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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Things obviously got away from them. But by acting in such dramatic fashion, the Fed sent a loud signal to participants in both the financial and the business sectors that the Fed will fight the threat of recession as vigorously as it fought the threat of inflation.
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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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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.
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These numbers are as close to perfect as you can get from a Fed point of view.
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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.
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The fear is that landslides will further hamper our operations,
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Importantly, on a year-over-year basis, the core CPI continued to inch higher,
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Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
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It seemed serious that he fired bullets into the trailer. One had gone clear through the other side.
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It will no doubt buoy forecasters who see the recent slowdown in the economy as a temporary affair -- which includes the Fed,
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They decided they were going to go and get some revenge.
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(Fed Chairman Alan) Greenspan thinks consumer confidence is important, and if he thinks so I guess we should think so,
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While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.
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As is evident, a clear deceleration appears to be underway. The gain was not large enough to recoup the 13.1% month-over-month decline in July.