Word: moneymen
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After the latest numbers became public, Federal Reserve Chairman Alan Greenspan gave moneymen an anxiety attack by his frank acknowledgment of the problem. Testifying before Congress, Greenspan called the CPI report "disturbing" because it suggested that the U.S. economy was close to overheating despite the Fed's eleven-month effort to slow it down by subtly tightening the credit supply. Noting that last week's report followed January's startling 1% rise in the Wholesale Price Index, a leap of 12.7% on a compounded annual basis, Greenspan warned, "If inflation re-emerges, I think a recession will move...
...central bankers and finance ministers who gathered in Berlin last week for the annual meeting of the International Monetary Fund and the World Bank encountered more than the usual round of interminable speeches and parties. While the world's top moneymen jawed away inside the International Congress Center, outside in the streets legions of leftist demonstrators chanted, "IMF, meeting of murderers!" At one point, policemen carrying Plexiglas shields and billy clubs broke up a boisterous crowd of 2,000. Another day, 75,000 marchers paraded peacefully. While the protests did not disrupt the conference, the bankers knew what they symbolized...
...Moneymen look for ways to reduce Third World debt. -- On the takeover trail with the Hafts. -- Jet- propelled Gooney Birds...
Hollywood's moneymen surely love Murphy. Last week CBS signed him to a three-year contract for shows he will direct, produce or appear in. Coming to America is the first in a lucrative five-film deal with Paramount Pictures. Murphy also hopes to direct The Butterscotch Kid (a comedy starring Arsenio Hall) and co-star with James Earl Jones in a film version of August Wilson's drama Fences. Says Jerry Bruckheimer, who co-produced both Cop movies: "He's such a wanna-see guy -- you wanna see what he'll do next. If he was available, there...
...been reaping profits by consistently betting on the dollar's downfall. They secretly agreed to launch a dollar-buying binge when the currency hit a floor price, possibly at 120 yen. At first only the Bank of Japan came to the rescue. Then all at once last Monday, moneymen from central banks around the world -- including the Federal Reserve -- got on the phones to place buy orders...