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Latest Greenspan Stories

2011-03-03 23:39:55

In an article to be published in the forthcoming issue of International Finance, Dr. Alan Greenspan, former chairman of the Federal Reserve, issues a major analysis of the U.S. government's economic recovery and reform efforts since the collapse of Lehman Brothers in September 2008. Greenspan calculates that long-term fixed corporate investment "is now at levels, relative to cash flow, that we have not experienced since 1940." This shortfall, he explains, accounts for much of the tepid...

2011-02-25 06:15:00

WINTER HAVEN, Fla., Feb. 25, 2011 /PRNewswire/ -- Economist and author Allen W. Smith, Ph.D. believes that former Fed Chairman, Alan Greenspan, bears a lot of responsibility for the Social Security funding problems that the nation faces today. Greenspan was instrumental in getting the 1983 payroll tax hike enacted into law, and he then watched silently as the Reagan administration siphoned the surplus revenue into the general fund, where part of it was used to replace the lost revenue...

2010-04-06 16:42:00

BRAINTREE, Mass., April 6 /PRNewswire/ -- WHO: Former Federal Reserve Chairman Alan Greenspan WHAT: Financial Crisis Inquiry Commission (FCIC) hearing. WHEN: 9 a.m., EDT, Wednesday, April 7, 2010 WHERE: Rayburn House Office Building, Room 2123, Washington, D.C. TOPIC: Subprime Lending and Securitization and Government-Sponsored Enterprises (GSEs) - Day 1 Alan Greenspan will be questioned by the Financial Crisis Inquiry Commission on April 7, 2010. Phil Angeles, Commission chairman...

2009-08-13 15:39:52

Boston-area author Ben Mezrich has denied claims he plagiarized biographical material for a minor character in his book, The Accidental Billionaires. Aaron Greenspan, who claims he was a founder of the technology behind the social networking Web site Facebook, alleges Ben Mezrich lifted material without his permission and used it in The Accidental Billionaires, Mezrich's book on how Facebook came to be, The Boston Globe reported Thursday. Greenspan said he may seek a court injunction to...

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2009-02-18 12:44:57

Former Federal Reserve Chairman Alan Greenspan said at the Economic Club in New York that new regulations were needed to rein in financial systems. After a long career in which Greenspan advocated for modest federal regulation, Greenspan said in a speech Tuesday he saw no alternative to a set of heightened federal regulatory rules for banks and other financial institutions, Politico reported. Greenspan warned housing prices would continue to drop, falling as much as 10 percent further. His...

2008-10-02 03:00:22

By Youn, Seounmi This study examines the impact of parental influence on teens' attitude toward privacy protection. Survey data show that teens high in conceptoriented family communication tend to engage in discussion mediation, which, in turn, affects their level of privacy concern. In contrast, teens high in socio-oriented communication tend to have more family rules and surf the Internet with parents. Rulemaking mediation is not directly related to teens' level of privacy concern, while...

2008-06-30 15:02:28

By Scott Duke Harris, San Jose Mercury News, Calif. Jun. 29--Aaron Greenspan surely wasn't the only patron who recognized the Silicon Valley celebrity who entered the restaurant the other day in Palo Alto. But for Greenspan, the sight of Facebook mogul Mark Zuckerberg, proclaimed a billionaire at age 24, scratched an old wound. "He waved to me, and I felt compelled to wave back," Greenspan recalled in a recent interview. He and the friend he was dining with got their check and didn't...

2006-05-18 19:40:00

NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the "extraordinary" boom in the U.S. housing market in recent years is over. "This has been quite an extraordinary boom," Greenspan told a Bond Market Association dinner in New York. "The boom is over. I think we can safely say that with a strong degree of confidence." Greenspan said there was a "high degree of froth in the system," and that it was clear that home equity extraction and the turnover of...

2006-05-02 17:05:17

By Joe Maguire NEW YORK (Reuters) - Long a celebrity to those obsessed with financial-news broadcasting, CNBC's Maria Bartiromo may have cemented her status as the so-called "Money Honey" with a seemingly off-handed remark about a recent conversation with Fed Chairman Ben Bernanke. Leading into a question for guest Michael Moskow, president of the Chicago Federal Reserve, Bartiromo on Monday mentioned that she had spoken with Bernanke at the White House Correspondents' Association's...

2006-03-07 18:10:12

By Mark Egan NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan signed a deal on Tuesday to publish his memoirs with The Penguin Press, after a bidding war for a book about his life and vision for the future. "It is a singular honor for The Penguin Press to publish Alan Greenspan, who has spent his extraordinary career reckoning with how the world really works," Penguin President and Publisher Ann Godoff said in a statement. "His book will be about what we can know,...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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