According to reports Janet Yellen is likely to be announced today as the first female chair of the Federal Reserve. Yellen’s nomination would come after the withdrawal of Larry Summers who proved too controversial to be confirmed by the Senate. Yellen is currently a vice chairwoman at the Fed and is currently considered to face an easy confirmation process by the Senate.
|By: DSWright Wednesday October 9, 2013 6:52 am|
|By: spocko Friday September 20, 2013 6:40 pm|
I’m sitting outside in a cafe on a rare sunny day in my part of SF, reading a fascinating book, Nexus, about the next stage in human evolution. Will we use our technology for creation or destruction? To lift people up or enslave them? Will we lead with compassion and love or hate and anger?
Two guys sit next to me. One, late 20′s Asian in a tee shirt, the other a “bro” in sunglasses and a faux tux shirt. Think 20-something, less-handsome Christian Bale from the movie American Psycho.
Bro starts talking about a girl he met while with his girlfriend, Hailey, at a bar. He describes her as “ugly, like Windows 8″ (which was kind of clever, but clearly it was a new joke he was working) and talks about giving her advice on men and suggests she lose weight. He sells it to her with the line, “I wouldn’t be telling you this if I didn’t think you had potential.” His girlfriend, “Gave me a talking to about this, but it felt good though to tell an ugly girl to lose 20 pounds.” he said laughing.
|By: Jon Walker Monday September 16, 2013 3:03 pm|
If we had a functioning Senate a handful of liberal senators could easily be ignored. The President could instead move his proposal slightly more to the right to reach out to Senate Republicans to make up for any votes he lost on his left flank. With the current makeup of the Republican party this option is no longer viable.
|By: DSWright Monday September 16, 2013 7:40 am|
In a stinging rebuke to the forces of financial deregulation in general, and the Robert Rubin clique in particular, Larry Summers withdrew his name from consideration for Chairman of the Federal Reserve after it became clear he could not be confirmed. The withdrawal marks a major failure for a man whose path to power seemed unstoppable despite having a career defined by helping cause the financial crisis of 2008.
|By: David Swanson Monday September 16, 2013 6:57 am|
Larry Summers has proven unacceptable to oversee the continued destruction of the U.S. economy. The U.S. public has successfully rejected proposed missile strikes on Syria. My Congressman was among the majority who listened. Today was beautiful. The Orioles won. The Cowboys lost. The University of Virginia avoided losing by not playing. My family is expecting a new baby. I’ve finished a new book, which Kathy Kelly has written a beautiful foreword for. I have a sense that if the universe were right now campaigning on “hope and change” I might seriously consider voting for it.
|By: masaccio Sunday September 15, 2013 10:34 am|
For the rich sleazoids who caused the Great Crash, it’s hard to decide which mansion to live in today. You losers should suffer for their entertainment.
|By: Jon Walker Friday September 13, 2013 8:30 am|
President Obama still seems fairly determined to pick his close friend Larry Summers to run the Federal Reserve but the path to his Senate confirmation has just gotten a bit trickier. John Cornyn, the second highest ranking Senate Republicans, now says he will oppose Summers.
|By: Phoenix Woman Saturday September 7, 2013 6:45 am|
I love Elizabeth Warren. She is exactly who Teddy Kennedy would have wanted in his Senate seat, and if there is an afterlife I’m sure he’s smiling as he watches her outfox the people trying to neutralize her.
|By: Dean Baker Saturday August 31, 2013 11:05 am|
Ezra Klein gives us some terrifying news in a Bloomberg column today. President Obama’s economic team think they are doing a great job, hence the desire to bring back former teammate Larry Summers as Fed chair. This is terrifying because the economy this Labor Day is described by a set of statistics that can only be described as horrible.
|By: DSWright Thursday August 22, 2013 10:00 am|
Senior Chinese Communist Party leaders have been briefing party members about the dangers facing the party in the coming years. Identified in a secret memo as the “seven perils”, the concerns center around Western ideas creeping into Chinese society and the threat they pose to the party’s continued dominance of the country.