Paul Volcker

Paul A. Volcker was Chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan.

Over the course of his career, Mr. Volcker worked in the Federal Government for almost 30 years, serving in office under five presidents—John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter, and Ronald Reagan. Prior to his appointment as Chairman of the Board of Governors of the Federal Reserve System, Mr. Volcker spent more than four years as President of the Federal Reserve Bank of New York.

Mr. Volcker returned to private life in 1987 by joining the firm of James D. Wolfensohn & Co., Inc. as Chairman, until his retirement in 1996. He is currently serving as director of, or consultant to, a number of corporations and nonprofit organizations.



General Brent Scowcroft, Eric Melby and Henry Siegman

General Brent Scowcroft, Eric Melby and Henry Siegman

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Will Greater Israel Transform into Greater Palestine?

The future for Israelis and Palestinians has never been bleaker than it is now, in the wake of the savage assault by two Palestinians on Jewish worshippers in a Jerusalem synagogue.

The trauma of the event falls most heavily on Israelis, for Palestinians in the West Bank have lived for some time now in despair of their future and the future of their children, seeing no end to Israel’s occupation. In contrast, many Israelis have believed that denying millions of Palestinians in the West Bank their right to self-determination and statehood is a “sustainable” state of affairs. This illusion has been shattered by the assault on the Jerusalem synagogue. Israelis are now experiencing some of the insecurity and hopelessness so deeply felt by Palestinians in the Occupied Territories, and also by Israel’s Arabs, particularly the ones in East Jerusalem.

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