Alan Greenspan was celebrated as a master of monetary policy during his long chairmanship of the Federal Reserve, from 1987 to 2006. But policies put in place during Greenspan's tenure have been blamed by some for the financial crisis that began shortly after he left, and the so-called Great Recession.
The former treasurer of Spain's ruling party said in court Friday that he delivered 7,500 euros in cash to the party's secretary-general, the latest fallout in a political slush fund scandal that has embroiled the Popular Party.
"I delivered the envelope" to Maria Dolores de Cospedal, Luis Barcenas said via videoconference at his trial.
Originally published on Fri October 18, 2013 2:01 pm
Saudi Arabia says it will turn down a two-year seat on the United Nation's Security Council in protest over "double standards" in resolving international conflicts.
"Saudi Arabia ... is refraining from taking membership of the U.N. Security Council until it has reformed so it can effectively and practically perform its duties and discharge its responsibilities in maintaining international security and peace," said a Foreign Ministry statement issued on state media.
Everybody calls Treasury bills T-bills, and they work like this: The government promises to pay holders of T-bills a specific amount on a specific day in the near future. For the T-bill I bought, the government promised to pay $1,000 on Oct. 31.
I bought the T-bill on Tuesday, before Congress had made the debt-ceiling deal, so it was unclear whether I would get paid back on time.