The Obama administration is assembling a shortlist of candidates to lead the Federal Reserve, in the expectation that chairman Ben Bernanke won´t seek reappointment when his second term at the central bank ends in January, according to people familiar with the matter. (Snip)Mr. Bernanke has left his mark on the U.S. economy with a wave of easy-money policies in response to the 2008 financial crisis, recession and sluggish recovery that followed. His successor will need to figure out how to pull those policies back. If the Fed changes policy too soon, it could undermine the recovery.
Comments: What recovery? Mentioned in the article: Roger Ferguson (TIAA-CREF), the infamous Larry Summers, Tiny Tim Geithner, Janet Yellin, and Christina Roemer.
His successor will need to figure out how to pull those policies back
Obama will choose someone who will want to increase the QE. Obama needs/wants inflation to get handle the debt he´s racked up. Inflation taxes savings, and most saving are held by white people; Obama wants white people to pay their fair share. If he can´t get his taxes one way, he´ll get them another way.
Americans who are buying insurance plans over online exchanges, under what is known as Obamacare, will have limited access to some of the nation’s leading hospitals, including two world-renowned cancer centres. Amid a drive by insurers to limit costs, the majority of insurance plans being sold on the new healthcare exchanges in New York, Texas, and California, for example, will not offer patients’ access to Memorial Sloan Kettering in Manhattan or MD Anderson Cancer Center in Houston, two top cancer centres, or Cedars-Sinai in Los Angeles, one of the top research and teaching hospitals in the country. High quality global
Konstantin Kakaes had a lot of good evidence to work with for his article debunking the promise of Amazon’s drone deliveries. The FAA doesn’t allow autonomous flight. Drones are too small and unreliable. They’ll cost Amazon a fortune to maintain and oversee. Kakaes had so many facts in his favor, but he left out a big one: Birds are going to hate these drones.(Snip)The difference for Amazon’s drones is that the birds will be chasing them. Unseen to us, the skies are checkered with fiercely defended bird territories. Open-country raptors—hawks, eagles, kites, harriers, etc.—don’t take kindly to interlopers on their
In a major rant at radio host Sway Calloway this week Kanye West went full tilt against the fashion establishment that is preventing him from unleashing his artistry-in-apparel on the world: “I am Warhol. I am the No. 1 most impactful artist of our generation. I am Shakespeare in the flesh. Walt Disney. Nike. Google. Now, who’s going to be the Medici family and stand up and let me create more? Or do you want to marginalize me til I’m out of my moment?” Dear Kanye Warhol-Shakespeare-Disney-Google-West, So you want to be a fashion designer! You actually did launch a
PHILADELPHIA--A horse pulling a buggy with an Amish family aboard in rural Pennsylvania was struck by a bullet fired from a moving car and later died, police said on Tuesday.(Snip)"At the time, they believed it was a firecracker," Weaver said. "They didn´t realize it was a gunshot." The family continued home, where they realized the animal had been injured. "When they got to the farm, the farmer noticed blood from the horse´s mouth," Weaver said. The horse died before a veterinarian arrived.
The Treasury Department said on Thursday that it would sell its remaining shares in General Motors by year’s end, allowing the government to finally sever ties to the bailed-out automaker a few months sooner than expected.(Snip)Barring a sudden jump in G.M.’s stock price, the government is on track to lose about $10 billion on its investment. So far, it has recovered about $38.4 billion. By contrast, other rescue efforts, including the bailout of the American International Group, have generated profits for taxpayers. But administration officials have long argued that the aim was not to make a profit from its investments
WASHINGTON — A mutiny has erupted among photographers who cover President Obama over what they say is the White House’s increasing practice of excluding them from events involving the president and then releasing its own photos or video.(Snip)“As surely as if they were placing a hand over a journalist’s camera lens,” the three-page letter said, “officials in this administration are blocking the public from having an independent view of important functions of the executive branch of government.” The Obama administration has embraced social media as a way to get its message to the public beyond the traditional news media.
Secretary of State John Kerry just scrapped 190 years of U.S. foreign policy in Latin America, casually declaring the Monroe Doctrine is over.Why didn´t he just ring the dinner triangle for Russia, China, Iran and their terrorist catspaws to set up shop, too? "President James Monroe," Kerry told the Organization of American States in Washington Monday, "declared that the United States would unilaterally, and as a matter of fact, act as the protector of the region... And throughout our nation´s history, successive presidents have reinforced that doctrine and made a similar choice. "Today, however, we have made a different choice. The
After allegations were made about the legitimacy of the author´s account of the attack on the U.S. diplomatic compound in Benghazi, Libya last September, Simon & Schuster has halted publication and sale of The Embassy House: The Explosive Eyewitness Account of the Libyan Embassy Siege by the Solider Who Was There, by Sgt. Morgan Jones and Damien Lewis. "In light of information that has been brought to our attention since the initial publication of The Embassy House, we have withdrawn from publication and sale all formats of this book, and are recommending that booksellers do the same," said Jennifer Robinson,
AVANNAH, Ga. — The uninsured pour into Memorial Health hospital here: the waitress with cancer in her voice box who for two years assumed she just had a sore throat. (Snip) Now, in a perverse twist, many of the poor people who rely on safety-net hospitals like Memorial will be doubly unlucky. A government subsidy, little known outside health policy circles but critical to the hospitals’ survival, is being sharply reduced under the new health law. The subsidy, which for years has helped defray the cost of uncompensated and undercompensated care, was cut substantially on the assumption that the hospitals
The Affordable Care Act’s website debut has been compared to the Titanic disaster. The analogy is fair, in that the ship’s captain demonstrated an inexplicable lack of interest in and respect for the risks presented by the iceberg-infested waters through which his vessel was sailing. (Snip) As many parallels as there are between the fateful maiden voyage of the Titanic and the launch of Healthcare.gov, however, there is another colossal technological disaster that may be even more apt: the catastrophic 1986 explosion of the space shuttle Challenger just 73 seconds after liftoff. Exhaustive postaccident analyses revealed that the immediate cause
Insurers say the early buyers of health coverage on the nation´s troubled new websites are older than expected so far, raising early concerns about the economics of the insurance marketplaces. If the trend continues, an older, more expensive set of customers could drive up prices for everyone, the insurers say, by forcing them to spread their costs around. "We need a broad range of people to make this work, and we´re not seeing that right now," said Heather Thiltgen of Medical Mutual of Ohio, the state´s largest insurer by individual customers. "We´re seeing the population skewing older."(Snip)The average enrollee age
Here’s the latest leading theory about those mystery barges in Portland and San Fransisco: They’re party boats for launching Google Glass, the Internet giant’s computerized eyewear.The barges, and the odd-looking structures on top of them, have been linked to Google in documents from the Coast Guard in New London, Conn., and in an apparent slip-of-the-tongue by a Coast Guard official in California.(Snip)But new evidence indicates the barges will be towed to large coastal cities, where wealthy customers will be invited aboard for exclusive looks at Google Glass. The wearable computer, still under development, would enable people to communicate with the
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
President Obama’s job approval among American voters has dropped to negative territory with just 38 percent voicing their approval versus the 58 who says they disapprove, according to a national poll released Tuesday by the independent Quinnipiac University. That is one percent less than the 39% who said they approved of him in last month’s poll. The majority of the 2,692 registered voters the University in early December said that the president is not honest and trustworthy. When asked, “Do you approve or disapprove of the way Barack Obama is handling his job as President?,” respondents gave Obama lackluster ratings
The health director who approved the release of President Obama’s birth certificate has died in a plane crash, Hawaiian officials said Thursday. Loretta Fuddy died after the Cessna Grand Caravan aircraft she was travelling on went down shortly after leaving Kalaupapa Airport at around 3:15 p.m. local time (10:15 a.m. ET) on Wednesday. The other eight people on board were rescued, Richard Schuman, president of Makani Kai Air, told NBC News early Thursday, adding that that there was no indication as to why the plane had crashed. Fuddy hit the headlines two years ago when she approved a waiver request allowing Obama to
Looks like this president can’t get away with flirting in front of his wife… It appears that first lady Michelle Obama was none too pleased with the way that President Barack Obama was acting toward Denmark Prime Minister Helle Thorning-Schmidt during a ceremony honoring Nelson Mandela, and before too long, they switched seats. This lmao! Michelle Obama vs Prime Minister of Denmark at Mandela´s ceremony. pic.twitter.com/Rq4uF9fTaZ — Stun (@TheBlogPirate) December 10, 2013
The sign language interpreter at Nelson Mandela´s memorial yesterday "made up his own signs," according to South Africa´s deaf federation. "He´s a complete fraud," Cara Loening, director of Sign Language Education and Development in Cape Town, said according to ITV News. "He wasn´t even doing anything, There was not one sign there. Nothing. He was literally flapping his arms around." Delphin Hlungwane, an official South African sign language interpreter at DeafSA, told Reuters:
If you go down on the ice today you´re sure of a big surprise - a rare glimpse of 20 polar bears gorging on a bloody midnight feast. These photographs show a rare cluster of males, females and cubs all dining out on the remains of a whale carcass. They spent a night and a day stripping every last morsel from the mammoth sea creature. Usually Polar bears are solitary and would never tolerate being so close to each other. But with food in plentiful supply and bellies dragging on the floor they seem too lethargic to fight.Wildlife photographer Michal