We are in a world of economic frustration, breakdown of order, armed conflict, and a seeming vacuum of responsible leadership. Who among us can view with any satisfaction the current manifestation of our own electoral processes, much less our role as international leader?
The indispensable (to me anyway) “NY Review of Books” has an insightful look at Bill McKibben’s new book, Eaarth. The reviewer is no less a personage than Nicholas Stern. In generally praising “McKibben’s engaging and persuasive book,” Lord Stern gives a particularly succinct summary of the history of the science and present state of the […]
Finally capitulating to voter outrage, and the very kind of “Change” he campaigned on last year, President Obama proposed tough new financial industry restrictions under what he called “the Volcker Rule” – named after Paul Volcker, the former Fed Chair.
As the economic crisis and the plight of ordinary Americans deepen, the Obama administration is finally beginning to embrace stronger bank and financial industry reforms proposed by courageous refromers such as Paul Volcker, Sheila Bair, Elizabeth Warren, Barney Frank and former NYS Governor, Eliot Spitzer. It’s about time!
Former Federal Reserve Bank Chair, Paul A. Volcker and Chair of President Obama’s Economic Recovery Advisory Board, has beed advocating for more aggressive reform and regulation of the financial industry, but is being resisted by the administration’s top economist – who have strong ties to Wall Street.