Accountants divided on post-Enron future

WASHINGTON, Feb. 14 (UPI) -- Enron and Arthur Andersen were allegedly in league to deliberately misinform investors, but is there any way to prevent another blowup from happening?
SHIHOKO GOTO, UPI Senior Business Correspondent

Enron's Lay will accept subpoenas

WASHINGTON, Feb. 5 (UPI) -- A lawyer for former Enron Chairman Kenneth Lay said Tuesday his client will accept congressional subpoenas after earlier questions concerning his whereabouts, a

Enron's Lay subpoenaed to testify

WASHINGTON, Feb. 5 (UPI) -- The Senate Commerce and Science Committee Tuesday unanimously voted to subpoena former Enron Chairman Kenneth Lay, who refused to testify before the panel the d

Enron's Lay declines to testify

WASHINGTON, Feb. 4 (UPI) -- Senate hearings on Enron's collapse were cancelled abruptly Sunday after Kenneth Lay, former chairman and chief executive officer of the energy company, said he

Enron auditor hires Paul Volcker

WASHINGTON, Feb. 3 (UPI) -- The big-five accounting firm Arthur Andersen Sunday said it has hired former Federal Reserve Chairman Paul Volcker to help it make changes in operational practices in light of the Enron collapse and allegations it ignored auditing standards in its reporti

Former Enron auditor hires Volcker

NEW YORK, Feb. 3 (UPI) -- Big five accounting firm Arthur Andersen Sunday said it has hired former Federal Reserve Chairman Paul Volcker to help it make changes in operational practices in light of the Enron collapse. Andersen, fired as the energy company's auditor, is accused by

Analysis: How 1979 created 2002

NEW YORK, Jan. 2 (UPI) -- When we look back at recent history in light of the events of Sept. 11, it becomes clear that the year 1979 was key to the transition between the Cold War world
JAMES CHAPIN, UPI National Political Analyst

Coach Marty rescues football's losers

WASHINGTON, Nov. 27 (UPI) -- The Redskins are now "Five and Five." This is not quite on a par with saying Jack Dempsey has knocked out the Wild Bull of the Pampas, the New York Yankees have
MARTIN SIEFF, UPI Senior News Analyst

Washington Agenda - General News Events

By United Press International

Washington Agenda - Weekahead

By United Press International

Inevitable recovery

LITTLE ROCK, Ark., Oct. 25 (UPI) -- The U.S. economy, even before the recent terrorist attacks, was exhibiting signs of weakness.
GREG KAZA, Special to United Press International
Page 8 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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