Showing posts with label Andrew. Show all posts
Showing posts with label Andrew. Show all posts

Monday, June 10, 2013

Andrew Chirls Joins Fineman Krekstein

Andrew C. Chirls has left Philadelphia-based litigation boutique Haines & Associates to join Philadelphia-based general practice firm Fineman Krekstein & Harris.

Thursday, January 3, 2013

Media Decoder Blog: Andrew Sullivan Leaving Daily Beast to Start Subscription Web Site

3:06 p.m. | Updated Andrew Sullivan, the prolific writer who has built up his following for his blog “The Dish” first at the TheAtlantic.com and then at the Daily Beast, announced on Wednesday he is striking out on his own with a Web site dependent entirely on subscription revenue.

Mr. Sullivan said in an announcement posted on “The Dish” that starting on Feb. 1, he plans to charge readers $19.99 a year or whatever they might want to pay to subscribe to his site. He said that he spent the last dozen years blogging and trying to figure out how to make his venture profitable. He tried pledge drives for six years and then shifted to partnering with larger institutions like the Atlantic and the Daily Beast. He said he decided to make this change now since his contract with the Daily Beast was finished at the end of 2012.

“We felt more and more that getting readers to pay a small amount for content was the only truly solid future for online journalism,” Mr. Sullivan wrote. He added “the only completely clear and transparent way to do this, we concluded, was to become totally independent of other media entities and rely entirely on you for our salaries, health insurance, and legal, technological and accounting expenses.”

Mr. Sullivan is starting his new company, Dish Publishing LLC, with his two colleagues and executive editors, Patrick Appel and Chris Bodenner. Mr. Sullivan said that he has received the support of Tina Brown, the Daily Beast’s editor in chief, and Barry Diller, its owner, to keep “The Dish” on the Daily Beast Web site through Feb. 1. Then the site will shift to his old address, www.andrewsullivan.com.

Mr. Sullivan said in an e-mail message that he could have remained at the Daily Beast under a new contract. But he said that as he and his two partners started negotiating, they “began to see the overpowering logic of real independence.”

He added that the Dish is going to stay in New York City, where he and his two business partners are based, “for the foreseeable future.” He added, “We need to be together as a group.”

In his announcement, he wrote that the new venture had decided not to depend on advertising for revenue because of “how distracting and intrusive it can be, and how it often slows down the page painfully.” He added that advertisers also require too much effort for a small company. “We’re increasingly struck how advertising is dominated online by huge entities, and how compromising and time-consuming it could be for so few of us to try and lure big corporations to support us,” he wrote.

Tuesday, October 16, 2012

Andrew Brimmer, First Black Member on Fed Board, Dies at 86

His death, after a long illness, was confirmed by his daughter, Esther Brimmer.

Dr. Brimmer, an economist, held a number of high-ranking posts in Washington and taught at Harvard, but the economic conditions of poor, powerless, uneducated blacks was an abiding concern. He spoke about what he called the “schism” between blacks who were educated and had marketable skills and those who did not. In later years he spoke frequently about how government policies no longer supported programs to help blacks enter the economic mainstream.

Dr. Brimmer was the assistant secretary of commerce for economic affairs when President Lyndon B. Johnson named him to the Fed board in 1966.

At the time, the Federal Reserve was bitterly divided over monetary policy. The chairman, William McChesney Martin Jr., threatened to resign if Mr. Johnson appointed a liberal who would vote in favor of lower interest rates.

At Dr. Brimmer’s swearing-in ceremony, the president said he did not expect Dr. Brimmer to be “an easy money man or a tight money man.” Rather, Mr. Johnson said, “I expect him to be a right money man.”

The Wall Street Journal expressed skepticism, with a front-page article headlined “Desire to Aid Negroes Could Make New ‘Fed’ Member More Liberal.” It quoted an anonymous source saying that the appointment was yet another example of Mr. Johnson’s political foxiness. “The president has Martin in a box,” the source told The Journal. “If Martin resigned now, it would look like it was because he didn’t want a Negro on the board.”

Early in his tenure, Dr. Brimmer followed the lead of Mr. Martin and other “tight money” board members by supporting a gradual increase in interest rates to fight inflation. But when Congress raised taxes in 1968 and cut spending to cut inflation, he was one of the first Fed governors to call for lowering rates.

At the Commerce Department, Dr. Brimmer’s primary responsibility was to reverse the country’s balance-of-payments deficit. He spent a good deal of time persuading American businesses to voluntarily slow their use of dollars in foreign investments. He also encouraged foreign companies to use their own currency to make investments in the United States.

In a speech in December 1965, he reported that his efforts had resulted in a drop in direct American investments overseas, to $515 million in the third quarter of that year from $1.12 billion in the first quarter.

That work built on his interest in foreign affairs, which started when he went to India with the Fulbright Program and wrote papers on the Indian economy.

As a staff economist at the Federal Reserve Bank of New York in the late 1950s, he was part of a team that visited Sudan to explore the feasibility of a central bank there. He later wrote an article on banking and finance in Sudan for The South African Journal of Economics. He became known as the international monetary policy expert on the Federal Reserve Board.

Dr. Brimmer served a little more than eight years of his 14-year term, leaving the board in 1974 to join the faculty of the Harvard Business School and start a consulting firm, Brimmer & Company. His academic career also included study in India at the Delhi School of Economics and the University of Bombay.

In 1995, he was chosen to head a five-member financial control board to help the District of Columbia deal with a financial crisis. He stepped down after a contentious three years in the job.

Andrew Felton Brimmer Jr. was born on Sept. 13, 1926, in Newellton, La. After graduating from high school he went to Washington State, where one of his sisters lived. He joined the Army near the end of World War II and attained the rank of staff sergeant, remaining in the United States.

Besides his daughter, who is the assistant secretary for international organization affairs at the State Department, he is survived by his wife, Doris Scott Brimmer.

Dr. Brimmer attended the University of Washington in Seattle on the G.I. Bill of Rights, earning an undergraduate degree in economics in 1950 and a master’s degree the next year.

He then went to India before attending the Massachusetts Institute of Technology and Harvard, where he earned a doctorate. In 1965, Dr. Brimmer was part of a federal delegation sent to Los Angeles after rioting in the Watts neighborhood left 34 people dead and tens of millions of dollars in property damage. He commissioned a Census Bureau study that found that the purchasing power of the average family in Watts had declined by $400 in the five years before the riots while incomes had risen in the rest of America.

“I do feel that the economic plight of blacks is a serious matter,” he told The New York Times in 1973. “So I bring the same economist’s tool kit to that subject as other economists bring to examine other national economic problems.”