U.N. chief wants distance from inquiry

UNITED NATIONS, June 16 (UPI) -- U.N. Secretary-General Kofi Annan says he does not want to be drawn into discussion about involvement in the Iraq Oil-for-Food Program scandal.

U.N. fires official in oil-food scandal

UNITED NATIONS, June 1 (UPI) -- The United Nations says it has fired the head of the Security Council Affairs Division for alleged involvement in the Iraq Oil-for-Food Program scandal.

Ex-Annan aide escapes censure

UNITED NATIONS, April 28 (UPI) -- A former top aide to U.N. Secretary-General Kofi Annan has escaped punishment despite being chastised by the committee investigating the oil-for-food scandal.

U.N.: Oil-for-food indictment 'progress'

UNITED NATIONS, April 14 (UPI) -- The United Nations has labelled as "progress" a U.S. indictment of three businessmen over the oil-for-food bribe scandal.

United States backs Annan

WASHINGTON, March 30 (UPI) -- The United States Wednesday refused to support the call for U.N. Secretary-General Kofi Annan to resign.

Report: Swiss firm payed Annan son more

NEW YORK, March 23 (UPI) -- United Nations chief Kofi Annan's son got $300,000 from a Swiss firm that won a $60 million contract with Saddam Hussein's Iraq, it was reported Wednesday. Cotecna, the Swiss company that won a $60 million contract under the U.N. oil-for-food program, gav

Bono an unlikely World Bank head

WASHINGTON, March 15 (UPI) -- Bono is still in the running for the top job at the World Bank, according to the U.S. Treasury Secretary.
SHIHOKO GOTO, UPI Senior Business Correspondent

The Bear's Lair: Thank you, Mr. Greenspan

WASHINGTON, March 7 (UPI) -- "Thank you, Mr. Chamberlain," caroled the musical British after prime minister Neville Chamberlain returned from signing the 1938 Munich Agreement. This week, a

The U.N. reforms some of its practices

UNITED NATIONS, Feb. 15 (UPI) -- U.N. Deputy Secretary-General Louise Frechette says the world organization has begun reforming itself, changing procurement and internal oversight systems.

U.N. chief leaves London for Munich

LONDON, Feb. 11 (UPI) -- U.N. Secretary-General Kofi Annan has wrapped up his London visit and headed to Munich, Germany, where he is to deliver a major speech this weekend.

2 U.N. staff suspended in oil-food inquiry

UNITED NATIONS, Feb. 7 (UPI) -- Two high ranking employees at U.N. World Headquarters in New York have been suspended as a result of the Iraq Oil-for-Food Program investigation.

Iraq ambassador rebukes former U.N. chief

UNITED NATIONS, Feb. 4 (UPI) -- The Iraqi ambassador to the United Nations has criticized former U.N. Secretary-General Boutros Boutros-Ghali for his role in the Iraq oil-for-food program.

U.N. chief eagerly awaits oil-food report

UNITED NATIONS, Feb. 2 (UPI) -- Awaiting Thursday's report on the Iraq Oil-for-Food program, U.N. Secretary-General Kofi Annan says his organization is ready to improve itself.

U.N. welcomes critical inquiry paper

UNITED NATIONS, Jan. 10 (UPI) -- The United Nations Monday welcomed release of a preliminary, critical report by an independent panel investigating the U.N.'s Iraq Oil-for-Food Program.

After 2004, U.N. sees peace opportunities

UNITED NATIONS, Dec. 21 (UPI) -- U.N. Secretary-General Kofi Annan, after a rough 2004, sees 2005 as a year of opportunity for peace from Afghanistan and Iraq to Congo and Sudan.
Page 4 of 8
Paul Volcker
Paul Volcker, chairman of the President's Economic Recovery Advisory Board testifies before the Senate Banking Committee hearing on ways to modernize the U.S. financial regulatory system on Capitol Hill in Washington on February 4, 2009. UPI/Roger L. Wollenberg

Paul Adolph Volcker, Jr. (born September 5, 1927) is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and early 1980s. He was the Chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.

Volcker was born in Cape May, New Jersey, the son of Alma Louise (née Klippel) and Paul Adolph Volcker. His grandparents were all German immigrants. Volcker grew up in Teaneck, New Jersey, where his father was the township's first municipal manager. As a child, he attended his mother's Lutheran church, while his father went to an Episcopal church. Volcker graduated from Teaneck High School.

Volcker's undergraduate education was at Princeton University; he graduated in 1949. He earned his M.A. in political economy from Harvard University's Graduate School of Arts and Sciences and Graduate School of Public Administration in 1951 and then attended the London School of Economics from 1951 to 1952 as a Rotary Foundation Ambassadorial Fellow, under the Rotary's Ambassadorial Scholarships program.

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