Our @Fintech5Podcast w/ @GCGodfrey who is keynoting today at #Money2020Europe #money2020EU
I had forgotten about this. So thoroughly weird.
Sweden, UK Denmark have high poverty rates but low persistent poverty - #NotSoBad @ONS
Justices in Tigo Shares Case Refuse to Opt Out: #Tanzania
Financial Support Lures Women to Disclose HIV Status: #Uganda
Questions and answers about the #US Supreme Courts decision on #Trumps #travelban
The children of Camorra gangsters
Bungee instructors terrible English blamed for girl leaping to death
What happens now after the U.S. Supreme Courts travel ban ruling?
Nobel Prize–winning economists come out against Senate GOP healthcare bill
It is high time to localise the energy transition
US judge blocks deportation of hundreds of Iraqis held in immigration sweeps
27 June 1905: Russian battleship Potemkin in the hands of mutinous crew.
How Israel gains from Egypt-Saudi Red Sea islands deal
NAFTA’s Market Growth Increases to 21 Month High in June. #SMI
Bitcoin, Ether lead digital currency slide from highs via @CamiRusso
Sleeping woman swallowed by sinkhole in central #China - her bedroom collapsed in heavy rain
Will some things change with newer generations? Today’s cartoon by @elchicotriste0:
Nigeria, Mexico Trade Volume Hits U.S.$600 Million #Nigeria
South Africa Takes Steps to Halt Spread of Bird Flu #SouthAfrica
Athens slams Tirana square makeover as ‘concealing irredentism’
Namuganza and Nantaba - Who Should Museveni Beat With His Stick?: #Uganda
Ugandan Singer Bobi Wine Arrested in Kasangati #Uganda
German 10y yields jump to 0.28% on hawkish Draghi speech.
Trump son-in-law Kushner hires prominent trial lawyer: NYT
Boxer crabs go to crazy lengths to keep a pair of pom-poms
The 25 most beloved CEOs in America
New CBO report could doom GOP healthcare bill:
U.S. threatens Syria, says Assad is planning chemical weapons attack
What price attention? How data harvesters are changing our minds
European law permits them to be thrown out now.
Train #travel tips for all coming to #France this #summer from @TheLocalFrance
There are now 2.1 million apps in the iPhone App Store — up from 500 in 2008.
Minerals produced by Base Titanium are used as inputs to a variety of diverse industries and products.
Does One Belt, One Road make commercial sense?
Majorities around the world think of Trump as arrogant, intolerant and dangerous
Refugee Summit Leaves Uganda Still in Need Over U.S.$ 1 Billion: #EastAfrica
*DRAGHI: DEFLATION RISK NOW PRICED OUT OF INFLA EXPECTATIONS
To Elisa from Italy Thanks for the excellent tiramisu! #gratitudeproject cc @OxfordAOPP
South western France placed on alert for violent storms
US judge blocks deportation of hundreds of Iraqis held in immigration sweeps
Top US senator threatens to block arms sales to GCC countries over Qatar row
Kurodas still buying Japanese bonds
Denmark is killing Tesla (and other electric cars)
Stormy conditions with flash flooding and hail will threaten #Germany into Wednesday:
10 SP 500 health-care companies with the highest percentages of “buy” ratings:
Witnesses Report Sinking Ship After Explosion: #Somalia
Global business confidence remains very strong in June. #SMI
#Norways $960bn sovereign wealth fund urges banks to disclose #carbonfootprint of loans
A video of the explosion in Kiev that killed a military man as he was driving a Mercedes
H/T @GuyJohnsonTV
Draghi: a tapering is not a tightening. Say what you want, the President rocks at communication.
Israel bombs Gaza after rocket fire
Top CNN employees resign after network retracts Trump-Russia story
#Norway heads the table for the availability of charging positions for plug-in EVs #OOTT
Museveni Cancels Multi-Billion Chinese Mining Deal Over Bribe: #Uganda
Swede Held by Al-Qaida Freed After 6 Years: #Mali
Oh hello @ConversationCA
Bloomberg View: Europes banking union fails its latest test via @BV
Advisers concerned over poor communications with FCA
Social media giants step up fight against extremist content
Albanias Socialists take full control of parliament for first time since communisms end
Russias Rosneft targets bigger gas output, lower costs
The Italian bank CEO winning big from collapse of Veneto lenders
Equity and bond investors are split on the prospects for Baidu
Swede Held by Al-Qaida Freed After 6 Years: #Mali
Nice visualization of Chinas recent deleveraging efforts, via Deutsche Bank:
RUSI Director @kvonhippel welcoming delegates and CGS to the #RUSILWC
Europe was never keen on Bush, loved Obama, hates Trump
With Alphabet, Google faces a daunting challenge: organizing itself
China’s latest logistics IPO is hard to unpack
California to list glyphosate as cancer-causing; Monsanto vows fight
Did Corbyn have the right approach to Brexit after all?
Chinese Premier Li says China will meet it growth goals and pledges free trade support
School secession is segregation
Lightning bolts illuminate the sky above Annaberg-Buchholz in Saxony, Germany on June 22nd (DPA/Andre März)
Japan Pension Fund Manager Shows the Struggle for Abenomics: via @business @tomredjp
Armyworm Still Wreaks Havoc On Maize: #Ethiopia
Inside #Monopolys secret war against the Third Reich: @eurogamer #longreads
Economy Min Papadimitriou invites foreign entrepreneurs to #invest in food sector #Greece
#Colombias #FARC disarmament confirmed by United Nations
White House: Assad is potentially preparing another chemical attack in Syria
Pakistan’s illegal kidney trade is propped up by poor and wealthy
Trump urges @narendramodi to relax Indian trade barriers in maiden meeting
Time to stock up those Norwegian salmons.
Eleven of them now
Heineken offers to sell pubs to ease competition worries on Punch Taverns takeover
Mexico: Market Growth Index increases to the highest level in 17 months in June. #SMI
Throw a few more cajas on the pile
Museveni to Face Off With Besigye in Kyadondo: #Uganda
#Russia Corporate Profits at RUB3.2T
Arnold Lobels “Frog and Toad” endures as an amphibious celebration of same-sex love:
U.S. threatens Syria, says Assad is planning chemical weapons attack
And you thought the SP 500 Index was expensive! #smallcaps via @Callum_Thomas
Beyond Demographics: A New Way of Looking at Cities
Fires being brought under control in #Huelva #Andalucia #Environment
haha, amazing that ZeroHedge I love Dick take place in Marfa, Texas @alexandrascaggs
Climate change will make your coffee cost more and taste worse
Players Remember Marc Vivien Foe As They Leave Russia: #Cameroon
#Italy Business Confidence at 107.3
#Italy Consumer Confidence at 106.4
How humans can stay ahead of machines, according to Alibaba founder Jack Ma via @CNBC
Dems hold sit in on Capitol steps to protest GOP ObamaCare repeal bill
#Bulgaria Tourist Arrivals year-on-year at 7.2%
Will Tanzania Keep Street Named After Wanyama ? #Kenya #Tanzania
Security software player Trend Micro launches $100m venture fund
#Germany tells Erdogans bodyguards to stay away from #Hamburg #G20
Tag your best friend tell them what you value most about your friendship!
A timeline of Colombia’s peace process.
Children in Stalingrad hiding from bombing by German planes. 1942. Photographer L.I. Konov.
Highway in the sky! Chongqing residents drive on road built on rooftop
#Myanmar troops on high alert after spate of attacks blamed on #Rohingya insurgents
Investors await Bank of England report and Yellen appearance in London
Canadian soldier becomes first female infantry officer to captain UK queens guard
Brazil Food Price Index for June: 151.5, previous: 154.9 (change: -2.2%) #WPI
DOF Subsea wins pair of new contracts
Former PM Valls quits Socialists to join Macrons army of MPs in parliament
Greek owners stump up extra cash for state budget
Golden Energy awarded PSV contract by Total
#Libya #Libyaoil Petroleum Economist map of Libyas current oil/military dispositions tangle.
IN PICTURES: Modi meets Trump - Click
MUST WATCH: Uber vehicle set on fire as antibodies take to the streets -
Fox News reporter to Sean Spicer: The American people expect transparency
Ugandan Muslim Leader Tells Govt to Spend Less On Weapons #Kenya #Tanzania #Uganda
#ECB to stay loose for a very long time: HSBCs Major via @markets
Former Prime Minister Summoned By Police Over Uknown Reasons: #Tanzania
#Ethiopia: East Africas new economic power
Kenya reconciliation faces major election test: (@irinnews)
Troops in Myanmars Rakhine on high alert after killings of Rohingya
PES president: Unlike EPP, socialists do not impose decisions on member parties
Two arrested in Swiss anti-terror operation
Police arrest drug mule colleague
Sanders ignores Fox News question about FBI probe of his wife
Boy travels 230km from Morocco to Spain clinging under bus
guys weve been found out
Chinese blockchain salaries @ReutersGraphics
U.S. to list China among worst human trafficking offenders -sources
Worlds biggest wealth fund is refusing to be silenced: @ScouseView via @gadfly
One in five flights to popular holiday destinations are delayed by more than 30 minutes
Zimbabwe Warriors Massacre Mozambiques Os Mambas #Mozambique #Zimbabwe
U.S. judge halts deportation of Iraqis nationwide
Trolls Penis to be re-erected in Norway
Fresh landslide at site of disaster in #China
Good News as Worlds Whale Population Increases: #SouthAfrica
#JohnnyDepp may face perjury charge in #Australia over war on terrier
China customs mulls increasing checks on #thermalcoal imports, impeding flow, traders say
Burning bones helped prove that women were poisoned by glowing paint
At platform 9-3/4, Harry Potter fans mark 20 years of magic
The trash heap phenomenon
Nestles first activist investor may trigger more divestments
PM steps in in row between ministry and trash collectors
#Sweden Balance of #Trade at SEK 2.8B
Celebrate Labours electoral success - but dont forget the working class, writes @lisanandy
FBI questions Trump campaign adviser multiple times in Russia investigation: report
60-year-old Arkansas prison escapee recaptured after more than three decades on the run.
#Sweden PPI year-on-year at 7.2%
Founder of fintech platform being used in 95 countries shares his expansion strategy
The passive investing revolution is leaving opportunities in its wake @MylesUdland
#Sweden PPI month-on-month at 0.0%
Global yield curve flattening continues. German 2s/10s yield spread drops below 86bps.
Amendment for hirings in municipal sanitation services tabled in parliament #Greece
FM @NikosKotzias to participate in conference on #Cyprus issue in #Switzerland #Greece
RT if you owned this ball...
Debenhams warns of market volatility as sales fall
Germany brands Arab states’ Qatar demands ‘very provocative’
Tell @Apple, @SamsungMobile, @LGUSAMobile to give us repairable and long lasting products!
Want a laptop thats easy to repair? Look beyond Apple and Microsoft
Boniface Mwangi, Betty Kyallo, Victor Wanyama Scoop Social Media Awards: #Kenya
The 9,000-year-old history of booze, in photos
Ini adalah lokasi jebolnya tanggul lubang galian tambang batubara di Kalimantan Selatan beberapa hari lalu.
Most Australian residents born overseas are now from Asia, rather than Europe
Janchart takes its second handy bulker this year
Alec Baldwin will return to SNL as Trump
Merkel softens her opposition to gay marriage
Frenchwoman on trial for helping migrant lover smuggle into Britain
Save the Whale Campaigns Working, South African Summit Hears #SouthAfrica
Albanias Socialists take full control of parliament for first time since communisms end
Follow the Margaret Thatcher Conference on Security with CapX
The @WhiteHouse claims Bashar al-Assad planning Syrian chemical weapons
Police fired tear gas at LGBTQ supporters to enforce a ban on Pride parades in Istanbul
Another U.S. tech company shuns #Brexit fears with London office via @NateLanxon
Commission laments member states’ lack of ambition on energy saving laws
Why Nigerias Akinwunmi Adesina Won 2017 World Food Prize: #Nigeria
A little to the left. @roweafrs latest cartoon. For more: #auspol
Where the arts really make a difference might surprise you
Donald Trump, please kill Americans not more Syrians, signed- MAGA dipshits
Israel bombs Gaza after rocket fire
June 27, 1941 – Romania launched a pogrom in the city of Iaşi, resulting in the murder of at least 13,266 Jews.
No, the Fed didnt make a mistake by hiking interest rates via @BV
Huckabee hits Senate GOP healthcare bill: This isnt what Trump campaigned on
The ATM turns 50 - It all began with a newfangled bank machine in Enfield
British consumer confidence is now back at post-referendum levels
Last time short selling of #Lonmin was this high, it had an emergency rights issue #platinum #METL
UK royals to receive tax funding boost
Wall Street really hates giving any stock a ‘sell’ rating
Theres a safe and secure way for Chinese millennials to buy homes abroad
At platform 9-3/4, Harry Potter fans mark 20 years of magic
Italian Banking – Domino’s Just Started Falling - What is coming next?
@Renegade_Inc
@tracyalloway
Why Goldman Sachs pays such a high savings account rate
Fly Hi: Marine travel in the digital age #shipping
Peter Montalto: Rand to trade stronger, for now, but huge shocks lie in wait
Best and worst broadband speeds in UK revealed - but how does your area fare?
#Denmark Retail Sales month-on-month at 0.5%
Deutsche Bank growing more cautious on Gulf assets... Watch this space.
#Fintech in Hong Kong 2017 Startup and Ecosystem Report #vc
#Denmark Retail Sales year-on-year at 1.6%
Cyber Threat - Nigeria, 4 African Nations Among Worlds 10 Riskiest Countries: #Nigeria
13 Chinese sentenced to death for drug offences as thousands look on in public trial
Trump officially nominates new FBI director
Korean ports to offer alternative maritime power #shipping
GeoSea secures offshore wind installation work - Splash 247
How Singapore makes biodiversity an important part of urban life
Rowan lays off another 50 workers due to drillship cancellation
GeoSea secures offshore wind installation work
RT @shipping_latest: VLCC ordering scales heights not seen since 2008 #shipping
Chinas growth looks like it may already have hit its peak for 2017
EU to charge PPC with abusing position
It’s no coincidence
Ecuadors President grants pardon to 4 indigenous activists.
A storm chaser talks about the most dangerous storms of her career
Boxship master lays the blame for deadly collision on USS Fitzgerald officers #shipping
JAXPORT harbour-deepening project approved #shipping
Were creating a Facebook group to talk about American politics and we need your help
@thefreakywave reacts to news that the lifespan of ships is set to get younger #shippingnews
White House: Assad regime preparing for another chemical attack in #Syria -
Ugandan Scholar Seeking Kenyan Lover Boy to Marry Her: #Uganda
Lula leads Brazil presidential poll ahead of court sentence
MMA vs tai chi group brawl stopped by police in Shanghai
Blue Apron is among the IPOs estimated to bring in an aggregate $1.1 billion this week
Liquidation of Italian banks shows limits of banking resolution rules
This 3D-knit chair is made from a single piece of technical fabric
Key GOP senator: I dont have enough information to vote for ObamaCare repeal
Spacex had two successful launches in one weekend and has new titanium fins able to handle…
Cold, hard cash remains king in the digital age for one simple reason
Kyiv police confirms: driver is dead via @NPU_GOV_UA
How Italy’s bank rescue rewards investors’ political bets
Drones arent missiles, so dont regulate them like they are:
JAXPORT harbour-deepening project approved
Korean ports to offer alternative maritime power
You can try your best, but China’s latest logistics IPO is hard to unpack says @mak_robyn
How Kenyans Reacted to News of Tanzania Naming Street After Victor Wanyama: #Kenya
Five star Capitec rated by Lafferty as best bank in the world - again - @CapitecBankSA
Startup teaching kids how to handle money also guides parents to support them
How the insurance industry will decide how you will behave in future - or else!
Iraqi army says ISIL will fall in Mosul in a few days
An illustration of how Democratic partisans smear journalists and deny verifiable reality
Will Rodrigo Duterte heed the message inherent in #Marawi’s Islamist uprising?


Timothy Taylor
Personnel is Policy: Presidential Appointments
2 months ago




There are over 1,200 positions in the US government (not counting judges or military appointments) that require the US Senate to confirm a candidate nominated by the president. (These are a subset of about 3,700 positions that require the president to appoint someone, but most of the positions in this broader group don't require Senate confirmation.) Often, the people appointed to these positions have a reasonable degree of day-to-day discretion in decision-making: in that sense, as those inside the DC beltway like to say, "personnel is policy.: As President Trump pushes ahead with his proposed appointments, what is the historical record of success for such appointments in the US Senate? Anne Joseph O’Connell compiles the evidence in "Staffing federal agencies: Lessons from 1981-2016," a report written for the Brookings Institution (April 17, 2017).

Here's a figure showing the success rate of presidential appointments in receiving Senate confirmation going back to the 97th Congress, during the 1981-82 at the start of President Reagan's first term.
Executive Branch Failure Rates Transparent

I'll mostly leave it to readers to sort through the years and whether the president was facing a Senate of the same party. But a few points seem worth noting: 

1) It's common for presidents to have 20% or more of their nominees not make it through Senate confirmation, especially later in presidential terms. 

2) The share of presidential nominees not making it through US Senate confirmation has been rising over time, and for President Obama, 30% of his nominees didn't make it through the Senate. 


3) Perhaps unexpectedly, the share of President Obama's nominees who didn't make it through the Senate was only a bit higher during his last two years in 2015-2016, when Republicans controlled the Senate, than it was during 2013-2014, when Democrats controlled the Senate. Moreover, remember that in November 2013, the Democrats running the US Senate changed the rules so that it was no longer possible to filibuster presidential appointees. But as O'Connell points out: 
"Failure rates, however, increased for free-standing executive agencies, within and outside the Executive Office of the President, and for national councils. More surprisingly, confirmation delays for agency nominations increased across the board. For those successful 2013 nominations (a few of which were actually confirmed in December after the change), they took 95 days, on average. In 2014, delays ballooned to 150 days. Indeed, it was the biggest jump in any given year in an administration between any two presidents."
4) O'Connell also makes the interesting point that often about 15-20% of these theoretically appointed positions, or more, are not filled at any given time over the years. She writes that President Obama appointed fewer people, and as a result ended up leaving positions open more often. 
"Interestingly, President Obama submitted fewer nominations (2828) than any of the other two-term presidents. President George W. Bush submitted the highest (3459); Presidents Reagan and Clinton each submitted around 3000 (2929 and 3014, respectively).... President Obama submitted fewer nominations than his predecessors, allowing acting officials to fill in for many important positions. President Trump could follow suit."
My own sense is that far too many low-level nominations are held up for dubious and extraneous reasons by individual or small groups of senators. For example, late in the Obama administration the board that is supposed to oversee the US Postal Service had zero members out of the nine possible appointments. The reported reason is that Senator Bernie Sanders put a hold on all possible appointees, as a show of solidarity with postal workers. If it isn't obvious to you how Sanders preventing President Obama from appointing new board members would influence the US Postal Service in the directions that Sanders would prefer, given that President Trump could presumably appoint all nine members of the board, you are not alone. 

This system of 1,200-plus presidential appointments requiring Senate approval seems dysfunctional but that doesn't alter the reality that these 1,200-plus appointments are among the most important steps a president can make.