Money markets are demanding that governments spend more on infrastructure and education and services other things governments do to make people's lives better.
A new report by a commission convened by the Center for American Progress provides a leading indicator of where Hillary Clinton is heading.
In a poll last year, nearly half of the senior bankers polled acknowledged a willingness to break the law to make money.
I'm tired of people whining about the Occupy movement: "But they didn't do anything!"
The surprise about the blowback against Larry Summers proves how insulated the White House economic advisers really are.
Wouldn't this nomination be more trouble than it's worth?
In his press conference yesterday, President Obama explained his defense of Larry Summers. Aside from Summers' history, there are millions of reasons why he should not chair the Fed.
We've already discussed here some of the reasons why Larry Summers would make a terrible choice for head of the Federal Reserve. Sen. Elizabeth Warren, among others have signed a letter backing his rival for the position, Janet Yellen instead, and this Sunday, her colleague Sen. Diane Feinstein voiced her support for Yellen as well.
Larry Summers is the wrong guy for the wrong job at the wrong time. This pick is terrible politics and worse substance. Progressives and women’s groups will fight this tooth and nail, and any chance of the President looking like he is a fighter for the middle class on the economy will go up in smoke.
Several years ago I had a private conversation with a woman who had been in very-high-level meetings in the Obama administration including some at the highest level. She made a very clear point that one of the reasons things happened a certain way was that in meetings Larry Summers would literally shout down women who offered a contrasting viewpoint. This was a expressed as apparently a particular problem when it came to the viewpoints of women.
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