US Federal Reserve
Why won't Obama use the platinum coin? Maybe because he thinks he'll prevail without it.
Last year, an unlikely coalition emerged to preserve Internet freedom. Where has it been since then?
IN THE HISTORY OF election forecasting, 2012 was 1936 all over again, with the roles updated. In 1936, a trio of new forecasters—Elmo Roper, Archibald Crossley, and George Gallup—used statistical sampling methods and predicted that Franklin D. Roosevelt would win re-election, contrary to the best-known “straw poll” of the time, conducted by The Literary Digest. The Digest mailed ballots to millions of automobile owners and telephone subscribers, groups that in the midst of the Depression drastically over-represented Republicans.
JARED BERNSTEIN, a Washington wonk and former economic adviser to Joe Biden, recently posed an interesting question. Why is it, Bernstein asked on his blog, that the only part of the government acting with any urgency to ease joblessness—the economic problem affecting the greatest number of Americans—is the unelected Federal Reserve? Bernstein was referring to Chairman Ben Bernanke’s announcement that the Fed would keep interest rates close to zero as long as unemployment remained above 6.5 percent.
Sandy might mark the beginning of an important shift in the political dynamic around climate change.