Word: helmsman
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Dates: during 1990-1999
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...surprising decision for anyone. Wilford, after all, had the hot hand. And the easiest way for Murphy to show the world that last year was a fluke would be to replace the struggling helmsman with the up-and-coming new face. Wilford, while obviously ecstatic at his opportunity to start, says he felt sorry for his good friend Linden...
...Street had seen it coming, and in New York the markets yawned. But Greenspan wasn't done running. He cut rates again on Thursday without waiting for the next Fed meeting, a dramatic move that caught Wall Street off guard. It was almost unprecedented in Greenspan's term as helmsman of the U.S. economy. If the Fed has a big red panic button, this was it: Clearly Father Greenback had seen something that couldn't wait for November 15. But what...
TOKYO: Prime Minister Hashimoto may have left the bridge in the middle of a storm, but don't expect Tokyo to pick a strong helmsman to replace him. "Unless Japan's new prime minister is a real surprise rather than any of the likely candidates, we can expect more political chaos and not less," says TIME Tokyo bureau chief Frank Gibney...
...Alan Greenspan had just been named head of the Federal Reserve, and green he was. Over at Treasury, the politically savvy but market-naive James Baker spooked traders every time he moved his lips. Today we have the same Fed chairman, but he could not be a more adept helmsman. At Treasury, Robert Rubin, America's foremost fixed-income trader in his days at Goldman Sachs, can coldcock a decline in the dollar with a few choice words...
...long, the de facto helmsman races in and out, trying out bits of his Wednesday speech. He is aware of the naysaying, that Apple, with its single-digit market share, is doomed to fall before the Goliath of Microsoft. At Macworld, he will stress instead Apple's domination of education and desktop publishing. He fiddles with a paper clip as he thinks out loud...