Markets

Obama’s former economic advisor says Trump is ignoring the most important rule of virus economics — and warns the usual recession playbook is futile against COVID-19

https://www.facebook.com/plugins/video.php Austan Goolsbee, the former economic advisor to President Obama, says “the number one rule of virus economics is that you have to stop the virus before you can do anything about economics.” Goolsbee says after controlling the virus you need to provide relief so that nobody starves or has […]
Obama’s former economic advisor says Trump is ignoring the most important rule of virus economics — and warns the usual recession playbook is futile against COVID-19
Markets

Austan Goolsbee Brilliantly Explains The European Design Flaw

[credit provider=”POLITICO”] A great explanation from Austan Goolsbee — who was interviewed by Ezra Klein — on the European straight jacket.Ezra Klein: You wrote that “Germany’s currency has been to Southern Europe what China’s has been to the U.S.” Unpack that a bit.  Austan Goolsbee: Germany’s productivity has gone way […]
Austan Goolsbee Brilliantly Explains The European Design Flaw
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New Obama Economic Advisor To Push For Government Action On Jobs

[credit provider=”Flickr” url=”http://www.flickr.com/photos/americanprogress/4579567312/sizes/m/in/photostream/”] President Barack Obama will announce this morning that he has selected Princeton University labour economist Alan Krueger to serve as chairman of the Council of Economic Advisers.If confirmed by the Senate, he is to replace Austan Goolsbee — the public face of the administration’s economic policy for […]
New Obama Economic Advisor To Push For Government Action On Jobs
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Buffett To Co-Host Obama Fundraiser In NYC

Billionaire Berkshire Hathaway CEO will host an “economic forum” fundraiser for President Barack Obama at the Four Seasons restaurant in Manhattan next month, the New York Post reports.
Buffett To Co-Host Obama Fundraiser In NYC
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White House Leaning On Geithner To Stay At Treasury

[credit provider=”Wikipedia”] The White House is leaning on Treasury Secretary Tim Geithner to stay in the administration, Bloomberg reports.Geithner has been rumoured to be seeking to return to New York after two-and-a-half years at the helm of the Treasury Department — where he oversaw the stimulus and the auto-industry bailout, […]
White House Leaning On Geithner To Stay At Treasury
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The 15 Most Powerful Members Of ‘Skull And Bones’

[credit provider=”wikimedia commons” url=”http://en.wikipedia.org/wiki/File:Bones_logo.jpg”] The most famous secret society in America, Skull and Bones was co-founded at Yale in 1832 by the father of a future president and has come to signify everything that attracts and repulses the public about “The Elite.”rumour has it that Yale junior class members are […]
The 15 Most Powerful Members Of ‘Skull And Bones’