Chinese Communist Party Memo Warns of ‘Seven Perils’

By: 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.

Sen. Cantwell Wants a Mea Culpa From Larry Summers

By: Friday August 16, 2013 7:28 am

Larry Summers’ path to confirmation to the Federal Reserves runs through the Senate Finance Committee, which Sen. Maria Cantwell (D-WA) sits on, and Cantwell doesn’t sound happy about his possible nomination.

NYT Tells Readers Larry Summers Too Ineffectual as Treasury Secretary to Get Attention to Regulatory Efforts

By: Wednesday August 14, 2013 6:24 pm

The supporters of Larry Summers drive to be Fed chair are desperately trying to rewrite history so that this world class champion of financial deregulation was actually a prescient supporter of tighter regulation all along. Exhibit A in this historical rewriting is a report on predatory lending that the Department of Housing and Urban Development (HUD) and the Treasury Department put out in 2000, when Summers was Treasury Secretary. The report is featured as an example of Summers’ commitment to regulation in a NYT article comparing Larry Summers’ and Janet Yellen’s record on regulation.

Center For American Progress Says Larry Summers ‘Not A Wall Street Guy’

By: Wednesday August 14, 2013 11:15 am

The Center for American Progress (CAP), a progressive front group for corporate Democrats, has decided to go on the record in assisting Larry Summers’ quest to become Chairman of the Federal Reserve.

Why Is No One Pushing Larry Summers for Vice Chair?

By: Wednesday August 7, 2013 10:25 am

It would then seem there should be an obvious compromise to this situation. If this is really about having the Federal Reserve “benefit” from Summers’ unique intelligence then promote Yellen to Chair and nominate Summers for Vice Chair.

Sunstein Pretends Not to Understand Cronyism

By: Tuesday August 6, 2013 5:22 pm

Pretending that Summers’ personal friends’ support of him is somehow a noteworthy proof of his ability is just insulting. A big complaint against Summers is that only big supporters are his friends. Clearly, Summers is just lucky he has powerful friends, since no one who doesn’t have a personal connection has offered a real case for Summers based on merit.

Larry Summers and Financial Crises: Is He Being Graded on Attendance?

By: Thursday August 1, 2013 6:00 pm

According to Ezra Klein, a major plus in the case for Larry Summers as Fed chair is his experience dealing with financial crises. While it is true that he took a leadership role in dealing with far more crises than Janet Yellen, the other leading contender for the job, it is hard to believe that his record in this area would be a plus if he was being graded by the outcomes.

Not Even Wall Street Wants Larry Summers at the Fed

By: Monday July 29, 2013 9:59 am

Summers is even less popular with Wall Street than he is with liberal bloggers and Democratic senators.

Senate Democrats Push Janet Yellen Over Larry Summers to Lead the Federal Reserve

By: Friday July 26, 2013 1:05 pm

The Larry Summers trial balloon is behaving as if it was filled with lead. Not only have many liberal and economic bloggers strongly criticized the prospect of President Obama nominating Summers to run the Federal Reserve, but several prominent Democrats are actively lobbying for Obama to choose Vice Chairman Janet Yellen as the next Chairman instead.

Obama Must Just Really Like Larry Summers

By: Thursday July 25, 2013 10:20 am

As best as I can tell the only reason Larry Summers maybe President Obama’s top choice to head the Federal Reserve is that Obama personally likes him and Summers doesn’t suffer from the affliction of having two X chromosomes. Summers fails all of the main tests for what makes a good pick.

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Upcoming FDL Book Salons

Saturday, April 19, 2014
2:00 pm Pacific
Poison Candy: The Murderous Madam: Inside Dalia Dippolito’s Plot to Kill
Chat with Mark Ebner about his new book. Hosted by Beth Karas.

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The Gulf of Tonkin Events – Fifty Years Later: A Footnote to the History of the Vietnam War
Chat with John White about his new book. Hosted by Pulitzer Prize winner Deborah J. Nelson.