Economy & Business

It's All Politics
1:32 pm
Mon September 16, 2013

Summers' End: A Metaphor For Obama's Economic Agenda

Former Treasury Secretary Larry Summers speaks during a session at the World Economic Forum in Davos, Switzerland, in 2011.
Michel Euler AP

Originally published on Mon September 16, 2013 3:35 pm

By taking his name out of consideration for the Federal Reserve chairmanship this weekend, Lawrence Summers became a metaphor for the difficulties President Obama has had in pursuing his economic agenda.

And the end of Summers, at least as Ben Bernanke's potential successor, signaled that the president's inability to get traction on his economic agenda is likely to get worse, not better. Now even lawmakers in his own party are willing to break with him on high-profile economic decisions.

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The Two-Way
12:40 pm
Mon September 16, 2013

With Summers Out, Will Obama Turn To Yellen For Fed Post?

Federal Reserve Board Vice Chairman Janet Yellen is considered a top candidate to replace Ben Bernanke now that Lawrence Summers has withdrawn his name for contention for the Fed's top job.
Robert Galbraith Reuters/Landov

Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January.

His exit improved the odds for his chief rival for the position — Fed Vice Chairman Janet Yellen — as well as those of Donald Kohn, the former vice chairman of the Fed board.

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Business
6:08 am
Mon September 16, 2013

United To Honor Free Tickets Generated During Glitch

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Environment
3:12 am
Mon September 16, 2013

Debate Revs As Decision Stalls Over Oil Pipeline From Canada

A 60-foot section of pipe is lowered into a trench during construction of the Gulf Coast Pipeline in Prague, Okla., in March. The Gulf Coast Pipeline, a 485-mile crude oil line, is part of the Keystone XL project and will run from Cushing, Okla. to Nederland, Texas. Although this southern stretch of the pipeline is nearly finished, the northern stretch is still under study.
Bloomberg via Getty Images

Originally published on Mon September 16, 2013 11:56 am

Five years ago this week, a Canadian company proposed building a pipeline to send heavy crude oil from Alberta to U.S. refineries. Although the Obama administration's answer on the Keystone XL pipeline is not expected anytime soon, politicians in Washington and Canada are ramping up the pressure for the project, while environmentalists are pushing hard against it.

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Politics
3:12 am
Mon September 16, 2013

Summers Pulls His Name From Consideration For Fed Chief

Originally published on Mon September 16, 2013 6:09 am

Former Treasury Secretary Larry Summers has withdrawn from consideration as the next chairman of the Federal Reserve. He cited a potentially divisive nomination hearing. Summers was widely thought to be President Obama's top choice to replace Ben Bernanke next year.

Business
3:12 am
Mon September 16, 2013

Chili's To Install Table-Top Computers Screens

Originally published on Mon September 16, 2013 6:09 am

Chili's Grill & Bar is leading the way in digital dining. The restaurant chain is installing table-top computer screens to allow customers to place orders and swipe their credit card, according to The Wall Street Journal.

All Tech Considered
2:35 am
Mon September 16, 2013

Dear Apple: Good Luck Against The Smartphone Black Market

Apple's fingerprint technology is an effort to combat smartphone theft.
Ng Han Guan AP

Originally published on Mon September 16, 2013 1:09 pm

Last week, Apple introduced two new iPhones with new features, including fingerprint recognition on one model, and extra password protections. But the new technology is up against a sophisticated black market that has had years to grow and adapt to meet the world's desire for smartphones.

To call smartphone-related crime an epidemic is not an exaggeration. By one estimate, more than 4,000 phones are stolen every day in the United States.

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The Two-Way
7:25 pm
Sun September 15, 2013

White House Takes Stock Of Financial Crisis Five Years Later

Originally published on Mon September 16, 2013 1:20 pm

Five years ago this week, Lehman Brothers collapsed, and America's financial crisis began. On Monday morning, President Obama will mark the anniversary with a speech in the White House Rose Garden. The White House released a new report ahead of the address, assessing how the government's efforts to stabilize the economy turned out.

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The Two-Way
4:30 pm
Sun September 15, 2013

Summers Pulls Out Of Running To Be Federal Reserve Chief

Citing what he calls an "acrimonious" confirmation process, Lawrence Summers called President Obama to tell him of his decision not to seek the job of Federal Reserve Chairman Sunday.
AFP AFP/Getty Images

Originally published on Mon September 16, 2013 10:01 am

Larry Summers has removed his name from the running to be the next chairman of the Federal Reserve. The former Treasury secretary informed President Obama of his decision in a phone call Sunday. The withdrawal was first reported by The Wall Street Journal.

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Code Switch
3:26 pm
Sun September 15, 2013

Who's Really Left Out Of The CrossFit Circle

CrossFitters exercise at a gym in Travis, N.Y. A blog posted to CrossFit's Facebook page has opened up a discussion about diversity in the CrossFit community.
Anthony DePrimo Staten Island Advance /Landov

Last week, the headquarters for CrossFit, the popular — and polarizing — workout genre, shared an item on its Facebook page from a blog called Stuff Black People Don't Like.

And according to an entry from February on the Stuff Black People Don't Like blog, CrossFit is anti-black:

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