BANKING & FINANCE - Feb. 27, 1992
- Share via
Senate Panel OKs Second Term for Greenspan: Despite criticism that Federal Reserve chief Alan Greenspan has not done enough to stimulate the stagnant economy, the Senate Banking Committee voted to give him a second term as chairman. The committee voted 20-1 in favor of Greenspan even though many have accused the Fed chief of being too passive in his handling of the economy. Greenspan is respected in Congress, but some lawmakers have accused him of being too slow to recognize the depth of the recession and too timid in cutting interest rates. Greenspan, 66, was first appointed by President Reagan. The nomination now goes for a final vote before the full Senate.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
