Good morning.
Monday in Whitewater will be partly sunny with a high of forty-nine. Sunrise is 6:35 AM and sunset 7:21 PM, for 12h 45m 50s of daytime. The moon is a waning crescent with 13.6% of its visible disk illuminated.
Today is the eight hundred seventy-third day.
On this day in 1970, the Milwaukee Brewers are founded:
On this date the Milwaukee Brewers, Inc., an organization formed by Allan H. “Bud” Selig and Edmund Fitzgerald, acquired the Seattle Pilots franchise. The team was renamed the Milwaukee Brewers, a tribute to the city’s long association with brewing industry.
Recommended for reading in full:
Robert J. Samuelson explains Why Moore is less:
The real reason that Stephen Moore does not belong on the Federal Reserve Board is not that he is unqualified for the job, though he is. Nor is it that he has been a highly partisan and divisive figure for many years, though he has been. The real reason is that, if confirmed by the Senate, Moore could become the Fed chairman — and that is a scary possibility. It could spawn a global financial calamity.
Just a decade ago, the U.S. and world economies suffered the worst slumps since World War II. What saved us then were the skilled interventions of the Fed under Chairman Ben S. Bernanke and the Treasury Department under Secretaries Henry Paulson and Timothy F. Geithner. Do we really want Moore to serve as the last bulkhead against an economic breakdown?
As one of the 12 voting members of the Federal Open Market Committee (FOMC), Moore’s influence in ordinary times would be modest. But, in a crisis, everything changes. Decisions must be made quickly. Power gravitates to the Fed chair, who faces a double challenge: to bolster confidence and to devise a strategy to end the crisis. The idea of Moore playing this role is terrifying.
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For further proof, please read the stinging and well-reported columns from my Post colleague Catherine Rampell. They show that Moore twists his facts to fit the political occasion. A long and somewhat technical essay from economist George Selgin of the libertarian Cato Institute makes a similar point.
James Rowen writes Foxconn’s Water Rights Still at Issue:
The public-interest law firm Midwest Environmental Advocates (MEA), has filed with an administrative law judge a comprehensive and convincing brief that challenges the Wisconsin DNR’s approval last year of a substantial diversion of Lake Michigan water to serve the Foxconn project. The MEA challenged the approval on behalf of six clients — including the League of Women Voters of Wisconsin, Milwaukee Riverkeeper, Minnesota Center for Environmental Advocacy, and River Alliance of Wisconsin — who assert that DNR unreasonably interpreted a statute that requires that all water transferred out of the Great Lakes Basin must be used for public water supply purposes. The case is still pending.