Janet Yellen

Imperial Protectionism: US Foreign Policy for the Middle Class

What does a “foreign policy for the middle class” of the United States entail? President Joe Biden’s national security adviser is rather vague about this. But in a speech in April at the Brookings Institution, Jake Sullivan enunciated a few points that do much to pull the carpet from under the “rules-based international order”, unmasking […]

Can the U.S. Adjust Sensibly to a Multipolar World?

In his 1987 book The Rise and Fall of the Great Powers, historian Paul Kennedy reassured Americans that the decline the United States was facing after a century of international dominance was “relative and not absolute, and is therefore perfectly natural; and that the only serious threat to the real interests of the United States […]

Skyrocketing fuel costs will lead to a winter of discontent

New York Post, November 11, 2021 Skyrocketing fuel costs will lead to a long, cold winter of discontent for Americans — courtesy of Biden By James Bovard Get ready for a winter of discontent, thanks to Joe Biden. NY Post illustration One year ago, President-elect Joe Biden warned that Americans would have a “very dark […]
The post Skyrocketing fuel costs will lead to a winter of discontent appeared first on James Bovard.

Biden and Harris are sinking in the polls. Especially Harris. [Video]

This is not tremendously new information, but the accompanying video shows an interesting trend about Kamala Harris in the weekly poll numbers. She has lost a great deal of favorability. Below are screen grabs showing approval polls for each week since she was installed in her post as “Vice President”. Note the trend: The movement […]

For FinTech Magnates: Digital Dollars for the Poor, Exponential Profits for the Rich

The recent incursion by FinTech companies into the banking sector and Secretary of the Treasury Janet Yellen's implicit endorsement of a fully digital currency might be the end of banks as we know them.
The post For FinTech Magnates: Digital Dollars for the Poor, Exponential Profits for the Rich appeared first on MintPress News.

Janet Yellen’s Conflict of Interest Augurs Retail Investment Regulation

As the GameStop market swings continue to squeeze the brains of Redditors who don't know whether to sell or hold, Wall Street's big fish are counting on Janet Yellen to set their rules for the new retail investment game
The post Janet Yellen’s Conflict of Interest Augurs Retail Investment Regulation appeared first on MintPress News.

Reddit rebellion: amateur investors hold the line against Wall Street fat cats

A movement that formed on Reddit groups to challenge challenge billionaire hedge funders with coordinated buys of failing companies has exposed the un-democratic foundations of US capitalism Max Blumenthal visits a spontaneous protest outside the Securities and Exchange Commission after online investing companies like Robinhood blocked trades in Gamestop to prevent retail investors from challenging hedge funds, and takes a look at Treasury Secretary Janet Yellen’s staggering conflicts of interest.

Are US indices pulling a global rout?

US stocks plummet, pulling much of the global indices down with them
Commodity trading also plummeted after Wall Street’s sudden decline this week [Xinhua]
Oil prices have continued into their third day of decline as US stocks plunge at the fastest rate since 2016.
The US benchmark West Texas intermediate dropped 0.76 per cent to $63.66 a barrel for March. Global benchmark Brent Crude fell 0.89 per cent for April to $67.02 a barrel.

Bush-Era Economists Emerge As Front-Runners For Fed Vice Chair Position

After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position.  As the Wall Street Journal notes this morning, two of the more likely candidates for that role are a pair of economists who served in senior positions in the George W. Bush administration.