Word: feds
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Dates: during 2000-2009
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...indications of improvements do little to ease some economists' fears about long-term unemployment now that 1 in 3 unemployed persons has been looking for work for 27 weeks or more. Galbraith of the University of Texas at Austin believes that some workers have intentionally left the job pool - fed up with rejection - and will begin searching for work again only once the economy improves, keeping the long-term rate high. "Even if things stabilize and start to improve, bringing the unemployment rate down below 9% is going to be a struggle," Galbraith says...
Biggs, age 79 and severely ill with pneumonia, remains at a hospital in Norwich, where is to undergo minor surgery. Following a series of strokes, he can no longer walk, is fed through a tube and communicates by pointing to letters of the alphabet on a board. The three prison guards who stood watch over his hospital bed round the clock have been removed. Their departure comes just one day ahead of Biggs' 80th birthday and the 46th anniversary of the train robbery...
...tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed and others. As he talked about the state of the Administration's proposal introduced last spring, Geithner started swearing about the need for regulatory reform to move forward. "There was liberal use of expletives," says an official briefed on the meeting. "Obviously it made some people uncomfortable." (See 25 people...
...most at stake. He survived the terrible start of his tenure at Treasury and managed to lead the Administration's efforts to stabilize the markets under constant attack. But he continues to struggle with the impression that he is soft on Wall Street, having come from the New York Fed (and having played a part in the crisis dealings with Lehman Brothers and AIG last fall), which is considered more sympathetic to the financial industry than some Washington overseers. To truly succeed as Treasury Secretary, insiders say, Geithner needs to show not only that he can rescue the industry...
...champion of pluralism and economic liberalism. With few other political options, that may be Sri Lanka's best hope for the future. There is a hint of it in the President's dining room. Three years ago, he co-opted two former leaders of the LTTE, who fed intelligence to the army and helped bring the eastern provinces under its control. They had spent their whole lives fighting for the destruction of the Sri Lankan state but are now ministers in Rajapaksa's government. They stood in the buffet line with everyone else, and then quietly sat down to discuss...