Veteran journalist Carl Hoffman believes he’s solved one of the great mysteries of the 20th century. In 1961 at the age of 23, Michael Rockefeller – son of New York Governor Nelson Rockefeller and a member of one of the richest and most powerful families in America ¬– travelled to remote New Guinea in search of primitive art for his father’s new museum.
Ohioan Richard Cordray Named As Nation’s Chief Consumer Watchdog
Senior administration officials tell The Associated Press that President Barack Obama will use a recess appointment to name Richard Cordray as the nation’s chief consumer watchdog despite strong Republican opposition.
With a director in place, the Consumer Financial Protection Bureau will be able to start overseeing the type of financial companies often blamed for practices that helped send the economy into a downward spiral.
Obama’s end run around the Senate is likely to cause an uproar among Republicans in Congress.
The White House contends the Senate’s “pro forma” legislative sessions are a gimmick and therefore Obama has the power to make the short-term appointment. Cordray would serve for at least the next two years.
The officials spoke on condition of anonymity ahead of Obama’s planned announcement in Ohio later Wednesday.