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...
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The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
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But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'
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Several forecasters have recently indicated they believe the U.S. economy is already in recession,
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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.
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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,
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The data is squarely at odds with the anecdotal evidence one gets from those in the industry,
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It's like the kid doesn't want to take any medicine, but it's good for him, ... It's a little medicine now versus a lot of bad medicine later.
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There's definitely that possibility, although one of the things the Fed wants to get away from is slavishly bowing to that lather, ... I'm still expecting a quarter point cut. There's a concern by some members of the Fed that they risk over stimulating the economy. And if you keep making half-point cuts, you'll run out of bullets pretty quickly.
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We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing.
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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,
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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.
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This report may modestly lower third-quarter real GDP estimates,
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We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.
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We are in the second half of the season, and he needs a bit more speed.