Will the Fed Kill the Recovery Again?

For most of its history, the Federal Reserve has been dominated by bankers and orthodox economists, who kill the recovery at the first sign of inflationary risks. Happily, the Fed today is led by Janet Yellen, a very uncharacteristic Fed chair who spent most of her career as a labor economist, of all things. Yellen is aware of the changes in the structure of...

This Week In History

1617   The Treaty of Stolbovo ends the occupation of Northern Russia by Swedish troops. 1734   The Russians take Danzig (Gdansk) in Poland. 1788   Connecticut becomes the 5th state. 1796   Napoleon Bonaparte marries Josephine de Beauharnais in Paris, France. 1812   Swedish Pomerania is seized by Napoleon. 1820   Congress passes the Land Act,...

A 1/3 of U.S. cities ban homeless camps, the nation’s nearly 600,000 homeless are bad for business.

For Teresa Sigerson, a former waitress who has lived under a Chicago expressway bridge for three years, the camp she shares with eight others provides shelter, companionship and some measure of security. “There’s safety in numbers,” said Sigerson, 51, who begs during the day and sleeps between concrete bridge pillars under a highway northwest...

This Day In History

418 Death of Zosimus, Greek pope 537 Saint Sofia, church in Constantinople, initiated. 537 The Hagia Sophia is completed. 975 Balderik bishop of Utrecht (918-75), dies. 1065 Ferdinand I the Great, king of Castile, dies. 1076 Death of Prince Svyatoslav II of Kiev (b. 1027) 1381 Death of Edmund de Mortimer, 3rd Earl of March, English politician 1390 Birth of Anne...

EBOLA – Dallas, Texas

Dallas Mayor Mike Rawlings has activated a city emergency management center after a patient was confirmed with the first case of Ebola diagnosed in the U.S. Rawlings said Wednesday that city officials are cooperating with the Centers for Disease Control and Prevention to determine who’s been in contact with the man. Medical experts on Tuesday confirmed the...