Word: interesting
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Dates: during 2000-2009
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...Clinton's approval by the Foreign Relations Committee on Thursday morning is all but guaranteed. But Senator Lugar has laid down a marker over the potential for conflict-of-interest questions surrounding foreign donations to Bill Clinton's charitable endeavors. And if it turns out that Senator Lugar saw trouble before it arrived, it won't have been the first time...
...Although U.S. college enrollment has climbed, college completion rates have not. Only a third of students who enroll in community colleges - which educate nearly half the undergraduates in the U.S. - get a degree within six years. Hence the interest in this study among such philanthropic powerhouses as the Bill & Melinda Gates Foundation, which helped fund the MDRC study. (MDRC, by the way, was created in 1974 by the Ford Foundation and a group of federal agencies; originally named the Manpower Demonstration Research Corporation, it now goes only by the abbreviation...
...extreme stress to come. By August 2007, the storm known as the subprime crisis had been gathering for much of the year, and inside the Fed, Timothy F. Geithner, president of the New York Federal Reserve Bank and a vice chairman of the Federal Open Market Committee (which sets interest-rate policy), had quietly been raising red flags among his colleagues. Earlier that month, the European Central Bank had startled traders by pumping close to 100 billion euros into the short-term-credit markets - an unexpectedly massive intervention. It was as if the global financial system had had an angina...
...largest banks and investment firms in New York, most of whom were leveraged to the hilt and deeply vulnerable to turmoil in the mortgage-backed-securities market. But Geithner's view prevailed that week with his boss, Ben Bernanke. A few weeks later, the Fed slashed its key interest rate by half a percentage point, and soon it was trying to figure out other, less conventional ways to deal with the growing crisis in the global credit markets. It has been frantically trying to contain that crisis ever since...
Japan was the right place at the right time for Geithner because Tokyo had become a critical post for any U.S. government official. The Soviet Union had collapsed, the Cold War was over, and there was great interest in the alternative Asian economic models that seemed to be performing better than the U.S.'s. Bilateral-trade issues had suddenly become what arms-control talks had been to the Cold War. Geithner made his bones in the U.S. Treasury by helping negotiate a comprehensive deal with Japan that, against all expectations, opened Tokyo's financial-services sector to foreign companies...