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Posts Tagged ‘Federal’

Leading Journalist Confirms that Government Could Take Over the Power of Money-Creation for the Public Good

William Greider is a former Washington Post and Rolling Stone editor, and now writes for the Nation. Greider has written numerous books and articles on the economy over the course of many decades, including the leading book on the Federal Reserve, Secr…

The week ahead

Iraq’s Kurds go to the polls, and other news

• THE chairman of America’s Federal Reserve, Ben Bernanke, delivers his semi-annual monetary-policy testimony to the House Financial Services Committee in Washington, DC, on Tuesday July 21st. Mr Bernanke may shed more light on how far he believes that America is bouncing back from the financial crisis and economic downturn. Mr Obama recently spoke of signs that the “economic storm” is waning and Timothy Geithner, his treasury secretary, has talked about “very encouraging” indications that confidence is returning to the financial system. The administration has decided not to bail out CIT, a struggling commercial lender, reinforcing its own confidence that the financial system can withstand a bankruptcy filing that could come soon.

For background, see article …

Federal Stimulus Helped States Plug Budgets: Govs

BILOXI, Miss. — A bipartisan group of governors said Saturday that the federal stimulus package helped states avoid deep budget cuts during the recession. But some at the National Governors Association convention said they’re not pushing…

Giannoulias Fundraising Leads Senate Candidates

Giannoulias’ exploratory committee has about $1.6 million to spend on the 2010 election, according to papers filed this week with the Federal Election Commission.

More on Senate Races

“The Federal Government Works for Goldman and Not for Us”

Veteran reporter Robert Scheer writes today:The federal government works for Goldman and not for us.Is Scheer’s claim over the top?Well, the assistant secretary of the Treasury under Reagan (and former senior Wall Street Journal editor) Paul Craig Robe…

Michael Markarian: Strong Federal Law Brings the Hammer Down on Dogfighters

The flagrant disregard that dogfighters routinely show for society’s norms was replaced by the snap of handcuffs and the slap of 30 or so arrest warrants.

Jerry Capeci: Slain Wiseguy Linked To Murder Plot Against Federal Prosecutor

The Bonanno crime family mobster who was whacked in a pre-dawn hit in Staten Island as he waited for a bus to take him to…

The Fed’s “Independence” Argument is False

The Fed’s main argument against an audit by Congress is that it would interfere with the Fed’s “independence”.For example, in his Congressional testimony yesterday – entitled “Federal Reserve independence” – the vice chair of the Fed used the “i” word …