Word: chairman
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Dates: during 2000-2000
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...status is Greenspan himself, and his verbal powers apply only to the markets (and even then not as much as they used to). As for the larger economy, one of the bones of contention between Greenspan and the first Bush was that Bush's Treasury people thought the Fed chairman should be jawboning the economy, and Greenspan thought that was silly, and it's doubtful Father Greenback is worried about young Mr. Bush making the recession happen with a few holiday hints about being prepared for the worst...
...careers of Bush's chosen treasury secretary and vice-president and his inherited Fed chairman all date back to the Ford years. For a new millennium in which the U.S. economy must learn to play without its superstar of the past eight years, some knowledge of the old problems - high energy prices, dispirited consumers, international uncertainty - could come in handy. The new Republican president remembers the Reagan tax cut. His advisers remember stagflation. As long as somebody remembers Gingrich, Clinton and the virtues of sound fiscal policy, a little spring turbulence could work out for all concerned...
...Gilmore, a good soldier, a great fund-raiser and a tax-cutting conservative to boot, is meant to further assuage GOP righties who have found Bush's appointments a little unsettling thus far: The party machinery is in reliable hands. (Gilmore will stay as governor but step down as chairman of the Republican Governors' Association, which means vice-chairman Tom Ridge may finally get a promotion after...
...lightning speed identifying and nominating candidates to top government posts. Wednesday, Bush called upon two Republican officials and two private citizens to join his team. Paul O'Neill got the first call, nominated for treasury secretary. Though seen as something of a Washington outsider, O'Neill, most recently chairman of the Alcoa Corporation, served for a decade in the Office of Management and Budget in the '60s and '70s. His work under Gerald Ford introduced him to then-White House chief of staff Dick Cheney...
...little to cool the crude market, and since then Middle East turmoil and strong global demand have kept traders on edge. At the same time, global refining capacity is strained to the limit. "When you have a market this tight, it's vulnerable to disruption," warns Daniel Yergin, chairman of Cambridge Energy Research Associates. "It could be a political event. It might involve a logistical problem with refineries or even the weather...