Archives for September 2013

Since the spring, it has been reported that former Treasury Secretary Larry Summers was a frontrunner to succeed Ben Bernanke as Chairman of the Federal Reserve. For the past few weeks, support for Summers ramped up, while Vice Chair Janet Yellen took a backseat to the Washington and Wall Street insider. In a surprise to […]

It was reported in July that there are councillors in D.C. that would mandate big-box retailers to pay their workers a higher minimum wage. Cited as a “living wage,” this legislation would have affected many retailers, such as Wal-Mart, Home Depot, Lowe’s, Target, Walgreens and Autozone. Democratic Mayor Vincent Gray announced Thursday that he has […]

It seems mainstream economists want President Obama to nominate Janet Yellen to become the next Federal Reserve Chair. According to a letter written to the president, 300 economists, including Nobel laureate Joseph Stiglitz and former central bank officials Alan Blinder and Alice Rivlin, want Yellen to succeed Bernanke next year. On Sunday, Heidi Hartmann, president […]

The United States potentially attacking Syria has dominated international headline news for weeks. However, many think the latest event coming out of Poland should also be garnering global attention. Reuters initially reported last week that Polish Prime Minister Donald Tusk announced a plan that would transfer the government pension system and all bond investments in […]

Economic Collapse News reported Monday of how potentially the bleak jobs report for August as well as the downgrades in the June and July employment numbers could prompt the Federal Reserve to cease its plans to begin tapering its quantitative easing measure. One president at the Fed doesn’t believe it will happen. Speaking at a […]