Word: chairman
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Dates: during 2000-2009
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...names a successor? The bidding begins at $100,000 for premier perks at August's Democratic convention in Los Angeles, marketed as a mosh pit of star power - show biz and political. House and Senate campaign committees have already emptied so many deep pockets for VIP packages that party chairman Ed Rendell is scrambling to control what bennies are left...
Like a fireman pointing a hose at a smoldering house, Federal Reserve Chairman Alan Greenspan indicated Thursday morning that he will continue trying to cool off the economy before it bursts into flames. Making his biannual Humphrey Hawkins report to Congress, Greenspan again delivered the familiar sugar - the U.S. economic juggernaut is plowing on with no slowdown in sight - and then the medicine: This prosperity has to be kept at a steady pace. Financial analysts take this to mean that a substantial hike in the Fed's lending rates is in order...
...consumers would abruptly stop spending, and that could send us into a recession." While the Dow Jones dropped slightly on news of Greenspan's report, the tech-heavy NASDAQ saw steady gains throughout the morning and early afternoon - a trend at the heart of a problem for the Fed chairman. "These days the high-tech companies seem immune to interest rate hikes," notes Baumohl. "It makes it more difficult for the Fed to rein in consumer spending, because consumers are buoyant and enthusiastic because they're watching their wealth grow." But real wealth, as Greenspan knows, isn't paper stock...
...Freedom Party in January rose to co-ruler in Austria's coalition government. Even Schroeder has tried to drum up support for the CDU, warning that if the party dissolves, Germany's democratic balance will be thrown out of whack. While Schaueble's decision to step down as party chairman (the CDU hasn't named a successor yet) is a good first step toward restoring faith in the party, pols on both sides of the aisle are counting on a sustained rebound...
...future colleagues, on the other hand, come from heavily corporate backgrounds. Besides Houghton, University Treasurer D. Ronald Daniel is a director at McKinsey & Co. and Robert G. Stone Jr. '45 is chairman emeritus and director of Kirby Corporation...