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Nov 26, 2012

Jamie Dimon good choice for U.S. Treasury: Baha

NEW YORK (Reuters) – As President Barack Obama casts around for a new U.S. Treasury Secretary, one top bond manager has a suggestion: Forget the London Whale debacle and consider JPMorgan Chase’s (JPM.N: Quote, Profile, Research, Stock Buzz) CEO Jamie Dimon.

Timothy Geithner, who has held the top Treasury post and one of the most powerful positions in world finance since 2009, is expected to leave early in the new year. He will stay through Inauguration Day, January 21, the White House said.

Oct 17, 2012

Moderate earthquake strikes Maine, felt in Boston

BOSTON (Reuters) – A moderate earthquake struck the northeastern U.S. state of Maine on Tuesday shortly after 7 p.m. (2300 GMT), according to the U.S. Geological Survey.

First reported as a 4.5 magnitude quake centered near Lake Arrowhead, the USGS revised the quake’s magnitude to 4.6 and finally down to 4.0.

Oct 16, 2012

Fed’s Raskin: Regulators don’t have “gotcha mentality”

BOSTON, Oct 16 (Reuters) – U.S. financial regulators have
not overcompensated for past behavior in their approach toward
regulation since the financial meltdown of recent years, and do
not approach their work with a “gotcha mentality,” a top Federal
Reserve official said on Tuesday.

“Overcorrection is not preached as best practice in
regulation,” said Federal Reserve Governor Sarah Raskin. “I
haven’t seen overzealous examinations.”

Oct 3, 2012

Bill Clinton fires up Democratic voters in New Hampshire

DURHAM, New Hampshire (Reuters) – Former President Bill Clinton took to the campaign trail in New Hampshire on Wednesday, lending President Barack Obama some firepower in a battleground state that has recently warmed to the idea of a second term for the incumbent.

Hours before Obama takes on Republican challenger Mitt Romney in Denver in the pair’s first nationally televised debate, the 42nd U.S. President fired up a rally at the University of New Hampshire-Durham.

Oct 2, 2012

Testy debate in Massachusetts for key U.S. Senate seat

BOSTON (Reuters) – Democrat Elizabeth Warren’s claim of Native American heritage was once again in the spotlight as she sparred with Republican rival Scott Brown on Monday in the second debate of the pair’s contest for the U.S. Senate seat from traditionally Democratic Massachusetts.

Recent polls show Warren, 63, a Harvard Law School professor and former official in President Barack Obama’s administration, maintains a slim lead over Brown, who swept into the Senate in a special election in 2010 after the death of revered Democratic Senator Edward Kennedy.

Sep 19, 2012

Bayer CEO decries pressure to lower drug prices

Sept 19 (Reuters) – Pressure from governments to lower drug
prices risks undermining medical innovation, Bayer AG’s
chief executive said on Wednesday, echoing complaints
of other drug company executives.

Speaking at the Boston College Chief Executives’ Club,
Marijn Dekkers said there was “tremendous pressure” on
drugmakers to lower prices.

Sep 19, 2012
via FaithWorld

Was Jesus married? New Coptic-language papyrus fragment fuels debate


(Appearance of Jesus Christ to Maria Magdalena, by Alexander Andreyevich Ivanov, 1835/Tretyakov Gallery, Moscow)

A previously unknown scrap of ancient papyrus written in ancient Egyptian Coptic includes the words “Jesus said to them, my wife,” — a discovery likely to renew a fierce debate in the Christian world over whether Jesus was married.

Sep 18, 2012

Was Jesus married? New papyrus fragment fuels debate

BOSTON (Reuters) – A previously unknown scrap of ancient papyrus written in ancient Egyptian Coptic includes the words “Jesus said to them, my wife,” — a discovery likely to renew a fierce debate in the Christian world over whether Jesus was married.

The existence of the fourth-century fragment — not much bigger than a business card — was revealed at a conference in Rome on Tuesday by Karen King, Hollis Professor of Divinity at Harvard Divinity School in Cambridge, Massachusetts.

Sep 17, 2012

Democrat Warren leads in two Massachusetts Senate polls

BOSTON (Reuters) – Two new surveys show Democrat Elizabeth Warren ahead of incumbent Republican Scott Brown in the race for the U.S. Senate in Massachusetts, one of the year’s most costly and closely watched Congressional contests.

Regaining the seat – which Brown won by an upset in 2010 in a special election following the death of Democrat Edward Kennedy – would help the Democrats retain their slim majority in the Senate.

Sep 13, 2012

Northeast, two other U.S. fishing areas declared disasters

BOSTON (Reuters) – The U.S. Commerce Department on Thursday declared a national fishery disaster for the northeast United States as a result of severely low stocks of key groundfish species such as cod and flounder.

The declaration, which came after a two-year campaign by members of the region’s congressional delegation, clears the way for disaster aid to be allocated to coastal communities.

    • About Ros

      "Ros Krasny is Boston Bureau Chief, leading coverage of the New England scene. She was previously a regional Federal Reserve correspondent based in Chicago, and spent many years writing about agricultural commodity markets with Bridge News and Knight-Ridder Financial news."
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