Word: greenspan
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...where, despite a slight easing as the effects of hurricanes Katrina and Rita recede, they will probably go higher still before too long. Home heating oil is 50% higher than last year too, and natural gas will probably jump similarly. Those dramatic increases, Federal Reserve Chairman Alan Greenspan said in a speech last week, will create a significant drag on economic growth "from...
ENGAGED. ANDREA MITCHELL, 50, NBC News correspondent, and ALAN GREENSPAN, 70, Federal Reserve chairman; after 12 years of dating. Mitchell told the New York Times it was "rational exuberance" that led to Greenspan's proposal, alluding to a pronouncement by the Fed chairman that caused world stock markets to tumble. They plan to wed in the spring...
...sharp run-up in energy prices is "an accident waiting to happen," Federal Reserve Chairman Alan Greenspan said Monday. That's not the sound of a central banker about to start sitting on his thumbs. The Fed has been raising short-term rates for a couple years-from a fed funds rate of 1% to 3.75%. Economists expect him to keep boosting the benchmark rate to about 4.5% next year...
...Bush was showing "stunning arrogance," declared Ann Coulter, to think he could just pick anyone he liked. "The President is not supposed to be nominating his personal lawyer for a job on the United States Supreme Court," she said. "You don't have your personal accountant replace Alan Greenspan. It's embarrassing to hear people describe this as if this is the best woman Bush could get." Veteran conservative activist Paul Weyrich saw insult in the assumption that Bush's followers wouldn't dare question his choice. "They are so used to conservatives falling in line, rolling over and playing...
...pecuniae. The decree guaranteed 5% interest on money lent to the city-state for its war. The Venetians prevailed and, in the process, established the precursor to the system of borrowing on which every modern government relies. Without it, we wouldn't have deficit financing, Treasury bills or Alan Greenspan...