The Almanac

Today is Thursday, Sept. 5, the 248th day of 2002 with 117 to follow.
By United Press International

Washington Agenda-General

By United Press International

What U.S. newspapers are saying

U.S. newspaper editorial comment on issues of international interest.

Bear's Lair: Retribution -- who and how?

WASHINGTON, June 17 (UPI) -- The Arthur Andersen verdict is the first major act of retribution for the excesses of the '90s; one of the "Big 5" accounting firms appears to have been forced out of business. It of course raises the question: If the guillotine is to be applied to the pe
MARTIN HUTCHINSON, UPI Business and Economics Editor

Analysis: The cost of forgiveness, Pt. 2

SKOPJE, Macedonia, April 19 (UPI) -- It is an irony of history that the struggle of the Sudeten Germans is greatly aided by the recent successful settlement of claims of -- mostly Jewish -- holocaust victims
SAM VAKNIN, UPI Senior Business Correspondent

7,000 positions cut at Arthur Andersen

CHICAGO, April 8 (UPI) -- Beleaguered accounting giant Arthur Andersen LLP Monday began cutting about 7,000 positions, about a quarter of its U.S. work force, mostly in its audit and adm

Think tanks wrap-up

WASHINGTON, April 4 (UPI) -- The UPI think tank wrap-up is a daily digest covering brief opinion pieces, reactions to recent news events and position statements released by various think tanks.

Andersen Worldwide gets acting CEO

LONDON, April 4 (UPI) -- Andersen Worldwide Thursday named Aldo Cardoso acting chief executive officer, replacing Joseph Berardino who resigned last week in the wake of the federal obst

Volcker: Andersen rescue can work

NEW YORK, March 29 (UPI) --

Andersen partners chart new course

CHICAGO, March 28 (UPI) -- Senior partners of Arthur Andersen LLP held a nationwide closed-circuit video conference Thursday to chart a survival strategy for the embattled accounting firm

Andersen cited in Waste Management suit

A securities fraud lawsuit filed against six former Waste Management Inc. executives by the Securities and Exchange Commission also accused former Enron Corp. a

Embattled Andersen CEO steps down

CHICAGO, March 26 (UPI) -- Joseph Berardino, Arthur Andersen LLP's embattled chief executive officer, stepped down Tuesday in an effort to save the auditing firm from the government's cri

Analysis: Greenspan wins the wrong war

WASHINGTON, March 19 (UPI) -- The announcement Tuesday that the Fed has shifted its stance on short-term interest rates to neutral, with inflation and recession risks being "balanced," marks
MARTIN HUTCHINSON, UPI Business and Economics Editor

Options dim for Arthur Andersen

CHICAGO, March 14 (UPI) -- Now that Arthur Andersen LLP has told the federal government it will not plead guilty to obstruction of justice charges related to the Enron Corp. debacle, the

Andersen seeks buyer, talks with Deloitte

CHICAGO, March 11 (UPI) -- Enron Corp. auditor Arthur Andersen LLP reportedly opened talks last week with rival Big Five accounting giant Deloitte Touche Tohmatsu, the world's third-large
Page 7 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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