Janet Yellen nomination for Fed Chair set for today

It was a good day when Larry Summers, former Secretary of the Treasury and economic advisor to President Obama withdrew his name for consideration as new the Chairman of the Federal Reserve. It’s an even better day now that Janet Yellen has been nominated for the position. If confirmed, Ms. Yellen will make history as the first female chair of the Federal Reserve, the nation’s central banking system.… [Read more]

Austerity and American Exceptionalism: Stubbornness Before the Downfall

“None of this is necessary,” said President Obama during his weekly address to the nation. “It’s happening because Republicans in Congress chose this outcome over closing a single wasteful tax loophole that helps reduce the deficit.”

How ridiculous that we’ve arrived at this point. And how utterly exhausting for the nation. We’re wrapping up yet another week¬†watching the train wreck that is U.S.… [Read more]