Wednesday, April 14, 2010

Timothy Giethner (Treasury Secretary)


Why did he get the job?
1. He joined the Department of Treasury in 1988 and worked in three administrations for five Secretaries of the Treasury.
2. He served as the ninth president and chief executive officer of the Federal Reserve Bank of New York, where he began on November 17, 2003. In that capacity, he served as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy.
3. He has a master’s in International Economics and East Asian Studiesfrom John's Hopkins University. He has studied Japanese and Chinese and has lived in East Africa, India, Thailand, China, and Japan.

Headlines:
1. Secretary Geithner Meets with India’s Leading Financial
Entreprenuers: Secratery Giethner met with a group of India's leading financial entrepenuers along with representatives from American financial institutions to launch a partnership to guide economic cooperation. They discussed new policy and technology to expand banking access to the ever expanding Indian population. This included cell-phone banking which is becoming more popular in India.
2. Secretary Geithner's Meeting with Vice Premier Wang Qishan: The two sides exchanged views on U.S.-China economic relations, the global economic situation and issues relating to the upcoming economic track dialogue of the second U.S.-China Strategic and Economic Dialogue, to be held in Beijing in late May.

Hilda Solis (Secratery of Labor)


Why did she get the job?
1. She was a member of the California State Assembly from 1992-1994
2. She was the 1st Latino elected to the State Sentate in California and served from 1994-2000. As the chairwoman of the California Senate Industrial Relations Committee, she led the battle to increase the state's minimum wage from $4.25 to $5.75 an hour in 1996.
3. As a US representative from California she represented the 32nd district of California from 2001-2009. In June 2007, Solis was elected Vice Chair of the Helsinki Commission's General Committee on Democracy, Human Rights and Humanitarian Questions. She was the only U.S. elected official to serve on this Committee.

Headlines:
1. US Secretary of Labor Hilda L. Solis on the death of 25 miners at Upper Big Branch South Mine: The Department of Labor is investigating the deaths of these 25 miners. The Upper Big Branch South Mine has been shut down upon investigation of safety standards. The Upper Big Branch mine has had a pattern of violating the safety status of their mines.
2. US Labor Secretary Hilda L. Solis encouraging Senate passage of legislation extending unemployment and health care benefits for unemployed workers: She praised the Senate for moving this legistlation foward that will soon, hopefully allow for the passage of short term extensions of unemployment payment and healthcare benefits for unemployed American workers.