Donald Thomas Regan (December 21, 1918 - June 10, 2003) was the 66th United States Secretary of the Treasury, from 1981 to 1985, and Chief of Staff from 1985 to 1987 in the Ronald Reagan Administra...
Donald Thomas Regan (December 21, 1918 - June 10, 2003) was the 66th United States Secretary of the Treasury, from 1981 to 1985, and Chief of Staff from 1985 to 1987 in the Ronald Reagan Administration, where he advocated "Reaganomics" and tax cuts to create jobs and stimulate production. Regan was criticized for his Prime Ministerial style of working, for his involvement in the Iran-Contra Affair, and for his frequent disagreements with Ronald Reagan's wife, First Lady Nancy Reagan.
Merrill Lynch & Co., Inc. is a global financial services firm owned by Bank of America now known as Bank of America Merrill Lynch. The firm was acquired by Bank of America under distressed circumstances during the 2008 Financial Crisis. This article describes both the historical Merrill Lynch and its ongoing operations as a subsidiary of the bank. Merrill Lynch provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related financial services worldwide. Merrill Lynch is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan. On September 14, 2008 Bank of America announced its intention to acquire Merrill Lynch for Bank of America common stock. Under the terms of the agreement Merrill Lynch shareholders receive 0.8595 shares of Bank of America common stock for each Merrill Lynch common share. Shareholders of both companies approved the acquisition on December 5, 2008 which took effect January 1, 2009.
Nelson Aldrich Rockefeller (July 8, 1908 - January 26, 1979) was the 41st Vice President of the United States, the 49th governor of New York, a philanthropist, and a businessman.
A leader of the liberal wing of the Republican Party, he was Governor of New York from 1959 to 1973, where he launched many construction and modernization projects. A member of two of the world's richest families, he failed repeatedly in his attempts to become president, but he was appointed Vice President in 1974. He served from 1974 to 1977, but did not join the 1976 GOP national ticket with President Gerald Ford. He retired from politics when his term as Vice President was over.
The Trilateral Commission is a private organization, established to foster closer cooperation among the United States, Europe and Japan. It was founded in July 1973 at the initiative of David Rockefeller, who was Chairman of the Council on Foreign Relations at that time. The Trilateral Commission is widely seen as a counterpart to the Council on Foreign Relations.
Zbigniew Kazimierz Brzezinski (born March 28, 1928, Warsaw, Poland) is a Polish-born American political scientist, geostrategist, and statesman who served as United States National Security Advisor to President Jimmy Carter from 1977 to 1981. Known for his hawkish foreign policy at a time when the Democratic Party was increasingly dovish, he is a foreign policy "realist" and considered by some to be the Democrats' response to Republican Henry Kissinger.
John Maynard Keynes, 1st Baron Keynes, CB (5 June 1883 - 21 April 1946) was a British economist whose ideas have been a central influence on modern macroeconomics, both in theory and practice. He advocated interventionist government policy, by which governments would use fiscal and monetary measures to mitigate the adverse effects of business cycles, economic recessions, and depressions. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.
In the 1930s, Keynes spearheaded a revolution in economic thinking, overturning the older ideas of neoclassical economics that held that free markets would automatically provide full employment as long as workers were flexible in their wage demands. Following the outbreak of World War II Keynes's ideas concerning economic policy were adopted by leading Western economies. During the 1950s and 1960s, the success of Keynesian economics was so resounding that almost all capitalist governments adopted its policy recommendations.
Keynes's influence waned in the 1970s, partly as a result of problems that began to afflict the Anglo-American economies from the start of the decades, and partly due to critiques from Milton Friedman and other economists who were pessimistic about the ability of governments to regulate the business cycle with fiscal policy. However, the advent of the global financial crisis in 2007 has caused a resurgence in Keynesian thought. Keynesian economics has provided the theoretical underpinning for the plans of President Barack Obama, Prime Minister Gordon Brown and other global leaders to ease the recession.
