Word: chairman
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Dates: during 1980-1989
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...ghost of Karl Marx was even unhappier than usual last week. In Moscow Alan Greenspan, guru of Republican capitalism and chairman of the Federal Reserve, tutored top Soviet officials in remedial economics. In Hungary the country's ruling party shed its Communist label. And in Caracas ranking socialist leaders of the First and Third Worlds -- President Francois Mitterrand of France, 72, on a tour of Latin America, and President Carlos Andres Perez of Venezuela, 66 -- agreed on the virtues of the free market...
...inflation indicated last week that the U.S. economy may be headed for trouble. The Labor Department said its Producer Price Index rose 0.9% in September, or about 10% on an annual basis, to break a three-month string of declining wholesale prices. Earlier in the week, Federal Reserve Chairman Alan Greenspan suggested that the Fed remains wary of inflation and therefore would be averse to easing interest rates. That was not what Wall Street wanted to hear...
...played a key role in quelling the previous military revolt in March 1988. "Giroldi's a bastard, a sort of mini-Noriega," says a Pentagon official. "Warning signs went up. We feared a Noriega trap." Fueling that suspicion was the fact that two principal U.S. players -- General Colin Powell, Chairman of the Joint Chiefs of Staff, and General Maxwell Thurman, chief of the U.S. Southern Command in Panama -- had taken up their posts just that weekend. The timing of the coup seemed calculated to take advantage of their greenness...
Heavily in debt, Zenith has reported losses in three of the past four years. Says Chairman Jerry Pearlman: "We are a highly leveraged company in two very tough businesses. We really felt we couldn't do either of them appropriate justice." Pearlman had tried to sell the company's TV division, but no buyers were willing to pay the reported $400 million asking price...
Ultimately, the fate of the proposed federal standards depends on the public's concern over the air people breathe. Even corporate giants recognize that they can no longer simply dig in their heels and resist demands for clean air. Chrysler vice chairman Gerald Greenwald noted in August that automakers had hurt their credibility by stubbornly opposing most new regulations. And while GM's Stempel attacked the House vote last week, he acknowledged that the subcommittee had at least cleared up confusion over what the new tail-pipe standards would be. For all its past intransigence, Detroit may be ready...