4:03 PM, Jun 19, 2015 • By NOEMIE EMERY
Alexander Hamilton can’t get no respect. First, he gets born with at least four strikes against him---in the British West Indies, not exactly the hub of the universe; poor, illegitimate, dead-beat dad, and mother dead when he was eleven; then he blunders into the first great sex scandal of the nascent Republic; then he gets murdered at age 49, shot in a duel by the sitting vice-president, a sociopath who was running a side-line in plotting secession, creating a new state in which he’d be King. Now, two weeks before the 211th anniversary of the duel that killed him, comes the unkindest of cuts: the move to oust his loveable visage from the ten dollar bill, to be replaced by some yet-to-be-picked-out person of gender, to atone for years---nay, decades and centuries----of ‘otherness,’ dissing, and grief.
Everything is wrong with this ill-advised project, among them the fact that Hamilton eclipses in impact all but a very small handful of presidents, much less the well-meaning but much more obscure list of social workers etc. the feminists want to see in his stead. Why can’t they see that this makes them ludicrous? Why can’t they go for the two-dollar bill---Jefferson still has the nickel---or one of the less-used denominations, filled by less worthy men? Why should women get on a bill before African Americans do, who have suffered much more (sorry, ladies), and have people, like Frederick Douglass, with much greater claims upon consequence? And why not wait for a woman to come along who really deserves it? The bullpens are filling up with some serious talents, and it won’t be long now.
But if they must do it now, why not cut to the chase and replace him with Hillary, who, no matter what happens, has surely earned something by living with Bill? Other good choices might be Sandra Fluke, "Mattress Girl," Caitlin Jenner, or Rachel Dolezal for their trail-blazing ventures in consciousness raising. Should this occur, the next move might be a currency boycott, moving the ten dollar bill towards extinction by refusing to use it---demanding two Abes or ten Georges when one is proffered, or the equivalent in Kennedy half-dollars, Washington quarters, Jefferson nickels, or even Roosevelt dimes..
12:01 AM, Apr 11, 2015 • By IRWIN M. STELZER
The strong dollar, warns Larry Fink, CEO of BlackRock in a letter to be released to shareholders next week, “will lead to an erosion of confidence on the part of CEOs, with the potential to slow both investment decisions and future growth in the U.S.” When you manage almost $5 trillion in assets, and monitor perhaps twice that much for the U.S.
12:01 AM, Jan 31, 2015 • By IRWIN M. STELZER
On April 5, 1933, Franklin Roosevelt did it right here in the White House. On August 15, 1971 Richard Nixon came back from Camp David and did it. On September 22, 1985, Ronald Reagan went to the Plaza Hotel and did it.
American presidents are not the only ones who did it. Chinese communists do it often and are doing it now, as is Japan’s Prime Minister Shinzo Abe. And Mario Draghi, the head of the European Central Bank, finally decided to do it right there in Frankfurt even though his German overseers disapprove.
11:25 AM, Jun 23, 2014 • By DANIEL HALPER
Greg Abbott, the Republican candidate for governor in Texas, is now accepting the digital currency Bitcoin. He's just now released this ad, letting supporters know:
11:35 AM, Mar 5, 2014 • By JONATHAN V. LAST
"Bitcoin" is the most widespread, cryptographically-secure Internet currency. It was created in 2009 by someone (or someones) who referred to themselves as "Satoshi Nakamoto." Once it was released into the wild, the bitcoin currency ecosystem operated on a public, inalterable schedule.
12:00 AM, Feb 9, 2013 • By IRWIN M. STELZER
Growth is the summum bonum of economic policy. Tough to arrange at home: stimulus packages don’t work very well, and monetary policy produces lots of fiat money but not very many jobs. The solution: export-led growth—the other guy will buy so much of your goods and services that your economy will grow. There are two ways to make this sort of growth happen. Lower the international value of your currency so that your output is cheaper overseas, or increase productivity at home by lowering labor and other costs and therefore the prices you need to charge foreigners.
12:41 PM, Oct 12, 2011 • By MICHAEL WARREN
During Tuesday night’s debate in New Hampshire, moderator Karen Tumulty challenged Mitt Romney on his recent tough talk on China. Romney says China is a “currency manipulator” and argues that, by setting unfair prices and allowing the theft of American intellectual property, the Chinese government is cheating world markets and must be held accountable
Not yet.12:00 AM, May 28, 2011 • By IRWIN M. STELZER
The fuss about a possible default if our warring politicians fail to agree on an increase in the debt ceiling is good fun for reporters: the president removed himself from the negotiations in favor of a visit to the Palace and says he won’t agree to cut spending unless the Republicans agree to raise taxes on the rich, variously defined as families earning more than $250,000 per year and “millionaires and billionaires.”
A currency divided against itself cannot stand.May 9, 2011, Vol. 16, No. 32 • By IRWIN M. STELZER
A spectre is haunting Europe—the spectre of the disintegration of the eurozone. All the powers of old Europe have entered into a holy alliance to exorcize this spectre: German chancellor and French president, the Brussels eurocracy and the bonus-laden bankers. Let the ruling classes tremble. The debtors have nothing to lose but their burdens.
12:00 AM, Oct 23, 2010 • By IRWIN M. STELZER
The good news, as reported by the Federal Reserve Board survey of business conditions, is that “on balance, national economic activity continued to rise” in September and at the beginning of this month.
Didn't stay in Greece.12:00 AM, Jun 19, 2010 • By IRWIN M. STELZER
There is a direct line from Athens to Toronto, and not only on Air Canada. The more important connection is provided by the financial markets.
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