Word: alanes
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Interest may linger, but in the end the most important factor affecting philanthropy toward Harvard will be the economy, a reality not lost on those who toasted Neil Rudenstine and Alan Greenspan in the same breath...
Later in the program, historian Doris Kearns Goodwin and IOP Director Alan K. Simpson will join Matthews and Ventura onstage as guests...
...Alan E. Wirzbicki '01 is a history and literature concentrator in Eliot House. His column appears on alternate Tuesdays...
After months of fussing and fretting that the Fed would raise interest rates, the markets finally let their guard down ? and got a nasty shock. No, Alan Greenspan didn?t hike 'em a third straight time. But he let everybody know he?s watching, moving the Fed?s bias toward tightening and sending a recently resurgent Dow into an instant 100-point mini-tailspin (thus smothering an earlier rally and ending the day even). "It?s a clear signal that the bank is concerned that the economy isn?t slowing down fast enough," says TIME senior economics correspondent Bernard Baumohl...
...Alan?s cautiousness set us up for another black autumn? Baumohl doubts it. "The markets had factored in a no-hike with a neutral bias, so this was a sell-off on the surprise," he says. "But when they realize that no hike is still no hike, they?ll get over it." They?ll have time ? Baumohl expects the Fed to stand pat on the bias all the way until spring, thus making sure there?s plenty of money lying around in the credit markets for any Y2K foofaraw. Of course, unjustified fretting is always a possibility...