The buzz on who will replace Ben Bernanke as Federal Reserve chairman has grown this year and amplified recently with talk of Lawrence Summers as a real possibility. There is also lingering speculation over Timothy Geithner, another previous U.S. Treasury Secretary, and former Fed Vice Chair Roger Ferguson among others as possible successors. Bernanke has provided no hint he wants to stay for a third term.
from Photographers' Blog:
By Kevin Lamarque
Air Force One descends and the well choreographed dance begins: meal trays go up, shoes put back on, and laptops slipped into backpacks. Often the movie is abandoned minutes before the ending. Perhaps it’s time for one last reach into the candy basket. Cameras are slung over shoulders and settings are re-checked. Questions are asked: “Is it raining out there?” “Is there a pen of greeters?” Photographers, first out the door of the press cabin, make their way to the designated spot under the wing to photograph the President descending the steps of Air Force One.
from Stories I’d like to see:
The Hagel fiasco:
I can’t get Defense Secretary-designate Chuck Hagel’s awful Jan. 31 Senate confirmation testimony out of my head. I went back last week and watched most of it again. It was stunning, by far the worst performance by a high-level appointee I’ve ever seen or heard about. I’m not referring to Hagel’s gaffes, though there were some. I’m talking about pretty much everything he said after he read his opening statement. He seemed – is there a nice way to say this? – stupid.
from The Great Debate:
President Barack Obama pledged to cut the deficit in half by the end of his first term. But because he focused on political gimmicks, rather than real reform, we’ve seen trillion-dollar deficits and nearly $6 trillion added to the debt instead. Based on what we heard from the president at a news conference Tuesday, his unserious attitude is likely to continue.
from Unstructured Finance:
By Sam Forgione and Matthew Goldstein
OK, so it's not a big gig like being nominated to head the Treasury Dept. But President Obama's decision to tap PIMCO's Mohamed El-Erian to head the President's Global Development Council is no insignificant matter.