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December 20 2013

07:12

Week In The News: Fed Tapers, NSA Pushback, Billie Jean King To Sochi

A Fed step back, NSA pushback, Billie Jean King will go to the Olympics. Our weekly news roundtable goes behind the headlines.

Federal Reserve Chairman Ben Bernanke listens to a question during a news conference at the Federal Reserve in Washington, Wednesday, Dec. 18, 2013. The Fed will begin to reduce bond purchases by $10 billion in January because of a stronger U.S. job market. (AP)

Federal Reserve Chairman Ben Bernanke listens to a question during a news conference at the Federal Reserve in Washington, Wednesday, Dec. 18, 2013. The Fed will begin to reduce bond purchases by $10 billion in January because of a stronger U.S. job market. (AP)

Guests

Diane Brady, senior editor at Bloomberg Businessweek. (@DianeBrady)

Bryan Monroe, Washington editor of opinion and commentary for CNN. (@BryanMonroeCNN)

Jack Beatty, On Point news analyst.

From Tom’s Reading List

The Guardian: NSA goes on 60 Minutes: the definitive facts behind CBS’s flawed report — “Even if NSA doesn’t mean to break the law, the way its data dragnets work in practice incline toward overcollection. During a damage-control conference call in August, an anonymous US intelligence official told reporters that the technical problem bothering Bates in 2011 persists today. The NSA even conceded to Walton in 2009 that ‘from a technical standpoint, there was no single person who had a complete understanding’ of the technical ‘architecture’ of NSA’s phone data collection.”

Bloomberg: Billie Jean King’s Message To Vladimir Putin — “These gestures are first of all important for the countries making them, which like to think they are being consistent about standing up for universal values (even if their own societies only rather recently saw the light on gay rights). They are also important in letting gay men and lesbians inside Russia know they have international support.”

USA Today: Stocks mixed after Fed’s mini-’taper’ – “The Fed said that starting in January, it will reduce its bond-buying program to $75 billion a month from $85 billion. The reductions, or tapering, will be the first step toward winding down a program that has been in place since the 2008 financial crisis.Asian markets were mixed Thursday, although Tokyo’s benchmark Nikkei 225 index soared 1.7% to 15,859.22.”

October 11 2013

05:35

Week In The News: Default, Defiance And The Nobel Prize

Shutdown pain. Default fever. Terror raids and Nobel Prizes. Our weekly news roundtable goes behind the headlines.

Guests

Major Garrett, White House correspondent for CBS News, correspondent-at-large with The National Journal. (@MajorCBS)

Diane Brady, senior editor at Bloomberg Businessweek. (@DianeBrady)

Jack Beatty, On Point news analyst.

From Tom’s Reading List

National Journal: That Was Then, This Is Now — “To the degree that Obamacare is still part of the GOP’s ad hoc and ever-shifting shutdown strategy, it is prospective—seeking to siphon funds needed to implement the law, repeal it altogether, or equalize exemptions or waivers granted by the Obama administration to employers, unions, and other pleaders. It is a fight against the semi-known and largely feared. And it lacks a full-blown GOP alternative.”

BloombergBusinessweek: Obama Loses Face and Possibly Ground in Asia — “The reality is that Obama could have stayed on top of the congressional standoff and put in a brief but potent appearance at APEC. After making it clear Friday that he wasn’t going to ‘negotiate with a gun held to the head of the American people,’ the president could have immediately boarded Air Force One for a 21-hour flight to Indonesia, stepped off for a few hours to meet key leaders and address the world, then head home to be in Washington by Monday. What better way to prove that the country’s long-term fortunes can’t be subjected to what he considers to be Republican roulette?”

Guardian US: Janet Yellen: tough in her views and tough in her independence – “For Yellen, economics is not a dry subject: it is about real lives, and she believes it is worth risking a little inflation if it results in jobs. She has also analysed single motherhood, denying it is a result of welfare payments and blaming it on a decline in shotgun weddings.”

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