Word: alanes
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That joke, making the rounds on Wall Street, is a not-too-subtle poke at Federal Reserve boss Alan Greenspan, who has recently offered some unusual--even heretical--views on why he'll continue to raise interest rates to slow things down...
...Alan K. Long, laboratory director and director of graduate studies in the Department of Chemistry and Chemical Biology, says that the money his department's labs receive from the government comes with many pages of guidelines on its use. Grants from corporate sponsors, on the other hand, are "the best kind of money you can get--no strings attached...
...there is something different about McCain's student supporters. Their cheeks are rosier, their cheering louder, their rowdiness rowdier. And it's not obvious why this is so. Gore and Bradley promise the most money for higher education, Bush is the youngest and (arguably) most charming, and Alan Keyes is, well, Alan Keyes. McCain, meanwhile, is a stodgy veteran who, like Grandpa at the fireplace, never stops talking about "when I was your age?...
...prices, rather than interest rate hikes, may do Alan Greenspan's dirty work on the economy, and that could be bad news for Al Gore. The price of crude oil jumped to $34.13 a barrel Wednesday, an almost 10 percent increase in the space of a week that has Wall Street jittery and President Clinton warning producer nations against continuing to choke the supply. The price has more than trebled over the past year, after oil-producing nations inside and outside the OPEC cartel agreed to cut back production in order to drive prices back up. "Even though...
...time trading was finished for the day, the Dow had plunged 3.7 percent, or nearly 400 points. The downward spiral was aided by the Street's current climate of uncertainty, courtesy of Alan Greenspan's repeated indications that he'll raise interest rates until the stock market bubble deflates. "Greenspan is targeting the NASDAQ, which is totally inflated with all those tech stocks," says Kadlec. "But unfortunately, the Dow is really being caught in the crossfire." But not even the NASDAQ went unscathed today. After surpassing 5,000 for the first time ever in Tuesday morning's trading, the tech...