Word: nationalizing
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Dates: during 1990-1999
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...season began in typical fashion for Harvard as the team faced some of the nation's top competition in California over spring break. The Crimson returned from its trip with a 4-11 record and on a seven-game losing streak. Some of the losses came courtesy of national powerhouses, such as Fresno State and Cal. State-Fullerton...
...nearing the last year in his third term as head of the seven-member board of governors of the Federal Reserve System, Alan Greenspan has frequently been called the most powerful person in the nation, second only to the president...
...claim is not without some validity. As chairman of the Federal Reserve, Greenspan guides the nation--and by extension the world's--monetary policy, adjusting interest rates which change the cost of borrowing money...
That focus involved raising interest rates in the early '90s which, in tandem with the economic tensions caused by the Persian Gulf War, sent the nation into a recession which some say cost President George Bush the 1992 election...
While the Fed was set up to be an apolitical organization to control the nation's money, it far from upholds that aspect of its task--the position has become intensely political, many say. Greenspan acknowledges the political nature of his job arguing that it can be dealt with appropriately as a matter of style and personality...