Originally published on Mon September 16, 2013 4:35 pm
By taking his name out of consideration for the Federal Reserve chairmanship this weekend, Lawrence Summers became a metaphor for the difficulties President Obama has had in pursuing his economic agenda.
And the end of Summers, at least as Ben Bernanke's potential successor, signaled that the president's inability to get traction on his economic agenda is likely to get worse, not better. Now even lawmakers in his own party are willing to break with him on high-profile economic decisions.
In the past few years a wisp of a trend has emerged suggesting that the huge rise in obesity among children and teenagers may have peaked.
Here's one more bit of evidence: Teenagers are cutting back on sugary drinks, getting more exercise and watching less TV. But overall they're still pretty awesomely bad when it comes to healthful behaviors, a study finds.
Financial markets rallied Monday, a day after Lawrence Summers took himself out of the running to be the next chairman of the Federal Reserve. Summers had been seen as a front-runner to replace Ben Bernanke, whose term expires in January.
His exit improved the odds for his chief rival for the position — Fed Vice Chairman Janet Yellen — as well as those of Donald Kohn, the former vice chairman of the Fed board.