Word: chairman
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...Robert Atlas, chairman of the obstetrics and gynecology department at Baltimore's Mercy Hospital, says he has never encountered a case of superfetation during practice. He says such pregnancies occur when a woman continues ovulating after becoming pregnant and when that second, fertilized egg is able to implant itself in the lining of the womb - two things that wouldn't happen in a normal pregnancy. Typically, hormonal changes prevent further ovulation and thicken the lining of the uterus to preclude a second embryo from attaching. Why didn't that happen with Grovenburg? No one's really sure...
...odds with France and Germany, who are more skeptical about the benefits of unfettered capitalism and hope to win votes at home by controlling its excesses. But even among native English speakers, there's an intriguing debate taking place about the limits of finance, spearheaded by Adair Turner, the chairman of Britain's market regulator, the Financial Services Authority. To the dismay of some in the City of London, he is arguing forcefully that the financial sector in Britain has "swollen beyond its socially useful size...
...Bernanke uttered the words after a speech at the Brookings Institution, the Washington think tank. Strobe Talbott, the Brookings president, had asked the Federal Reserve chairman about the employment outlook. It took Bernanke 417 words to answer him, and his basic message was that the outlook wasn't so good. But along the way, he said two things that made front-page headlines the world over. "I've seen some agreement among the forecasting community at this point that we are in a recovery" was the first, and "From a technical perspective, the recession is very likely over at this...
Stop the presses: the Fed chairman says the recession is over and the recovery has begun! Never mind that, as Bernanke noted, this is by now common opinion among economic forecasters--and has been for weeks. Also never mind that Bernanke's prediction record as Fed chairman hasn't been stellar. This is the man, after all, who told Congress in March 2007 that "the impact ... of the problems in the subprime market seems likely to be contained...
...nonetheless making a big deal out of the Fed chairman's words? Partly because he's powerful. Bernanke's opinions on the economy's future shape the U.S. government's decisions about interest rates, bailout efforts and the like. Right now the main monetary-policy debate is between those who think the recovery will be weak and fitful--and thus the Fed should keep doing what it can to stimulate the economy--and those who think it will be rip-roaring enough that further spending would spark inflation. At Brookings, Bernanke seemed to indicate that he stood with the first...