. Orr is a graduate of Simpson College in Indianola, Iowa. In...
bit half needs second
We are in the second half of the season, and he needs a bit more speed.
beginning boom builders considered continue current debt ending explosion fact housing level normalcy prior rather recent return sales serious trend trouble viewed
The fact that the boom is ending should not be interpreted as indicating any serious trouble for builders or realtors -- unless, of course, some overextended on debt in expectations that sales would continue to accelerate, ... Prior to the recent explosion in sales, a level of 700,000 had been considered very strong. The current trend should be viewed as a return to normalcy rather than as the beginning of a housing recession.
ability accelerate concern costs data faster gains generating greenspan labor main markets offset price recent reflect risk thereby thus unit
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
anecdotal data evidence gets odds
The data is squarely at odds with the anecdotal evidence one gets from those in the industry,
altogether opera people soap stage
The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
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In the late 1970s and early 1980s, people were getting 10 percent pay raises. But housing prices were going up 12 to 15 percent, and so were cars.
estimated field food million number people percent quite reached revised security team
Initially, we estimated the number of people in need was about one million and we had reached about 50 percent of them. We've had a food security team in the field and they've revised the estimate up quite dramatically.
close fed numbers perfect point
These numbers are as close to perfect as you can get from a Fed point of view.
degree exactly facing fed funds looks lower ready risks statement sure terms view
The Fed did not lower the fed funds rate, but their statement indicates a 180 degree about-face in terms of their view of the risks facing the economy, ... It looks to me they're ready to do what they have to do when they have to do it. They just aren't exactly sure when they have to do it.
fear further hamper
The fear is that landslides will further hamper our operations,
current financial half housing impact market markets motor negative psychology rising vehicle
In our view, current financial market psychology is under-estimating the negative impact that rising joblessness will have on the housing and motor vehicle markets in the first half of 2002,
continued core inch
Importantly, on a year-over-year basis, the core CPI continued to inch higher,
less percent quarter rate second
Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
affair doubt economy includes recent temporary
It will no doubt buoy forecasters who see the recent slowdown in the economy as a temporary affair -- which includes the Fed,