Rick Mishkin declares an end to his Washington sabbatical

Back in March I blogged about the interesting and “mildly disturbing” tendency of Federal Reserve governors to bail out long before their terms expire. Now Fed governor Frederic Mishkin has announced that he’ll be returning to his teaching job at Columbia after just under two years of making monetary policy. That’s not quite a record: [...]

The most important global economic story of the day

From Blaine Harden in today’s Washington Post: Jerome White Jr. wears a do-rag while crooning syrupy ballads — in perfect Japanese — about lost love. Part Public Enemy, part Sinatra, part schmaltz, it’s an act the Japanese public has never seen before, and it is making him a star. Jero, as he is marketed here, [...]