Word: chairman
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Dates: during 2000-2009
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Does this sound familiar? The financial history of the past decade is replete with echoes of Fisher's colossal 1929 miscalculation. A brilliant Fed chairman was credited with banishing panics and ushering in what economists called the Great Moderation. An explosion of financial innovation was deemed to have provided investors, corporations and banks with new ways of managing risk. Prices of stocks, houses and other assets rose to levels that were high by historical standards--but who was to say the market was wrong in fixing those high values...
...information. They regulated global economic affairs with a swiftness and decisiveness that governments couldn't match. And then, as debt markets began to freeze up in 2007, suddenly markets didn't do any of these things. "The whole intellectual edifice collapsed in the summer of last year," former Fed chairman Alan Greenspan said at a congressional hearing in October...
...studies, HSR would generate up to $42 million a year from an annual ridership of almost 3 million (or 4 million if tourists are included) vs. up to $36 million in operating costs. As for the state's inability to provide commuter lines to complement HSR, authority chairman Lee Chira calls it a chicken-and-egg debate: establishing one kind of line, he insists, "will lead to building the other. Since federal dollars are paying for the high-speed, doing this first is a no-brainer...
...have some concerns, if they were to launch a missile to the west in the direction of Hawaii," he added. "We are in a good position, should it become necessary, to protect Americans and American territory." If a North Korean shot somehow draws close, Marine General James Cartwright, vice chairman of the Joint Chiefs of Staff, said on June 16 that he felt "very comfortable," predicting that existing U.S. missile defenses have a 90% chance of destroying it in flight...
...past week to protest the presidential-election results, exiled opposition group the National Council of Resistance of Iran (NCRI) saw its moment. "This uprising is the result of 30 years of murder, oppression and corruption by an Iranian regime we've dedicated our entire lives to fighting," Mohammad Mohaddessin, chairman of foreign affairs for the Paris-based group told TIME. "Even if protesters aren't calling for [the NCRI] to take power, it's only natural that, given our organization's experience, our clandestine networks are playing an important role informing and assisting the Iranian people to achieve its desire...