The White House says Austan Goolsbee, a longtime adviser to President Barack Obama, will resign his post as the chairman of the Council of Economic Advisers this summer to return to teaching at the University of Chicago Graduate School of Business. Goolsbee has been the face of the White House on economic news, and is a regular every first Friday of the month explaining the administration’s take on the latest jobless numbers
Massachusetts Governor Mitt Romney is taking flak this week for his use of the term “tar baby” while addressing a group of Iowa Republicans on July 29 in a reference to Boston’s troubled Big Dig highway project. Was he offensive in doing so
Writing in his will in 1895, Alfred Nobel designated who should determine the winners of the annual prizes which he intended to be established after his death. Since its inception in 1901, the winner of the Nobel Peace Prize has been chosen, in accordance with Nobel’s wishes, by a five-member committee of lawmakers elected by the Norwegian parliament, the Storting, and assisted by specially-appointed expert advisers
President Obama says that despite signs of economic recovery, the country will not see large-scale job growth until next year. In a wide-ranging interview broadcast Sunday on CNN’s “State of the Union,” Obama said reversing job losses from the recession will come at the end of the recovery period, not the start
President Obama and his family are hoping for a chance to unwind during their weeklong getaway to Martha’s Vineyard. The first family, along with Obama’s sister Maya Soetoro-Ng and the first dog Bo, arrived on the Massachusetts island Sunday. The Obamas are staying at a secluded 28-acre private estate.