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...words, this can't go on forever. Greenspan has since delivered this message repeatedly, but markets paid no attention. Until, suddenly, they did. In a speech and question-and-answer session simulcast from Washington to conferences in Australia, Hong Kong, New Zealand and Singapore on Feb. 26, the former Fed boss repeated his concerns about risk and mentioned in passing that a recession was "possible" in the U.S. later this year...
...words, this can't go on forever. Greenspan has since delivered this message repeatedly, but markets paid no attention. Until, suddenly, they did. In a speech and question-and-answer session simulcast from Washington to conferences in Australia, Hong Kong, New Zealand and Singapore on Feb. 26, the former Fed boss repeated his concerns about risk and mentioned in passing that a recession was "possible" in the U.S. later this year...
...past few months,Ben Bernanke, chairman of the Federal Reserve Bank, has helped drive equities higher with his upbeat views on the economy. In his semiannual congressional testimony last week, the Fed chairman laid out a rosy scenario, predicting that U.S. growth would continue "at a moderate pace this year and next, with growth strengthening somewhat as the drag from housing diminishes...
...breastfeeding also recognizes that HIV can be transmitted by breastfeeding. The statement thus recognises that if infants born to HIV-positive women can be ensured uninterrupted access to nutritionally adequate, safely prepared breast-milk substitutes, they are at less risk of illness or death if they are not breast-fed. Accordingly, we sell formula at low prices to governments, for use in official programs for the prevention of transmission of HIV from mothers to babies, only at the request of such governments. Such transactions are subject to careful documentation. We also provide appropriate information to the implementers of the programs...
...debate continues about whether any returning American soldiers were actually spat upon.) Vietnam also saw the first appearance of the ridiculous argument that we couldn't stop the war until our POWs were freed - as if stopping the war wasn't the quickest way to free them. This, too, fed a myth that opposition to a war was somehow a betrayal of the soldiers. Ultimately, in the case of Vietnam, the antiwar movement included a majority of the country, and it saved the lives of untold thousands of Americans by getting us out of that war - not quickly, but eventually...