CEI Today: Yellen pick for Federal Reserve, California's tax subsidy, and an illegal strike in Boston

Thursday, October 10, 2013
In the News Today


Yellen Pick Shows Left Unconcerned With Value of The Dollar, CEI Analysts Say

Janet Yellen, now vice-chair of the Federal Reserve, has been selected by President Obama to lead the Fed. She is said to be a “dove,” more concerned with alleviating unemployment than holding the line on inflation.

Said John Berlau, Senior Fellow For Finance And Access to Capital: “Ironically, for all of Larry Summers' supposed ties to Wall Street, Janet Yellen has always been Wall Street's favorite because of her firm commitment to quantitative easing. Wall Street loves quantitative easing much more than it dislikes regulation. The primary dealers of Wall Street directly benefit from access to the cheap money from the Fed that causes inflation by the time it gets to Main Street.”> Read more

> Interview Berlau, Frezza


A Manmade Western Waterscape Needs Less Washington

Why give California, the world’s 8th largest economy, $15 million from federal taxes for relief actions and planning? That's what CEI's Wayne Crews asks in testimony today before the House Subcommittee on Water and Power, Committee on Natural Resources, about H.R. 3176, a bill reauthorizing parts of the Reclamation States Emergency Drought Relief Act.
> View the testimony

> Interview Wayne Crews


Workplacechoice.org: Boston Bus Drivers Illegal Strike

On October 8, hundreds of Boston Public School union bus drivers went on a surprise strike, which left nearly 33,000 kids without a ride to school. > Read more

> Interview Trey Kovacs




CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.


CEI President Lawson Bader

Shutdown? What shutdown?!

In case you hadn’t noticed, the federal government is not currently functioning at full capacity. But when I gaze upon federal agencies and Capitol Hill, to me it still feels like business as usual. The sad truth is it is business as usual. > Read more