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Mark Zandi
Mark M. Zandi (born 1959) is an Iranian-American economist who is the chief economist of Moody's Analytics, where he directs economic research. Zandi's research interests encompass macroeconomics, financial markets and public policy. He analyzes the economic impact of government spending policies and monetary policy response. A trusted advisor to policy makers, he has testified before Congress on the economic outlook, the nation's fiscal challenges, fiscal stimulus and financial regulatory reform. Zandi also publishes on mortgage finance reform and the determinants of foreclosure and personal bankruptcy. In 2005, he was one of the first economists to warn of an impending financial crisis that became the 2008 financial crisis. Early life and education Zandi was born in Atlanta, Georgia, and is of Iranian descent. The son of Professor Iraj Zandi, he grew up in Radnor, Pennsylvania. Zandi received his B.S. in economics from the Wharton School of the University of Pennsylvania and ...
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Atlanta
Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georgia, Fulton County and extends into neighboring DeKalb County, Georgia, DeKalb County. With a population of 520,070 (2024 estimate) living within the city limits, Atlanta is the eighth most populous city in the Southeastern United States, Southeast and List of United States cities by population, 36th most populous city in the United States according to the 2020 United States census, 2020 U.S. census. Atlanta is classified as a Globalization and World Cities Research Network#Beta +, Beta + global city and is the principal city of the much larger Atlanta metropolitan area, the core of which includes Cobb County, Georgia, Cobb, Clayton County, Georgia, Clayton and Gwinnett County, Georgia, Gwinnett counties, in addition to Fulton and DeKalb. ...
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Face The Nation
''Face the Nation'' is a weekly news and Sunday morning talk show, morning public affairs program airing Sundays on the CBS radio and Television broadcasting, television network. Created by Frank Stanton (executive), Frank Stanton in 1954, ''Face the Nation'' is one of the List of longest-running American television series, longest-running news programs in the history of television. Typically, the program features interviews with prominent American officials, politicians, and authors. Margaret Brennan has been the moderator of ''Face the Nation'' since 2018, though former host John Dickerson (journalist), John Dickerson substituted during Brennan's maternity leave in spring and summer 2021. Upon Brennan's return to the program in September 2021, its title was changed to ''Face the Nation with Margaret Brennan.'' The show's full hour is broadcast live from the CBS News Washington, D.C., bureau at 10:30 a.m. Eastern Time Zone, Eastern Time, though some stations delay or abbr ...
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1959 Births
Events January * January 1 – Cuba: Fulgencio Batista flees Havana when the forces of Fidel Castro advance. * January 2 – Soviet lunar probe Luna 1 is the first human-made object to attain escape velocity from Earth. It reaches the vicinity of Earth's Moon, where it was intended to crash-land, but instead becomes the first spacecraft to go into heliocentric orbit. * January 3 ** Alaska is admitted as the 49th U.S. state. ** The southernmost island of the Maldives archipelago, Addu Atoll, declares its independence from the Kingdom of the Maldives, initiating the United Suvadive Republic. * January 4 ** In Cuba, rebel troops led by Che Guevara and Camilo Cienfuegos enter the city of Havana. ** Léopoldville riots: At least 49 people are killed during clashes between the police and participants of a meeting of the ABAKO Party in Kinshasa, Léopoldville in the Belgian Congo. * January 6 – The International Maritime Organization is inaugurated. * January 7 – The United ...
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American Recovery And Reinvestment Act Of 2009
The American Recovery and Reinvestment Act of 2009 (ARRA) (), nicknamed the Recovery Act, was a Stimulus (economics), stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible. Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy. The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The ARRA's rationale was based on the Keynesian economic theory that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration. The politics a ...
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Barack Obama
Barack Hussein Obama II (born August 4, 1961) is an American politician who was the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African American president in American history. Obama previously served as a U.S. senator representing Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004. Born in Honolulu, Hawaii, Obama graduated from Columbia University in 1983 with a Bachelor of Arts degree in political science and later worked as a community organizer in Chicago. In 1988, Obama enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. He became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. In 1996, Obama was elected to represent the 13th district in the Illinois Senate, a position he held until 2004, when he successfully ran for the U.S. Senate. In the 2008 pre ...
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Jared Bernstein
Jared Bernstein (born December 26, 1955) is an American government official who was the chair of the United States Council of Economic Advisers. He is a senior fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joe Biden in the Obama administration. In 2008, Michael D. Shear described Bernstein as a progressive and "a strong advocate for workers". In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers. He was confirmed to be chair on June 13, 2023. He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023. Early life and education Bernstein grew up in a musical family wanting to be a musician, starting a band with friends. Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where his first double bass teacher was Orin O'Brien. Throughout the '80s, Bernstein was a mainst ...
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Christina Romer
Christina Duckworth Romer (née Duckworth; born December 25, 1958) is the Class of 1957 Garff B. Wilson Professor of Economics at the University of California, Berkeley and a former chair of the Council of Economic Advisers in the Presidency of Barack Obama, Obama administration. She resigned from her role on the Council of Economic Advisers on September 3, 2010. After her nomination and before the Obama administration took office, Romer worked with economist Jared Bernstein to co-author the administration's plan for recovery from the 2008 recession. In a January 2009 video presentation, she discussed details of the job creation program that the Obama administration submitted to Congress. Early life and education Romer was born in Alton, Illinois. She graduated from GlenOak High School in Canton, Ohio in June 1977. She obtained her bachelor's degree in economics from The College of William & Mary in 1981, and her Ph.D. from the Massachusetts Institute of Technology in 1985. Her do ...
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CDFI
A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the USA but also in the UK. A CDFI may be a community development bank, a community development credit union (CDCU), a community development loan fund (CDLF), a community development venture capital fund (CDVC), a microenterprise development loan fund, or a community development corporation. CDFIs are certified by the Community Development Financial Institutions Fund (CDFI Fund) at the U.S. Department of the Treasury, which provides funds to CDFIs through a variety of programs. The CDFI Fund and the legal concept of CDFIs were established by the ''Riegle Community Development and Regulatory Improvement Act of 1994.'' Broadly speaking, a CDFI is defined as a financial institution that: has a primary mission of community dev ...
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MGIC Investment Corporation
MGIC Investment Corporation ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin. In addition to mortgage insurance, MGIC provides lenders with various underwriting and other services and products related to home mortgage lending. Today, MGIC serves lenders in the United States, Puerto Rico and Guam with obtaining mortgage insurance. The company's key executives are Pat Sinks (Chief Executive Officer), Steve Mackey (EVP Chief Risk Officer), Paula Maggio (EVP General Counsel and Corporate Secretary), Tim Mattke (EVP and Chief Financial Officer), Jay Hughes (EVP Sales and Business Development), Sal Miosi (EVP Business Strategy and Operations). History In 1957, the company was founded in Milwaukee by Max H. Karl, a real estate attorney who noticed that his clients were having trouble paying for their new homes. Karl invented modern private mortgage insurance and secured US$250,000 from investors, includi ...
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Meet The Press
''Meet the Press'' is a weekly American television Sunday morning talk show broadcast on NBC. It is the List of longest-running television shows by category, longest-running program on American television, though its format has changed since the debut episode on November 6, 1947. ''Meet the Press'' specializes in interviews with leaders in Washington, D.C., across the country, and around the world on issues of politics, economics, foreign policy, and other public policy, public affairs, along with panel discussions that provide opinions and analysis. In January 2021, production moved to NBC's bureau on Capitol Hill in Washington, D.C. The longevity of ''Meet the Press'' is attributable in part to the fact that the program debuted during what was only the second official "network television season" for American television. It was the first live television News broadcasting, network news program on which a sitting president of the United States appeared, this occurred on its broa ...
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CNBC
CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Daytime television in the United States, daytime trading day, and early-evening hours, with the remaining hours (such as weekday prime time and weekends) are filled by business-related Television documentary, documentaries and reality television programming, as well as occasional NBC Sports presentations. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and podcast content, as well as subscription-based services. CNBC's headquarters and main studios are located in Englewood Cliffs, New Jersey, while it also maintains a studio at the Nasdaq MarketSite in Times Square, New York City. CNBC was originally founded in April 1989 as the Consumer News and Business Channel, a joint venture between NBC ...
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