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Title: Obama picks Yellen as Federal Reserve chair
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Published: Oct 9, 2013
Author: Olivier Knox, Yahoo News Signal
Post Date: 2013-10-09 01:53:15 by Tatarewicz
Keywords: None
Views: 122
Comments: 7
President Barack Obama on Wednesday will nominate Federal Reserve Vice Chairwoman Janet Yellen to become the first woman to lead the U.S. central bank. The announcement comes as a government shutdown and fight over raising the debt ceiling threaten to rattle the fragile economic recovery. Yellen and Federal Reserve Chairman Ben Bernanke are due to join Obama in the White House’s ornate East Room for the formal announcement at 3 p.m. on Wednesday. The nomination, one of the most important decisions of the president's second term, requires Senate confirmation. Yellen, 67, has extensive support from Senate Democrats, more than one third of whom signed a letter earlier this year urging the president to pick her. The letter was also seen as a warning to Obama not to pick former Treasury Secretary Larry Summers, an odds-on favorite for the job. Summers withdrew from consideration in mid-September, amid rising resistance to his possible nomination from some Democrats on the Senate Banking Committee. Those Democrats saw Summers as overly involved in deregulation of the financial sector during then-President Bill Clinton’s term, and insufficiently committed to using the Fed’s power over interest rates to promote job creation. The White House announcement drew praise from the Senate. “She’s an excellent choice and I believe she’ll be confirmed by a wide margin,” said Democratic Sen. Chuck Schumer of New York. “Today is a historic moment for the Federal Reserve, for women everywhere, and for all of us who care about job creation,” said Democratic Sen. Sherrod Brown of Ohio, one of Yellen’s most vocal supporters. The confirmation process will give Republicans the opportunity to challenge Yellen on the Poster Comment: No mention in story of Yellen being being Jewish; banksters keeping control of finance within the family: Janet Louise Yellen (born August 13, 1946) is an American economist and professor who is the Vice Chair of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business. President Obama will nominate Yellen to replace Ben Bernanke as Federal Reserve chairman on October 9, 2013.[1] Yellen was born in Brooklyn, New York, the daughter of Anna (née Blumenthal) and Julius Yellen, a doctor.[2] She graduated from Fort Hamilton High School in the Bay Ridge section of Brooklyn.[3] She graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in economics from Yale University in 1971. Yellen is Jewish,[4] and is married to George Akerlof, a Nobel prize-winning economist and professor emeritus at the University of California, Berkeley. Her son, Robert Akerlof is an assistant professor at the University of Warwick.[5]
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#1. To: Tatarewicz (#0)
High powered banksters swear allegiance to the U.S. fully intent upon destroying America ... then they cite their kol nidre oath while enjoying cocktails with other shit eaters like themselves, laughing until dawn when all vampires must retreat to their coffins.
My first introduction to jews was not via being taught, rather by observation of a child that observes a difference or abnormality, then asks questions. Small town, nearly all the local shops were owned and operated by people that were PHYSICALLY,VERBALLY AND SOCIALLY DIFFERENT. Many smelled different. Thick, rimmed glasses, large nose, stilted speech. Thus a negative view started at an early age, totally innocent.
I didn't even know what a Jew really amounted to as a kid. (I wasn't concerned about the racial opinions of others and hadn't formed any of my own). In High School I was invited to join a Nazi Youth Cult but declined as I had no interest and at that time believed the chosen people fraud. Raised a Catholic, I held typical Catholic ideology until I entered the military. (My dog-tags still claimed Catholic though I just mouthed that when asked). Then at some point I started noticing so-called Jewish names attached to all things filthy and/or vile. I noticed they were money grubbers and weasels in business. I'd watch a TV program and know before they showed the credits that a Jew had produced it. At any rate, my opinions have developed over time with experience and research, not from some homemade redneck prejudice.
There is one advantage to being in the bottom one per cent of the social red neck class. We never looked down because we were the bottom of the ladder. I never understood the hatred that came down the social ladder, why was it necessary to hate known inferiors? The barometers are wealth and position, lack thereof equals automatic hatred.
I too am a lower rung child ... never looked down on others (regardless of race) but made decisions based upon actions of others, nor have I given respect to the upper crust unless earned.
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#3. To: noone222 (#1)
#4. To: Cynicom (#3)
observation of a child that observes a difference or abnormality, then asks questions.
#5. To: noone222 (#4)
At any rate, my opinions have developed over time with experience and research, not from some homemade redneck prejudice.
#6. To: Cynicom (#5)
We never looked down because we were the bottom of the ladder.
Replies to Comment # 6.