Alum Ben Bernanke Is Selected by Bush As Chair of Reserve|
President Bush named Ben S. Bernanke PhD ’79, head of the Council of Economic Advisers, to replace Alan Greenspan as Chairman of the Federal Reserve yesterday. The selection could leave Bush’s economic legacy in the hands of the MIT alumnus if Bernanke is approved by the Senate.
In Upcoming Election, City Council Candidates Address College Issues
Cambridge City Council elections will be held Nov. 8, with 18 candidates running for a spot on the nine-person council. All nine incumbents are running this year; in 2003, all of the current councillors were re-elected.
Professor Develops Stem Cell Guidelines
The cloning of Dolly the sheep in 1997 was the first of many experiments that caused the public and the scientific community alike to consider the ethical, legal, scientific, and policy issues that naturally follow such a breakthrough. Although it took 277 attempts before scientists finally managed to produce Dolly, the process was considered a success and repeated many times in other animals.
City Seeks PILOT Alternatives; Cambridge’s Voting System
When the city council passed a Sept. 12 policy order proposing a one percent tax on interest exceeding $1 million earned from university endowments, it received unanimous support in the council, said Councillor Kenneth E. Reeves. Now, however, Councillor Brian Murphy said the order is “highly unlikely to pass the Massachusetts legislature.”
WORLD AND NATION
Cheney Told Aide About CIA Agent Wilson Prior to Leak