Former Treasury Secretary Lawrence Summers will be named the next chairman of the Federal Reserve by President Obama, according to a report in a Japanese newspaper. The Nikkei newspaper, which did publicly name its sourcing for its story, said Obama was "set to" name Summers to the position, possibly as early as next week. On Tuesday, more than 350 economists signed a letter to Obama calling on him to nominate Federal Reserve Vice Chair Janet Yellen to be the Fed´s next chairman.
Republicans are now leading Democrats on handling several key issues, according to a new Wall Street Journal/NBC poll. The poll, released Friday, shows more Americans think that the Republicans are doing a better job on the economy, foreign policy and reducing the federal deficit. The GOP has an edge of seven percent over the Democrats on the issue of foreign policy. This is up from 2006, when the GOP was behind by nine percentage points. And while Democrats still lead among issues such as health care and looking out for the middle class, their lead has been steadily decreasing. The
Just when you thought the Nanny State couldn´t get anymore drunk with patronizing power over people, along comes Michelle Obama with a most urgent plea: Make sure you drink water! Who knew?! Apparently we now need the government to tell us to do the most basic of things. To get the word out, the First lady has pre-recorded messages that will air on numerous television shows including the Today show and Good Morning America. And also on Un Nuevo Dia. I wonder if she´ll find another way to insult the Latino community, perhaps telling them a second time that their
NATIONAL FOOTBALL League Commissioner Roger Goodell defended the Washington Redskins’ name three months ago to members of Congress who had urged that it be changed. “The Washington Redskins name has thus from its origin represented a positive meaning distinct from any disparagement that could be viewed in some other context,” Mr. Goodell wrote June 5. “For the team’s millions of fans and customers, who represent one of America’s most ethnically and geographically diverse fan bases, the name is a unifying force that stands for strength, courage, pride and respect.” It therefore was a welcome development to hear this recent and more thoughtful
UKIP would replace the Liberal Democrats as Britain´s third party in Westminster if there were a General Election tomorrow, according to a new poll. Voters would also back Labour ahead of the Conservatives, despite believing the Tories would manage the economy better - the number one issue of concern for the electorate. Immigration is second on voters list of worries, but Europe is only a concern to 13 per cent of the population. Ukip MEP Paul Nuttall, said the YouGov poll was proof the party´s ongoing success. "Even YouGov, who fail to mention UKIP on their questions, recognise the rise of the party
When beloved British television shows are adapted on international screens, it seems the latter fails to appreciate the importance of keeping up appearances. No wonder Hyacinth ´Bouquet´ Bucket feels the need to constantly identify herself as the lady of the house when pitted against her foreign counter-part, and finally some sympathy for Patsy Stone´s less than fabulous plea ´Don´t you know who I am!?´. Afraid not Patsy, we really don´t.
A Russian proposal for Syria to put its chemical weapons stockpiles under international control, and then have them destroyed, has been accepted by the Syrian government. Can Russia´s plan work? In response to the developments, US President Barack Obama has put military action against Syria on hold and vowed to pursue diplomacy to remove the regime´s chemical weapons. But US Secretary of State John Kerry said the plan must be "swift and verifiable". [Snip] Dina Esfandiary, research associate at the International Institute for Strategic Studies (IISS). The quick answer to can Russia´s chemical weapons plan for Syria work is no, it´s unlikely
A war in the Middle East is on the horizon with the United States on one side and the Russian federation on the other, the Security Council is stuck in a stalemate, and Europe is finding itself staunchly divided between East and West. While such a description would certainly be apt for the height of the Cold War, it could just as well describe today´s state of affairs. Current debate over whether to intervene militarily in Syria is only one of the many issues pitting the United States against her old rival Russia. In August, diplomatic tension between the two countries
There was much more going on in Tuesday´s recall elections Colorado than an up and down vote on Second Amendment Issues. We may be looking at a bipartisan rebellion against a problem that afflicts both parties: lawmakers passing laws that make them feel virtuous but which are either ineffectual or actually make life worse for the voters. It was arrogance and overreaching that deposed the leader of the Colorado State Senate and a female Hispanic Democrat from a district where registered Democrats outnumber Republicans by 24 percent. As Glenn Reynolds noted after the Newtown mass shooting, what we really need is
Leap back through time to this awesomely prescient piece written in early 2012, just after Russia vetoed a UN Security Council resolution that called for a change of leadership in Syria: Russia (like the rest of us) has rather mixed feelings about Syria. Yes, former KGB chief and later Russian Foreign Minister Primakov made Syria a reliable and (as such things go) stable Moscow ally in a volatile region. Plus the crass national socialist methods used to govern Syria always invoke memories of happier Soviet times. [Snip] The question, sighs Moscow to itself, is: who or what might replace Assad?
Arizona’s cash-assistance welfare program is intended to help the poorest of the poor feed and clothe their children, and for the most part, it does. But a small percentage of recipients, who must earn no more than $4,164 a year for a family of three, are using the money to pay for booze, cigarettes, poker games, strippers and travel to places like Times Square, Disneyland and Hawaii, according to Arizona Department of Economic Security records obtained by The Arizona Republic. State officials will soon begin cracking down on some abuses of the Temporary Assistance for Needy Families Cash Assistance program.
Vice President Joe Biden said Repulican opposition to the Violence Against Women Act (VAWA) in the House of Representatives came from the "Neanderthal crowd." And he gave himself credit for coming up with the law almost 20 years ago. "Packed into the front room of the Vice President´s residence just before 7pm, Biden spoke for about half an hour to the crowd of several dozen people, most of whom played a role in making VAWA a reality. The room was full of chatter as Biden was standing at the mic waiting to talk, so he turned around and let out a
Rep. Pete Olson (R-TX) publicly came out against a conference committee with the Senate’s “Gang of Eight” legislation at a town hall in his district. A video of the event was provided to Breitbart News by local Tea Party activists. In early questioning on immigration, Olson described the Senate bill as “DOA,” short for “dead on arrival.” Ins final question on immigration, local Tea Partier Robert Gonzalez asked: “This is important because you said it’s DOA. Harry Reid ensured that if the bill goes to conference, he said we will get amnesty. The question is, are you for or against going
Those skeptical of the degeneration of America’s royal line need look no further than Robert Kennedy Jr. His grandfather bedded Gloria Swanson. His father scored Marilyn Monroe. He mounts any rando who passes by. Like the Spanish Habsburgs or the Royal Tennenbaums, Camelot ain’t what it used to be. The diary of Robert Kennedy Jr., detailed in the New York Post this week, begins by announcing the pregnancy of his wife. By its conclusion, the 2001 journal references 37 women other than its author’s wife with whom he messed around that year. Slightly less than half of the women he physically
Sen. Ted Cruz (R-TX), who has been one of the leading proponents of defunding Obamacare, said establishment politicians in Washington, D.C. are "scared to death" of the grassroots because they do not want to be held accountable. Speaking with Breitbart News Executive Chairman Stephen K. Bannon on Breitbart News´s broadcast of the Exempt America rally on Tuesday, Cruz, as he often does on the stump, spoke of the "paradigm shift" that has coincided with the rise of the grassroots in American politics, which he said has changed the playing field on which politics is played.
While everyone was watching news in Colorado during the final weeks of the recalls, Mississippi was instituting a new law to allow the open carry of firearms without a concealed carry permit. House Bill 2 was passed in Mississippi´s last legislative session and signed into law by Governor Phil Bryant (R), but put on hold in July when Circuit Judge Winston Kidd issued an injunction to have the legislature "clarify it." On August 29 the Mississippi Supreme Court "unanimously upheld the... open carry law," setting the stage for it to take effect. Fox News carried the Mississippi Supreme Court´s ruling: This court now finds
Republican Rep. Tom Graves and 42 House cosponsors introduced a budget plan Thursday to defund Obamacare without forcing a government shutdown, placing pressure solely on the shoulders of Democratic Senate Majority Leader Harry Reid. Graves’ Security, Stability, and Fairness Resolution is a continuing resolution budget bill that offers a fiscal year 2014 budget that keeps the government open but does not fund Obamacare. The Obama administration has already delayed the law’s employer mandate until 2015, after the 2014 midterm elections. The “Defund Obamacare” campaign spearheaded by Republican Sen. Ted Cruz has repeatedly been accused of seeking a government shutdown if
If President Obama believes he can turn around public opinion on U.S. intervention in Syria with a single speech, or even a few days of intensive public relations campaigning, he is badly mistaken. Without some huge, earth-shattering event that changes things overnight -- a Sept. 11 or a Pearl Harbor -- changing public opinion is a slow process. To do it, a leader must make a case over and over and over and over -- something Obama has notably failed to do with Syria. So his speech Tuesday night won´t change much. Look at the Iraq war, the troubled example
Last month I noted that Senator Rand Paul’s rapid ascent to the status of a probable first-tier presidential candidate in 2016 had one real obstacle: the man who inspired his career. Ron Paul may have retired from active politics and passed on the family’s presidential campaign franchise to Rand, but he is far from silent and that’s going to be a continuing problem for the Kentucky senator. The latest instance of paternal foot-in-mouth disease came yesterday as the nation paused to commemorate the 9/11 attacks. Here’s what Ron Paul posted about that on his Facebook page: We’re supposed to believe that
Voters in New York City and Colorado are trying to make up for past mistakes. Despite bad decisions on Election Day last year, they’re throwing out some of the politicians who abused their trust. Eliot Spitzer, an ex-governor, and Anthony D. Weiner, an ex-congressman, were first run out of office a cycle or two ago because they couldn’t keep their pants on. They had no idea of how to make a living except on a public payroll, so they plotted comebacks. Voters are often forgiving, eager to grant second chances. Mr. Weiner, his fly zipped tight, returned to lead in the
One wonders why David Petraeus, former general and most recently director of the Central Intelligence Agency, would choose to be associated with the City University of New York. Judging from the reception he has received, the attraction cannot be the intellectual environment on campus. On his first day, Petraeus was greeted by a rabble of protesters shouting “Murderer!,” “War criminal!,” “Disgusting imperialist!,” and other intellectual sentiments, including many that may not be reproduced here. The mob has promised to repeat its unedifying performance every time Petraeus appears on campus, which is to be weekly. The university, to its dishonor, has
Forty years ago this fall, the United States shipped more than 20,000 tons of tanks, artillery, weapons, and supplies to Israel to ensure its victory over two of the Soviet Union’s Arab clients, Syria and Egypt. Those airlifts showed the Arabs that despite their numerical superiority, they had no hope of defeating the tiny Jewish state. As long as Israel was backed by a United States willing to prove its resolve and determination to stand by its allies, the conclusion was etched in stone—America doesn’t lose, and neither do her friends.The 1973 Yom Kippur war was the beginning of the
Thursday’s New York Times carried an op-ed on Syria by Vladimir Putin. Below we run what we imagine was the original draft before the Times’ editing: MOSCOW — Recent events surrounding Syria have prompted me to speak directly to the American people and your leaders. After the president’s speech Tuesday night, let me say what you all know to be true: Barack, I own you. Or as we say in Russia, the wolf felt pity for the lamb, so he left the skin and bones. Mr. President, we have much in common. People fear what we might do. We each
Mayor Vincent C. Gray vetoed legislation Thursday that would force the District’s largest retailers to pay their workers significantly more, choosing the potential for jobs and development at home over joining a national fight against low-wage work. Gray’s quandary is playing out in many U.S. cities, where local leaders who generally sympathize with worker causes are also eager to lure jobs and commerce for their constituents. Retailers, most notably Wal-Mart, have placed an increasing focus on urban expansion, while unions and advocates for workers have pushed measures like the District’s “living wage” bill as a valuable hedge against the proliferation of
What happens when teachers don’t have to join a union? Today, teachers in Kenosha, Wis., voted to decertify their union, the Kenosha Education Association, by a margin of nearly two to one. Only 37 percent of the teachers opted to retain the union in an election made possible by the labor reforms enacted under Gov. Scott Walker (R). The result goes to show that when workers have a choice on whether to join a union instead of being forced into one by law, they often choose to vote down the union. The Kenosha Education Association is the biggest one in
It´s often hard to tell if President Obama is lying to the American people or to himself. Is he willfully misrepresenting who he is? Or is he blind to his true self? Over the last five years he has repudiated many of the positions he took in 2008, but still talks like and perhaps likes to think of himself as the man who ran on change. A passage from his Tuesday speech on Syria provides a striking example. The relevant passage -- an aside on executive power -- comes just after the president explains that he favors a strike on Syria