On a weekday morning at the Albert M. Greenfield School in Philadelphia, 21 first-graders painted their drawings of fish, glued the shapes on colored paper and affixed ribbons and buttons onto the bright creatures.
Greg Palm , Goldman Sachs Group Inc. general counsel, took a call in his 37th-floor office at One New York Plaza on Dec. 16, 2008. It was his old boss, Stephen Friedman , a former Goldman chairman who was then head of the audit committee of its board of directors. Goldman’s stock was down 65 percent from its 52-week high during an accelerating global financial breakdown.
Federal Reserve Chairman Ben S. Bernanke’s plan to hold interest rates near zero through at least mid-2013 provoked the most opposition among voting policy makers in 18 years as central bank consensus frayed.
All hail Keynes. That’s the message in President Barack Obama ’s decision to nominate Janet Yellen , Peter Diamond , and Sarah Bloom Raskin to fill vacancies at the Federal Reserve. This trio makes sense only if you believe the philosophy of the most influential economist of the modern era, John Maynard Keynes .