Word: bias
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Dates: during 1990-1999
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Berkowitz claimed in his grievance that four ofthe five professors who served on his ad hoccommittee "showed bias, conflict of interest, orlack of relevant expertise...
...general counsel refused to disclose what investigation she had made. We then investigated on our own. We found that members of the ad hoc committee that advised President Rudenstine on my tenure displayed bias, were entangled in conflicts of interest and lacked relevant expertise. And we found no evidence whatever that the general counsel had, despite her assurances, conducted an investigation. We made our findings public, , and openly prepared to return again to the committee of the governing boards with our evidence...
Rather, my appeal challenges a process in which extreme secrecy is used to cover bias, conflict of interest, lack of competence and an utter absence of accountability...
...Greenspan is watching. Just as nearly everyone expected, the Fed passed on an interest-rate hike Tuesday; however, it did shift its "policy bias" from neutral to slightly worried. "While the FOMC [Federal Open Market Committee] did not take action today," the Fed said afterward, "the committee was concerned about the potential for a buildup of inflationary imbalances that could undermine the favorable performance of the economy." Though they couldn't have been surprised, stock marketeers did gulp a little, sending the Dow down 50 points or so after the afternoon announcement. By the end of trading...
...PermanentlyMoved PermanentlyFortune Investor DataThe overall outcome? Don't sweat it, folks. "Once they digest this news, the markets will go right back up," says TIME senior economics reporter Bernard Baumohl. "What they'll realize is that only once in recent memory did the Fed actually raise rates following a bias shift in that direction." Of course, this walk-on-water economy of ours hasn't given Greenspan cause to raise rates in quite a while either; the fear is that that could change. Baumohl says Greenspan, as always, will wait and see. "Those price numbers were just the whiff...