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Topic: Paul Volcker


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In the News (Tue 22 Dec 09)

  
  Paul Volcker - Wikipedia, the free encyclopedia
Paul Adolph Volcker (born September 5, 1927), economist, is best-known as the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987).
Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s by limiting the growth of the money supply, abandoning the previous policy of targeting interest rates.
Volcker was a director of the United Nations Association of the United States of America from 2000-2004 prior to being appointed to the Independent Inquiry by Kofi Annan.
en.wikipedia.org /wiki/Paul_Volcker   (411 words)

  
 Paul A. Volcker   (Site not responding. Last check: 2007-11-03)
Volcker was asked by UN Secretary General Kofi Annan to chair the Independent Inquiry into the United Nations Oil for Food Programme.
Volcker retired as Chairman of Wolfensohn and Co. upon the merger of that firm with Bankers Trust.
Volcker is associated with the Japan Society, the Institute of International Economics, the American Assembly, and the American Council on Germany.
www.un.org /News/dh/iraq/paul_volcker.htm   (231 words)

  
 Commanding Heights : Paul Volcker | on PBS   (Site not responding. Last check: 2007-11-03)
PAUL VOLCKER: I don't know if I can quantify it, but it was a very persuasive argument -- the glories of a free-enterprise system, and at that time there was a pretty active debate about socialism, at least in the rest of the world, and to some degree it hit the United States.
PAUL VOLCKER: To the extent they were rooted in unfortunate interpretations of Keynesian doctrine, including this idea that inflation wasn't so bad and [that it was] better not try too hard to get rid of it, it had a common cause with the British problem, which was essentially deeper than ours was.
PAUL VOLCKER: The volatility and instantaneous nature of capital movements combined with the technology that leads everybody to be an expert on everything and leads to very quick decision making gives rise to a degree of volatility in exchange markets that is particularly damaging for smaller economies.
pbs.org /wgbh/commandingheights/shared/minitextlo/int_paulvolcker.html   (7680 words)

  
 First Measured Century: Interview: Paul Volcker
Paul Volcker was Chairman of the Board of Governors of the Federal Reserve System, 1979-87 and former Undersecretary of the Department of the Treasury and President of the Federal Reserve Bank of New York.
PAUL VOLCKER: Inflation is thought of as a cruel, and maybe the cruelest, tax because it hits in a many-sectored way, in an unplanned way, and it hits the people on a fixed income hardest.
PAUL VOLCKER: Well, the Federal Reserve had been attempting to deal with the inflation for some time, but I think in the 1970s, in past hindsight, anyway, [it] got behind the curve.
www.pbs.org /fmc/interviews/volcker.htm   (1521 words)

  
 Volcker, Paul Adolph. The Columbia Encyclopedia, Sixth Edition. 2001-05
Volcker was succeeded as Federal Reserve Board chairman by Alan Greenspan in 1987.
In 1999 an official panel he headed that investigated Swiss banks’ handling of the accounts of Holocaust victims issued a report that was critical of the banks but did not recommend any changes in a settlement reached in 1998 (see Holocaust).
Volcker became chairman of the International Accounting Standards Committee Foundation in 2000 and, in the wake of the Enron bankruptcy, headed (2002) an independent oversight board at Arthur Andersen, the accounting firm that was responsible for auditing Enron.
www.bartleby.com /65/vo/Volcker.html   (284 words)

  
 Paul A. Volcker - Federal Reserve Bank of New York   (Site not responding. Last check: 2007-11-03)
Paul Volcker became president on August 1, 1975, at the age of 47.
Volcker’s experience with the New York Fed began when he worked as a research assistant in the research department during the summers of 1949 and 1950.
Volcker became senior fellow at the Woodrow Wilson School of Public and International Affairs at Princeton University for the 1974-75 academic year.
www.ny.frb.org /aboutthefed/PVolckerbio.html   (296 words)

  
 PBS: Think Tank: Transcript for "A Conversation with Paul Volcker"
VOLCKER: Well, I began in -- I was born and bred in New Jersey, born in one end of the state in Cape May, and then lived in the northern part of the state during my part of the life that I knew what was going on.
VOLCKER: The thesis was going to be on comparing the transmission of monetary policy in Britain and in the United States, because Britain had a very different structure of the banking system.
Paul, there has been so much criticism of the way the government works now, you look back at the last ten years and the general comment has been there's not only this nasty bickering, but there has been gridlock, government doesn't work.
aolsvc.pbs.aol.com /thinktank/transcript894.html   (3931 words)

  
 Paul Volcker Speaks Frankly About Globalization - Global Policy Forum - Globalization
Paul A. Volcker is best known as the conservative, inflation fighting Chairman of the Board of Governors of the Federal Reserve System from 1979 through 1987.
Paul Volcker will be no Ramsey Clark - who went from being US Attorney General and chief law enforcement officer of the US Department of Injustice to being one of the most consistent critics and opponents of unjust US policies everywhere in the globe for over 30 years since leaving office.
Volcker is not going to join the 50 Years Is Enough Campaign and fight to reverse the tide of corporate sponsored globalization.
www.globalpolicy.org /globaliz/econ/volcker.htm   (1375 words)

  
 Paul Volcker - Nationwide Speakers Bureau
Paul A. Volcker currently is serving as director of, or consultant to, a number of corporations and non-profit organizations.
Volcker was Chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987, and is credited with the leading role in ending a period of high and rising inflation and restoring a base for sustained growth.
Volcker returned to private life, joining as Chairman of the firm of James D. Wolfensohn Inc., a company concentrating on the provision of investment banking services to a limited number of large domestic and international organizations.
www.nationwidespeakers.com /speaker/655/5   (644 words)

  
 Paul Adolph Volcker - SourceWatch
Paul Adolph Volcker's career is closely associated with that of the Federal Reserve Bank.
Volcker, believed to be a member of the Council on Foreign Relations, served as Undersecretary of the Treasury (69-74 before his time with the Federal Reserve.
Volcker is chairman of Wolfensohn and Co. and has ties to Chase Manhattan Bank.
www.disinfopedia.org /wiki.phtml?title=Paul_Adolph_Volcker&redirect=no   (231 words)

  
 Federal Reserve Bank of Minneapolis - The Region - Interview with Paul A. Volcker (December 1992)   (Site not responding. Last check: 2007-11-03)
Paul A. Volcker has been characterized as thoughtful and erudite—traits that served him well as chairman of the Fed's Board of Governors from 1979 to 1987.
Volcker may best be remembered as the man who "broke the back" of inflation, which was rampant at the time of his appointment by President Jimmy Carter.
As testament to Volcker's non-partisan management of the Fed and his dedication to the commonweal, he was reappointed to the chairmanship by President Ronald Reagan.
woodrow.mpls.frb.fed.us /pubs/region/92-12/int9212.cfm   (4291 words)

  
 Paul Volcker Rolls Up His Sleeves - Forbes.com   (Site not responding. Last check: 2007-11-03)
Volcker is not a man to spare the rod--not when he thinks it will have a salutary effect.
Volcker as Fed chairman had a reputation similar to the one currently enjoyed by his successor, Alan Greenspan.
Volcker's massive physical presence, his deep voice, even the enormous cigars he smoked all contributed to his mystique.
www.forbes.com /2002/02/04/0204volcker.html   (756 words)

  
 Time for Paul Volcker To Resign
Volcker will surely appreciate that in the corporate world, an independent inquiry into fraud and corrup­tion could not be headed by someone with strong ties and loyalties to the corporation being investigated.
Volcker to criticize the U.N. Secretary-General, despite the emergence of damaging evidence, represents a failure of leadership and calls into question both his neutrality and judgment.
Volcker to step aside and allow a new figure to head the U.N. Independent Inquiry Committee, to ensure that the leadership of the United Nations is held to account for the biggest scandal in the history of the world body.
www.heritage.org /Research/InternationalOrganizations/wm729.cfm   (1365 words)

  
 PAUL A. VOLCKER
Volcker served as Chairman of the Board of Governors of the U.S. Federal Reserve System.
Volcker divided the earlier stages of his career between the Federal Reserve Bank of New York, Chase Manhattan Bank, and the U.S. Treasury Department.
He is chairman of the Board of Trustees of the International Accounting Standards Committee, overseeing a renewed effort to develop consistent, high-quality accounting standards acceptable in all countries.
www.trilateral.org /membship/bios/pv.htm   (112 words)

  
 Encyclopedia: Paul Volcker
The Paul Volcker Committee (Independent Inquiry Committee) - Report that investigated the corruption and fraud in the UN Oil-for-Food Programme.
The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues, and to examine consequences of decisions made in the public and private sectors related to these issues.
Volcker's Fed is credited with ending the United States' inflation crisis of the early 1980s.
www.nationmaster.com /encyclopedia/Paul-Volcker   (1673 words)

  
 Investigator: Saddam money from smuggling - Conflict in Iraq - MSNBC.com
UNITED NATIONS - Paul Volcker, who is heading an investigation of alleged corruption in the U.N. oil-for-food program, said in an interview that most of the money illegally obtained by Saddam Hussein was from smuggling, which was known by the U.N. Security Council but not stopped.
Volcker refused to speculate on why the council didn’t stop the smuggling, but indicated the issue would likely be addressed in his reports.
Volcker stressed that his inquiry is focused on “what went wrong or right inside the U.N.” in managing the oil-for-food program.
www.msnbc.msn.com /id/6760426   (735 words)

  
 Paul Volcker Biography / Biography of Paul Volcker Biography
As chairman of the Federal Reserve Board during one of the most turbulent periods in U.S. monetary history, Paul Volcker (born 1927) helped lower double-digit inflation rates in the early 1980s and ushered in an era of financial deregulation and innovation.
Paul Adolf Volcker was born in Cape May, NJ, on September 5, 1927.
Volcker left the Federal Reserve Bank of New York in 1957 to become a financial economist with Chase Manhattan Bank.
www.bookrags.com /biography-paul-volcker   (242 words)

  
 Educate Yourself - Paul Volker - Part 1   (Site not responding. Last check: 2007-11-03)
Paul Volcker was a career civil servant and central banker who, among his various positions, served as Under Secretary of the Treasury under Richard Nixon and then president of the New York Federal Reserve Bank.
Volcker was an imposing figure, 6'7" to be exact, and a major player on the world financial stage as the year 1979 unwound.
Volcker was confirmed by Congress on August 2 and then sworn in on August 6.
www.buyandhold.com /bh/en/education/history/2000/paul_volker1.html   (1543 words)

  
 Washingtonpost.com: Live Online
But Paul Volcker and our Commissioners came to the conclusion early on that the first step in reform of the public service HAD to be a fundamental reorganization of government into mission centered departments.
Volcker indicated that he did not believe OPM had the capacity to address federal personnel issues.
Volcker says the government is not ready to meet the needs of the 21st century.
discuss.washingtonpost.com /zforum/02/r_politics_federaldiary011503.htm   (2564 words)

  
 Paul Volcker, Maurice Strong-- Bankrupting America   (Site not responding. Last check: 2007-11-03)
Further, Volcker worries that a serious economic crisis is "unavoidable" as the U.S. economy is struggling with what he sees as a "hopelessly unsustainable relationship" with the rest of the world.
Volcker is making his gloomy predictions for a U.S. inevitable economic crisis even as he probes the multi-billion-dollar UN oil-for-food frauds which appears to have financed BNP Paribas's network of UN Global Trade Centers before the 9/11 mercenaries destroyed its World Trade Center competitors.
Both Paul Volcker and Maurice Strong have a case of incurable "UNitis" and both are calling for the ultimate collapse of the U.S. economy.
www.torontofreepress.com /2005/cover061405.htm   (845 words)

  
 Paul Volcker: "The Time is Right for Reshaping Government for the Twenty-First Century"   (Site not responding. Last check: 2007-11-03)
In a speech to the Excellence in Government conference today, Paul A. Volcker, Chairman of the National Commission on the Public Service, declared that the "time is right" for a fundamental reorganization of the federal government to meet the challenges of a new era.
In his address, Volcker cited increasing levels of public distrust of the federal government as evidence of the necessity for reform.
Volcker additionally addressed the federal government's need to attract and retain the best and brightest to government, to sustain and encourage effective leadership, and to provide employees with the tools and flexibility necessary to perform their jobs.
www.brook.edu /comm/news/20020717volcker.htm   (697 words)

  
 The House Of Wheels: Problems at the UN
Volcker said the major source of illicit funds to Iraq was from smuggling, to Jordan, to Turkey, eventually to Syria, and then to Egypt.
And he's able to get away with this because Kofi Annan, upon hiring Paul Volcker to do this investigation, didn't obey UN Staff Regulations which would require him to "file financial disclosure statements upon appointment".
Volcker has not done any of this, and thus cannot - under UN regulations - be hired to complete the report into the biggest corruption in the UN's history.
wheels128.blogspot.com /2005/02/problems-at-un.html   (827 words)

  
 Larry Kudlow on Paul Volcker and Arthur Andersen on NRO Financial   (Site not responding. Last check: 2007-11-03)
Volcker would take the helm of this board, which would include graybeards like John C. Bogle, the former Vanguard investment-management head; Roy Vagelos, the retired CEO of Merck and Co.; and retired Sen. John C. Danforth.
Volcker, like Wall Street and many in the investor class, understands the high stakes of the Andersen situation, and his reforms are the right ones — not just for this company but for the industry.
The Volcker plan hinges on a large settlement — perhaps $750 million — with the SEC and plaintiff attorneys representing Enron creditors and stock-owning employees.
www.nationalreview.com /kudlow/kudlow032702.asp   (930 words)

  
 The Volcker Oil-for-Food Investigation: Is There a Conflict of Interest?
Paul Volcker heads a three-member committee consisting of Volcker, South African Justice Richard Goldstone, and Mark Pieth, a Swiss law professor.
But in the case of Paul Volcker and the Independent Inquiry Committee, there is an apparent conflict of interest that brings into question whether the Committee can objectively investigate the United Nations.
Volcker does disclose his other institutional affiliations—such as the Trilateral Commission, the Institute of International Economics, the American Assembly, and the American Council on Germany—but is seemingly shy about his work with the United Nations Association.
www.heritage.org /Research/InternationalOrganizations/wm641.cfm   (1286 words)

  
 Questions for Paul Volcker - The Washington Times: Editorials/OP-ED - February 01, 2005   (Site not responding. Last check: 2007-11-03)
Volcker, a former Federal Reserve chairman, is an honorable man. But recently, Heritage Foundation scholar Nile Gardiner and Fox News Channel correspondent Jonathan Hunt have reported new information suggesting the Volcker probe could be sidetracked by questions about his personal and business relationships with potential targets of the investigation.
Volcker was appointed to head the Oil for Food investigation, it was not well known that he was a director of the U.N. Association of the United States of America.
Volcker needs to come forward to clarify his side of the story in detail, in order to answer the questions being raised by the public and by members of Congress about his relationships with potential targets of the investigation.
washingtontimes.com /op-ed/20050131-094233-7432r.htm   (624 words)

  
 Amazon.com: Paul Volcker : The Making of a Financial Legend: Books   (Site not responding. Last check: 2007-11-03)
Volcker could appear insensitive in public, but Treaster enters into his family life as well; particularly touching is Volcker's relationship with his son, who has cerebral palsy.Treaster's depiction of Volcker's honesty and resilience highlights some attributes that American policy makers should keep in mind as the Greenspan era draws to a close.
This cleverly-constructed biography not only reminds us of Paul Volcker's tough-minded role in taming inflation in the perilous economy of the '80s into the '90s, but it provide potent insights into his personal life--elements that laid the foundation for the clear thinking, determination and honesty that the American economy still benefits from today.
Volcker's city manager/father passed to his son a belief in the worthiness of public service and the need for absolute integrity and perception of integrity.
www.amazon.com /exec/obidos/tg/detail/-/0471428124?v=glance   (2308 words)

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