Word: alanes
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Manuel J. Lim, secretary to Frankfurter Professor of Law Alan M. Dershowitz, says he came to the job having no interest in law as a career...
...last week's Wall Street free fall went some way to persuading Alan Greenspan not to continue hiking interest rates, Thursday's record employment figures may make him think again. On Thursday Chairman Alan received the latest indication of an overheating economy when the Labor Department reported that fewer Americans have filed joblessness claims in the past month than at any time since Richard Nixon's first term. "These numbers show us that we're clearly scraping the bottom of the labor pool," says TIME senior business writer Bernard Baumohl. "It means that we're probably going...
...order to stabilize the stock market, he told a Senate subcommittee that it's not the Fed's job to safeguard the stock portfolios of day traders. Translation: Securing traditional economic indicators, such as inflation, take precedence over what he's termed the "irrational exuberance" of day traders. "Alan Greenspan has always believed that at some point when the demand for wages exceeds supply it will lead to increased wages and then increased costs to consumers," says Baumohl. "For that reason we can expect another interest rate hike in May, but in light of these new statistics, the question becomes...
...panel along with Mineta, a former member of Congress, were L. Ling-Chi Wang, chair of the ethnic studies department at the University of California, Berkeley, and Alan K. Simpson, director of the Institute of Politics and a longtime friend of Mineta...
What the dollar giveth, the dollar can also take away. And the value of America's coin of the realm may begin to assume greater prominence in the calculations of Fed chairman Alan Greenspan, as he computes the new record high in the U.S. trade deficit announced Wednesday. The $29.2 billion figure for February was almost $2 billion up from the previous month, and even though the oil-price hike was responsible for a substantial portion of the difference, the figure remains untenably high...