Highlights
Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.
Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.
Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princet...
Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.
Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princet...
Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.
Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.
Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princeton and a master's from the Harvard University Graduate School of Public Administration. Before leading the Federal Reserve, he served as chairman of the Federal Reserve Bank of New York.
Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.
Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princeton and a master's from the Harvard University Graduate School of Public Administration. Before leading the Federal Reserve, he served as chairman of the Federal Reserve Bank of New York.
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Panel says war on drugs has failed
NEW YORK (AP) — A high-level international panel says the war on drugs is a failure. A report by the Global Commission on Drug Policy says "repressive strategies will not solve the drug problem, and that the war on drugs has not, and cannot, be...Tags: Crimes, Crime, Law and Justice, Drug Trafficking, Health, Kofi Annan
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Pimco's Gross: 'Gut feeling' that bond bull run is done
ReutersNEW YORK (Reuters) - Circle the date, market mavens: April 29, 2013. AKA, the day the bond bull died. Age 31 years, 7 months. That, at least, is the call from Bill Gross, who is known on Wall Street as "the Bond King." Gross, the manager of the world'...Tags: Finance, Federal Reserve, Economy, Business and Finance, Bonds, Financial Markets
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How we got into this mess
WASHINGTON -- Blame it on JFK. Fifty years ago, President Kennedy made a decision that, with hindsight, ranks as the biggest mistake of domestic policy since World War II. In many ways, it led directly to today's "sequester" debacle. What Kennedy...
Tags: World War II (1939-1945), Finance, Interior Policy, Federal Reserve, Economy, Business and Finance
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Jerry Brown skips White House gathering for New York meetings
SACRAMENTO -- Gov. Jerry Brown skipped a meeting at the White House on Monday and hopped a train for New York, where he will meet with a former Treasury secretary and a past chairman of the Federal Reserve. Instead of attending the White House session...Tags: New York University, Jerry Brown, Executive Branch, Regional Authority, Politics
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Trickle down economics really work
Among the mystifying contentions of President Obama, his acolytes, and supporters is that, "We've tried trickle-down economics and it doesn't work." Really? What history books have they been reading? World War II got American industrial production into...Tags: Jimmy Carter, Internal Revenue Service, World War II (1939-1945), Federal Reserve, Democratic Party
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Unmasking the most influential billionaire in U.S. politics
Who's the most influential billionaire business figure in national politics? If you answered one of the Koch brothers (Charles or David) or George Soros, you're wearing your partisan blinders. The former are known for their devotion to conservative...Tags: Social Security, Government Health Care, Federal Reserve, Democratic Party, The Washington Post
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Thursday Morning Coffee: The five things you need to know this morning.
Capitol Ideas with John L. MicekGood Thursday Morning, Fellow Seekers. Well here we are again: into the final furlong before what's shaping up to be another scorcher of a July weekend. At times like this, we find ourselves wishing we lived in 1920s France and...... -
New report details the six gravest threats to states' fiscal stability.
Capitol Ideas with John L. MicekThe national economy might be slowly rebounding, but state governments still face serious threats to their bottom lines, including the runaway Medicaid spending, growing public pension obligations and a hobbled ability to raise new tax revenues, a new... -
Allan Powell: Classical economics hits a 'bump'
The recent disclosure of JP Morgan Chase’s losses of more than $2 billion in a few weeks generated two types of alarm. One was that we were too lax in our regulatory measures that restrain risky investment bank speculation. Others were alarmed about...Tags: Christopher Dodd, Jamie Dimon, Litigation and Regulation, Investments, Banking
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