Money and Computing
Just Put Me in the Wheelbarrow
Diane Girard writes: Unlike the members of a certain famous rock group who think they are young rebels but look like the permanently undead; I don’t believe that seventy-something is the new forty. At age sixty-nine, I know that I’m almost seventy. My body knows it too and it reminds me every morning. When it complains, I know for sure that I’m still in this world. However, I won’t always be here and those dread-filled ads keep reminding me of that. So, how to deal with the facts of death? more »
A Bank's Reputation, Trusted or Tarnished?
Fed Governor Sarah Bloom Raskin: "Many of the darkest manifestations of the financial crisis have finally begun to diminish: the boarded-up homes with overgrown lawns, the half-built skyscrapers, the 'We Buy Houses Cheap' signs planted at exit ramps, the eviction notices nailed to front doors. But even as the economy comes back to life, our memory of these events is still sharp and the reputational damage suffered by US financial institutions during the crisis endures." more »
Pew Research: What the Public Knows - In Pictures, Maps, Graphs and Symbols
In past versions of the News IQ test, Republicans have often outperformed Democrats and independents, but that was not the case with the current quiz. Overall, Republicans on average answered 8.7 items correctly, no different than Democrats (8.6) and independents (8.7). Democrats (47%) were more likely than Republicans (37%) to recognize a photo of Elizabeth Warren, the new senator from Massachusetts. Other partisan differences were very small. more »
Encountering Unusual Headwinds: Fed Reserve Vice Chair Yellen Explains the Painfully Slow Recovery for America's Workers
Fed Reserve Vice Chair Janet L. Yellen: As an objective of public policy, maximum employment doesn't appear in the US Constitution, in any presidential decree, or even in the mission statement of the Labor Department... the Federal Reserve is the only agency assigned the job of pursuing maximum employment. The gulf between maximum employment and the very difficult conditions workers face today helps explain the urgency behind the Federal Reserve's ongoing efforts to strengthen the recovery. more »