Reason for Optimism

As 2013 comes to a close, it would be easy to look back and view many of the year’s events in a mostly negative light. Yet, rather than dwell on those events, there is reason to believe 2014 will be a positive one, both for the United States, and the rest of the world. A bipartisan budget agreement is in the works to avoid another crisis that has included reasonable concessions by both Democrats and Republicans. While the Winter Olympics will likely be a success, it may be overshadowed by leaders from around the world skipping the event; an act of protest toward the anti-gay propaganda law passed in 2013, and an unprecedented step to respect human dignity abroad.

Obviously there will be challenges, but they can be overcome. To that end, CNN has compiled five things to remember about Christmas and life in general. Merry Christmas.

 

Sunday Funday: War on Christmas – Racism Edition

Sunday Funday: War on Christmas – Racism Edition

Sunday Funday could be exclusively devoted clips from The Daily Show with Jon Stewart.  Ordinarily, I would be hesitant to post Daily Show clips on back to back weeks.  However, this weeks clip is too good to miss. Fox New’s Megyn Kelly give “white Chrismas” a strange new meaning, claiming both Jesus and Santa Clause are clearly both white.  

Here this how The Daily Show video is described on the Comedy Central website:

Gretchen Carlson issues a manger danger warning, and Megyn Kelly defends Santa Claus’s historically-based Caucasian bona fides. 

“Understanding The Volcker Rule”

In lieu of an economic blog entry this week, here is a link to a  podcast about financial issue from today’s SLACE Archive.  

This week regulators voted to institute “Volcker Rule” as part of Dodd–Frank Wall Street Reform and Consumer Protection Act.  The Volcker Rule is aimed at preventing banks from making speculative investments that may jeopardize their customers.  A recent episode of The Diane Remh Show discussed the Volcker Rule, its impact and its limitations.

Here is a description of the program:

The so-called “Volcker Rule” is aimed at reining in risky trading by banks. Details on the new rule and whether it’s tough enough to prevent another financial crisis.

Guests 

Michael Greenberger –  founder and director, University of Maryland Center for Health and Homeland Security

Tim Pawlenty -CEO, Financial Services Roundtable. He was governor of Minnesota from 2003 to 2011.

Jim Zarroli -business reporter, NPR.

Janet Hook – congressional correspondent, The Wall Street Journal.