Nov 20, 2017

11/20/2017: You can’t spell antitrust without AT&T

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You might have seen it coming. President Donald Trump decided not to reappoint Janet Yellen to a second term chairing the Federal Reserve, and today Yellen announced she's leaving the Fed completely once her successor is confirmed. The way terms…

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Janet Yellen to depart the Fed, once Powell is confirmed

Nov 20, 2017
It may not be much of a surprise, but Yellen's departure does leave some questions about the future of the Fed.
Federal Reserve Board Chairwoman Janet Yellen testifies before the Joint Economic Committee on Capitol Hill
Win McNamee/Getty Images

Why the House tax plan has students worried

Nov 20, 2017
The revised House tax plan eliminates deductions for tuition and interest paid on student loans and other higher education credits to help pay for tax cuts.
Johannes Simon/Getty Images

Should VR headsets be "ugly and a little awkward"?

Virtual reality pioneer Jaron Lanier thinks so.
Visitors try out VR glasses at the booth of Samsung at the IFA Consumer Electronics Fair in Berlin on September 2, 2017.
MAURIZIO GAMBARINI/AFP/Getty Images

White House requests $44 billion in disaster aid from Congress. Now the negotiations begin

Nov 20, 2017
Texas, Florida, and especially Puerto Rico say they need tens of billions of more in funding to help recovery efforts. But how do economic cost estimates from a disaster get turned into legislation?
U.S. Army soldiers pass out food, provided by FEMA, to residents in a neighborhood without grid electricity or running water on October 17, 2017 in San Isidro, Puerto Rico.
Mario Tama/Getty Images

Immigrant lending clubs provide capital, at a cost

Nov 20, 2017
Functioning like unregulated banks, there is little cushion against failure.
A man walks along an empty street November 27, 2001 in the usually bustling Chinatown section of New York City. Chinatown is located in Lower Manhattan near Ground Zero and has been in a deep economic slump since the September 11th World Trade Center attacks.
Mario Tama/Getty Images

Germany won't have a government anytime soon

Nov 20, 2017
The German parliament still has not formed a coalition government.
German Chancellor Angela Merkel leaves the presidential residence Bellevue Castle in Berlin where she met the German President on November 20, 2017 after coalition talks failed overnight. 
JOHN MACDOUGALL/AFP/Getty Images

You might have seen it coming. President Donald Trump decided not to reappoint Janet Yellen to a second term chairing the Federal Reserve, and today Yellen announced she’s leaving the Fed completely once her successor is confirmed. The way terms of the board of governors are set up, she could have stayed for another seven years. We’ll talk about what’s next for her and the central bank. Then, we’ll bring you the latest on the $85 billion merger between AT&T and Time Warner, which the Justice Department is trying to block. Plus: Congress is about to go on Thanksgiving recess, but tax reform waits for no one.

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