Word: feds
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...eager to get to your family and all that, but boy, this holding the world economy by the hand is even better than advertised. The phone rings. Maybe it will be like this summer, when your mom picked up in your house on Cape Cod and found Fed Chairman Alan Greenspan on one line and worried Russian reformer Anatoli Chubais on the other. Oh, how she thrilled over that! The phone rings, and because you are the Deputy Secretary (and happen to be one of the few rocket-scientist economists not trying to create a black box to make deviously...
...initial downturn didn't surprise the Fed or the Treasury too much. For the better part of two years, Greenspan and Rubin had been quietly fretting about the narrowing "spread"--the difference in interest rates--between U.S. bonds and emerging-market bonds. By 1996 banks were lending money to countries such as Malaysia at interest rates just a few percentage points above what the U.S. Treasuries commanded. The implication: Malaysia was not a much riskier bet than the U.S. This was nonsense, and the committee knew some correction was in order...
...game-winner, Jan Hrdina dug the puck out along the boards and chipped it ahead to Miller, who fed it up-ice to Jagr as he shed defender Mattias Ohlund to easily beat goaltender Corey Hirsch with a wrist shot...
...middle-class Americans have exhausted their reserves of compassion for the homeless and now see them as responsible for their own fate. "People decided that homeless people were affecting their quality of life," says Ralph Nunez, president of the New York-based Homes for the Homeless, "and they got fed up." But how fed up? In a recent survey conducted by researchers at Wayne State University, 80% of respondents said they favored increased federal spending on the homeless, and two-thirds said they would agree to a $25 tax hike to pay for homeless programs...
...lunches in the Vice President's office. The meetings were kept so far below radar that one day last summer, Clinton's chief of staff Erskine Bowles sent out an urgent page to the President's senior advisers: Why is Gephardt at the White House? Where their staffs once fed the rivalry, the principals have begun to rely upon--and even trust--some of the same allies, notably Democratic uber-fund raiser Terry McAuliffe and current White House chief of staff John Podesta. It helped their new rapport that both had so much to lose in last November's midterm...