Word: feds
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When Adam B. Chepenik, a student at HKS and Harvard Business School, asked Volcker for his advice to students, the former Fed Chair discouraged young audience members from going into the world of finance...
Satish Warier knows about generating buzz. He spent 15 years as an editor and Web producer for India's biggest newspapers and magazines, and manages a rock band for fun. When he got fed up with his last job ("I never managed to find bosses who quite understood me," he says), he quit to start a restaurant, and those old contacts came in handy. Today, Gunpowder, tel: (91-11) 2653 5700, is New Delhi's hottest new dining venue, having earned rave reviews and a fashionable following since it opened in July...
When those systems fail, patients are often treated aggressively rather than with palliative care. More than 40% of residents who died over the course of the study were sent to the emergency room, hospitalized, tube-fed or given IV nutrition during the last three months of life. These interventions can themselves cause distress and pain while providing, at best, questionable benefit and minimal prolongation of life, experts say. Among the family members who directed these residents' care, however, those who believed that the resident had less than six months to live and understood the nature of advanced dementia were less...
...media for your decision to quit as Taoiseach. Yes, they just kept after me. Even when things were getting serious with the economy, they just kept on my back. I would have [left office] this year anyway. I thought at the end public opinion would be fed up with the tribunal and fed up with me. It just goes on and on. You're asked questions like, 'Do you not remember well going into a bank on Sept. 23, 1993?' and eight hours later you're thinking 'Jesus, did I go into the bank on Sept...
...Fed Chairman Ben Bernanke tried to talk up the dollar last week by declaring that the central bank would tighten monetary policy in order to avert inflation. But he also emphasized that the Fed is committed to keeping interest rates at near zero to help the battered economy. In the tug of war between those two antithetical positions, it's virtually certain that near-zero rates will win for the foreseeable future...