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Theoretically, the Fed chairman isn't all-powerful; whether to raise or lower taxes, for example, isn't up to him. But partly because interest rates, which the Fed does control, fundamentally affect the way consumers and businesses spend money and partly because Greenspan solidified the standing of Fed chairman as a demigod, every thought that Bernanke utters is treated as Delphic. "The U.S. economy appears to be in a period of transition," he told Congress, with the robust growth of the past three years moderating, which in turn should help keep inflation in check. The stock market rallied, anticipating...
...November 2004, Plotkin introduced Shpigelman to Pajcin at a Russian day spa and sauna in lower Manhattan, according to prosecutors...
This fall, Harvard students from lower-income backgrounds may receive a stipend to cover the cost of purchasing textbooks if donors can be found to fund the Course-Cost Assistance Program...
...with STOP’s co-sponsorship, passed a proposal in March urging Harvard to help lower-income students pay for course materials...
...Israel is also trying to insure it fortifies any potential vulnerable points. The government ordered chemical plants in Haifa to lower their stocks, lest a lucky strike cause damaging fallout. Two Palestinians were arrested this week on suspicions they intended to carry out suicide bombings, and the West Bank city of Nablus has seen fierce clashes between IDF soldiers and militants suspected of planning attacks on Israel. Defense Minister Amir Peretz ordered both the West Bank and Gaza - where fighting against Hamas and other militants continues unabated - completely sealed until at least Saturday. Furthermore, Israeli intelligence is concerned Hizballah might...