Word: banker
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Considering that many economists never believe such long-range forecasts, Greenspan's defense left many observers shaking their heads. His argument that he supported tax cuts only in general--not the Bush tax cuts--has also tarnished his credibility. "What the U.S. needs is a truly politically independent central banker," says Morgan Stanley chief economist Stephen Roach. "When Greenspan expresses his opinions on nonmonetary policy issues, whether he wants to admit it or not, he becomes identified as an advocate and it influences the decision making...
HIRED. NICK LEESON, 38, former expatriate banker in Singapore who brought about the collapse of the U.K.'s Barings Bank in 1995; as commercial manager of soccer club Galway United; in Galway, Ireland. Leeson, whose autobiography Rogue Trader became a best seller and was made into a movie starring Ewan McGregor, has been in demand as a speechmaker since his release from prison in 1999. The Galway appointment is his first new job in a decade...
...roughly 85% of the population has gone back to subsistence farming. Meanwhile, the nationalized industries are working at only about 20% of capacity. Tanzania's expensive 1979 military intervention in neighboring Uganda to topple the brutal dictatorship of Idi Amin further accelerated the economic decline. Says one international banker: "The place is an economic basket case...
...once, no one voiced the cry "Vote Cuban," nor did the finalists compete in denouncing Castro. Instead, they talked about crime prevention and garbage collection. Banker Masvidal, a self-made millionaire and veteran of the Bay of Pigs invasion, inherited most of the black vote that had supported Ferre, but other voters may have perceived him as a bit too elitist. "I was viewed as the populist," says Suarez, who happens to be a Harvard-educated lawyer. He scored heavily among Cuban and other Hispanic voters and also took a majority of Anglo ballots. Shouted a supporter at his inauguration...
...began talking about new ways of doing things. Sponsored by Presidential Hopefuls Jack Kemp, a Republican Representative from New York, and Bill Bradley, a Democratic Senator from New Jersey, the two-day conference attracted such luminaries as Jacques Attali, counselor to French President François Mitterrand, New York Investment Banker Felix Rohatyn and Yusuke Kashiwagi, board chairman of the Bank of Tokyo. No agreements were reached, but a consensus emerged: more must be done to narrow currency fluctuations...