Word: chairman
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Dates: during 1990-1999
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...heating up. The run-up in the stock market since 1994 has added an extra $10 trillion to the assets of American households. And Washington's success in finally reversing three decades of government deficits has opened up a new era of "surplus politics," says Robert Hormats, vice chairman of Goldman Sachs International, "which is a huge change in the nature of our economy and politics." He predicts the American economy will grow a healthy 2.6% this year, down from about...
...seem in a rush to move anywhere. Partly this is their engagement in the process. It is also something else. When the three talk about their "special" relationship, they are hinting at how fortunate it is that they can work together instead of apart. Says Robert Hormats, vice chairman of Goldman Sachs International: "There have been moments in the past year when it has been, as Churchill said, a very near thing. These guys kept a near thing from becoming a disaster." That has happened because the men feel that being at the right place at the right time also...
...attack on roads and mines, however, that has made him a lightning rod for industry critics and their powerful congressional allies. "His objective is to terminate harvesting in the national forests," fumes Alaska's Frank Murkowski, chairman of the Senate's Energy and Natural Resources Committee. Murkowski and others have grilled Dombeck in more than 20 hearings, demanded thousands of documents and ordered a major investigation of his agency...
JOSHUA COOPER RAMO, editor of TIME's World section, takes you inside the most powerful economic triangle in Washington in this week's cover story on the Committee to Save the World, a.k.a. Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers. As volatility has upset foreign markets and economic models, the three men have forged a unique partnership to prevent the turmoil from engulfing the globe. "They are motivated by the prospect of confronting entirely unprecedented economic challenges," says Ramo. Reporting this tale proved a challenge too. Ramo followed Summers to Russia this summer...
...urgent trade, only to be greeted by a constant busy signal? That's what happened to E*Trade customers for three days last week when a software glitch prevented the site from executing trades for an hour or two. The incident, which came only a week after SEC chairman Arthur Levitt warned traders about the dangers of Net stock mania, spurred New York State's attorney general to launch an investigation into the booming industry. Some online brokers, hit with a flood of service complaints, are trying to temper customer enthusiasm: Waterhouse Securities prohibits Web trading of certain volatile...