Word: feds
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Dates: during 2000-2009
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...thing Fed Chairman-nominee Ben Bernanke does not lack for is a paper trail - an accomplished academic economist and former Dean of Economics at Princeton, Bernanke has published several scholarly works, three college textbooks and scores of academic and policy speeches. Read through his works and you'll quickly discovers that he shares many similar views with his predecessor, Alan Greenspan. But he's also an independent thinker who at times crosses swords with those on the left and right. We've stacked up some of Bernanke's views on three key topics and given you links around...
...ROLE OF THE FED CHAIRMAN Bernanke's support for Greenspan's broad approach is echoed in a Bloomberg interview, which also gives some insight into his manner and demeanor. The nominee certainly believes that the role of Fed Chairman can make the critical difference to the fate of the economy: In an essay in Foreign Policy, he argues that the 1929 crash could have been averted by a smarter hand on the Fed tiller...
...HOUSING BUBBLE Speaking to execs in Chicago last March in his capacity as Fed official, Bernanke parsed the dynamics in the economy and their policy implications. The speech echoed some familiar warnings by Fed Chairman Alan Greenspan, particularly the prediction that the housing bubble is unsustainable, and while it's unlikely to burst, it will likely deflate slowly, bringing returns on property investments gradually more into line with the more modest gains yielded by other assets...
President Bush's nomination of Ben S. Bernanke to replace Fed chairman Alan Greenspan seems - so far, at least - mercifully free of controversy. The U.S. stock market rallied on the announcement, as foreign-exchange buyers drove up the value of the dollar against the Euro and other currencies. Market reaction reflects Bernanke's status as conservative, but hardly radical economist, whose views on inflation, taxes, interest rates and monetary policy are not deemed markedly different from those of Greenspan...
...niftiest new hybrids is from Mazda, the Premacy Hydrogen RE Hybrid concept car. This "tribrid" has three energy sources--gasoline, electricity and hydrogen. The main combustion engine can burn either gasoline or hydrogen, which is fed to the engine from a tank in the trunk. The driver can change between the two by hitting a switch next to the steering wheel. Hydrogen as a fuel burns like gasoline, but it's about 10% more efficient, and emits only water. Throw in the hybrid function (an electric motor) and fuel efficiency rises again. Mazda hopes to have the car available...