Word: fed
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Dates: during 2000-2009
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...second figure was the head of the New York Fed, Benjamin Strong. He was part of a generation of American bankers who were disciples of J.P. Morgan. After the First World War he realized the U.S. was in a position to exert an enormous influence on world financial matters, but he had quite a tragic life. He contracted tuberculosis, and this was before antibiotics. They thought the cure was thin, cold air, so he spent months at a time in the mountains of Colorado while trying to manage the world economy. He died...
...rates are at zero. We've injected all this money into the banking system and banks have lost so much capital that their inclination is to hoard capital. It's going to be very hard to get it out the other end. That happened in 1932. By 1932, the Fed finally realized it had to do something, and there was a very large open-market operation - basically, buying bonds - and recapitalization of the banking system, and that stopped the run on the banks temporarily, but credit continued to decline...
...rhythmic fashion that wore down the Bobcats defense and forced Qunnipiac goaltender Tia Wishart to frequently swipe at dangerously close pucks. Eventually the barrage of shots paid off. At 12:41 in the first, Ryabkina swooped in behind the Quinnipiac goal from the left corner and fed the puck to captain Kirsten Kester. Kester then knocked it through Wishart’s legs to earn the first goal of the game and the first of Kester’s season. “She’s our emotional sparkplug,” Stone said. “That really...
...before," she said. "No running water, no sewerage, nothing. There are, yes, a handful of extremely rich people whose lives have changed dramatically. But the vast majority have been left behind. Unemployment is 26%. And we have a serious crime problem, and the link is clear: people are getting fed up with this non-delivery of policies, and understandably...
...Asian governance is failing in democracy's most basic undertaking: to represent the will of the people. Back when the region was poor and ravaged by war, Asia's citizens made an unspoken pact with their leaders, that economic progress could predate political reform. But, today, most Asians are fed and clothed, and a middle class flourishes. Where, then, is the accountability, transparency and justice Asians crave? Here are four areas in which the continent's democratic experiment is underperforming - and what Asia can do about...