Janet Yellen delivered a pretty comprehensive speech on the economy and the Fed actions today. If you aren’t familiar with her, she is the President of the San Francisco Fed and perhaps one of the more influential members of the central bank. She may well become the first female chairwoman of the Fed. It’s a [...]
Archive for June, 2009
Roger Altman, a former Clinton administration Treasury official, is another in a growing list of Democrats who are helping set the stage for a major tax increase in the next couple of years. It’s not just a nibble around the edges tax cut either, he’s stumping for a VAT tax. In a Wall Street Journal [...]
This is one that I just don’t get. The FDIC says it’s going to issue new guidelines for the purchase of failed banks by private equity companies while the newly proposed banking regulations take a harsh stance towards commercial enterprises owning insured depositories. First from the WSJ the FDIC approach: The Federal Deposit Insurance Corp. [...]
Totally off-subject and totally cool is this picture of an F-22 doing a supersonic flyby of an aircraft carrier. Here is a link to the story which explains, or tries to explain, the phenomenon in the picture.
The Treasury has sent its proposal for a Consumer Financial Protection Agency to Capitol Hill. The breadthof this law is staggering to say the least. Here is a summary from the WSJ: According to the draft legislation, Treasury’s plan would: 1) Give the agency broad authority to write rules about services or products including: a. [...]
The Case-Shiller housing numbers are out and are being spun as showing signs of improvement. That like beauty is in the eye of the beholder. Here is Reuters report: Prices of U.S. single-family homes fell in April from March but the pace of the decline moderated, suggesting stability is emerging in some regions, according to [...]
I guess this goes under the heading of leaving no stone unturned but if I were President Obama I would have let someone else make this announcement. President Obama announced tougher energy efficiency requirements for certain types of fluorescent and incandescent lighting on Monday, the latest step in the administration’s push to cut the country’s [...]