Alan Greenspan News
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Proponents and opponents of income redistribution differ greatly in their explanations for the success of the U.S.
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As commentators, politicians and academics struggle to make sense of the recent financial crisis and its ramifications, many of their accounts seek to identify a root cause or the “beginning of the story.”
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Former Federal Reserve Chairman Alan Greenspan said U.S. stocks offer good value and are likely to rise as corporate earnings increase over time.
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Stocks advanced, sending the Dow Jones Industrial Average to the highest level since 2007, and Treasuries fell as faster growth in U.S. manufacturing fueled optimism in the world’s biggest economy. Oil surged above $106.
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U.S. stocks advanced, sending the Dow Jones Industrial Average to the highest level since December 2007, after a better-than-estimated manufacturing report bolstered investors’ optimism in the world’s largest economy.
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Annaly Capital Management Inc. Chief Executive Officer Mike Farrell was paid $35 million last year, more than the CEOs of the six largest U.S. banks, from JPMorgan Chase & Co.’s Jamie Dimon to Goldman Sachs Group Inc.’s Lloyd Blankfein, and more than double their average compensation.
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For Australia, it’s all coming down to bananas once again.
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The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and the Securities and Exchange Commission, each of which is writing derivatives rules as mandated by the Dodd-Frank reform law.
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In 1999, Alan Greenspan, Robert Rubin and Lawrence Summers were celebrated as “The Committee to Save the World” on the cover of Time magazine. Today, their successors are still picking up the pieces.
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New York University has reduced a plan to expand its campus by about 377,000 square feet of space, or 19 percent, in a deal struck by Scott Stringer, the Manhattan borough president.
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