THEM ON US: Economic fallout in Jackson Hole

By on August 27, 2013


82813themonusEconomic fallout in Jackson Hole

Not much was revealed at the Jackson Hole banker’s summit last weekend. Without the Federal Reserve Chairman Ben Bernanke giving his traditional Friday morning address, it was unlikely that policy change concerning a taper date for economic stimulus would be announced and it wasn’t. At the very least, some were anticipating the successor to a retiring.

Bernanke would emerge but that too did not materialize.

But vice chair Janet Yellin never tipped her hand and former U.S. Treasury Secretary Lawrence Summers, rumored to be in the hunt as well, never showed. Yellin dodged all questions about her being tapped by President Barrack Obama as the new Fed chair. Rules of the event dictate that anything said during the sessions is on the record. Everything else is off the record unless otherwise agreed.

Former Fed Vice chair Don Kohn was also in attendance at Jackson Lake Lodge last weekend. He is considered a possible front runner as well. He joked with reporters a bit about his chances but declined to comment further.

Meanwhile, the oddest headline came from CNNMoney. “Men outnumber women in Jackson Hole by 6-to-1,” the headline read. Not that it isn’t true, but how the hell does CNN reporter Annalyn Kurtz know that? Did she get hit on a lot while she was here?

We read further.

“It’s that time of year again, when central bankers and prominent economists gather for a meeting of the minds in the Wyoming wilderness. As usual, few women are among the decision-makers in the room. In fact, men outnumber women here by 6-to-1, roughly the same as last year.”

Kurtz went on to say 17 of the world’s top 117 economists in attendance were women.

 Tetonic artist on radio

Local artist Kathryn Mapes Turner gave a superb interview on NPR/WPR radio the other day. The landscape painter told Wyoming Public Radio’s Micah Schweizer that growing up at her family’s Triangle X Ranch she learned to appreciate the subtleties of the ever-changing Tetons.

“They are challenging,” Turner said of the Tetons. “And what makes them challenging is they’re always changing – with the light, with the seasons, with the way the clouds move over them, obscuring them, changing the shadows. So they provide a lifetime of material.”

Turner’s new exhibition “All One Breath” opened this week last week at Trio Fine Art.

 Wyoming gets its $40 million

The state of Wyoming will get its money from the feds. More than $40 million in federal funds stemming from the Mineral Lease Act, and withheld because of sequestration, will now be paid to the state, according to the Department of Interior’s Office of Natural Resources Revenue.

The Interior Department was forced into investigating the matter after the Western Governors Association, along with Wyoming Gov. Matt Mead, the Wyoming congressional delegation, former state Attorney General Greg Phillips and state Treasurer Mark Gordon challenged the Budget Control Act to get the funds released.

“I was tickled when I heard the news,” Gordon told the Casper Star-Tribune. “It goes to show what can happen in a state like Wyoming where the governor, congressional delegation and attorney general can all work together and get things done.”

 One job attracts 27 in Teton Valley

With Teton Valley’s leadership in disarray, no less than 27 applicants have applied to be the other Teton County’s new planning administrator, according to the Teton Valley News.

BOCC chairman Kelly Park said commissioners would whittle the field down to a shortlist by August 29. Meanwhile building permits are being shuffled by the only county staffer, land use services assistant Wendy Danielson.

 Mass dinosaur grave

Fox News reported on this summer’s dinosaur find south of Newcastle. A mass grave of at least four triceratopses is being excavated for the past two months. Paleontologists have recovered 250 bones so far. They expect to find 950, total.

“There are maybe 10 people in the world who care about this bone,” Matt Larson, a paleontologist for the Black Hills Institute of Geologic Research, was quoted as saying. “And four are here.

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