Word: explainers
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...totally indefensible. But the most interesting part, to me, is how he moved from national hero to national villain. That transformation was quite dramatic. To me, Mugabe in 1980 was totally different to Mugabe in 2000. That transformation is something that preoccupies Western countries. And I can't explain...
Studying a combination of factors can help explain why some kids are more likely to develop asthma than others, says Rob McConnell, lead author of the study, published in Proceedings of the National Academy of Sciences. "Childhood asthma is a complex disease and probably has many contributing causes," he says. "This study provides another clue as to what might be causing it." (See nine kid foods to avoid...
Current Fed chairman Ben Bernanke has had to explain himself on Capitol Hill a lot more often than that. As Bernanke waited to give his semiannual Humphrey-Hawkins testimony before the House Financial Services Committee on the morning of July 21, Alabama Republican Spencer Bachus thanked him for his "willingness to make yourself available on countless numbers of occasions." Since February, the Fed chairman has been called to testify about Bank of America's takeover of Merrill Lynch, the government's bailout of AIG, the federal budget deficit, the Fed's various new lending programs and the economic outlook...
Ever since 1978, when President Jimmy Carter signed the Full Employment and Balanced Growth Act (a.k.a. the Humphrey-Hawkins Act) into law, Federal Reserve chairmen have had to troop before Congress twice a year to explain themselves...
...this willingness to explain policies and chat with Congress about them hasn't endeared Bernanke and the Fed to all its members. Far from it. After thanking Bernanke in his opening remarks, Bachus - the ranking Republican on the committee - went on to complain that the Fed had taken on too much authority and should restrict itself in the future to setting monetary policy. Texas Republican Ron Paul, whose calls to abolish the Fed have gotten more attention lately than they used to, claimed that "the Federal Reserve, in collaboration with giant banks, has created the greatest financial crisis ever seen...