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11:05A – 11:22A (17mins) Missouri State Treasurer Vivek Malek@MalekVivek @MOTreasurerTreasurer Malek has some availability over the next couple of weeks for radio interviews, and I wondered – would you have an interest in having him on-air? There are two things he could speak about: The Foreign Adversary Divestment Act. The Treasurer is working with Rep. Barry Hovis and Sen. Sandy Crawford on bills that would require state pensions to divest from China, similar to what the Treasurer pushed the Missouri State Employee Retirement System to do last year. Investing in a foreign adversary is bad from an economic perspective and from a national security perspective. The Treasurer’s recent letter to Vanguard Group questioning several left-wing appointees to the fund’s board, including the wife of Congressman Jamie Raskin. They are paying Sarah Bloom Raskin $380,000 a year to serve on their board. See omnystudio.com/listener for privacy information.
11:05A – 11:22A (17mins) Missouri State Treasurer Vivek Malek@MalekVivek @MOTreasurerTreasurer Malek has some availability over the next couple of weeks for radio interviews, and I wondered – would you have an interest in having him on-air? There are two things he could speak about: The Foreign Adversary Divestment Act. The Treasurer is working with Rep. Barry Hovis and Sen. Sandy Crawford on bills that would require state pensions to divest from China, similar to what the Treasurer pushed the Missouri State Employee Retirement System to do last year. Investing in a foreign adversary is bad from an economic perspective and from a national security perspective. The Treasurer’s recent letter to Vanguard Group questioning several left-wing appointees to the fund’s board, including the wife of Congressman Jamie Raskin. They are paying Sarah Bloom Raskin $380,000 a year to serve on their board. See omnystudio.com/listener for privacy information.
11:05A – 11:22A (17mins) Missouri State Treasurer Vivek Malek@MalekVivek @MOTreasurerTreasurer Malek has some availability over the next couple of weeks for radio interviews, and I wondered – would you have an interest in having him on-air? There are two things he could speak about: The Foreign Adversary Divestment Act. The Treasurer is working with Rep. Barry Hovis and Sen. Sandy Crawford on bills that would require state pensions to divest from China, similar to what the Treasurer pushed the Missouri State Employee Retirement System to do last year. Investing in a foreign adversary is bad from an economic perspective and from a national security perspective. The Treasurer’s recent letter to Vanguard Group questioning several left-wing appointees to the fund’s board, including the wife of Congressman Jamie Raskin. They are paying Sarah Bloom Raskin $380,000 a year to serve on their board. 11:25 – 11:37 (17mins) 11:41 – 11:56 (15mins) Feature: “CHAT BOX!!”See omnystudio.com/listener for privacy information.
11:05A – 11:22A (17mins) Missouri State Treasurer Vivek Malek@MalekVivek @MOTreasurerTreasurer Malek has some availability over the next couple of weeks for radio interviews, and I wondered – would you have an interest in having him on-air? There are two things he could speak about: The Foreign Adversary Divestment Act. The Treasurer is working with Rep. Barry Hovis and Sen. Sandy Crawford on bills that would require state pensions to divest from China, similar to what the Treasurer pushed the Missouri State Employee Retirement System to do last year. Investing in a foreign adversary is bad from an economic perspective and from a national security perspective. The Treasurer’s recent letter to Vanguard Group questioning several left-wing appointees to the fund’s board, including the wife of Congressman Jamie Raskin. They are paying Sarah Bloom Raskin $380,000 a year to serve on their board. 11:25 – 11:37 (17mins) 11:41 – 11:56 (15mins) Feature: “CHAT BOX!!”See omnystudio.com/listener for privacy information.
In the 21st century, summertime isn't just for lounging on the beach and trips to the ice cream shop. Climate change has made summer much more unpleasant—and even dangerous. This year alone, New York City and Chicago have been choked with wildfire smoke and the southern U.S. suffered through a wave of record-breaking high temperatures. That's why we're revisiting our conversation with financial regulation expert Sarah Bloom Raskin about how fiscal policy can help save the environment. She explains what levers already exist to steer monetary policy toward lasting sustainability, and which proposed regulatory strategies could create transformative climate outcomes. This episode originally aired on July 20, 2021. Sarah Bloom Raskin is the former Deputy Secretary of the U.S. Department of the Treasury and a former Governor of the Federal Reserve Board. She is currently a visiting professor and distinguished fellow at Duke Law School's Global Financial Markets Center, and a member of President Biden's Regenerative Crisis Response Committee. Twitter: @SBloomRaskin News clips from: CBS News, PBS NewsHour, and TODAY Learn more about the Regenerative Crisis Response Committee here: https://regenerativecrisisresponsecommittee.org Does environmental regulation kill or create jobs? https://policyintegrity.org/files/media/Jobs_and_Regulation_Factsheet.pdf Do regulations really kill jobs? https://www.theatlantic.com/business/archive/2017/01/regulations-jobs/513563 Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
Sarah Bloom Raskin is the Colin W. Brown Distinguished Professor of the Practice of Law at Duke University Law School. She has served as Deputy Secretary of the Treasury for the United States, the second highest official in that cabinet department under President Obama. As Deputy Secretary, she focused on the resilience of the country's critical financial infrastructure and elevated cybersecurity to the level of providence it has today.Professor Raskin also served as a member of the Federal Reserve under then chair Ben Bernanke, where she helped set monetary policy as a member of the Open Market Committee and oversaw the nation's payment system. Finally, she was Maryland's Commissioner of Financial Regulation during the global financial crisis.In all those positions, she brought a strong public policy perspective, which included consumer protection, economic justice, diversity and inclusion, and public service excellence. In other words, she sees the role of the financial system as serving society rather than being the master of it.On this episode of Outside In Sarah talks with Jon about the state of economics today, how climate risk has become falsely controversial in the U.S. and the importance of asking the right questions. She talks about how businesses and households build a capacity for ruggedization and making policy tools for a changed earth. Sarah talks openly about loss, grief and the power of love.
Do we really understand what's happening in the economic lives of regular Americans? How is inflation hitting people with middle and lower incomes, and what impact will higher interest rates have on them? What societally valuable assets are we ignoring because we don't measure them? Some economists believe we're not collecting the right data, and therefore, we're not getting an accurate picture of what's happening to individuals. Gene Ludwig founded the Ludwig Institute for Shared Economic Prosperity to create new economic indicators for unemployment, earnings, and cost of living. He discusses how and why changes could be made to economic metrics with Duke law professor and risk analyst Sarah Bloom Raskin, and Oren Cass, the director of the conservative think tank American Compass. New York Times writer David Leonhardt moderates the conversation, which took place at the end of June.
Stocks were mixed in Monday trading, with the Dow closing slightly higher, while the Nasdaq ticked lower, in part on an earnings warning from chipmaker Nvidia. But solar and EV stocks were outliers – climbing after the Senate advanced the Inflation Reduction Act over the weekend. National Association of Manufacturers president Jay Timmons joins with his objections to the bill, while the CEO of solar firm Sunnova makes the case for why it's a positive. Meantime former Fed governor Sarah Bloom Raskin discusses if the bill will indeed combat inflation. And the CEO of Chegg breaks down the current environment for tech stocks.
On this week's episode, we feature the voices of green finance experts including Mark Carney, Sarah Bloom Raskin, Wendy Cromwell, Ron O'Hanley and more.
Sarah Bloom Raskin, exsubsecretaria del Departamento delTesoro de EE.UU., habló en La W sobre el anuncio que se espera sobre el aumentode las tasas de interés en la Reserva Federal.
The administration is the problem does the name Sarah Bloom Raskin ring a bell, the check engine light is flashing were at the breaking point, who wasn't a hero during the pandemic... See omnystudio.com/listener for privacy information.
In this episode of the Fed Watch podcast, I cover topics we were unable to cover on the weekly livestream. I go back over the importance of the Sarah Bloom Raskin withdrawal, what the Fed is thinking by signaling hawkish policy so aggressively, and do a deep dive into the emerging food crisis that could result in a continental scale famine. Fed Watch is a podcast for people interested in central bank current events and how Bitcoin will integrate or replace aspects of the aging financial system. To understand how bitcoin will become global money, we must first understand what's happening now. Bye Bye Raskin I mentioned Sarah Bloom Raskin on the previous episode but here I go back over that thread and try to make it crystal clear what I think her withdrawal of her nomination tells us about the real power politics at play. Raskin is a progressive globalist who believed in using the central bank to further a Davos agenda. It didn't work. I think it makes the distinction between Team Fed, including Powell and Wall St. versus Davos globalists (Dems, Neocons, and European project people) perfectly clear. Federal Reserve messaging Next, I introduce the concept of the Fed credibly promising to be irresponsible, this time on the hawkish side. In 1998, Nobel Prize winning economist Paul Krugman, said of the Bank of Japan's inability to stimulate out of a stagnant economy what they needed to “credibly promise to be irresponsible”; go big or go home. The Federal Reserve is now attempting to be irresponsible in the reverse direction. The Fed will come right out and say that their policy works through inflation expectations. Typically, they talk about how much QE they will do, in an attempt raise expectations of inflation, that makes people act as if inflation were higher, manifesting that inflation in the future. Right now, it seems as if they are trying the reverse. Ask yourself, how would the Fed lower inflation expectations? They have to act hawkish, and talk about raising interest rates and QT. That is what we are seeing now. Everyone sees the yield curve inversions happening. They know the world is sliding into war and deglobalization, two things that make people expect higher prices in the future. They have to attack those stubborn inflation expectations with very hawkish rhetoric in order to tame those expectations back to “normal”. Yield Curve Inversions In this section, I walk through the images below to explain the yield curve, the inversions right now, and what they mean. I'm not sure if there will be a video version of this episode on Bitcoin Magazine's YT channel. Emerging Food Crisis In the last section of the podcast, read through an article with the headline: War in Ukraine sparks concerns over worldwide food shortages from France 24. In it they point to the wheat shortage from the war in Ukraine that is already causing food shortages in North Africa. The UN Food and Agriculture Organization (FAO) estimates that an additional 8-13 million people worldwide face undernourishment if food exports from Ukraine and Russia are stopped permanently. The article is good at summarizing one aspect of the looming food crisis, a shortage of wheat. What they do not even mention is the shortage of fertilizer. Both of these things together threaten a continental scale famine where that number of 8-13 million new people facing hunger is probably understated by 10x. That does it for this week. Thanks to the watchers and listeners. If you enjoy this content please SUBSCRIBE, and REVIEW on iTunes, and SHARE!
On any given day there are multiple forces shaping the payments industry. In this episode, the IPA's government relations team takes a look at the latest developments in cryptocurrencies, interchange, and at the Federal Reserve. First, the Biden Administration has launched a whole of government effort to look at the role of cryptocurrencies in the United States with an executive order. Second, a lawsuit by retailers to lower interchange was dismissed by the courts. Finally, the nomination of Sarah Bloom Raskin to the Federal Reserve was publicly opposed by Senator Joe Manchin of West Virginia. We delve into the details of these three events and what they might mean for the payments industry as a whole. If you want to keep up with the changes in the payments industry, then make plans to join us in Washington DC for the Innovative Payments Conference from April 12-14. See the agenda and register here: IPC 2022 - Innovative Payments Association (ipa.org).
This week, Felix Salmon and Emily Peck are joined by Elizabeth Spiers, co-author of the Slate Pay Dirt column. They talk about whether the fed hike is a big deal, the American dollar and why it might not be around forever, and Citigroup providing red state employees travel benefits to access abortion clinics. In the Plus segment: Sarah Bloom Raskin withdrawing her nomination for Fed vice chair. Mentioned In the Show: “Axios Markets” by Emily Peck and Matt Phillips “Poll: Just 24% of workers think their employer cares about their well-being” by Emily Peck Email: slatemoney@slate.com Podcast production by Cheyna Roth Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, Felix Salmon and Emily Peck are joined by Elizabeth Spiers, co-author of the Slate Pay Dirt column. They talk about whether the fed hike is a big deal, the American dollar and why it might not be around forever, and Citigroup providing red state employees travel benefits to access abortion clinics. In the Plus segment: Sarah Bloom Raskin withdrawing her nomination for Fed vice chair. Mentioned In the Show: “Axios Markets” by Emily Peck and Matt Phillips “Poll: Just 24% of workers think their employer cares about their well-being” by Emily Peck Email: slatemoney@slate.com Podcast production by Cheyna Roth Learn more about your ad choices. Visit megaphone.fm/adchoices
Law360's Pro Say - News & Analysis on Law and the Legal Industry
An increasing number of law clerks are speaking out about how they were harassed by judges they worked for. This week, we're joined by Aliza Shatzman, a former D.C. Superior Court clerk who shares her story and explains what Congress can do to eliminate institutional barriers that hinder clerks from receiving help when they are in a similar situation. Also this week, we discuss Sarah Bloom Raskin who pulled out of the running for the top bank regulatory job at the Federal Reserve; Alec Baldwin explaining why he isn't responsible for the fatal shooting on the set of the movie “Rust”; and celebrity name dropping gone wrong in a deal to buy part of a cannabis company.
On this week's episode, Nathan, Mike, and Mahler talk about allergies during climate change, cane toads, 5G versus weather reports, poisoning bees, Lake Powell, too many trees, Sarah Bloom Raskin, Chernobyl, being careful what you ask for, Standard Time, Ai Wei Wei, smuggling snakes, and then some.
Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com
Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com
John Catanzara, president of the Fraternal Order of Police, deliver his MAGA-marching orders to Nick Sposato and other northwest side alderman--oppose Rob Martwick or else! Ben riffs. Also, Miles Kampf-Lassin, editor/writer from In These Times, returns to talk: Ukraine, War Criminals, Paul Volcker policies, Joe Manchin, Sarah Bloom Raskin and more. The man knows his stuff. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
with Brad Friedman & Desi Doyen
with Brad Friedman & Desi Doyen
"[Putin's] assets are being stripped, his power is being curtailed, and his ability to make an agenda that people are buying is diminished."Both Ukraine and Russia have cited progress in peace talks between the two nations this week, as Russia continues to grind its way through the neighbouring sovereign state. But with the unexpected cost and difficulty of the campaign, as well as unrest at home and long term instabilities, will Putin be able to hold onto his position going forward? And what might he do to keep it? Also looking at talks with China, fuel costs, inflation, Sarah Bloom Raskin's failed nomination, and Chris Cuomo.
Why has the Biden administration hired 28 people with ties to Saudi Arabia and the UAE? About 400 people are reportedly being held as “hostages” in a Ukrainian hospital. According to a U.S. government report, a detainee at a secret CIA detention site in Afghanistan was used as a living prop to teach trainee interrogators, who lined up to take turns at knocking his head against a plywood wall, leaving him with brain damage. Idaho is the first state to pass an abortion ban based on Texas' law. Senator Joe Manchin announced that he would not support Sarah Bloom Raskin for a top position on the Federal Reserve, potentially dooming her chances for confirmation as Republicans show little appetite for supporting her.The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/joinSUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturksFACEBOOK: ☞ http://www.facebook.com/TheYoungTurksTWITTER: ☞ http://www.twitter.com/TheYoungTurksINSTAGRAM: ☞ http://www.instagram.com/TheYoungTurksTWITCH: ☞ http://www.twitch.com/tyt
In the darkest of times, we are tempted to give in to despair. For those living in war-torn Ukraine, the temptation must be enormous.But all around the world, people are seeing images of hope and faith amid Ukraine's gloom. In basements, rubble-strewn streets, and underground rail stations, the Ukrainian people are coming together.Pastor Andrew Moroz, an American, was born in Ukraine and has many relatives there. He says he understands the desire to keep up hope."Life in some ways has to go on in the midst of a war zone," Moroz says."There are some things that are normal and there are many things that are not normal that are happening right now, but people are continuing to pursue each other and pursue God in some way."Moroz joins "The Daily Signal Podcast" to discuss how Ukrainians are resisting the urge to give up, and how faith there is stronger than ever.We also cover these stories:The Russian Foreign Ministry announces sanctions against U.S. Secretary of State Antony Blinken and President Joe Biden, among others.Sarah Bloom Raskin withdraws her candidacy for vice chairman of the Federal Reserve.The Idaho House votes 51-14 to pass a bill allowing family members to sue medical professionals who abort a baby after six weeks. See acast.com/privacy for privacy and opt-out information.
Stock prices in China bounced back after a sudden collapse earlier in the week. Marketplace’s China correspondent Jennifer Pak drops in for more detail. As crude oil prices have dropped and the Russia-Ukraine conflict continues, the markets appear to be having a bit of a moment, as Susan Schmidt helps explain to us. The Federal Reserve nominee pool just got shorter as Sarah Bloom Raskin bows out of the running.
Stock prices in China bounced back after a sudden collapse earlier in the week. Marketplace’s China correspondent Jennifer Pak drops in for more detail. As crude oil prices have dropped and the Russia-Ukraine conflict continues, the markets appear to be having a bit of a moment, as Susan Schmidt helps explain to us. The Federal Reserve nominee pool just got shorter as Sarah Bloom Raskin bows out of the running.
Corporate consolidation has been getting a lot of attention lately. But it isn’t a new phenomenon. It’s been on the rise since the ’80s, and it’s led to just a handful of companies controlling entire industries and fewer companies out there to deliver goods and services. “One really good example would be health care — this is a pretty concentrated sector in the U.S. economy,” said Kate Bahn, director of labor market policy and chief economist at the Washington Center for Equitable Growth. “[Consolidation] is when there’s hospital mergers … maybe one big management company overarching a whole sort of sector in one location.” But it means a lot more than companies just getting bigger. Corporate consolidation has a big impact on the way our economy is shaped. On today’s show: How corporate consolidation influences wages and consumer prices — and why it calls into question the success of capitalism. In the News Fix, we’ll discuss how a spike in global food prices could trigger unrest around the world and the fate of Sarah Bloom Raskin’s nomination to the Federal Reserve board. (We taped today’s episode before she withdrew her nomination.) Also, listeners celebrate Kimberly’s official spot in the host chair and a debate over who is more introverted! Here’s everything we talked about today: “America’s Monopolies Are Holding Back the Economy” from The Atlantic Kate Bahn’s testimony on corporate power “Ukraine War Could Put Food Security on Pentagon’s Plate” from Government Executive “Manchin Won’t Support Raskin for the Federal Reserve” from The New York Times “Big container ship goes aground in Chesapeake, recalling Suez ordeal” from The Washington Post Keep independent journalism going strong. Give today to support Make Me Smart.
Sam and Emma (freshly back from vacation!) break down a huge weekend in news, from the Russia-Ukraine conflict and the courts to labor and COVID, and more! Sam and Emma begin by reflecting on the myriad examples of incredible anti-war activism in the face of repression that we've seen by the Russian people, from newscasters to the elderly, as they dive into the xenophobia required to hold citizens accountable for the horrors of an autocratic regime, and how the Russian people are pushing back on it. Continuing with the theme of authoritarian terror, they then look to the recent Guardian report on the CIA keeping detainees (pre-trial, of course) at Guantanamo Bay to serve as “training props” to teach “interrogators” full-on torture techniques, as they follow the story of Ammar al-Baluchi, his abduction from Pakistan, and the decades he has spent at the bloody hands of American intelligence operatives as they were celebrated for their work. Next, they dive into legislatively-backed oppression in the US, as the Texas Supreme Court releases their final decision affirming the state's bounty-based abortion ban, and the immediate legislation it inspired across the US, from Idaho's law featuring higher bounties and more provider-focused penalties, to Missouri taking on the “out of state” loophole – states' rights who? Sam and Emma also dive into Joe Manchin sinking Biden's Fed Nomination of Sarah Bloom Raskin, as he sidles up with the Republicans, keeping his word to his passionate and loyal base of oil tycoons. And in the Fun Half: Emma and Sam watch Fox & Friends rant about Biden using TikTok to disseminate information, referring to the up and coming influencers as “useful idiots,” which, honestly, might give them too much credit in their usefulness, Jay from Canada dives into the horrors of long-term COVID, particularly when it comes to the neurological effects, and Robert from NY differentiates gun ownership from bodily autonomy. The media sees the everyman Tom Brady as the model for retirees getting back into their absurdly physical labor, Lara Logan discusses build-a-bioweapon, and Glenn Greenwald gets dissected in only 33 tweets. Fox and Frenemies build their tension, Gregory from Oklahoma gives some updates from the campaign trail, and Sam busts a union live, on-air, plus, your calls and IMs! Purchase tickets for the live show in Brooklyn March 26th and Boston on May 15th HERE: https://majorityreportradio.com/live-show-schedule Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the AMQuickie newsletter here: https://madmimi.com/signups/170390/join Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Support the St. Vincent Nurses today! https://action.massnurses.org/we-stand-with-st-vincents-nurses/ Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Matt's other show Literary Hangover on Patreon! https://www.patreon.com/literaryhangover Check out The Nomiki Show on YouTube. https://www.patreon.com/thenomikishow Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out The Letterhack's upcoming Kickstarter project for his new graphic novel! https://www.kickstarter.com/projects/milagrocomic/milagro-heroe-de-las-calles Check out Jamie's podcast, The Antifada. https://www.patreon.com/theantifada, on iTunes, or at https://www.twitch.tv/theantifada (streaming every Monday, Wednesday, Thursday and Friday at 7pm ET!) Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Subscribe to AM Quickie writer Corey Pein's podcast News from Nowhere. https://www.patreon.com/newsfromnowhere Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Mail supplies to help Ukrainian refugees in Poland here: Urzad miejskiw Przemyslu ul. Rynek 1 37-700 Przemysl, Poland The Majority Report with Sam Seder - https://majorityreportradio.com/
Join Jim and Greg as they applaud West Virginia Senator Joe Manchin for refusing to approve radical Federal Reserve nominee Sarah Bloom Raskin despite pressure from the left. They also chide New Jersey Rep. Tom Malinowski for dismissing parents' concerns about schools as made-up cultural BS and they see it is a signal that Democrats are in big trouble for the upcoming midterms. And "The View" hosts Ana Navarro and Whoopi Goldberg accuse Tucker Carlson and Tulsi Gabbard of treason.Please visit our great sponsors:Bambeehttps://bambee.com/martiniGo to Bambee.com/martini now for your FREE HR audit.My Pillowhttps://www.mypillow.com/martiniUse code MARTINI for the 6-piece My Pillow Towel set for $39.99. SAVE $70!
Corporate consolidation has been getting a lot of attention lately. But it isn’t a new phenomenon. It’s been on the rise since the ’80s, and it’s led to just a handful of companies controlling entire industries and fewer companies out there to deliver goods and services. “One really good example would be health care — this is a pretty concentrated sector in the U.S. economy,” said Kate Bahn, director of labor market policy and chief economist at the Washington Center for Equitable Growth. “[Consolidation] is when there’s hospital mergers … maybe one big management company overarching a whole sort of sector in one location.” But it means a lot more than companies just getting bigger. Corporate consolidation has a big impact on the way our economy is shaped. On today’s show: How corporate consolidation influences wages and consumer prices — and why it calls into question the success of capitalism. In the News Fix, we’ll discuss how a spike in global food prices could trigger unrest around the world and the fate of Sarah Bloom Raskin’s nomination to the Federal Reserve board. (We taped today’s episode before she withdrew her nomination.) Also, listeners celebrate Kimberly’s official spot in the host chair and a debate over who is more introverted! Here’s everything we talked about today: “America’s Monopolies Are Holding Back the Economy” from The Atlantic Kate Bahn’s testimony on corporate power “Ukraine War Could Put Food Security on Pentagon’s Plate” from Government Executive “Manchin Won’t Support Raskin for the Federal Reserve” from The New York Times “Big container ship goes aground in Chesapeake, recalling Suez ordeal” from The Washington Post Keep independent journalism going strong. Give today to support Make Me Smart.
Sarah Bloom Raskin has withdrawn her name from consideration to the Federal Reserve Board on Tuesday after a stalemate in the Senate over her nomination. Fed policymakers are expected to raise interest rates this week, for the first time in three years. Lisa Desjardins has more on the roadblocks the Biden administration is up against. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
Join Jim and Greg as they applaud West Virginia Senator Joe Manchin for refusing to approve radical Federal Reserve nominee Sarah Bloom Raskin despite pressure from the left. They also chide New Jersey Rep. Tom Malinowski for dismissing parents’ concerns about schools as made-up cultural BS and they see it is a signal that Democrats […]
Listen to our archived episodes: RadioPublic|LibSyn|YouTube Support the show: Patreon|PayPal: 1x or monthly|Square Cash * David Waldman has Joan McCarter stop by for some leftover pi. There's still .141592653589793238462643383279502884197 left, if anyone wants it. Joe Manchin has made millions from coal and is blocking Sarah Bloom Raskin's nomination to the Federal Reserve, Is Joe a dunderhead who doesn't understand how electric vehicles work or is Joe a dunderhead looking to switch out coal mines for battery manufacturing plants and in turn pocket billions? Dunderheading can be quite profitable with little investment. So, while the Party of Ideas introduces serious immigration and education plans, the Party of No finds that a lack of rationality, a lot of hypocrisy and just the right amount of sociopathy will get them through the day. As Congress prepares for an address from Volodymyr Zelenskyy, Ukraine aid and COVID funding dominate their time in Congress. Rand Paul somehow found himself sane for a moment, but probably has something up his sleeve, like a letter from Putin. It turns out that “Ukraine biolabs” were cooked up by the US far-right, sold to dealers in Russia and China and injected directly into the veins of QAnon and MAGA. The Proud Boys' Enrique Tarrio took notes on a criminal conspiracy, and then posed for pictures with the Oath Keepers. Madison Cawthorn came up with the brilliant idea of smuggling arms into the January 6 Insurrection, and the not-so-brilliant idea of telling it to Charlie Kirk. Tina Peters has been indicted for 10 counts in Colorado and went peaceably this time. Josh Hawley incited insurrection and he doesn't even get this lousy mug. Georgia Republicans who just don't trust the 2020 election results, just don't trust Black people either, but as long as they know their place, they can stay awhile. Children shoot adults, adults shoot children, children shoot children, again and again and again.
Hello friends, and welcome to Tuesday.This morning I filled my car with gas costing over five dollars a gallon. My car is a Mini Cooper that I bought years ago, partly because it wasn't a gas guzzler. Now it's guzzling dollars. But when I consider what's happening in Ukraine, I say what the hell. It's a small sacrifice. Yet guess who's making no sacrifice at all — in fact, who's reaping a giant windfall from this crisis? As crude oil prices hit levels not seen in more than 13 years, Big Oil has hit a gusher. Even before Putin's war, oil prices had begun to rise due to the recovery in global demand and tight inventories. Last year, when Americans were already struggling to pay their heating bills and fill up their gas tanks, the biggest oil companies (Shell, Chevron, BP, and Exxon) posted profits totaling $75 billion. This year, courtesy of Vladimir Putin, Big Oil is on the way to a far bigger bonanza.How are the oil companies using all this windfall? I can assure you they're not investing in renewables. They're not even increasing oil production. As Chevron's top executive Mike Wirth said in September, “we could afford to invest more” but “the equity market is not sending a signal that says they think we ought to be doing that.” Translated: Wall Street says the way to maximize profits is to limit supply and push up prices instead. So they're buying back their own stock in order to give their stock prices even more of a boost. Last year they spent $38 billion on stock buybacks — their biggest buyback spending spree since 2008. This year, thanks largely to Putin, the oil giants are planning to buy back at least $22 billion more. Make no mistake. This is a direct redistribution from consumers who are paying through the nose at the gas pump to Big Oil's investors and top executives (whose compensation packages are larded with shares of stock and stock options). Though it's seldom discussed in the media, lower-income earners and their families bear the brunt of the burden of higher gas prices. Not only are lower-income people less likely to be able to work from home, they're also more likely to commute for longer distances between work and home in order to afford less expensive housing. Big oil companies could absorb the higher costs of crude oil. The reason they're not is because they're so big they don't have to. They don't worry about losing market share to competitors. So they're passing on the higher costs to consumers in the form of higher prices, and pocketing record profits. It's the same old story in this country: when crisis strikes, the poor and working class are on the frontlines while the biggest corporations and their investors and top brass rake it in. What to do? Hit Big Oil with a windfall profits tax. Days ago, the European Union advised its members to seek a windfall profits tax on oil companies taking advantage of this very grave emergency to raise their prices. Democrats just introduced similar legislation here in the United States. The bill —introduced by Senator Sheldon Whitehouse and Representative Ro Khanna — would tax the largest oil companies, which are recording their biggest profits in years, and use the money to provide quarterly checks to Americans facing sticker shock as inflation continues to skyrocket. (The bill would require oil companies producing or importing at least 300,000 barrels of oil per day to pay a per-barrel tax equal to half the difference between the current price of a barrel and the average price from the years 2015 to 2019. This is hardly confiscatory. Those were years when energy companies were already recording large profits. Quarterly rebates to consumers would phase out for individuals earning more than $75,000 or couples earning $150,000.)Republicans will balk at any tax increase on Big Oil, of course. (They're even holding up the nomination of Sarah Bloom Raskin to the Fed because she's had the temerity to speak out about the systemic risks that climate change poses to our economy. ) But a windfall profits tax on Big Oil is exactly what Democrats must do to help average working people through this fuel crisis. It's good policy, it's good politics, and it's the right thing to do. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe
Sarah Bloom Raskin has withdrawn her name from consideration to the Federal Reserve Board on Tuesday after a stalemate in the Senate over her nomination. Fed policymakers are expected to raise interest rates this week, for the first time in three years. Lisa Desjardins has more on the roadblocks the Biden administration is up against. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
Ronie Berggren och Björn Norström om det senaste i USA:Iransk kvinna försöker mörda amerikansk man som hämnd för Soleimanis död; Demokraterna försöker blåsa upp hur bra allt blivit under Biden; Jussie Smollett dömd till fängelse; Texas Högsta domstol godkänner Heart Beat Law, som stoppar aborter efter 6:e veckan; Ytterligare poliser skjutna i Arizona; Amerikanska ambassaden får ingen kontakt med Brittney Griner i Ryssland; Biden säger nej till de polska MIG-planen; Allt fler amerikaner reser till Ukraina för att kriga mot Putin; Två personer knivhuggna på museum i New York; Kamala Harris misstag döljs av mainstreammedia; Fotbollsstjärnan Carli Lloyd kritiserar woke-kulturen inom idrotten; Demokrater i Kongressen tycks ha tjänat pengar på Ukraina-kriget; Flera hundra illegala migranter kommer in till Phoenix och slussas ut i USA; Joe Manchin ansluter till Republikanerna för att stoppa Bidens nominerade Sarah Bloom Raskin till Federal Reserve; Bill Maher ställer frågan varför Putin gick in under Ukraina just under Biden?; Iran skickar missiler mot amerikansk militärkonsulat i Irak; Arresteringar och deporteringar av illegala immigranter har sjunkit med 85 procent under Biden. -------- STÖD AMERIKANSKA NYHETSANALYSER: http://usapol.blogspot.com/p/stod-oss-support-us.html
Ongoing tension at the Russia-Ukraine border continues to impact market sentiment. The U.S. Ambassador to the United Nations says the conflict has reached a “crucial moment” and that Russia is moving toward “an imminent invasion.” Senate Republicans are blocking votes on President Joe Biden's five nominees for the Federal Reserve Board, creating an impasse while the central bank is under increasing pressure to combat inflation. Sen. Kevin Cramer (R-ND.), discusses delaying the vote and why he has particular ethical concerns for nominee Sarah Bloom Raskin. Jennifer Sey, former Levi's Brand president, discusses how publicizing her personal views created problems for her career, and whether it's happening to other employees across the country. Plus, there are big changes at the FAA and some tech stocks are beginning to lose their luster.In this episode:Sen. Kevin Cramer, @SenKevinCramerJennifer Sey, @JenniferSeyJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinPhil LeBeau, @LebeaucarnewsKatie Kramer, @Kramer_Katie
In this episode of Bitcoin Magazine's Fed Watch, CK and I catch up on the Freedom Convoy donation situation, dissect Jon Stewart's wake up call with James Hoenig, former Fed President, Fed signaling around CPI and the emergency FOMC meeting, and lastly the scandal that is brewing around Sarah Bloom Raskin's nomination being delayed. This is a longer episode where we just let the conversation go where it wants to. Fed Watch is a podcast for people interested in central bank current events. Bitcoin will consume central banks one day, understanding and documenting how that is happening, is what we are about here at Fed Watch. Crowdfunding with Bitcoin The donation drama around GoFundMe and GiveSendGo has now spilled over to the Bitcoin fundraiser on Tallycoin. As a quick update, GiveSendGo refused to comply with the Canadian court order to freeze the Freedom Convoy funds, however, when they distributed some of the funds to Canadian bank accounts, the funds to the peaceful protestors were frozen on the bank's side. This highlights the multiple layers of censorship that the legacy financial system has, and the need for bitcoin. The honkhonkhodl fundraiser is also running into a few hiccups due to the illegal invocation of the Emergency Act in Canada. The fundraiser had to be stopped because the public faces of the campaign could become targets of the out of control Gestapo government up there. Overall, the Tallycoin fundraiser was a great success and the community learned some very important lessons. The keys to the bitcoin have now been distributed and sending of the funds to the protestors has started. There was also a hack of the GiveSendGo campaign which doxxed 90,000 donors, the amounts they donated, and other personal information. It showed that roughly 45% of the funds came from Americans, not Canadians. This opened the door for dishonest rhetoric from the government calling it “foreign funding” of an insurrection, instead of just Americans and Canadians coming together for freedom. This rhetoric fits into the mold of the “Russia hoax” and is a sign of a government that has totally abandoned its duty to serve the people. Federal Reserve tries to explain debt-based money On the show, we watch a clip of former Kansas City Fed President, James Hoenig, trying to explain money printing to Jon Stewart. It's absolutely hilarious to watch Stewart being red pilled on the financial system in real time. I believe that Hoenig is attempting to explain it all in good faith, but makes a couple mistakes. 1) he says the Fed is the only source of money printing. That is empirically false and misleading, because commercial banks are the source of money printing when they make loans. The Fed only prints reserves, an illiquid asset. 2) Hoenig says that bitcoin is faith-based like the dollar. Instead, bitcoin is not faith-based debt like the dollar, it is a real form of commodity-backed money. The part Stewart cannot wrap his head around is, if the Fed prints money, why can't they print money to pay off all our government debt? A very important question. Hoenig tries to explain that all they can do is an asset swap (QE), where they trade an asset (the debt they are trying to get rid of) for a reserve (an illiquid replacement asset, not real money). It is confusing because Hoenig says they print money in one breath and then says they don't print money, they print debt in the next. CPI Panic The January CPI print sent shockwaves through the markets this week. Immediately, the market began pricing in an inter-meeting rate hike, and a 50 bps hike at the March FOMC meeting. The Fed played along, calling an emergency meeting that met on Monday, Feb 14th, to discuss the situation. By that time however, the market had settled down and was no longer pricing in the inter-meeting hike. There is general agreement amongst FOMC members that a March rate hike is appropriate, but that is about all they agree on. They are in the same boat as everyone else, watching the market and waiting. Sarah Bloom Raskin Delay My latest op-ed on Raskin was well-timed. We discuss the growing scandal that Senator Lummis bravely started in the Senate Banking Committee hearing last week, and which now has led to, at least, a delay in Raskin's appointment. From my article: The real fireworks started at the 1:55:50 mark, when Senator Cynthia Lummis of Wyoming, a friend of Bitcoin, took the mic and absolutely grilled Raskin about Federal Reserve master account access, and her possible indecent connection to the one and only fintech company with a master account, which received that master account while Raskin was on its board in 2018. Lummis laid out compelling circumstantial evidence that Raskin served at the Fed from 2010 to 2014, then the Treasury from 2014 to 2017. After her time in government, she joined the board of Reserve Trust in Colorado, which was denied a master account in 2017, but then was granted a master account after Raskin made a call to the St. Louis Federal Reserve on its behalf. Again, it's important to note that it is the only non-bank to be given that honor, even as dozens in Lummis' home state of Wyoming have failed to make headway in the last two-and-a-half years. A year after the master account was secured, Raskin left the board, bought out for $1.5 million. Mic drop. Sarah Bloom Raskin is a globalist pick who promises to bring a progressive political bent to the Federal Reserve. She is friends with bitcoin enemy Senator Elizabeth Warren and is the wife of highly partisan Jamie Raskin. The delay of her appointment is a silent battle in the informal fight between the globalist progressive Davos crowd and the nationalist-oriented crowd, which Powell represents. That's my take on things at least. That does it for this week. Thanks to the watchers and listeners. If you enjoy this content please SUBSCRIBE, and REVIEW on iTunes, and SHARE!
With all the attention directed to President Joe Biden's commitment to nominate a Black woman to replace retiring Associate Justice Stephen Breyer on the Supreme Court, sadly lost is what we expect from our court and what we expect from our nation. If we have detached from what our nation supposedly is about, what idea could we possibly have about what its top judiciary body is supposed to be about? But this is what is happening. The American ideal that a just society is a free society is disappearing into the wind. And replacing it is the progressive idea that...Article Link
In the final hour of the Zeoli Show, Rich was joined by Congressman Guy Reschenthaler on his opposition to nominee Sarah Bloom Raskin to the Federal Reserve. Rich details the nightmare of flying with kids and part two of What's on the Cut Sheet? 9:01-NEWS 9:03-Congressman Guy Reschenthaler joined Rich to discuss his opposition to Sarah Bloom Raskin's nomination to the Federal Reserve for her potential damage to inflation, especially in the energy sector. 9:10-It's unrealistic to fly with young kids 9:15-President at Levi's quits and leaves $1 million on the table to speak out against school closings 9:43-CUT SHEET | John Kirby refutes Biden's claim he wasn't told how bad the Afghanistan withdrawal could be and was | White House has nothing to say on the Durham report | Singer India Arie calls Jogan as "consciously racist." | Chevy Chase is not apologizing for anything 9;55-Final Thoughts
Congressman Guy Reschenthaler joined Rich to discuss his opposition to Sarah Bloom Raskin's nomination to the Federal Reserve for her potential damage to inflation, especially in the energy sector and gave his thoughts on the protest in Canada over the vaccine mandate for truckers.
Today on the Zeoli Show, Rich discussed the sudden increase in cooperation in the Durham investigation and the main stream media silence on the matter. With more evidence growing that the Clinton campaign hacked into Trump's servers to plant evidence against him, everyone including the Biden's Administration should be concerned this could just as easily happen to them and they should make efforts to prevent it from happening again. 6:04-NEWS 6:10-U.S. can cripple Russia by becoming the world's largest exporter of natural gas 6:12-More people are beginning to cooperate with the Durham investigation 6:25-Americans are starting new small businesses at record pace 6:37-The restaurant in the Meadow Soprano ad doesn't have an EV charger 6:43-Can there ever be another Austin Powers movie? 7:00-Women pilots are growing in numbers 7:03-NEWS 7:08-Canada's ACLU slams Prime Minister Trudeau for invoking the Emergencies Act against the trucker's protesting the vaccine mandate 7:22-The New York Times supports the Canadian truckers' right to protest 7:30-Enes Kanter Freedom traded then released 7:38-Oscar's will do a twitter poll for the fan favorite 7:42-COVID wasn't a concern at the Super Bowl 7;45-CUT SHEET | Kyrie Irving will still not get vaccinated | Prime Minister Trudeau defends use of Emergencies Act | Whoopi Goldberg has returned to The View | Anthony Weiner asked if he has changed at all | 8:05-Daniel Turner, Founder and Executive Director of Power the Future, joined Rich to discuss how the United States could become the largest exporter of oil and natural gas and cripple Russia's influence in Europe. 8:12-AOC blames the end of the child tax credit for the surge in cirm 8:20-NEWS 8:37-Hillary Clinton has to answer to for the Durham report and majority of Democrats agree 9:01-NEWS 9:03-Congressman Guy Reschenthaler joined Rich to discuss his opposition to Sarah Bloom Raskin's nomination to the Federal Reserve for her potential damage to inflation, especially in the energy sector. 9:10-It's unrealistic to fly with young kids 9:15-President at Levi's quits and leaves $1 million on the table to speak out against school closings 9:43-CUT SHEET | John Kirby refutes Biden's claim he wasn't told how bad the Afghanistan withdrawal could be and was | White House has nothing to say on the Durham report | Singer India Arie calls Joe Rogan as "consciously racist." | Chevy Chase is not apologizing for anything 9;55-Final Thoughts Photo by: Drew Angerer / Staff
The job of our Federal Reserve Board of Governors is quite simple – to supervise a smooth-running economy and banking system. Biden's latest radical nominee sees her role as more prophetic. Sarah Bloom Raskin represents another attempt to use the government to pick winners and losers in our economy. Despite what the Left thinks, it's not the job of our government to decide which industries will flourish and which will fail. It is the free market, not the wishes and imposing ideologies of progressives, that has a record as long as the history of our nation itself in creating prosperity. The blessings of liberty, not power, must be secured.
Topics: 1) Widespread evidence in PA of systemic issues related to chain of custody in ballots from 2020 election 2) Hispanic women are leading the charge in the switch to GOP 3) Refund the Police being led by black mayors in deep blue cities 4) Inflation adjusted wages are down 2.4% over last year under Biden 5) GoFundMe succumbs to potential fraud charges and agrees to return $10M in donations intended for Canadian Freedom truckers 6) Peter Schweitzer book alleges Biden family got $31M from a Chinese Intelligence company 7) 62% of the public push back against Biden limiting Supreme Court pick to a black woman 8) Sarah Bloom Raskin, wife of Congressman Jamie Raskin, Biden's pick to head Federal Reserve Regulator get major push back from 24 state CFO's. She is a hard core radical against energy companies and a climate activist - She should NOT be confirmed 9) Opening ceremony of Beijing Olympics is down 43% 10) Maskless Democrats are everywhere from Obama, Abrams, Newsom to Garcetti and more
Sarah Bloom Raskin, the nominee for top Wall Street cop at the Federal Reserve, during her Thursday confirmation hearing pushed back against Republican claims that she would encourage banks to steer financing away from fossil fuel companies. POLITICO's Zack Colman breaks down Raskin's climate stances and how it could impact the future of the Federal Reserve. Kelsey Tamborrino is a reporter covering clean energy and the host of POLITICO Energy podcast. Zack Colman covers climate change for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Carlos Prieto is an audio producer for POLITICO. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the interim executive producer of POLITICO's audio department.
If you enjoy this content please SUBSCRIBE and REVIEW on iTunes, and SHARE! In this episode of Bitcoin Magazine's “Fed Watch'', I fly solo without Christian, but get to interact with the livestream fellas at Bitcoin Magazine, Q and Alex, and answer some questions from the live audience. Topics for this episode were the new nominees for the Federal Reserve Board, the Arizona bill to make bitcoin legal tender, Evergrande and China, and finally the IMF forecast for GDP in 2022. Raskin for Vice Chair of the Federal Reserve This month Biden announced his nominees to replace Rosengren, Kaplan and Quarles at the Federal Reserve, three board members who stepped down in 2021. Of most note was the nomination of Sarah Bloom Raskin to fill Quarles' Vice Chair seat, and his role as Head of Supervision. This is a controversial nomination, because Raskin is a radical progressive. She served at the Fed previously during the Obama administration, so is no stranger to the Fed. She is a big supporter of using Fed policies and powers over banking regulations to promote a progressive political agenda, like climate initiatives. Raskin also draws a hard line on bitcoin and private sector digital alternatives to the USD. She favors the unrestrained use of Fed regulatory powers to control bitcoin and other innovation in the currency space. As for Central Bank Digital Currencies, it is safe to say that she'd agree with those other progressive central bankers like Christine LaGarde, who want to pursue a CBDC. Arizona Bill to Make Bitcoin Legal Tender In our coverage of the Arizona bill to make bitcoin legal tender, I recap the situation and put it in context of GDP size. The Arizona GDP is $375 billion where the El Salvador GDP is $25 billion. As for the legal issues, it is plainly unconstitutional, because the States are not allowed to make anything other than gold and silver legal tender. In an interesting turn, would the federal government actually pursue Arizona in this case since the current USD does not fit the definition either? We'll have to wait and see how this turns out. What we can say now is that it is a big win already for bitcoin in shifting the Overton Window to include this debate. China nationalizing property market Long time listeners of Fed Watch will know we talk about China a lot. In this episode, I give a quick update on things happening right now in regards to the communists, Evergrande, and real estate in general. This month, State Owned Enterprises (SOE) were exempted from the 3-red lines in a de facto, slow motion nationalization of the real estate market in China. This is a big change in how the real estate industry in China is structured, and marks the end of growth in my opinion. Another development we cover is the gigantic secondary market of suppliers around the real estate industry starting to go under. Each large developer in China has an army of suppliers for furniture, plumbing, electrical, metal, concrete, landscaping, etc. These dependent companies are no small fish either. Some of them can be $1 billion companies. I use this as an example of how central planning never works. These are the second and third order effects that those technocrats and authoritarians on high, do not or cannot take into account. Conclusion I end by using the IMF GDP forecasts for 2022 to circle back on the Federal Reserve and their predicted policy path for 2022. Will the Fed be able to raise rates in the middle of the year when the global economy is slowing and everywhere is slipping back into recession? This is an important time for the bitcoin economy to attract capital flight from the atrophy of the legacy economy, and show what it's made of. If you enjoy this content please SUBSCRIBE, and REVIEW on iTunes, and SHARE!
The leading historian on US bank supervision, Sean Vanatta, joins the show to talk about Sarah Bloom Raskin's nomination to the Fed's Vice Chair for Supervision. Tweets: @SeanVanatta, @KalebNygaard “Focus on bank supervision, not just bank regulation” (Brookings) “The Logic and Legitimacy of Bank Supervision: The Case of the Bank Holiday of 1933” (paper w/Peter Conti-Brown) "Histories of Bank Supervision" (paper) Landing page for all of Raskin's speeches as Fed Governor (2010-2014) (FRASER) An old version of the introduction of *the* history of bank supervision in the US Sean is writing with Peter Conti-Brown. We'll have to wait a little bit longer for the book to come out, but for super fans like me, this intro is an awesome sample of what's to come.
The CDC is investigating or monitoring 86 cruise ships with reported Covid-19 cases aboard. President Biden is considering former Federal Reserve governor Sarah Bloom Raskin for a top regulatory post at the Fed. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Can we create transformative climate outcomes by adopting new regulatory strategies? Financial regulation expert Sarah Bloom Raskin helps us explore what levers exist to steer fiscal and monetary policy toward lasting sustainability. Sarah Bloom Raskin is the former Deputy Secretary of the U.S. Department of the Treasury and a former Governor of the Federal Reserve Board. She served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. She is currently a visiting professor and distinguished fellow at Duke Law School's Global Financial Markets Center, and a member of President Biden's Regenerative Crisis Response Committee, which recommends changes in fiscal, monetary, and financial regulatory policies that are likely to enable the U.S. to achieve net carbon neutrality before 2050. Twitter: @SBloomRaskin Learn more about the Regenerative Crisis Response Committee here: https://regenerativecrisisresponsecommittee.org/ Does environmental regulation kill or create jobs? https://policyintegrity.org/files/media/Jobs_and_Regulation_Factsheet.pdf Do regulations really kill jobs? https://www.theatlantic.com/business/archive/2017/01/regulations-jobs/513563/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
Financial services regulatory reform will continue to be active these next three plus years, with the Biden administration focused on activity at the intersection of financial regulation and social policy. However, the pace and tenor of change under the Biden administration will be heavily influenced by the leadership of and senior personnel at the federal prudential and market regulators. In this episode, Duke Law professors Sarah Bloom Raskin, Gina-Gail Fletcher, Elisabeth de Fontenay, Jim Cox, and Lawrence Baxter break down what we might expect for financial regulation under the Biden administration.
In this episode of the Futurum Tech Webcast, I was joined by my colleague, Fred McClimans, to take a look at the Russian government hack of the multiple government agencies, likely some Fortune 500 companies including telecoms and global accounting firms — and counting. We explored the timeline as we know it today, how the hack happened and the role Texas-based SolarWinds software played in the hack, how it was discovered, and the role the Three As: acquisition, aggregation, and activation of data play in a cyberattack. For starters, it's safe to say the U.S. in general has been stunned by this attack, and with good reason. This is easily the biggest crises the NSA has encountered and the threat and risk of exposure for critical information, security, and infrastructure is high. Early assessments point to a state actor, Russia's S.V.R., a successor to the KGB, as the mastermind behind the cyberattack. The hackers, known by the nicknames APT29 or Cozy Bear are part of the SVR and are the same group that hacked the White House email servers and the U.S. State Department during the Obama administration. Our discussion included: The timeline of the attack, first discovered by FireEye, a global cybersecurity firm, about a week ago. After reviewing some 50,000 lines of source code, the FireEye team discovered the culprit — a backdoor vulnerability in a product made by SolarWinds, a software provider serving all five branches of the U.S. military, the Pentagon, the State Department, NASA, the National Security Agency, the Department of Justice and the White House. Also 10 leading U.S. telecoms companies and top five U.S. accounting firms are SolarWinds customers, along with many other of the Fortune 500. The Treasury Department and Commerce Departments were the first breaches discovered, and we now know those affected includes the State Department, the Department of Homeland Security, whose Cybersecurity and Infrastructure Security Agency (CISA) is in charge of — well, cybersecurity, and there are no doubt more targets that will be discovered as the investigation continues. FireEye said that its investigation had identified “a global campaign targeting” governments and the private sector that, beginning in the spring had slipped malware into a SolarWinds update. This malware gave hackers remote access to a network, making everything visible. SolarWinds estimates some 18,000 users, both private and government entities, unwittingly downloaded the Russian-tainted malware as part of a routine software update. The attack was “the day you prepare against” said Sarah Bloom Raskin, the deputy Treasury secretary under the Obama administration, and it's safe to say there are cybersecurity experts the world over who've been operating on little sleep since the hack was discovered. We talked in depth about the three As of a hack (this one or any cyberattack) as being very simple: it's all about data. Data Acquisition, Data Aggregation, and Data Activation. Getting it, organizing it, and then figuring out how best to use it to achieve your goals, nefarious or otherwise. The CISA issued an emergency directive this past Sunday to power down the SolarWinds software. While that is a logical, and important move, what it means is that a whole lot of very large organizations are likely “flying blind” without the use of software they've long relied on for access and visibility into their systems. This hack is a direct hit to the digital supply chain and is an example of what happens above the operating system. It no doubt will be a security event that will likely have far-reaching impact, and we're certain there are many interesting discoveries still ahead. We've done research on security and the role it plays in the enterprise and in governments for both Dell and Cisco in recent months. If you're interested in security and what business leaders are thinking about their organizations' security, we encourage you to download and read this research. You'll find it here: Four Keys to Navigating the Hardware Security Journey (done in partnership with Dell) Unified Communications and Collaboration: The Primacy of Security, Privacy, and Trust (done in partnership with Cisco) Unified Communications and Collaboration: The Essential Differentiators for 2020 and Beyond (done in partnership with Cisco)
Climate change poses a "slow motion" systemic threat to the stability of the U.S. financial system requiring urgent action from financial regulators, including the Federal Reserve and the Securities Exchange Commission. That is one of the findings of a recently released landmark report commissioned by the U.S. Commodity Futures Trading Commission and put together by a panel convened about 10 months ago by CFTC Commissioner Rostin Behnam. In this episode Commissioner Behnam discusses the report's recommendations and next steps with Duke Law professor Sarah Bloom Raskin. Report: https://www.cftc.gov/sites/default/files/2020-09/9-9-20%20Report%20of%20the%20Subcommittee%20on%20Climate-Related%20Market%20Risk%20-%20Managing%20Climate%20Risk%20in%20the%20U.S.%20Financial%20System%20for%20posting.pdf
The coronavirus pandemic has upended American capitalism and forced the Federal Reserve to take drastic steps to keep money flowing throughout the financial system. The Fed has dusted off its 2007-09 financial crisis playbook and expanded it with unprecedented lending facilities that target corporate America directly. What is the purpose of these programs, how do they work, and what tools remain in the Fed's toolbox to help aid the economy during these unprecedented times? A conversation featuring former Deputy Treasury Secretary and Federal Reserve Board Governor, Sarah Bloom Raskin; Global Financial Markets Center faculty director, Lawrence Baxter, and Global Financial Markets Center executive director, Lee Reiners. Want to contact the show? Reach out at reiners@law.duke.edu Interested in learning more about issues in financial regulation and policy? Check out the Global Financial Markets Center's blog, The FinReg Blog. You can learn more about the Global Financial Markets Center by visiting our website: https://law.duke.edu/globalfinancialmarkets/
Ralph talks to historian, Christopher Shaw, about his book "Money, Power, and the People: The American Struggle to Make Banking Democratic." And global trade expert, Lori Wallach, tells us about the pros and cons of the new NAFTA, the USMCA. Plus, former Fed Governor, Sarah Bloom Raskin, stops by again to talk about what the Fed can do to fight the climate crisis.
Rostin Behnam, Commodity Futures Trading Commission (CFTC) Commissioner, and Sarah Bloom Raskin, former Deputy Treasury Secretary and Federal Reserve Board Governor, speak about the risks that climate change poses to the stability of our financial system. In the US, central bankers and financial regulators have been slow to adopt an understanding of the detrimental impacts of climate change, but Commissioner Behnam is attempting to change that. This episode is a fascinating conversation about a topic that is unfortunately only growing in prominence as we continue to see more and more severe weather events. Want to contact the show? Email reiners@law.duke.edu Interested in learning more about issues in financial regulation and policy? Check out the Global Financial Markets Center's blog: https://sites.duke.edu/thefinregblog/ You can learn more about the Global Financial Markets Center by visiting our website: https://law.duke.edu/globalfinancialmarkets/
Mike & Jay open the show with a look at the latest in Russia's invasion of Ukraine, now in its third week. They discuss whether the United States should be doing more to help Ukraine, some military realities, whether or not Putin is a war criminal, revoking Russia's Most Favored Nation trade status, what to expect of China, and a lot more.Following that is a discussion of two Federal Reserve stories from the last week. The first is the widely expected rate hike (the first since 2018) which both Mike and Jay favored. The second is President Biden withdrawing the nomination of Sarah Bloom Raskin to serve as the Fed's vice chair for supervision, largely over her views on the Fed's role on climate change. Jay thinks there is no role for the central bank and Senate Republicans and Democrat Joe Manchin were right to torpedo Raskin's nomination. Mike things that climate change does connect with the Fed's role, and believes Raskin should have been confirmed.Next, they consider the potential for a new COVID wave in the United States, why Congress hasn't approved funding to mitigate the effects of the next wave (assuming it comes), who's playing politics with the issue, and what we should be doing domestically and globally to minimize the spread of COVID variants.That's followed by a discussion of the permanent Daylight Savings Time bill that passed the Senate unopposed, President Biden's unusual interest in the 9th Amendment, and what, exactly, it means to “win” in the culture wars. Mike & Jay's RecommendationsThe Tempting of America. Robert BorkThe Closing of the American Mind. Allan BloomThe Decline of the West. Oswald SpenglerThe Politics Guys on Facebook | TwitterListener support helps make The Politics Guys possible. If you're interested in supporting the podcast, go to patreon.com/politicsguys or politicsguys.com/support. On Venmo, we're @PoliticsGuys.Interested in starting your own podcast? Check out RedCircle, home of The Politics Guys. Support this podcast at — https://redcircle.com/the-politics-guys/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy