Rudy Giuliani claims to have "cleaned up New York," but that credit should actually go to Bill Clinton. What people are forgetting is that President Clinton made it possible by putting more than 100,ooo new cops on the streets of American cities. Remember? Yeah, that's the president's job: he's the head of the Executive branch, which oversees law enforcement.
And in other news,
In a videoconference with Hong Kong investors, former Federal Reserve chairman Alan Greenspan said that America might sink into recession by year's end; a frenzied worldwide sell-off ensued. The Shanghai Composite lost 8.8 percent of its value in a day and the Dow Jones Industrial Average lost 3.3 percent, its worst drop since September 17, 2001. "Alan Greenspan really needs to sit down," said one economist, "and be quiet." Others marveled at the ability of "the Maestro" to cause upheavals even in retirement; Greenspan later held another videoconference, for which he charges fees of $150,000, and said that a recession was "not probable."
Thanks for the clarity, Mr. Greenspan. Shut up and retire already. Aren't you wealthy enough? Or is the income gap not large enough for you yet?
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