Word: greates
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...press. These were the men who - in the wake of WW I and the economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat Ahamed tells the story of these men - a tale with plenty to resonate with today's economic malaise. TIME's Barbara Kiviat spoke with...
...what extent do you think it's possible to prevent financial collapse - as opposed to just dealing with it after it arrives? In 1926, the central bankers in your book were already worrying about many of the things that would eventually lead to the Great Depression. They saw it coming but didn't stop...
Facing financial difficulty, Merckle appealed to the government of his home state of Baden-Wüerttemberg in November for help and was rejected. Hearing news of Merckle's death, Baden-Wüerttemberg's conservative premier, Günther Oettinger, said the state had lost a great entrepreneur. "News of Adolf Merckle's death left me deeply shaken," he said...
...this way, the ground has been laid for the great stimulus fight of 2009. A spending bill of enormous size must be passed with the cooperation of political enemies in a compressed timetable. It is a challenge that will soon dwarf the abilities of Obama to shine in front of cameras on Capitol Hill. On Monday he got to do a victory lap. By the end of the day, the real work will begin...
...This structure that you have built is not only a part of this embassy but a symbol of the deep and great affinity between the American and Iraqi peoples," Talabani said during his speech. (See pictures of Iraq's revival...