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...soft-spoken. Says John Sexton, the president of New York University, who previously chaired the committee that picked Geithner for the New York Fed job: "I've been in conversations with Tim on critically important and time-sensitive issues, crises, and I've been struck by his ability to stay calm...
...There are a number of things the government can do to help Citigroup stay afloat. Perhaps the lowest cost solution would be for the government to guarantee some or all of Citi's debts. That would entail no initial outlay of funds. And with many analysts saying that Citi's books are fundamentally sound, this could be the way to go. With a guarantee Citi would not be forced to sell its assets at a discount, if any of the bank's creditors or trading partners want their money back. That would save Citi from having to write down...
That's going to cost roughly $1 trillion a year for all energy investments. And if we want to increase the share of renewables - and control the growth of greenhouse gas emissions - we'll need to spend an additional $9.3 trillion, if we're aiming to stay below the 2 degree C warming max recommended by the Intergovernmental Panel on Climate Change. (Of course, an increasing number of scientists argue that we need to avoid even that level of warming.) "We would need concerted action from all major emitters," said Nabuo Tanaka, the head...
...people have to be reminded of the origins of the things over which they take issue with the GOP. Many blacks, he says, "look at the party as this bastion of racism, which it isn't. Democrats have to keep defining us as racists because that's how they stay in power. But just look at the inner-city school systems and the poverty levels that have been high for years. It's systemic, and you can't blame Republicans for that. I haven't heard Barack Obama talk about the recidivism rate among youth in the prison system...
Cheap Flights to NYC. The budget airline Southwest - which prides itself on being the last no-fee airline - will soon bring its cheap and cheerful service to New York City's La Guardia Airport. Combine the rock-bottom flight with a low-cost stay at The Jane hotel, and a trip to New York City may be in reach for even a recession-era budget. (See 10 things to do in New York...