Sarah Bloom Raskin
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Sarah Bloom Raskin
Sarah Bloom Raskin (born April 15, 1961) is an American attorney and regulator who served as the 13th United States Deputy Secretary of the Treasury from 2014 to 2017. A member of the Democratic Party, Bloom Raskin previously served as a member of the Federal Reserve Board of Governors from 2010 to 2014. She also was Maryland commissioner of financial regulation and a managing director at the Promontory Financial Group. She is a Rubenstein Fellow at Duke University. In May 2017, she was elected to the board of directors for Reserve Trust Company, a Fintech company based in Colorado. In January 2022, President Joe Biden nominated her to succeed Randal Quarles as vice chair for supervision of the Federal Reserve. On March 15, 2022, she withdrew her nomination due to opposition from Republican senators and Democratic senator Joe Manchin. Early life and education Sarah Bloom was born to a Jewish family in Medford, Massachusetts, the daughter of Arlene (née Perlis) and Herbert Blo ...
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United States Deputy Secretary Of The Treasury
The United States Deputy Secretary of the Treasury, in the United States government, advises and assists the Secretary of the Treasury in the supervision and direction of the Department of the Treasury and its activities, and succeeds the Secretary in the secretary's absence, sickness, or unavailability. The Deputy Secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the Department's activities. In addition, the Deputy Secretary is the only official other than the secretary who can sign a Treasury order, which is a document that delegates authority residing in the secretary or Deputy Secretary to another Treasury official, establishes Treasury policy, and establishes the reporting relationships and supervision of officials. Former deputy secretaries include Roger Altman, Lawrence Summers, Stuart E. Eizenstat, Kenneth W. Dam, and Samuel Bodman. The office of Deputy Secretary is the successor of the "Under Secretary ...
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Duke University
Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James Buchanan Duke established The Duke Endowment and the institution changed its name to honor his deceased father, Washington Duke. The campus spans over on three contiguous sub-campuses in Durham, and a marine lab in Beaufort. The West Campus—designed largely by architect Julian Abele, an African American architect who graduated first in his class at the University of Pennsylvania School of Design—incorporates Gothic architecture with the Duke Chapel at the campus' center and highest point of elevation, is adjacent to the Medical Center. East Campus, away, home to all first-years, contains Georgian-style architecture. The university administers two concurrent schools in Asia, Duke-NUS Medical School in Singapore (established in ...
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Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Phi Beta Kappa
The Phi Beta Kappa Society () is the oldest academic honor society in the United States, and the most prestigious, due in part to its long history and academic selectivity. Phi Beta Kappa aims to promote and advocate excellence in the liberal arts and sciences, and to induct the most outstanding students of arts and sciences at only select American colleges and universities. It was founded at the College of William and Mary on December 5, 1776, as the first collegiate Greek-letter fraternity and was among the earliest collegiate fraternal societies. Since its inception, 17 U.S. Presidents, 40 U.S. Supreme Court Justices, and 136 Nobel Laureates have been inducted members. Phi Beta Kappa () stands for ('), which means "Wisdom it. love of knowledgeis the guide it. helmsmanof life". Membership Phi Beta Kappa has chapters in only about 10% of American higher learning institutions, and only about 10% of these schools' Arts and Sciences graduates are invited to join the society. ...
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Magna Cum Laude
Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Southeastern Asian countries with European colonial history, such as Indonesia and the Philippines, although sometimes translations of these phrases are used instead of the Latin originals. The honors distinction should not be confused with the honors degrees offered in some countries, or with honorary degrees. The system usually has three levels of honor: ''cum laude'', ''magna cum laude'', and ''summa cum laude''. Generally, a college or university's regulations set out definite criteria a student must meet to obtain a given honor. For example, the student might be required to achieve a specific grade point average, submit an honors thesis for evaluation, be part of an honors program, or graduate early. Each school sets its own standards. ...
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Flossmoor, Illinois
Flossmoor () is a village in Cook County, Illinois, United States. The population was 9,704 at the 2020 census. Flossmoor is approximately 25 miles south of the Chicago Loop. Geography Flossmoor is located at (41.541684, -87.684970). According to the 2021 census gazetteer files, Flossmoor has a total area of , all land. Flossmoor has a station on the Metra Electric Main Line, which provides access to the Chicago Loop and the University of Chicago. History Although Flossmoor's founding and settlement can be traced to the 19th century, the city was first recognized as an affluent community in the 1920s when it became known as a cultural and recreational mecca of elite country clubs and stately golf courses. The 1920 PGA Championship and the Western Open golf tournaments of 1906 and 1912 were held in town. Flossmoor was incorporated as a village in 1924. In the years since, Flossmoor has gained recognition from area real estate and tourist concerns as the "status" suburb of sou ...
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Homewood-Flossmoor High School
Homewood-Flossmoor High School (H-F) is a comprehensive public high school in Flossmoor, Illinois. The district encompasses nearly 11.5 square miles drawing students from Homewood, Flossmoor, Chicago Heights, Glenwood, Hazel Crest, and Olympia Fields. A three-time U.S. Department of Education Blue Ribbon Award Winner (1983, 1996, 2002), Homewood-Flossmoor continues to be ranked nationally, including as one of ''America’s Best High Schools'' by '' U.S. News & World Report'' in 2020. As of the 2021-2022 school year, the makeup of the student body was 71.5% African American, 14.6% White, 8.4% Hispanic, 0.7% Asian, and 4.8% from two or more races. H-F has a 94% Graduation Rate. H-F has a robust Advanced Placement program (25 AP courses in 2017–18); a five-course Project Lead the Way STEM program; and a Media, Visual & Performing Arts Academy (MVP). In 2012–13, it became the first public high school in Chicago's suburbs to earn the International Baccalaureate World School s ...
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Haaretz
''Haaretz'' ( , originally ''Ḥadshot Haaretz'' – , ) is an Israeli newspaper. It was founded in 1918, making it the longest running newspaper currently in print in Israel, and is now published in both Hebrew and English in the Berliner format. The English edition is published and sold together with the ''International New York Times''. Both Hebrew and English editions can be read on the internet. In North America, it is published as a weekly newspaper, combining articles from the Friday edition with a roundup from the rest of the week. It is considered Israel's newspaper of record. It is known for its left-wing and liberal stances on domestic and foreign issues. As of 2022, ''Haaretz'' has the third-largest circulation in Israel. It is widely read by international observers, especially in its English edition, and discussed in the international press. According to the Center for Research Libraries, among Israel's daily newspapers, "''Haaretz'' is considered the most infl ...
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American Jews
American Jews or Jewish Americans are American citizens who are Jewish, whether by religion, ethnicity, culture, or nationality. Today the Jewish community in the United States consists primarily of Ashkenazi Jews, who descend from diaspora Jewish populations of Central and Eastern Europe and comprise about 90–95% of the American Jewish population. During the colonial era, prior to the mass immigration of Ashkenazi Jews, Sephardic Jews who arrived via Portugal represented the bulk of America's then-small Jewish population, and while their descendants are a Minority group, minority today, they, along with an array of other Jewish communities, represent the remainder of American Jews, including other more recent Sephardi Jews, Mizrahi Jews, Beta Israel, Beta Israel-Ethiopian Jews, Jewish ethnic divisions, various other ethnically Jewish communities, as well as a smaller number of Conversion to Judaism, converts to Judaism. The American Jewish community manifests a wide range ...
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Joe Manchin
Joseph Manchin III (born August 24, 1947) is an American politician and businessman serving as the senior United States senator from West Virginia, a seat he has held since 2010. A member of the Democratic Party, Manchin was the 34th governor of West Virginia from 2005 to 2010 and the 27th secretary of state of West Virginia from 2001 to 2005. After becoming a senator in 2010, he became the state's senior U.S. senator when Jay Rockefeller retired in 2015. Before entering politics, Manchin helped found and was the president of Enersystems, a coal brokerage company his family owns and operates. Manchin won the 2004 West Virginia gubernatorial election by a large margin and was reelected by an even larger margin in 2008. He won the 2010 special election to fill the Senate seat vacated by incumbent Democrat Robert Byrd's death with 53% of the vote, and in 2012 was elected to a full term with 61% of the vote. Manchin won a second term in 2018 with just under 50% of the vote. In both ...
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Vice Chair Of The Federal Reserve
The vice chair of the Board of Governors of the Federal Reserve System is the second-highest officer of the Federal Reserve, after the chair of the Federal Reserve. In the absence of the chair, the vice chair presides over the meetings Board of Governors of the Federal Reserve System. The vice chair and the vice chair for supervision each serve a four-year term after being nominated by the president of the United States and confirmed by the United States Senate, and they serve concurrently as members of the Board of Governors. Both vice chairs may serve multiple terms, pending a new nomination and confirmation at the end of each term, with Ronald Ransom as the longest serving vice chair from 1936 to 1947. They cannot be dismissed by the president before the end of their term. The position of vice chair is currently held by Lael Brainard who was sworn in on May 23, 2022. The position of vice chair for supervision is currently held by Michael Barr (Treasury official), Michael Barr ...
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