Boehner Debt Plan Falters As Obama Considers Veto

The White House has warned that President Obama could veto a debt limit plan proposed by top House Republicans. Meanwhile, Speaker John Boehner‘s plan to trim public spending and raise the limit met with resistance from rank-and-file members of his own party. Washington remains deadlocked as a deadline to increase the government’s borrowing authority looms [...]

Nominee to Lead Joint Chiefs Warns Against Deep Cuts

By ELISABETH BUMILLER WASHINGTON — Gen. Martin E. Dempsey, President Obama’s nominee to be chairman of the Joint Chiefs of Staff, warned on Tuesday that proposed cuts in the military budget of up to $1 trillion would be “extraordinarily difficult and very high risk.” General Dempsey, who is currently the Army chief of staff, made [...]

Why Save the Euro?

Why Save the Euro?     Related articles Close up: have euro zone leaders saved the euro? (videosworldnews.wordpress.com) Is the Euro an Idea Whose Time Has Gone? (theatlantic.com) The Euro is Back to the Ugly Contest (businessinsider.com) Trashing the Euro (margotkiser.com) How to Save the Euro (online.wsj.com) FX Note: Really big G-10 FX charts (tradingfloor.com) [...]

Columbia U, Race, Class And The Gentrification Of Harlem

Nellie Bailey: Ethnic cleansing in Harlem led by Columbia U., whose Chair is also chair of the New York Fed Related articles P.A’L.A.N.T.E, Empowering Harlem’s Needy And Underserved (harlemworldblog.wordpress.com) Listen to ‘The Changing World: One Block in Harlem’ (harlemcondolife.com) East Harlem Film Festival At Poets Den In Harlem (harlemworldblog.wordpress.com) The Menu To Celebrate Harlem Week [...]