Tag: Elizabeth Warren

‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary

Tina Marie (Ms. Cat)

‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary

— “Janet Yellen’s nomination to be Treasury Secretary is a win for the establishment and a loss for progressives and modern monetary theory proponents. So far, the Biden team is mostly establishment types, which should ease the concerns of investors who feared a more leftward tilt. Although we were skeptical that Mr. Biden was going to pick Sen. Elizabeth Warren for the Treasury job, that risk has been completely removed for now.” — Brian Gardner, chief Washington policy strategist at Stifel.

…

— “She is well within the orthodoxy of the economics community, and I suspect that fact along with her familiarity will lead to a largely positive response from financial markets. More broadly, from what we have seen so far, Biden appears to be mainly choosing old Democratic hands to fill his most vital Cabinet and White House posts, people from the Obama (and in some cases, even the Clinton) years. Progressives had hoped to wield major influence in the next administration, but if Biden’s personnel choices so far are any indication, he intends to govern more from what constitutes the middle of the Democratic Party today than to push the envelope far to the left.” — Stephen Stanley, chief economist at Amherst Pierpont.

Related:

The Wall Street Journal Nominates Janet Yellen as Treasury Secretary

Are Covid Patients Gasping ‘It Isn’t Real’ As They Die?

Tina Marie (Ms. Cat)

Are Covid Patients Gasping ‘It Isn’t Real’ As They Die?

Perhaps it’s worth considering that Huron Regional Medical Center has seen a total of six Covid-19 deaths to date. Beadle County, where Huron is located, has registered a total of 22 such deaths, 13 of which occurred since August 1. And in Sanborn County, where Doering lives, there’s been one Covid-19 death. It’s certainly possible that the other facilities where Doering works have seen a higher number of fatalities; she may indeed have watched a great many patients die, as so many frontline workers have. But when all we have is one person’s story, it’s hard to know exactly what it means.

Senator Sherrod Brown Calls for Breaking Up the Wall Street Banks; Elizabeth Warren Tells Fed: “I Don’t Believe You’re Doing Your Job”

Tina Marie (Ms. Cat)

Senator Sherrod Brown Calls for Breaking Up the Wall Street Banks; Elizabeth Warren Tells Fed: “I Don’t Believe You’re Doing Your Job”

Senator Jon Tester of Montana got into a heated debate with Randal Quarles, the Vice Chairman for Supervision at the Federal Reserve. Although both the Chairman of the Federal Reserve, Jerome Powell, as well as Quarles, have previously stated that another round of fiscal stimulus is needed from Congress, Quarles now seems to have been intimidated by some Republicans in Congress who don’t want another stimulus package. Quarles, during the hearing, refused to endorse another stimulus package.