By Associated Press
Monday, January 6, 2014
WASHINGTON — The Senate (click here) confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases.
Yellen, 67, will replace Ben Bernanke, who is stepping down after serving as chairman for eight years dominated by the Great Recession and the Fed’s efforts to combat it....
We are at a very turbulent time in history. The USA is upside down. It has enormous amount of people in poverty and a large class of people called "The Working Poor." In response to dangerous trends with health care insurance we have new laws that seek out those uninsured to be sure they are covered and to prevent harsh and dangerous policies of the insurance industry. There is a large American debt and the global currencies are basically unstable. Then there is that 'no nation' currency called "Bitcoin" which brings an entirely new potential to further instability of global currency.
Where is the wisdom in allowing so many people to be poorly paid, in poverty and trusting a currency without a sovereign nation attached to it? There are many problems facing nations globally. Chairwoman Yellin has a full plate when she enters her office on her first day.
January 6, 2014
...Zynga (click here) is among the first widely known companies to accept Bitcoin, which has yet to become a viable form of payment with major retailers such as Amazon.com....
We are at a very turbulent time in history. The USA is upside down. It has enormous amount of people in poverty and a large class of people called "The Working Poor." In response to dangerous trends with health care insurance we have new laws that seek out those uninsured to be sure they are covered and to prevent harsh and dangerous policies of the insurance industry. There is a large American debt and the global currencies are basically unstable. Then there is that 'no nation' currency called "Bitcoin" which brings an entirely new potential to further instability of global currency.
Where is the wisdom in allowing so many people to be poorly paid, in poverty and trusting a currency without a sovereign nation attached to it? There are many problems facing nations globally. Chairwoman Yellin has a full plate when she enters her office on her first day.
...Zynga (click here) is among the first widely known companies to accept Bitcoin, which has yet to become a viable form of payment with major retailers such as Amazon.com....
