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As of January 1, 2012, Going Global East Meets West will move to a new address. You can check out the new address @ link. I will be posting on both sites (until January 1st) and will adhere to the strict copyright SOPA law, which may go into effect January 1, 2012. Please note that the new site will Also be free from any advertisements or solicited donations that fall under SOPA's strict policy.New Address ~ link ..
In October 2007, Greg Mankiw closed the comments section on his blog with this message "Why Comments Are Gone."
Now Don Boudreaux and Ross Roberts have just announced that they are indefinitely closing the comments section of Cafe Hayek, with this message "Comments to be Closed."
In both cases, the economics bloggers expressed frustration with the lack of civility among some commenters, and the "e-food fights." I've also experienced those same frustrations, along with concerns about the additional time it takes to moderate some comments, check the spam filter on a daily basis to free some of the comments stuck there, etc. But for now, the comments section on Carpe Diem will remain open!
2. The FDIC - An agency that gained significant powers over the nation's biggest banks under Dodd-Frank financial overhaul law .. Link ..Federal Deposit Insurance Corp
December 19, 2011
Positions that need to be filled and Stalled in the Senate:
_Agency appointments deferred _Consumer Financial Protection Bureau _Federal Deposit Insurance Corp. _Office of the Comptroller of the Currency
The stalemate over the consumer bureau has prevented the Senate from approving nominees to two banking regulatory agencies: the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
The three nominees—Martin Gruenberg, Thomas Hoenig and Thomas Curry—would be charged with implementing last year's Dodd-Frank financial-overhaul law, which imposes a raft of restrictions on the financial industry and is opposed by some Republicans. The three are expected to take a tough line on the nation's largest banks. ____ December 19, 2011
GOP Keeps Appointments on Hold
Senate Republicans are taking steps to try to block President Barack Obama from using his power to make appointments while lawmakers are away for the holidays. But the president could hold a trump card or two.
Senate Minority Leader Mitch McConnell took the first shot on Saturday, saying he would allow Senate votes on Obama nominees only if the president dropped the idea of using his recess appointment powers.
Continues ...read more .. Republicans also moved to keep the Senate technically in session through late January, when senators plan to return to Washington, the same tactic they used during a break in May.
The main target has been former Ohio Attorney General Richard Cordray, the president's pick to head the new—and contentious—Consumer Financial Protection Bureau. Republicans don't want to confirm a director until changes are made to the bureau's structure.
The White House was undeterred on Sunday. "Without a confirmed director the bureau can't exercise its full ability to protect consumers, which is why the president will keep fighting for Cordray and against Republican attempts to weaken these important consumer protections," White House spokeswoman Amy Brundage said.
The response fueled speculation that Mr. Obama will override the lawmakers' maneuvers with moves that undoubtedly would provoke protests from Republicans at a time when partisan tensions in Washington are already high.
Even if the Senate remains in "pro forma" session, legal experts say Mr. Obama could install his nominees after the Senate goes home and before any placeholder session convenes. Or he could wait until Jan. 3—just before the new congressional session formally starts.
In 1903, in a split-second between two congressional sessions, President Theodore Roosevelt made more than 100 recess appointments.
Stalled in the Senate:
_Agency appointments deferred _Consumer Financial Protection Bureau _Federal Deposit Insurance Corp. _Office of the Comptroller of the Currency
Since any appointments during the "pro forma" sessions would likely provoke a legal challenge, legal experts say Mr. Obama's best shot might be on Jan. 3, when the Constitution requires the current congressional session to end.
Another option appears more theoretical than practical. The Constitution's Article II, which establishes the executive branch, says the president "may adjourn" the House and Senate "as he shall think proper." No president has ever taken that step, congressional experts said.
Mr. Obama has made 28 recess appointments but none over the past year even as several nominees to top positions stalled in the Senate.
The stalemate over the consumer bureau has prevented the Senate from approving nominees to two banking regulatory agencies: the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
The three nominees—Martin Gruenberg, Thomas Hoenig and Thomas Curry—would be charged with implementing last year's Dodd-Frank financial-overhaul law, which imposes a raft of restrictions on the financial industry and is opposed by some Republicans. The three are expected to take a tough line on the nation's largest banks.
Announced the Central Bank of Iraq that began implementing a project divided the national, which aims to provide ATM service to citizens through the installation devices in different regions.
The deputy governor of the Central Bank of the appearance of Mohammed Jawad, according to (Rn) that "the central bank agreed to implement divided the national project, which allows users in both government and private banks disposing of their money through credit card and dissemination of devices in the exchange markets, train stations, airports and public places."
Saleh added that "the government and private banks will be covered expenses the company implementing the project and the process of buying the equipment and its installation," pointing out that "the central bank will oversee the supervision anniversary of the project divided the national."
The Council of Ministers in March / March, new mechanisms to facilitate the opening of documentary credits of less than $4 million through the revitalization of the role of private banks, which aims to stimulate trade in the country.
The Iraqi government is still limited in its financial transactions on the government banks relied upon by 85%.
The total capital of Iraqi private banks billion and $ 600 million currently, except What branches owned by Arab and foreign banks operating in the country.