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...This was the part that scared off Alan Greenspan last year. Purists feel that government investment of such a huge pool of money in the markets, even in a broad-based mutual fund run by a blind trust of sage bankers, amounts to state ownership of private businesses. Of course, investment decisions made by market professionals instead of private citizens with day jobs are more likely to pay off reliably in the long term. But the administrative tangles and potential conflicts of interest - as companies vie for the attention of the fund's directors - have nudged this proposal...

Author: /time Magazine | Title: Bush, Gore and Social Security | 5/17/2000 | See Source »

...Alan Greenspan's implacable program of interest rate hikes may have its disbelievers in Congress and on the CNBC pundit scene, but the financial markets are not among the heretics. So it was that Wall Street continued to rally as the Fed voted to raise short-term rates not just 25 but 50 basis points at its meeting Tuesday, the latest attempt to hamstring the swaggering U.S. economy just enough to keep inflation at bay. Businesses, especially capital-intensive ones like the dot-coms, have no love of more expensive money. But Father Greenback has sold the markets...

Author: /time Magazine | Title: Markets on Fed Day: Half Point or Bust | 5/16/2000 | See Source »

...published letters that criticized Federal Reserve Chairman Alan Greenspan's recent actions and their effect on the stock market [LETTERS, April 3], but many people have not considered Greenspan's uncanny ability to see into the future. When his actions impact the dollar, critics say nothing, but when they affect markets around the world, then all of a sudden people are full of ideas about how things should be handled. Bashing Greenspan is not productive; why not be patient? Deep down, we know that he sees the whole picture and that he won't let us down. JAMES FOX Dundalk...

Author: /time Magazine | Title: Letters: May 15, 2000 | 5/15/2000 | See Source »

During the meeting, Ginsburg told me I'd definitely be accepted. Though he mentioned spanking a lot, Friar Ginsburg said the only hazing would be having a half-hour conversation with Alan King during which I'd not be allowed to fall asleep. Ginsburg spent most of the time selling me on the club, saying it was great for networking. Sure, if I wanted...

Author: /time Magazine | Title: Take My Membership. Please | 5/15/2000 | See Source »

...running for president. I thought to myself: This is surely a small, defining moment in the evolution of the New York Times. Normally "the newspaper of record" reserves that central plot of the front page for news of some seriousness and prestige - a war, a merger of corporate giants, Alan Greenspan's blood pressure. But here, in the space set aside for Big History, was the story of Rudy's domestic untidiness - all strictly tabloid, from the pix to the quotes to the heds...

Author: /time Magazine | Title: Has the N.Y. Times Gone Tabloid Over Giuliani? | 5/12/2000 | See Source »

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