The political crisis has been going on for months, leading to worldwide turmoil.

"In the face of worldwide economic turmoil," Mr. Clinton said at the White House yesterday morning, "our economy remains the strongest in a generation."

Indeed, I suspect that there are very few people or institutions unaffected by these last months of worldwide turmoil and uncertainty.

One reason is that a move by the Fed could add to the worldwide turmoil.

Lehman Brothers Holdings reported yesterday a 23.4 percent decline in third-quarter earnings from a year ago, saying that worldwide financial turmoil had buffeted its bottom line.

Today the world economy is in crisis and cries out for American leadership, without which worldwide turmoil is a grave possibility.

However, a decrease in enrollment was felt in the late 1970s due to a worldwide economic turmoil and as demand for nurses in foreign lands declined.

A LEADING forecaster of advertising spending has raised his estimate for 1999 after cutting it earlier because of concerns about the worldwide economic turmoil last fall.

Our basis is a good one, reliable and stable, and we can see how important this is in view of the worldwide turmoil around us.

"The world economy is in crisis and cries out for American leadership, without which worldwide turmoil is a grave possibility," Mr. Schumer said.