Argentina says no default, but cash needed

OTTAWA, Nov. 17 (UPI) -- There are few financial ministers from developing nations who could get reporters to run for their notepads on literally a minute's notice, but Argentina's Econ
SHIHOKO GOTO, Senior Business Correspondent

Argentina econ min. meets U.S. officials

OTTAWA, Nov. 16 (UPI) -- Argentina economic minister Domingo Cavallo, reiterated Friday that a debt swap alone will prevent the ailing country from default.
SHIHOKO GOTO, Senior Business Correspondent

The Bear's Lair: Was Enron typical?

WASHINGTON, Nov. 12 (UPI) -- Enron's announced Thursday that it was restating its financial results back to 1997 because of losses in limited partnerships involving its chief financial offi
MARTIN HUTCHINSON, UPI Business and Economics Editor

Europe cuts rates: Et tu, Wim?

QUERETARO, Mexico, Nov. 8 (UPI) -- Beware Greenspanism; it is contagious. Both the Bank of England and the European Central Bank cut interest rates Thursday by 50 basis points (half of one percent), thereby emulating the latest cut Tuesday by the US Federal Reserve.
IAN CAMPBELL, UPI Economics Correspondent

ECB and BoE: If not now, when?

QUERETARO, Mexico, Nov. 7 (UPI) -- Tuesday the U.S. federal Reserve had its say, cutting interest rates again, to just 2 percent. Thursday Europe responds. The Bank of England and, separately, th
IAN CAMPBELL, Economics Correspondent

Greenspan whips flagging economy on

QUERETARO, Mexico, Nov. 6 (UPI) -- Having raced for 10 years, the horses are flagging. The U.S. economy no longer rushes ahead. But behind the horses old Alan Greenspan, the coachman, grimacing f
IAN CAMPBELL, Economics Correspondent

The week ahead: Greenspan, Opec, budget

QUERETARO, Mexico, Nov. 5 (UPI) -- A week ago your correspondent looked forward to news of U.S. recession and predicted that however bad the news on the economy, "it will no longer be news. It wi
IAN CAMPBELL, Economics Correspondent

Executive Business Briefing

Here is a look at some of Friday's top business stories:

U.S. GDP: An apartheid recession

QUERETARO, Mexico, Nov. 1 (UPI) -- After so much talk of recession it begins--quietly. U.S. third quarter GDP, reported Wednesday, contracted by only a fraction from the second quarter, an annualized decrease of 0.4 percent, which means output fell by about 0.1 percent.
IAN CAMPBELL, UPI Economics Correspondent

The week ahead: recession, anthrax, oil

QUERETARO, Mexico, Oct. 28 (UPI) -- This week, at last, we come to it: what economists clumsily call negative growth. Wednesday it will be announced, almost certainly, that the U.S. economy contra
IAN CAMPBELL, Economics Correspondent

Global View: Trading recession

QUERETARO, Mexico, Oct. 26 (UPI) -- Recession enforces change and some of the change it enforces is necessary. US consumption and the US trade deficit could not spiral up indefinitely, nor could the stock prices that provided the cash for the spending boom. After a boom a downturn cannot al
IAN CAMPBELL, Economics Correspondent

Stubborn ECB; weak euro

QUERETARO, Mexico, Oct. 25 (UPI) -- The European Central Bank's monetary policy committee decided today not to cut its main short-term interest rate from its current level of 3.75 percent. The ECB can offer justifications for its decision.
IAN CAMPBELL, Economics Correspondent

Stocks edge down

NEW YORK, Oct. 23 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market were unable to hold onto early gains amid continued concerns about bioterrorism and clos

Stocks rise in active trading

NEW YORK, Oct. 23 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market were modestly higher in fairly active trading at midday Tuesday, lifted by some favorabl

Greenspan retirement rumors may resurface

WASHINGTON, Oct. 22 (UPI) -- The financial market's love for Federal Reserve Chairman Alan Greenspan may have fizzled since the stock market's plunge over the past year, but there's still a die-hard group of core supporters who have blind faith in his leadership.
SHIHOKO GOTO, Senior Business Correspondent
Page 51 of 53
Alan Greenspan
Former Federal Reserve Chairman Alan Greenspan testifies during a Senate Homeland Security and Governmental Affairs Committee hearing on America's economic future in Washington on December 17, 2009. UPI/Kevin Dietsch

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

Greenspan was born in the Washington Heights area of New York City. His father Herbert Greenspan was of Romanian-Jewish descent and his mother Rose Goldsmith of Hungarian-Jewish descent.

Greenspan attended George Washington High School from 1940 until he graduated in June 1943, where one of his classmates was John Kemeny. He played clarinet and saxophone along with classmate Stan Getz. He further studied clarinet at the Juilliard School from 1943 to 1944. Among his bandmates in the Woody Herman band was Leonard Garment, Richard Nixon's Special Counsel presidential special counsel. In 1945 Greenspan attended New York University where he earned a B.S. degree in economics summa cum laude in 1948 and an M.A. degree in economics in 1950. At Columbia University, under the tutelage of Arthur Burns, he pursued advanced economic studies but dropped out.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Alan Greenspan."
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