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...Noted "Trust and reputation can vanish overnight. A factory cannot." ALAN GREENSPAN, chairman of the U.S. Federal Reserve, on how the collapse of Enron shows the fragility of companies lacking tangible assets...

Author: /time Magazine | Title: Starting Time | 3/11/2002 | See Source »

...just two days, Wall Street has seen Alan Greenspan's cautiously optimistic prediction of the near-term economic picture - an anemic 2.5 to 3.0 percent GDP growth for 2002, with plenty of cautious caveats - and raised him a whole bunch of exuberance. Forget the glass-half-full predictions of a "U"-shaped recession (gentle recession, gentle recovery); laugh at those who worried about an "L" (steep recession, very gentle recovery) and twelve more months of thirst. Investors are now back to betting big on the "V" - the snap-back boom...

Author: /time Magazine | Title: Is Wall Street Getting Ahead of Itself? | 3/5/2002 | See Source »

...BAKER INSTITUTE The public-policy school at Rice University awards the Enron Prize for Distinguished Public Service. Last year's recipient: Alan Greenspan...

Author: /time Magazine | Title: Houston: The Enron Tour | 2/18/2002 | See Source »

...event, there was no talking Congress out of the liability caps when it drafted the airline-bailout package 10 days after the attacks. The airlines could not fly without insurance, and their coverage was far short of what it would take to pay the damages. Federal Reserve Chairman Alan Greenspan privately told congressional leaders that getting the planes up again was the single biggest "multiplier" that could revive the economy on every level. So the Democrats, who usually balk at limiting the ability to sue, accepted the idea of an airline bailout--as long as it came with a mechanism...

Author: /time Magazine | Title: What Is A Life Worth? | 2/11/2002 | See Source »

...event, there was no talking Congress out of the liability caps when it drafted the airline-bailout package 10 days after the attacks. The airlines could not fly without insurance, and their coverage was far short of what it would take to pay the damages. Federal Reserve Chairman Alan Greenspan privately told congressional leaders that getting the planes up again was the single biggest "multiplier" that could revive the economy on every level. So the Democrats, who usually balk at limiting the ability to sue, accepted the idea of an airline bailout - as long as it came with a mechanism...

Author: /time Magazine | Title: WTC Victims: What's A Life Worth? | 2/6/2002 | See Source »

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