Our colleague John Curran over at the Curious Capitalist does some close reading of the Fed chairman’s speech in Jackson Hole following today’s tepid growth numbers:
With that less-bad-news-is good-news as a backdrop, Bernanke spoke of the Fed’s policy options in a sluggish world with low interest rates, miniscule inflation and a major
…
–Second quarter growth is revised down to a crawling 1.6% annual rate.
–Fed Chair Bernanke is set to speak at 10 am ET in Jackson Hole, Wyoming.
—Krugman: “This isn’t a recovery, in any sense that matters.” He writes Team Obama is “sugar-coating economic reality” and “evading responsibility.”
–Doomsayer Nouriel Roubini …
The buzz this week is about a 43-year-old Fairbanks lawyer who seems to have knocked Senator Lisa Murkowski out of the Alaskan Republican primary for U.S. Senate. So, who is Joe Miller? Right now, he’s not talking to journalists, so it’s hard to tell but here’s what I’ve managed to gather about him:
The bearded self-described …
Reuters
–With the recovery sputtering, second quarter growth numbers due out and the Fed still divided on what, if anything, to do, Ben Bernanke is preparing a speech for tomorrow. It could be a big one.
–Writing in the Wall Street Journal, economist Alan Binder argues the central bank has nothing but weak ammunition …
Swamplanders may have noticed a post from a new name this afternoon, TIME’s National Security correspondent extraordinaire Mark Thompson.
Mark is a Pulitzer Prize winner for his 1985 Fort Worth Star-Telegram five-part story about a design flaw in Bell helicopters that went uncorrected for a decade and claimed 250 lives during that …
Economist Mark Zandi of Moody’s Analytics was in the spotlight at the Christian Science Monitor breakfast this morning, where reporters quizzed him on policy and predictions, some more heartening than others. Jay and Crowley both addressed House Minority Leader John Boehner’s economic-themed speech yesterday, but below are some …
–Read Jay’s write-up of last night’s primaries!
–The Daily Beast’s Tunku Varadarajan unleashes on John McCain.
–Mayor Bloomberg offered a renewed defense of Islam and Cordoba House at an iftar dinner last night:
[youtube=http://www.youtube.com/watch?v=1ZpSMGaGE-g]
–The administration will
Tuesday night’s primaries reminded us that nothing this election season is as we expect it. A third Senate incumbent is fighting for her political life this morning: in a surprisingly close race Alaska Republican Lisa Murkowski is trailing Tea Party fave Joe Miller by 2,000 votes with 98% of precincts reporting. The results of this …
TIME’s Katy Steinmetz and Feifei Sun have this fun compilation of the best TV ads thus far this campaign season. The gallery is well worth the click through — many of them are, intentionaly or not, hysterical.
My favorite for oh, so many reasons (the gun slinging, the close up of his horse’s face when he calls his opponents dummies, …
House Minority Leader John Boehner today laid out five prescriptions for the Obama Administration on the economy and gave a flavor of what he might do if he becomes Speaker after the midterms. In a speech at Cleveland’s historic City Club, where every virtually president has spoken since Teddy Roosevelt, Boehner slammed the President …
If you like the kind of comedy that makes you cringe as you’re watching someone train wreck their life, then this is the show for you. Former Illinois Governor Rod Blagojevich hit the Daily Show last night. Here’s the interview.
Part 1:
[vodpod id=ExternalVideo.964791&w=425&h=350&fv=autoPlay%3Dfalse]
And Part 2:
[vodpod …
Reuters
–As Jay noted, some of the nastiest primary fights of the season will come to a close today as voters in Florida, Vermont, Oklahoma, Arizona and Alaska head to the polls.
–Minority Leader Jon Boehner is delivering what’s billed as a “major address” on the economy this morning in Cleveland. On the menu: calls to extend …
The theme of this Tuesday’s primaries is: if you’re an incumbent and you love your base and you hug it close — really, really tightly — you might just win your party’s nomination. Though, some might argue that running so hard to the right (or the left) might be a Faustian bargain from which you risk never regaining your soul …
