Word: rubins
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...late-night phone calls, in marathon meetings and over bagels, orange juice and quiche, these three men--Robert Rubin, Alan Greenspan and Larry Summers--are working to stop what has become a plague of economic panic. Their biggest shield is an astonishingly robust U.S. economy. Growth at year's end was north of 5%--double what economists had expected--and unemployment is at a 28-year low. By fighting off one collapse after another--and defending their economic policy from political meddling--the three men have so far protected American growth, making investors deliriously, perhaps delusionally, happy in the process...
...meant some very difficult decisions. In some of the nations devastated by the crisis, there is a growing anti-U.S. backlash, and politicians such as Malaysian Prime Minister Mahathir Mohamad complain that Rubin, Greenspan and Summers--and their henchmen at the International Monetary Fund--have turned nations like Malaysia and Russia into leper colonies by isolating them from global capital and making life hellish in order to protect U.S. growth. The three admit they've made hard choices--and they'll even cop to some mistakes--but they still believe that a strong U.S. economy is the last, best...
...little precious for Republicans to cite these worries, since the notion of investing Social Security funds in the market has been kicked around the G.O.P. for years. And Treasury Secretary Robert Rubin had a nice retort to Greenspan: an independent body would oversee the investments, he said, so "there will be no--zero!--government involvement...I might add that the Federal Reserve Board itself is a very good example...
...female variant is Fifty on Fifty: Wisdom, Inspiration, and Reflections on Women's Lives Well Lived (Warner). Author Bonnie Miller Rubin, a reporter at the Chicago Tribune, interviews 50 well-known women, including Hillary Rodham Clinton, Jane Fonda and Erica Jong, about their lives and thoughts at the half-century mark. The first impulse is to ask what a 50-year-old celebrity can tell me. A lot, it turns out. As syndicated columnist Ellen Goodman tells Rubin, "You don't make it to 50 without having had your head handed to you." Survival, they say, means hanging tough...
...Lewinsky scandal might recede into being but a tale of sound and fury signifying little. The global economic turmoil and roiling stock markets could turn out, it seemed, to be of more lasting importance, so there were folks such as Federal Reserve Chairman Alan Greenspan and Treasury Secretary Robert Rubin to consider. There were also some inspiring options, such as the Irish peacemakers or that icon of nostalgia and exploration John Glenn...