Word: chairman
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Federal Reserve Chairman Ben Bernanke told Congress on Tuesday morning that the economy is likely to pull out of the recession and start growing later this year. This in itself isn't news - Bernanke has been saying the same thing for months. What's news is that people are starting to believe...
Privately, some Democrats on Capitol Hill say they fear the negotiations currently underway are drifting. And some on the left are worried that Finance Committee chairman Max Baucus is being too solicitous of the Republicans...
...Restoring it is now vital. Part of that responsibility lies with the lenders themselves. "Banks need to know their business," said John McFall, chairman of Britain's Treasury Select Committee, during a recent debate on trust and financial markets organized by the Fabian Society, a left-leaning London think tank. In future, bosses ought to know their CDOs from the CDSs, McFall said, and not leave such understanding to the banks' "35-year-old Ph.D.s." Reining in sky-high bonuses, boosting capital reserves and sharpening risk management won't do any harm to public trust, either...
...Notably absent from the NCNA's membership are Alaska Governor Sarah Palin, (her former running mate, McCain, is a member), former Speaker Newt Gingrich, GOP chairman Michael Steele and potential 2012 presidential candidates Governors Mark Sanford of South Carolina and Tim Pawlenty of Minnesota. Gingrich already leads his own such group, as does the Republican National Committee and former RNC chairman Ed Gillespie...
...Ironically, Vietnam's practice of reproducing noteworthy works was originally carried out to rescue the country's artistic heritage during wartime. "The Americans said they were going to bomb Vietnam back to the Stone Age, to wipe out Vietnamese culture," says Nguyen Do Bao, chairman of the Hanoi Fine Arts Association, who was a young museum staffer in 1966 when the first B-52s appeared overhead. "It was a national imperative to keep the museum open." So the staff - and in some cases, the artists themselves - started to make copies. The reproductions stayed in Hanoi while the originals were spirited...