Word: chairman
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Bernanke: A Bad Call ... TIME has got to be kidding in naming Federal Reserve Chairman Ben Bernanke Person of the Year for 2009 [Dec. 28-Jan. 4]. In my opinion, the benchmark for this title must have been considerably lowered for this man to receive it. The choice of Bernanke is an insult to all the hardworking Americans across this great country who because of the routine miscalculations and failed leadership of this Federal Reserve chairman lost their home, financial investments, retirement account or steady employment through no fault of their own. James P. Dinger Ruther Glen...
...That's one reason why a person watching the YouTube video can easily make out the black employee's face, while the computer can't. "A racially inclusive training set won't help if the larger platform is not capable of seeing those details," says Steve Russell, founder and chairman of 3VR, which creates face recognition for security cameras...
...ETFs are also more liquid than mutual funds, because they can be bought, sold or shorted throughout the trading day, just like stocks. By contrast, mutual funds offer only a single price at the end of the trading day. (See TIME's Person of the Year 2009: Federal Reserve Chairman Ben Bernanke...
...what happens next? Last month, the House narrowly passed a financial-reform bill that included many of the Administration's priorities, including a strong consumer agency. It received no Republican votes. Senate Banking Committee chairman Christopher Dodd has been trying to forge a bipartisan consensus around a similar bill, but Republicans have made it clear that the consumer agency is a deal breaker. And the Hill is swarming with financial lobbyists who are desperate to preserve the status quo. (See judgments of Obama's first year, issue by issue...
...focus also reveals a power shift inside the Administration, a smackdown of Treasury Secretary Timothy Geithner, White House aide Lawrence Summers and other centrists who consider populism a dirty word, and have been accused (often unfairly) of being too close to Wall Street. Former Federal Reserve Chairman Paul Volcker, the head of Obama's Economic Recovery Advisory Board, has spent the past year getting frozen out of the White House while blasting Wall Street as a glorified casino; yesterday, he stood next to Obama as the President described the proposed ban on proprietary trading by commercial banks as "the Volcker...