Word: fed
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Dates: during 2000-2009
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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...
...reaction to his statement feels more ritualistic than rational. After all, unemployment is still nudging 10%, and foreclosure rates remain high. Yet the Great Fed Shaman has pronounced the recession monster dead. Let us rejoice...
...death of a U.S. Census Bureau worker in Clay County, Ky., who was found hanging from a tree, reportedly with the word Fed scrawled on his chest, rippled through the national consciousness more than other crimes from rural, tucked-away corners might have. The discovery of the body of Bill Sparkman, 51, a substitute teacher and a field worker for the bureau, comes at a time when talk media, tea parties and white-hot town-hall meetings have fanned antigovernment sentiment. Speculation has run rampant that the Sparkman case may be related to the vitriol. Kentucky, like many other Southern...
...inconsistent with Harvard’s values as stated in its policy on discrimination,” the handbook states. But Mawn said that changes were needed to help people develop different attitudes on the issue. “People who have no connection to the military have been fed all this anti-military propaganda for years,” he said, adding that today’s media has very few positive things to say about the military. “If there was a space on campus where interested Harvard students could go to understand what the military...