Word: alan
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...Unlike many prominent American leaders, Kissinger has never appeared at the Institute of Politics (IOP). His one contact with the University's primary forum for political discussion was a private luncheon at the personal behest of IOP Director Alan K. Simpson, a former Republican senator...
Ecstasy is popular because it appears to have few negative consequences. But "these are not just benign, fun drugs," says Alan Leshner, director of the National Institute on Drug Abuse. "They carry serious short-term and long-term dangers." Those like Leshner who fight the war on drugs overstate these dangers occasionally--and users usually understate them. But one reason ecstasy is so fascinating, and thus dangerous to antidrug crusaders, is that it appears to be a safer drug than heroin and cocaine, at least in the short run, and appears to have more potentially therapeutic benefits...
...spring. To keep their own currency up, the Europeans especially have felt pressure to hike their own rates along with Greenspan, thus endangering the nice little expansion they've got going over in euroland. Now everybody from Wall Street to Wittenberg figures they can relax a little, because Uncle Alan has maybe one more hike in him -- a quarter-point at the end of June -- before he settles in to watch Campaign 2000 on TV. His job, after all, is safe for another three years...
Such high-stakes crapshoots are routine for the FOMC, a secretive body whose ability to raise or lower interest rates makes it perhaps the second most powerful group of appointees in Washington--behind only the Supreme Court. Led by Federal Reserve Chairman Alan Greenspan--the one member with star wattage--the panel gathers eight times a year around a 27-ft. 11-in. black granite and mahogany table to issue diktats that are feverishly parsed on Wall Street and around the world. The members are the seven Fed governors, plus five of the 12 regional Federal Reserve Bank presidents...
Maybe now we'll take Alan Greenspan seriously. A perpetual pessimist, the Fed chief has for the past year been nipping at inflation he sees hidden in the economy's weedlike growth. Last week, though, he got serious, boosting interest rates a convincing half a percentage point, to 6.5% on the benchmark short-term federal funds target rate, and making it clear that more increases are to come...