Peculiar way we count the two nonconsecutive administrations of Grover Cleveland in the 19th century. All 44 of those president s have been males. All but two of them have been white protestant males. , of the 44, have been elected to second terms, which is a room entry indicator of the character of our political system and its volatility. Scarcely more than one third of our chief executives beginning in the 18th century have been elected to a second term for one reason or another. Eight have died in office. Four have been assassination. Five have been elected without popular majorities. Three have been impeached and two of those in the lifetime of many people here today. Of all of those numbers, the one i want to of the size most, is the number one. By that, i mean the president is electedne of the 536 officials in washington, d. C. Strictly speaking, it is 537, and theers of congress, president and Vice President im treating as a single click on entity. So the president is one of 536
Of the character of our political system and its volatility. Scarcely more than one third of our chief executives, beginning in the 18th century, have been elected to a second term for one reason or another. Eight have died in office. Four have been assassination. Five have been elected without popular majorities. Three have been impeached, two of those in the lifetime of many people with us here today. Of all of those numbers, the one i want to of the size most, is the number one. By that i mean that the president is simply one of the 536 elected officials in washington, d. C. Strictly speaking, it is 537, 535 members of congress, and the im treating the president and Vice President for this purpose as a single entity. So the president is one of 536 elected officials. When i reflect on that asymmetry between the one president and 536 other federal elected officials, im reminded of a quip by the journalist theodore white, who wrote several books on president ial elections beginning in
Which is some kind of a rudimentary indicator of the character of our political system and its volatility. Scarcely more than one third of our chief executives, beginning in the 18th century, have been elected to a second term for one reason or another. Eight have died in office. Four have been assassinated. Five have been elected without popular majorities. Three have been impeached, two of those in the lifetime of many people with us here today. Of all of those numbers, the one i want to emphasize the most is simply the number one. By that i mean that the president is simply one of the 536 elected officials in washington, d. C. Strictly speaking, it is 537, 535 members of congress, and im treating the president and Vice President for this purpose as a single political entity. So the president is one of 536 elected officials. When i reflect on that asymmetry between the one president and 535 other federal elected officials, im reminded of a quip by the journalist theodore white, who w
Well take you there live as soon as we can. That much and more on making money. Charles so it was a major beat on the labor front on all parts of, right . Initial jobless claims declined 1. 2 million. Down 249,000 in one week. Well below consensus. Wall street was looking for 1. 4 million. Continuing claims declined to 16. 1 million. Down 844,000. Pandemic employment assistance swooned to 655,000. It was above 900,000 a week ago. Yesterdays adp number, tally of jobs created, 4. 3 million. Initially they thought it was 2. 4 million. All of this dovetails with better data on the economy and service economy. I know it sounds nuts. It against conventional wisdom of all talking heads but i think the v is getting stronger so am i nuts . Lets ask Keith Fitzgerald of the Keith Fitzgerald group, jack ablin and walser Wealth Management president , rebecca walser. Rebecca, am i nuts . All im looking at the data and it is getting stronger no stopping engine newt of the american machine and Economi
The key section many participants indicated there with the beginning of policy normalization in keeping the federal funds rate at an effective lower bound for a longer time. At the same time, some thought it was appropriate to start firming policy. The reasons they might push back would be the need to see further improvement in the labor market more evidence inflation is moving back to the 2 target and that wages are moving higher. They did have concerns about overseas, including china. They all agreed Lower Energy Prices were a plus. They discussed the communications challenge to indicate that liftoff was approaching. Some expressed concern that the Financial Markets might overreact, resulting in tight financial conditions. The minutes go on to say that participants discussed some possible communications about which they might further underscore the data dependency of the decision regarding when they will tighten monetary policy. They are struggling with some new language. They did no