Word: fed
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Dates: during 2000-2009
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...After the GDP numbers were released, the Fed put out the minutes of its two-day Federal Open Market Committee. At the core of the statement was one of the greatest hedges in recent memory...
...Fed's way of saying, in terms that are hardly subtle, that if its programs to improve the credit markets, the Treasury's plans to help banks and the auto companies, and the Administration's budget and stimulus package works, then the American economy will walk away from the worst recession in memory. It is a preposterous statement which implies that, left alone, the financial health of the country would be in ruins. The sole salvation of the production, housing, and employment sectors of the United States rests in very few hands, all of them in Washington. (See pictures...
...other side of the statement of the Fed is a prospect which, far from being immodest, should cause every intelligent person in the country to shudder. If the great engineers of the plans to return the economy to health are wrong, the result will be a ship wreck, a catastrophe so large that it cannot be contained, no matter how much money the government is willing to invest...
Local media reported earlier this month that The New York Times Company has threatened to close The Boston Globe, its erstwhile New England jewel whose once-bumper profits have morphed into massive losses. It’s easy to see why Times executives are fed up—losses at The Globe this year are projected at $85 million, a heavy burden that virtually no media company can bear in today’s economic environment...
...country, it probably will not have done taxpayers any favors. Should the economy gets worse, the amount of the government's ownership, and its exposure, will grow as it protects its investment and support of "strategic" industries with more capital. It is not far-fetched to believe that the Fed could end up having a 50% stake in Citigroup...