Word: kadlec
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Dates: during 2000-2009
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...Daniel Kadlec...
...These are exactly the numbers Greenspan is worried about," says TIME financial writer Daniel Kadlec. "He's worried that people will see their money performing well in the stock market and feel rich - and then they'll go spend what they don't actually have." Granted, spending against paper profits that may disappear with the next NASDAQ nosedive isn't exactly the stuff of sound personal finance, but will American investors' apparent flush of success be enough to spur the Fed chief into do something drastic - like once again raising interest rates? Count on it, says Kadlec. "Consumer spending indices...
...also about time they got rid of the penalties, which restricted the earning power of older Americans by taking portions of their Social Security checks after they'd passed an annual earnings limit. The repeal was something of a no-brainer, says TIME financial writer Daniel Kadlec, both economically and politically. "This archaic regulation was particularly helpful in postwar periods, when GIs were coming home and looking for work," says Kadlec. "The government didn't want the jobs taken up by 'old' people." But now that the nation is rife with jobs, there's really no reason to penalize productive...
...said to have flowed into his mailbox via cash stuffed in unsigned birthday cards. "The SEC has been very interested in the area of fraud over the Internet, and this case is just an extension of that," notes TIME Wall Street analyst Dan Kadlec. "In fact, they've done a good job of catching things on the Web. It seems laughable that anybody would try to post any secure information that...
...tobacco-breath raspberry to Daniel Kadlec for advising investors that if they can "get past the moral issues, Philip Morris is a compelling stock" [PERSONAL TIME: YOUR MONEY, Feb. 21]. What are you going to tell us next? "Greed is good"? MICHAEL GILVARY Los Angeles