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Congressional Master Class: The Senate Filibuster, Congress and the Federal Reserve


In this podcast, congressional expert Sarah Binder explains why the Senate filibuster is a historical mistake. She talks about her research on Congress’s relationship with the Federal Reserve and addresses whether Congress is more polarized today than it has been in the past. Binder, a senior fellow in Governance Studies, is also a professor of political science at George Washington University and contributor to the Monkey Cage blog.

 

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Show notes:

• The Federal Reserve: Balancing Multiple Mandates (testimony by Alice Rivlin)
Boom! What the Senate Will Be Like When the Nuclear Dust Settles
Beyond the Horse Race to Lead the Fed
Droning on: Thoughts on the Rand Paul “Talking Filibuster”
• Advice and Dissent: The Struggle to Shape the Federal Judiciary
The History of the Filibuster

* In the image, Senator Henry Clay speaks about the Compromise of 1850 in the Old Senate Chamber. Daniel Webster is seated to the left of Clay and John C. Calhoun to the left of the Speaker's chair. (engraving by Robert Whitechurch, ca. 1880, Library of Congress)

Authors

      
 
 




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Political Takeaways From the Federal Reserve Transcripts


The Federal Reserve last week released transcripts of Federal Open Market Committee (FOMC) meetings that took place in 2008 amidst a worsening global financial crisis. Sarah Binder describes what was found amongst the transcripts. Alongside financial and economic crises facing the Fed that year, the Fed faced a crisis as a political institution.  

      
 
 




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Eco Wine Review: Frei Brothers Reserve 2008 Alexander Valley Cabernet Sauvignon

This eco-wine is thick with berries and molasses on the nose but the follow through is not your usual California cab. And for every acre of planted vineyard, Frei Brothers sets aside one acre to be preserved as natural wildlife habitat.




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Eco Wine Review: Frei Brothers Reserve 2009 Russian River Valley Chardonnay

Frei's 2009 Chardonnay touches your nose with hints of rose water, jasmine and other floral delights. But on the palette, it is swimming with honey and sweet butter and just enough acidity to make it all work.




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The world's 11 certified Dark Sky Reserves, where the stars run riot

Idaho is working hard to create an official dark sky reserve, which would make it the first in the US and the 12th in the world.




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Rare Asian "Unicorn" Gets New Reserve in Vietnam

The saola is an extremely rare relative of the ox that is found only in the forests of the Annamite Range of Vietnam and Laos. Discovered in 1992, scientists know very little about the elusive beast, which is known among locals as a




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Natural treasures preserved in gorgeous hand-cast resin jewelry

Feathers, shells, leaves, flowers and even bark are encased in resin to create this lovely collection of handmade, resin-based jewelry.




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Why There's No New Coal When Reserves Run Out & How That Could Help Biofuels

New research rewrites our understanding of why no new coal deposits develop -- but offers hope for post-coal energy solutions.




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Will Private Reserves be the Future of Conservation in South America?

Three new private preserves have opened in Peru to buffer existing national parks. Is this the sign of a new trend?




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Callina’s slow fashion sweaters preserve culture and nature

Designer Michelle Sheppard creates sustainable garments with a connection to cultural traditions.




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Tigers, leopards and wild dogs found living in surprising harmony in Indian reserves

A new study finds 3 carnivores that usually avoid each other at all costs have found smart ways to peacefully co-exist. #goals




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Michigan Has Large Shale Gas Reserves, In The Great Lakes Watershed

The Michigan basin has extensive shale gas reserves, yet it is not a political issue for Democrats or Republicans. Why?




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The world's first 'test tube' puppies could help preserve endangered canid species

It could also help us eradicate heritable diseases in dogs.




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Vast water reserve discovered in drought-stricken Kenya

The newfound aquifer contains enough water to quench Kenya for decades to come.




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Buenos Aires to close 140-year-old zoo, move 2,500 animals to nature reserves

'This situation of captivity is degrading for the animals,' says the Argentine capital's mayor.




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Wakati solar-powered food preserver keeps produce fresh longer in developing areas

The large solar-powered box will help farmers get more food to the market for selling.




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You can now virtually walk among the elephants of Samburu National Reserve

Google and Save the Elephants teamed up to bring Street View to the Kenyan wildlife reserve to show its residents and spread the need for conservation.




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Let's turn barren farmland into nature reserves

A new study finds that degraded agricultural lands could be low-hanging fruit for expanding the world’s conservation areas.




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Once catastrophic, elephant poaching at Niassa Reserve drops to zero

Before 2015, the Mozambique reserve lost many thousands of elephants due to rampant poaching – now they’ve just had a full year without any illegal deaths.




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Federal Reserve seeks banks' advice as it gets into direct lending with coronavirus relief

The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter.




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New York City's subway system may turn to the Federal Reserve for a loan, meets bond investors Friday

Squeezed by a lack of ridership, the authority that runs New York City's subways and buses may go to the Federal Reserve for a loan




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1198: Move Slow and Preserve Things

http://www.giantitp.com/comics/oots1198.html




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Vanessa Feltz: ‘Preserve your mystique at all costs’

The broadcaster, 58, on God, privacy, Mini convertibles, the rudeness of Madonna and her school nickname, Vanessa the Undresser

Even aged two, I was a child of great perspicacity. At nursery we had to answer the register by saying “Yes, Auntie” or “Present, please”, which I found deeply confusing. First, I thought, you’re not my auntie. And if I’m asking politely for a present every day, where on earth is it?

Vanessa the Undresser was my nickname at school, and I put that down to my parents. When a sex scene started on TV I was banished to the hall. I’d stand with one ear against the door desperately trying to work out who was doing what to whom and in what position. Thus was aroused in me an unshakable thirst for sex in all its permutations. I’ve never tired of it, menopause or not.

Continue reading...




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Research Headlines - Helping developing countries preserve their fish hauls

Without access to modern technology like refrigeration, people in developing countries often have to throw away a significant proportion of the fish they catch. EU-funded researchers have delivered innovative, low-cost solutions to help such communities around the world make their fish stocks go further.




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Query from reserve members (SKB)

Can reserve members pls tell me how equitymaster has compensated them for Quant Alert?..




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Issue with Subscription (EM Reserve) (krishnaati)

Hi, I have subscribed to EM Reserve and have paid for annual maintenance fee in Mar 2017. Now, my subscription is suspended and am asked to pay annual maintenance fee for Wealth Alliance. My understanding is that Reserve includes WA services as well. Is t..




reserve

Issue with Subscription (EM Reserve) (krishnaati)

Hi, I have subscribed to EM Reserve and have paid for annual maintenance fee in Mar 2017. Now, my subscription is suspended and am asked to pay annual maintenance fee for Wealth Alliance. My understanding is that Reserve includes WA services as well. Is t..




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Mediterranean Diet Helps Preserve Cognitive Function

Mediterranean-rich diet was found to correlate with higher cognitive function, said researchers at the National Eye Institute (NEI), part of the National




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New Way to Preserve Donated Kidneys

Researchers from Case Western Reserve University School of Medicine, University Hospitals Cleveland Medical Center (UH), Cleveland Clinic and Lifebanc




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Ultrasound-assisted Molecule Delivery Looks to Preserve Blood for Years: Study

A novel way to use ultrasound to create pores in blood cells, which allows the molecule trehalose to enter the cells and prevent their degradation when




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Burundi Gold Reserves

Gold Reserves in Burundi remained unchanged at 0.03 Tonnes in the second quarter of 2019 from 0.03 Tonnes in the first quarter of 2019. Gold Reserves in Burundi averaged 0.07 Tonnes from 2000 until 2019, reaching an all time high of 0.54 Tonnes in the second quarter of 2000 and a record low of 0.03 Tonnes in the third quarter of 2001. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Burundi Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burundi Foreign Exchange Reserves

Foreign Exchange Reserves in Burundi increased to 213443.90 BIF Million in December from 100921.20 BIF Million in November of 2019. Foreign Exchange Reserves in Burundi averaged 303116.15 BIF Million from 2011 until 2019, reaching an all time high of 542621 BIF Million in February of 2013 and a record low of 75870.10 BIF Million in December of 2015. In Burundi, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides the latest reported value for - Burundi Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Gold Reserves

Gold Reserves in Ukraine remained unchanged at 24.57 Tonnes in the fourth quarter of 2019 from 24.57 Tonnes in the third quarter of 2019. Gold Reserves in Ukraine averaged 25.03 Tonnes from 2000 until 2019, reaching an all time high of 42.61 Tonnes in the first quarter of 2014 and a record low of 13.40 Tonnes in the first quarter of 2000. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Ukraine Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Survey of Large Pension Funds and Public Pension Reserve Funds

The survey monitors and compares the investment behaviour, asset levels, and performances of the largest institutional investors in each region or country covered and analyses in greater depth the general trends observed at a national level.




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Malawi Gold Reserves

Gold Reserves in Malawi remained unchanged at 0.40 Tonnes in the second quarter of 2019 from 0.40 Tonnes in the first quarter of 2019. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Malawi Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Algeria Foreign Exchange Reserves

Foreign Exchange Reserves in Algeria decreased to 62000 USD Million in the third quarter of 2019 from 72600 USD Million in the first quarter of 2019. Foreign Exchange Reserves in Algeria averaged 134125 USD Million from 2013 until 2019, reaching an all time high of 194961 USD Million in the first quarter of 2014 and a record low of 62000 USD Million in the third quarter of 2019. This page provides - Algeria Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Maldives Foreign Exchange Reserves

Foreign Exchange Reserves in Maldives increased to 11580.70 MVR Million in December from 9300.10 MVR Million in November of 2019. Foreign Exchange Reserves in Maldives averaged 7652.29 MVR Million from 2010 until 2019, reaching an all time high of 14445.10 MVR Million in February of 2019 and a record low of 3402.28 MVR Million in October of 2010. This page provides - Maldives Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Argentina Foreign Exchange Reserves

Foreign Exchange Reserves in Argentina increased to 39189 USD Million in February from 38872 USD Million in January of 2020. Foreign Exchange Reserves in Argentina averaged 12982.04 USD Million from 1957 until 2020, reaching an all time high of 65345 USD Million in April of 2019 and a record low of 13 USD Million in February of 1972. In Argentina, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Argentina Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Botswana Foreign Exchange Reserves

Foreign Exchange Reserves in Botswana decreased to 6514 USD Million in November from 6723 USD Million in October of 2019. Foreign Exchange Reserves in Botswana averaged 7275.95 USD Million from 1998 until 2019, reaching an all time high of 10346 USD Million in April of 2008 and a record low of 5152 USD Million in October of 2003. This page provides - Botswana Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Cameroon Gold Reserves

Gold Reserves in Cameroon remained unchanged at 0 Tonnes in the first quarter of 2019 from 0 Tonnes in the fourth quarter of 2018. Gold Reserves in Cameroon averaged 0.43 Tonnes from 2000 until 2019, reaching an all time high of 0.93 Tonnes in the second quarter of 2000 and a record low of 0 Tonnes in the first quarter of 2009. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Cameroon Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Tunisia Gold Reserves

Gold Reserves in Tunisia remained unchanged at 6.78 Tonnes in the fourth quarter of 2019 from 6.78 Tonnes in the third quarter of 2019. Gold Reserves in Tunisia averaged 6.77 Tonnes from 2000 until 2019, reaching an all time high of 6.84 Tonnes in the fourth quarter of 2000 and a record low of 6.74 Tonnes in the fourth quarter of 2011. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Tunisia Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Mongolia Foreign Exchange Reserves

Foreign Exchange Reserves in Mongolia decreased to 4015.50 USD Million in November from 4033.80 USD Million in October of 2019. Foreign Exchange Reserves in Mongolia averaged 1853.30 USD Million from 2006 until 2019, reaching an all time high of 4125.80 USD Million in December of 2012 and a record low of 326 USD Million in January of 2006. This page provides - Mongolia Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Georgia Foreign Exchange Reserves

Foreign Exchange Reserves in Georgia increased to 2706672 GEL Thousands in December from 2695791 GEL Thousands in November of 2019. Foreign Exchange Reserves in Georgia averaged 1347821.57 GEL Thousands from 2006 until 2019, reaching an all time high of 3219449 GEL Thousands in October of 2017 and a record low of 297495 GEL Thousands in July of 2006. This page provides - Georgia Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Laos Gold Reserves

Gold Reserves in Laos remained unchanged at 0.90 Tonnes in the second quarter of 2019 from 0.90 Tonnes in the first quarter of 2019. Gold Reserves in Laos averaged 4.79 Tonnes from 2000 until 2019, reaching an all time high of 8.90 Tonnes in the fourth quarter of 2008 and a record low of 0.30 Tonnes in the first quarter of 2015. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Laos Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Laos Foreign Exchange Reserves

Foreign Exchange Reserves in Laos increased to 997.25 USD Million in the fourth quarter of 2019 from 814.67 USD Million in the third quarter of 2019. Foreign Exchange Reserves in Laos averaged 661.13 USD Million from 2004 until 2019, reaching an all time high of 1179.78 USD Million in the second quarter of 2015 and a record low of 211.50 USD Million in the first quarter of 2004. This page provides - Laos Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Bhutan Foreign Exchange Reserves

Foreign Exchange Reserves in Bhutan increased to 1136.80 USD Million in October from 1125.20 USD Million in September of 2019. Foreign Exchange Reserves in Bhutan averaged 892.65 USD Million from 2006 until 2019, reaching an all time high of 1902.60 USD Million in July of 2016 and a record low of 458.30 USD Million in April of 2006. This page provides - Bhutan Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Switzerland Gold Reserves

Gold Reserves in Switzerland remained unchanged at 1040 Tonnes in the fourth quarter of 2019 from 1040 Tonnes in the third quarter of 2019. Gold Reserves in Switzerland averaged 1316.22 Tonnes from 2000 until 2019, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the second quarter of 2014. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Switzerland Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Sweden Gold Reserves

Gold Reserves in Sweden remained unchanged at 125.72 Tonnes in the fourth quarter of 2019 from 125.72 Tonnes in the third quarter of 2019. Gold Reserves in Sweden averaged 146.96 Tonnes from 2000 until 2019, reaching an all time high of 185.42 Tonnes in the first quarter of 2000 and a record low of 125.70 Tonnes in the first quarter of 2018. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Sweden Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Spain Gold Reserves

Gold Reserves in Spain remained unchanged at 281.58 Tonnes in the fourth quarter of 2019 from 281.58 Tonnes in the third quarter of 2019. Gold Reserves in Spain averaged 362.16 Tonnes from 2000 until 2019, reaching an all time high of 523.47 Tonnes in the second quarter of 2000 and a record low of 281.58 Tonnes in the first quarter of 2014. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Spain Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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South Korea Gold Reserves

Gold Reserves in South Korea increased to 104.45 Tonnes in the fourth quarter of 2019 from 104.40 Tonnes in the third quarter of 2019. Gold Reserves in South Korea averaged 49.08 Tonnes from 2000 until 2019, reaching an all time high of 104.45 Tonnes in the fourth quarter of 2019 and a record low of 13 Tonnes in the fourth quarter of 2006. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - South Korea Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.