Tag Archives: recent business news

In recent business news, much attention has been devoted to public pronouncements by Alan Greenspan, former and long-time chairman of the United States Federal Reserve, on the causes of the global economic recession that has been inhibiting financial activity and growth since 2008 and the best course to be taken for future economic safeguards. In the past, during Greenspan’s long, respected tenure heading the Fed, which lasted from 1987 to 2006, any public statement made by the highly reputable financial “Maestro” would reliably be pounced on by media outlets as a major item of breaking business news. Though Greenspan has since been replaced in thus function by Ben Bernanke, his words still carry great weight in the national media, and he has regained, albeit briefly, his place in breaking business news by releasing details of the argument made in a paper presented to the Brookings Institute on March 19 which address the perceived role that his leadership of the Fed played in paving the way for the severe economic recession. An important item in recent business news closely related to the overall weakening of general economic activity was the bursting of the financial bubble that had emerged … Continue reading