Obama says Paul Volcker stepping down as adviser
US President Barack Obama announced on Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his role as head of an outside panel advising the White House on economic policy.
"From his bold vision around how to reform our financial system to his thoughtful insight on how to make our economy work for working families again, Paul brought his brilliance and vast experience to bear on a host of difficult challenges," Obama said in a statement.
"I will always be grateful to Paul Volcker for his service as the head of my Economic Recovery Advisory Board," Obama said.
It was reported earlier this month that Volcker intended to leave the advisory board in February.
Floodwaters had inundated or were threatening the homes of 85,000 people around Sydney on Wednesday as rivers started to recede and the heavy rains tracked north of Australia's largest city. Emergency responders knocked on doors overnight in the towns of Singleton and Muswellbrook, in the Hunter Valley north of Sydney, to order residents to evacuate, Emergency Services Minister Steph Cooke said. “For many, it has been a sleepless night,” Cooke said.
British chancellor of the exchequer Rishi Sunak and health secretary Sajid Javid quit the government on Tuesday amid mounting pressure on Prime Minister Boris Johnson for appointing a tarnished member of the Parliament to a key government position.
A 21-year-old man who allegedly opened fire on a July 4 parade in a wealthy Chicago suburb while disguised in women's clothing was charged with seven counts of first-degree murder on Tuesday, prosecutors said. Robert Crimo, 21, was arrested on Monday, several hours after the attack on a festive Independence Day crowd. More than 35 people were injured.
UN human rights chief Michelle Bachelet and the United States both called Tuesday for a swift investigation into the deadly clashes at mass protests in Uzbekistan. Authorities in Uzbekistan said Monday that 18 people had died in clashes in the autonomous Karakalpakstan region on Friday after demonstrations erupted over planned constitutional changes affecting the territory's status. The United States separately voiced concern and urged all sides to seek a "peaceful resolution" to the tensions.
British Prime Minister Boris Johnson late Tuesday named his Iraqi-born education secretary, Nadhim Zahawi, as finance minister after the shock resignation of Rishi Sunak. Downing Street said Queen Elizabeth II had approved the appointment of Zahawi, who came to Britain as a child with his Kurdish family not speaking any English, before forging a lucrative business career. The prime minister named another loyalist, Michelle Donelan, to take Zahawi's place at the education ministry.