Alan Greenspan Dies at 100 — Former Fed Chair's Legacy Shaped by Crisis He Didn't Prevent
Alan Greenspan, former chairman of the Federal Reserve, has died at the age of 100 from complications of Parkinson's disease. He led the Fed for 18 years from 1987 to 2006, guiding the longest US economic expansion on record, but his legacy was later clouded by the financial crisis that followed his tenure. The Fed stated his legacy "endures in those he mentored and the frameworks he helped shape." Former Atlanta Fed President Dennis Lockhart also comments on the path ahead for new Fed Chair Kevin Warsh.
Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications of Parkinson’s disease. Greenspan served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted after he stepped down. In a statement on Monday, the Fed said, “Chairman Greenspan’s legacy endures at the Federal Reserve in those he mentored directly, in the economists and public servants he inspired, and in the frameworks and practices he helped shape.” Dennis Lockhart, former Atlanta Fed President, joins Bloomberg Intelligence Radio to discuss Greenspan's life and legacy, as well as what lies ahead for newly minted Chairman Kevin Warsh. (Source: Bloomberg)
Norway defeated Senegal 3-2 to maintain a perfect record after two group-stage matches at the World Cup. The result sets up a direct top-of-Group-I showdown between Norway and France. The Haaland vs. Mbappé duel is now the most anticipated fixture of the group stage.
Ukraine's permanent representative to the UN, Andriy Melnik, stated on Monday at an emergency UN Security Council session that Kyiv remains ready for direct negotiations with Russia. However, he warned that Ukraine's patience is not unlimited. The statement was reported by the Ukrinform news agency.
Canada has unveiled a nuclear strategy to build 10 new reactors within 15 years, double its uranium exports, and sell Canadian-designed reactors abroad. Energy Minister Tim Hodgson called the plan a "new civilian nuclear renaissance." It represents one of the country's most ambitious expansions of atomic energy.
Giannis Antetokounmpo has been traded to the Miami Heat in one of the NBA's biggest moves in years. Miami now faces the challenge of building a winning roster around both Giannis and Bam Adebayo. NBA insiders are also examining what comes next for the Milwaukee Bucks after losing their franchise player.
Orlen Oil Motor Lublin suffered their heaviest ever defeat in the PGE Ekstraliga on Sunday at the Motoarena in Toruń. The club, competing in the top Polish speedway league since 2019, previously had a worst score of 34 points, but this result fell even below that mark. The loss was compounded by the absence of Fredrik Lindgren.
Talent and brand advisory firm UTA announced the launch of its Culture Index at the Cannes Lions festival, a new tool designed to measure the cultural impact of brands. The company argues that culture has always been a business driver, shaping how time and money are spent for decades and even centuries. The index aims to give brands a quantifiable way to assess that influence.
Walmart is launching its own TV series, including "Join the Club" and "Backyard Escapes," distributed directly to users of Vizio smart TVs, the manufacturer Walmart acquired in 2024. The shows feature products available for purchase in-store or online, aiming to drive shopping before customers even visit a Walmart location. The initiative is part of a broader strategy merging entertainment with retail commerce.
A smartphone priced at around 1,000 PLN (roughly $250) boasts a 7,200 mAh battery, surpassing the capacity found in many tablets and high-end flagship phones. The device challenges premium handsets on one of the most important specs for everyday users — battery life. It represents a growing trend of budget phones outperforming flagships in key areas.
A growing number of Polish women entrepreneurs are choosing to build their careers in Poland rather than emigrate abroad for better pay or opportunities. The old notion that professional success requires moving overseas is losing ground. Instead, these businesswomen are staying local while actively pursuing international partnerships and collaboration.
Erling Haaland scored again as Norway won their second match at the World Cup, with the Manchester City striker playing a key role in the victory. The feat placed him in an elite group of only six players in football history to achieve this milestone, including Poland's Grzegorz Lato. The specific record he matched was not detailed in the source text.
Lionel Messi missed a penalty kick in the opening minutes of Argentina's match against Austria. Speaking after the game, the Argentine star did not hide his frustration, saying: "I took it really badly." Messi admitted he was very angry with himself over the missed spot-kick.
A Tuesday poll by UCE Research commissioned by Onet found that more than one in five Poles supports full public disclosure of doctor contracts funded by public money. The survey reveals strong public expectations for transparency in how healthcare funds are spent in Poland.
Argentine football fans flooded Dallas for the 2026 World Cup, turning the Texas city into a de facto Buenos Aires outpost. Streets, bars and fan zones were packed with supporters dressed in the iconic blue-and-white albiceleste colours. Dallas became the unofficial capital of Argentine football fandom during the tournament.
Europe's highly fragmented logistics market is undergoing a wave of consolidation driven by economic pressures and generational change in family-owned firms. Business owners without heirs are increasingly looking to sell, making them attractive acquisition targets for larger operators. The trend is reshaping the continent's transport and freight sector.
European stock markets fell at the open as a broad selloff in the technology sector weighed on indices across the continent. Investors reacted to sliding valuations among global tech companies, pulling down benchmarks in major European exchanges. Market sentiment remained cautious amid rising volatility.
Algeria came from behind to beat Jordan 2-1 in California on Monday evening, securing a place in the 2026 World Cup knockout round. Second-half goals from substitute Nadhir Benbouali and Amine Gouiri sealed the comeback win. It was Algeria's first World Cup victory since 2014.
Psychologist Agnieszka Stein explains that parents will always experience difficult emotions, but what matters is how they handle them. Suppressed or unaddressed feelings can negatively affect parenting and family relationships. Stein offers guidance on being an authentic parent while shielding children from emotional overload.
Ten years after the Brexit referendum, CNBC has compiled charts tracking how the UK has changed across GDP growth, immigration, the pound sterling, trade patterns and the political landscape. Growth has been slower and the pound weaker compared to pre-vote levels. Immigration patterns and trade flows have both shifted significantly over the decade.
Honor has officially launched the X80 Pro Max, featuring the largest battery the brand has ever put in a smartphone at 8,000 mAh. The device targets users who prioritize long battery life above all else. The X80 Pro Max places Honor among the top contenders in the high-capacity battery smartphone segment.
A Grant Thornton analysis revealed that nearly 25,000 login credentials stolen from Polish universities are circulating online. Security researchers also found 60,000 vulnerabilities in university IT systems across the country. The findings, reported by Rzeczpospolita, highlight a systemic cybersecurity failure in Polish higher education.
Comments
Loading…
Swipe up
⚡
You're all caught up
You've seen all the latest stories. Check back later for more.
Comments
No comments yet — be the first to weigh in 👇
No comments yet. Be the first!