Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve. In the paper, Harvey Rosenblum, the head of the Dallas Fed's research department, bluntly calls for the breakup of Too-Big-To-Fail banks like Bank of America, Chase, and Citigroup.
Not a guest Op-Ed, the NYT Editorial Board: He was an unapologetic racist whose administration rolled back the gains that African-Americans achieved just after the Civil War, purged black workers from influential jobs and transformed the government into an instrument of white supremacy....The overwhelming weight of the evidence argues for rescinding the honor that (Princeton University) bestowed decades ago on an unrepentant racist.
ISTANBUL — Turkish fighter jets....shot down a Russian warplane that Turkey said had violated its airspace, a long-feared escalation that could further strain relations between Russia and the West. The Turkish prime minister, Ahmet Davutoglu, ordered the Foreign Ministry to consult with NATO and the United Nations, his office said in a statement, without elaborating.