William McChesney Martin

Article Abstract:

Former Federal Reserve Bank Chairman William McChesney Martin was responsible for the greatest period of economic growth in the US during 1961-69. Martin was Chairman of the bank from 1951 to 1970 and is accredited with initiating the bank's indpendence from the US Treasury Department. The bank manages the economy by relaxing interest rates when the economy needs stimulating and raising interest rates when the economy is expanding too rapidly. Martin came from a wealthy banking family, with his father involved in the formation of the Federal Reserve Act of 1913. Martin died on July 27 1998.

Obituary, Officials and employees, Federal Reserve banks, Bankers, Martin, William McChesney

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New flames from an old fire

Article Abstract:

Historical evidence shows a pattern to American race riots: they seem to happen when police brutality sparks anger in black crowds and violence erupts against the police and unpopular white targets. In 1965, the Watts riot led to numerous ghetto riots and the violence continued until 1968. Sometimes the poor social conditions are endured and other times violence breaks out. Sometimes the violence is committed against black people by white authorities and misreported.

Social aspects, United States, Analysis, African Americans, Los Angeles, California, Race relations, Los Angeles, California, Riots, 1992, Rodney King Verdict Aftermath, 1992, Watts Riot, 1965

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From Johnson to Clinton

Article Abstract:

The impeachment of President Bill Clinton clearly highlights how bitter politics has become in the US. It seems likely that political divisions will now widen as Clinton faces a Senate trial. Developments over the next few months will have a negative impact on the US, and therefore on the rest of the world. The reputation of both the presidency and the Congress will be damaged, and the American system as a whole will also have been diminished.

Investigations, Clinton, Bill, Column, Political aspects, Presidents, Presidents (Government), Impeachments, Impeachment, Misconduct in office

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