Posts Tagged ‘shelby

14
Mar
12

state dinner

****

Dinner guests:

U.S. Secretary of Health and Human Services Kathleen Sebelius and her son Ned

Damian Lewis and Helen McCrory

Attorney General Eric Holder and his wife Sharon Malone

Warren Buffett and his wife Astrid

Sergeant First Class Leroy Petry, a medal of honor recipient, and his wife Ashley Petry

Sen. John Kerry and Teresa Heinz Kerry

Sen. Charles Schumer and Iris Weinshall

Gwen Ifill and Wendell Pierce

Maryland Governor Martin O’Malley and his wife Katie

U.S. Congressman John Dingell and his wife Deborah

Andrew Sullivan and Aaron Tone

Anna Wintour, editor-in-chief of Vogue magazine, and Shelby Bryan

Jay Carney and Claire Shipman, Senior National Correspondent for ABC

Hugh Bonneville and LuLu Williams

Golfer Rory McIlroy and guest Conor Ridge

Harvey Weinstein and Georgina Chapman

Idris Elba

George …. you know

Vice President Joe Biden with his wife Jill Biden and British Foreign Secretary William Hague

 

06
Jun
11

‘letting a diamond slip away’

Steve Benen: Last year, the Senate Banking Committee twice approved Peter Diamond’s nomination to the Federal Reserve. And twice, the Senate wasn’t allowed to vote on Diamond because Sen. Richard Shelby (R-Ala.) and a handful of his far-right colleagues threw tantrums for unknown reasons. So, this year, President Obama resubmitted the Diamond nomination. And once again, the petulant Republican from Alabama led a small contingent that decided they’re entitled to veto power over the process.

After more than a year of waiting for a simple vote, Diamond has given up. In a New York Times op-ed, the respected Nobel laureate explained why he’s withdrawing:

Instead of going to the Fed, however, I will go about my congenial professional existence as a professor at M.I.T., where I have taught and researched since 1966, and I will take advantage of some of the many opportunities that come to a Nobel laureate. So don’t worry about me …  But we should all worry about how distorted the confirmation process has become, and how little understanding of monetary policy there is among some of those responsible for its Congressional oversight.

… Diamond is among the most accomplished economists of his generation, and last year, was awarded a Nobel Prize in economics. And yet, there was Richard Shelby & Co., insisting that Diamond lacked the qualifications to join the board of governors of the Federal Reserve ……The result of this fiasco isn’t just the loss of a qualified nominee to an important post; it’s also a lost opportunity to have the Fed take actions to bolster the economy. We can only hope that this wasn’t part of a larger campaign by Republicans to hurt the economy on purpose.

Full post here




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