Posted by admin / Under Ben Kasica
Innnneresting news: Politico’s Ben Smith is leaving the site within the next few weeks to take on a new position at… BuzzFeed. At BuzzFeed, Smith will be tasked with, in his words, “trying to help build the first true social news organization – that is, an outfit built on the understanding that readers increasingly get and share their news on Twitter, Facebook, and other platforms.” BuzzFeed, as you may know, is an aggregation site (with occasional bits of original reporting) devoted to gathering the most newsworthy, interesting and viral bits of news and entertainment
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
As noted in the title, for all those who wish to reread how Bernanke justifies the fact that he has no idea why the economy will improve, but it just will, damn it, here it is, complete with the full Q&A.
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
A freshman member of Congress who attracted national attention when he called Barack Obama the worst president ever walked back his claim a bit on Wednesday, describing him as “one of the worst.” Rep. Ben Quayle, an Arizona Republican and son of former Vice President Dan Quayle, said in an interview with ABC News that Obama’s fiscal and foreign policies “alone would put him up there in one of the worst.” While campaigning in his party’s primary last August, Quayle released an ad in which he called Obama “the worst president in history” and promised to “knock the hell out...
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
...I am not sure what planet Ben is on but maybe he should take a quick peek at the CCI chart (Continuous Commodity Index) and say that with a straight face. He may be “showing little alarm” but rest assured many of us are showing a great deal of alarm including every person in the US that has an unfortunate habit called eating. This is not to even make mention of the fact that we have governments being toppled on account of soaring food prices. In spite of all the years of watching Central Bankers spin, dodge, weave, obfuscate and...
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
"I am a mortal enemy to arbitrary government and unlimited power. I am naturally very jealous for the rights and liberties of my country, and the least encroachment of those invaluable privileges is apt to make my blood boil." --Ben Franklin Thank you Benjamin. We need more like you in today's day and age.
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
The following is the text of an open letter to Federal Reserve Chairman Ben Bernanke signed by several economists, along with investors and political strategists, most of them close to Republicans: We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed’s objective of promoting employment. We subscribe to your statement in the Washington Post on November 4 that “the Federal...
Published on Friday 10th of February 2012 05:35:56 AM
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Posted by admin / Under Ben Kasica
When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman. At the end of a week of gloomy reports, Bernanke faces mounting expectations from markets that the Fed will step in to prop up the US's faltering economic recovery. News of stalling business activity and dismal home sales have fanned talk of a double-dip recession at a time when all the easy options have run out. At the same time, divisions appear to be emerging among his committee of policymakers.
Published on Friday 10th of February 2012 05:35:56 AM
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