Word: posts
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Dates: during 1980-1989
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Economists who know Greenspan admire him personally and professionally. University of Minnesota Professor Walter Heller believes Greenspan has the perfect temperament for his new post. Says Heller: "He doesn't show his emotions. The Fed chairman has to have the capacity for forthright evasion and controlled obfuscation, and Alan is very good at that. ((Former Chairman)) Arthur Burns puffed on a pipe. Volcker puffed on cigars. Alan does not smoke, but when required, he can set up a nice smoke screen with words...
...father was born in a sod shanty in 1883. His proudest bureaucratic achievement is a $6,000, 500-ft. concrete sidewalk that runs alongside Main Street, which is dirt. "That boy is mine too," said the mayor, pointing to another son, David, a trencherman about the size of a post office...
Volcker's eventual decision to leave must have been at least partly motivated by the financial sacrifices he and his wife Barbara have made during his tenure. When Volcker originally took the post, he accepted a pay cut from $110,000 to $60,000. His salary has since increased to $89,500, but that is still less than many of today's M.B.A.s earn by their late 20s. The Volckers struggled at times to support both a one-bedroom Washington residence for the Fed chairman and the family's larger Manhattan apartment. At one point Volcker's wife, who suffers...
...boon for the troubled Times, the conservative newspaper owned by a group of Korean investors affiliated with the Rev. Sun Myung Moon's Unification Church. Founded in 1982 as an alternative to what the Times has called the "town's 800-pound gorilla," the mighty -- and liberal -- Washington Post, the five-day-a-week paper has not entirely erased its image as a "Moonie" sheet tainted by its owners' politics. Still, the Times has gained a place at some of the capital's most powerful breakfast tables, and is among the few newspapers that are regularly excerpted for Ronald Reagan...
Most days, of course, the 230 reporters and editors at the Times (circ. 104,000) are no match for the 450-strong Post (circ. 796,000), but the paper, the only local alternative to the Post, has had a few impressive scoops. The Times broke the story alleging that Michael Deaver had improperly used his White House ties to advance his lobbying business and, two months ago, revealed Mobil Oil's decision to move its headquarters from Manhattan to suburban Washington. Though the Times has serious weaknesses (its national political coverage is abysmally shallow, for example), its strengths include...