I believe President Obama deserves deference in picking his team, and I've generally tried to give him that. But enough is enough.
Last Wednesday, President Obama announced his nomination of Antonio Weiss to serve as Under Secretary for Domestic Finance at the Treasury Department. This is a position that oversees Dodd-Frank implementation and a wide range of banking and economic policymaking issues, including consumer protection. read more
BEIJING (AP) -- President Barack Obama pressed world leaders Monday to break stubborn logjams that have held up an agreement on a trans-Pacific trade deal that is eagerly sought by the White House and could lead to rare consensus with congressional Republicans. read more
Drug Policy Alliance: Today, California voters took a significant step toward ending mass incarceration and the war on drugs by approving Proposition 47. On the heels of reforming the state's "three strikes" law in the 2012 election, Californians overwhelmingly voted to change six low-level, nonviolent offenses -- including simple drug possession -- from felonies to misdemeanors. "The overwhelming support for this reform sends a powerful message nationally, demonstrating that voters are not just ready but eager to reduce prison populations in ways that can enhance public safety," said Ethan Nadelmann, executive director of the Drug Policy Alliance. read more
Samia Hossain: When you get off a train, do you get off ahead of passengers? Or do you get off behind passengers? When you're going on a trip, do you come off as nervous? Or are you an unusually calm traveler? How about if you make a phone call at a station, do you look around? Or do you stare straight ahead? If you don't know the answers to these questions, you'd better figure them out now. Because unless you get off in stride with other train passengers, live at the elusive intersection between anxiety and tranquility, and close your eyes during phone calls, you're a suspicious person subject to questioning by Amtrak police.
The U.S. benchmark price dropped to $79.78 a barrel on Oct. 16, the lowest since June 2012. At that level, one-third of U.S. shale oil production would be uneconomic, analysts for New York-based Sanford C. Bernstein &amp; Co. led by Bob Brackett said in a report yesterday. Drillers would add fewer barrels to domestic output than the previous year for the first time since 2010, according to Macquarie Group Ltd., ITG Investment Research and PKVerleger LLC. read more