Word: bernard
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Photographer David Hilliard, who taught a VES photograph class at Harvard this fall, talked about his new work now showing at Bernard Toale...
...Greenspan is concerned that demand for products and services is growing at a faster pace than the economy can supply," says TIME financial writer Bernard Baumohl. "That's the formula for inflation." This rampant demand, notes Baumohl, is based largely on the success of the stock market, in which an unprecedented percentage of Americans now have a stake. "The Fed sees the stock market leading consumers to act in a way that may not be rational," he says. "Consumers check their portfolios and see gains, and spend money based on those gains before cashing in their stocks." That...
...company through whose accounts the illegally transferred billions were moved, pleaded guilty in New York to money laundering charges. "Presumably, the government is going to try and get them to cooperate and tell investigators how this money laundering scheme worked, what its mechanisms were," says TIME senior business writer Bernard Baumohl. "And obviously they'll be looking to discover whether there was a much larger web of people involved - either Russian officials surreptitiously moving out money, or other international banking figures...
Embarrassment isn't a strong enough word for what the department's top brass is feeling. While Police Chief Bernard Parks blames an undersized internal affairs budget for the LAPD's inability to self-police, the department has spared no expense investigating Perez's leads into erroneous convictions. Investigators visited jails throughout California and as far away as South America to corroborate Perez's stories with suspects he said were wrongly convicted, and they have thus far produced 99 cases in which they're confident Rampart CRASH produced bogus convictions. L.A. County D.A. Gil Garcetti believes there could be thousands...
...married couples each year. President Clinton has vowed to veto the act, but House Republicans are chalking up a victory anyway. "This has been a Republican sticking point for a long time because they know how popular it could be with the electorate," says TIME senior economics writer Bernard Baumohl. "And now it looks like the Democrats have decided to capitalize on the national mood and come up with their own - albeit less generous - version," worth roughly $95 billion...