Word: consensus
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...Greenspan as the sole author of interest-rate policies, insiders and Fed watchers know that is hardly the case. Greenspan, actually considered a moderate among the group's inflation hawks and doves, is clearly first among equals and exerts a considerable influence over the FOMC. But as a careful consensus builder, he is also at pains to stake out positions that the rest of the committee can live with--and thereby avoid any risk of being embarrassed by a close vote. "There is a limit to how far the chairman's influence can be extended," Fed governor Laurence Meyer recently...
...other, a fireplace with a bronze sculpture of Demeter, the Greek goddess of agriculture and fertility.) Instead of taking his usual place at the head of the table, Greenspan pulled out a chair in the middle--a move that highlighted his desire to forge a consensus but set off a round of musical chairs to preserve the customary seating plan in relation to the chairman...
...sign of dissent from the doves. "In the old days," says economist Kevin Flanagan of Morgan Stanley Dean Witter, "there was a debate over who was an influential hawk and who an influential dove." But today, Flanagan notes, any policy disagreements tend to vanish into Greenspan's carefully nurtured consensus. Concurs Fed governor Meyer, who has a reputation as a hawk's hawk on inflation: "Many members will voice some disagreement with the chairman's view in the go-rounds. But many of those will vote with the chairman...
...full burdens of citizenship, such as federal income taxes. It has also left them with a murky political identity, fractured among those who want independence, statehood or the status quo. Vieques, and the crusade to halt the bombing there, "marks the first time Puerto Ricans have formed a consensus on anything," says demonstrator Jose Antonio Rivera, 51, a music teacher. Puerto Rico's status won't change anytime soon, and the standoff was in many ways a radical-chic stunt by Puerto Rico's small pro-independence movement. But something has changed: now, Puerto Rico wants to speak more...
...consensus among computer-security experts is that the Love Bug is the biggest virus outbreak in history--"by at least threefold," says ICSA.net's Tippett. Agrees McAfee president and CEO Gene Hodges: "It's clear at this point that this is the most damaging and the most widespread virus outbreak ever." Symantec's Moritz is more cautious, conceding that it is No. 1 in numbers and rate of spread, but for sheer destructiveness he prefers last year's Explore.Zip, an especially vindictive virus designed to destroy Microsoft Word, Excel and Powerpoint files...