Denton Record-Chronicle (Denton, Tex.), Vol. 113, No. 108, Ed. 1 Friday, November 18, 2016 Page: 6 of 21
This newspaper is part of the collection entitled: Denton Record-Chronicle and was provided to The Portal to Texas History by the UNT Libraries.
- Highlighting
- Highlighting On/Off
- Color:
- Adjust Image
- Rotate Left
- Rotate Right
- Brightness, Contrast, etc. (Experimental)
- Cropping Tool
- Download Sizes
- Preview all sizes/dimensions or...
- Download Thumbnail
- Download Small
- Download Medium
- Download Large
- High Resolution Files
- IIIF Image JSON
- IIIF Image URL
- Accessibility
- View Extracted Text
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
NATIONAL
INTERNATIONAL
6A
7A
Friday, November 18, 2016
Denton Record-Chronicle
Denton Record-Chronicle
Friday, November 18, 2016
Yellen says she isn’t leaving when Trump takes office
Trump election pressures Merkel to take liberal lead
mained in a range of 0.25 per-
cent to 0.5 percent for the entire
year. The rate had been at a re-
cord low near zero for seven
where the funds rate is neither
promoting economic growth
nor slowing growth.
As measured by the gross do-
mestic product, the economy
grew at a 2.9 percent annual rate
in the July-September quarter,
the government has estimated,
more than twice the rate in the
April-June quarter. The unem-
ployment rate is 4.9 percent,
around the level typical of a
healthy economy, down from 10
percent in 2009.
In addition to firmly stating
that she has no plans of leaving
the Fed before her term as chair
is complete, Yellen also made
clear that her views on bank reg-
ulation differ from Trump’s.
ferent from her own.
“I could not have asked for a
steadier and more reliable part-
ner on the world stage,” Presi-
dent Barack Obama said Thurs-
day after meeting with Merkel in
Berlin during his final foreign
tour.
was a precondition for Berlin’s
continued good relations with
Washington. Many commenta-
tors saw her remarks as a sign
that the chancellor was pre-
pared to thrust Germany into
the forefront of international
politics and challenge the new
U.S. administration if necessary.
Standing beside Obama, she
pledged to “do everything to
work well with the new presi-
dent,” but insisted that the basis
for cooperation would have to be
“democracy, freedom and hu-
man rights worldwide, and to
strive for an open and liberal
world order.”
Obama’s decision to stop in
Germany for two days rein-
forced the image of him passing
the baton to Merkel. Rather
than bid farewell to Europe in
Paris, the capital of America’s
oldest ally, or in Britain — which
prides itself on a having a “spe-
cial relationship” with Washing-
ton — Obama’s choice signaled a
recognition that the heart of the
old continent now lies in Berlin.
The leaders of Europe’s other
major powers — Britain, France,
Italy and Spain — will meet
Obama in the German capital
today, a day after he confers at
length with Merkel.
“The phrase ‘leader of the
free world’ is usually applied to
the president of the United
States, and rarely without irony,”
rate hike is likely to occur at the
Fed’s last meeting of the year on
Dec. 13-14. They noted that she
dismissed a suggestion that in-
creased market uncertainty af-
ter Trump’s election might be
cause for a delay.
Asked whether it might be
better to push back a move until
January, Yellen said that uncer-
tainty surrounding Trump’s pro-
posals for tax cuts and infra-
structure spending could well
last for a good deal longer than
one month.
“Yellen’s testimony before
Congress... further cemented in
place expectations that the Fed
will hike rates next month,” said
Michael Feroli, senior econo-
eral values in the West.
Since taking office in 2005,
Merkel has been a fixture of the
international summit circuit, of-
ten providing the only dash of
color in row upon row of grey
suits.
Timothy Garton Ash, a historian
and professor of European stud-
ies at Oxford University, wrote
today in Britain’s left-leaning
Guardian newspaper,
tempted to say that the leader of
the free world is now Angela
Merkel.”
Yet skeptics point out that
Merkel may not be suited to rally
the West.
Her decision last year to open
Germany’s borders to hundreds
of thousands of people fleeing
war and poverty was seized up-
on by European nationalists and
featured prominently in Brit-
ain’s debate over quitting the
European Union — which the
‘leave’ camp narrowly won.
By Martin Crutsinger
AP Economics Writer
WASHINGTON - Federal
Reserve Chair Janet Yellen ap-
pears unruffled by incoming
President Donald Trump’s victo-
ry last week.
Her remarks to Congress on
Thursday suggest that the cen-
tral bank is on track to raise in-
terest rates at its meeting in De-
cember, one month before
Trumps takes office. She said she
has no plans to step down before
her four-year term ends in early
2018, reiterated the Fed’s politi-
cal independence and vigorous-
ly defended tougher bank regu-
lations established in the wake
of the financial crisis.
An improving U.S. economy
has bolstered the case for raising
interest rates, Yellen told Con-
gress’ Joint Economic Commit-
tee. Economic data since Fed
policymakers gathered in early
November reinforced her view
that the economy is making
progress toward the Fed’s goals
on employment and inflation.
She said that at the meeting, she
and her colleagues believed that
the case for a rate increase “had
continued to strengthen and
that such an increase could well
become appropriate relatively
soon.”
mist at JPMorgan.
Asked about her own future,
Yellen said it was “fully my inten-
tion” to remain as Fed chair until
her four-year term ends on Feb.
3, 2018. She said she could not
imagine any circumstance that
would cause her to leave early,
addressing speculation that she
might step down once Trump
takes office, given his critical
comments of her during the
election campaign.
The Fed raised its key inter-
est rate in December 2015 and
projected that it could raise rates
as many as four times in 2016.
But it deferred as the U.S. econo-
my went through a prolonged
soft-patch. The rate has re-
By Frank Jordans
Associated Press
BERLIN — Can Germany,
the country that once unleashed
Nazism, lead the free world?
The idea that the former
home of militarism and nation-
alism could become a beacon for
human rights and peaceful in-
ternational cooperation within
one lifetime may seem far-
fetched.
But with outsider Donald
Trump’s election as U.S. presi-
dent and the rising strength of
far-right and populist move-
ments in Europe, some have
suggested that German Chan-
cellor Angela Merkel is left as
the last powerful defender of lib-
‘I’m
years.
Economists are forecasting
that the Fed will raise rates by a
quarter-point in December and
then will boost rates two more
She has outlasted most of her
contemporaries — save for Rus-
sian President Vladimir Putin —
and won plaudits for successful-
ly steering her country through
the turmoil of the global finan-
cial crisis.
Along the way, the trained
physicist has deftly maintained
relations with allies as they
gained new leaders, including
prime ministers and presidents
whose positions were very dif-
He described the German
chancellor as “a great friend and
ally” who looks out for her own
country’s interests while recog-
nizing that this also requires
working closely with others to
solve common problems.
Merkel raised eyebrows last
week when she departed from
the usual diplomatic script after
Trump’s election by suggesting
that respect for liberal values
times in 2017. Yellen stressed in
her testimony that the slow re-
covery and absence of inflation
pressures should allow the Fed
to move gradually in raising its
key rate, the federal funds rate.
“Gradual increases in the fed-
eral funds rate will likely be suffi-
cient to get to a neutral policy
stance over the next few years,”
Yellen said, referring to the point
Analysts viewed Yellen’s
comments as an effort to put fi-
nancial markets on notice that a
J r
Play and WINJ5*
i
f
A
m
mm.
2 o
locations
setve V°ul
TlYi
to
OPtH
&
jMiyisor
StfUROM
I
il
, I A
fjwgi&ijnsfiLS
set Stye i
la
■
Jen®
m)
wwEum
Pw ■
rLs
LAST WEEK’S WINNER - JOHN SUCH, DENTON
r,
'
limiORyfrfi
# *
■
■ A * "
he
%
II*
If *
; d
fey'
r
tPE
r
din
Pick who you think is going to win the selected High School
College and Pro Football games each week during the season
1 -
mm
-
/
j
w
w
&
I
d
Till-
I
vrr
ill
45
j
* i
■ ~
t
fMM
A
A
t-sS'
\
o ©31
PLAY NOW at DentonRC.com.
T
brought to you by Denton Record-Chronicle
M
.Wi
Ol [i
J
JTlTlTl
COLLEGE
NFL
Southern Miss at North Texas
Texas San Antonio at Texas A&M
Texas Tech at Iowa State
Texas at Kansas
Oklahoma at West Virginia
Oklahoma State at TOO
Kansas State at Baylor
South Florida at SMU
Texas State at New Mexico State
Louisville at Houston
Virginia Tech at Notre Dame
New Orleans at Carolina
Pittsburgh at Cleveland
Baltimore at Dallas
Buffalo at Cincinnati
Tampa Bay at Kansas City
Chicago at NY Giants
Arizona at Minnesota
Miami at Los Angeles
New England at San Francisco
Philadelphia at Seattle
Green Bay at Washington
Houston at Oakland
★
Jacksonville at Detroit
\
Tennessee at Indianapolis
ir
$2.75
Domestic
Dottles
Every Day!
m T 1
» jT
vl
■ .
tyaun, 'Hontk t7exa&
dommencial &
TReaC Sdtate
ADVERTISERS' PICKS OF THE WEEK
77-V
t
*3 33^ -TE*.
B
: SI
%
%
1
L
I
r
b
Two Denton Locations!fa Serve You!
*j 1
I i
*
s
4
y
I
J
• r
115 Industrial £?r
241«2fSI555l
AM
0N
r-'sm
Tom Fouts Commercial Real Estate
info@dentontx.com
(940) 382-1541
■
m
dm&mwed
Ma-Abbmm
IS
Hi
ojoum
Casey Cates
Fuzzy’s Taco Shop
Jason HeLal
Century Insurance
Kyle Nayfa
Edward Jones
Clay Henry
Hickory Street Lounge
Paul Middleton, OD
Advanced Eye Care
Center
15-10
184-97
Jim Beam
Liquor Outpost
Matt Portz
State Farm
Rob Rayner
Tom Fouts Commercial
Real Estate
16-9
187-94
Rodgers Eckhart, MD
Advanced Eye Care
Center
13-12
182-99
Robert Goodwin
Huffines Kia - Subaru
to I
HZ
13-12
186-95
16-9
16-9
15-10
185-96
15-10
174-107
15-10
189-92
LAST WEEK
OVERALL
13-12
185-96
n
180-99
178-103
C3B©Cs ®G0 (MO mmi
inrur street
f
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Notre Dame
New Orleans
Pittsburgh
Dallas
Detroit
Tennesee
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Washington
Oakland
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
Oklahoma State
Kansas State
South Florida
Texas State
Houston
Virginia Tech
Carolina
Pittsburgh
Dallas
Jacksonville
Indianapolis
Buffalo
Kansas City
NY Giants
Minnesota
Los Angeles
New England
Seattle
Washington
Oakland
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Green Bay
Oakland
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Green Bay
Oakland
North Texas
Texas A&M
Texas Tech
Texas
West Virginia
Oklahoma State
Kansas State
South Florida
New Mexico State
Louisville
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Kansas City
NY Giants
Minnesota
Los Angeles
New England
Seattle
Green Bay
Oakland
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Green Bay
Oakland
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Notre Dame
Carolina
Pittsburgh
Dallas
Detroit
Indianapolis
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Green Bay
Oakland
North Texas
Texas A&M
Texas Tech
Texas
Oklahoma
Oklahoma State
Southern Miss
Texas A&M
Texas Tech
Texas
Oklahoma
TCU
Kansas State
South Florida
New Mexico State
Louisville
Virginia Tech
New Orleans
Pittsburgh
Dallas
Detroit
Tennesee
Cincinnati
Kansas City
NY Giants
Minnesota
Miami
New England
Philadelphia
Washington
Oakland
North Texas
Texas A&M
Texas Tech
Texas
West Virginia
Oklahoma State
ODD QDOSOOGIS
w!1 ■
^ LOU
I
0
/
CCCITAII %
K?
Baylor
Baylor
%
MMlfl l«P
SMU
SMU
We are .a w- h
/ fr
Dave Ramsey-y^
Kl/p
Texas State
Louisville
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Tampa Bay
NY Giants
Arizona
Miami
New England
Seattle
Green Bay
Houston
Texas State
Houston
Virginia Tech
Carolina
Pittsburgh
Dallas
Detroit
Tennessee
Cincinnati
Kansas City
NY Giants
Arizona
Miami
New England
Seattle
Washington
Oakland
Come discover Denton’s coolest, old-school
Cocktail Lounge.
Enjoy classic, hand-crafted cocktails in our cozy,
smoke-free environment.
1
Hr
i
j
Choose from our extensive cocktail menu or ask
one of our professional mixologists to prepare
your own unique libation.
Hickory Street Lounge provides a relaxing, laid-back
atmosphere for all gatherings large or small.
Come give us a try.
Jeff Richard
^940-387-8811
jeff@ciaauto.qifm
>; T
E
Denton, Texas 7621J0.
PP®;jgfekoif ■* Wmm. • 940-387-2222
_
HZ
ADVANCED EYE
, CARE CENTER
2210 San Jacinto Bivd., Suite 1
Denton, Texas 76205
940-382-8000 • 800-375-4555
School tjack in, which means the
start of football games, volleyball
matches and cross country meets.
And don't forget tnc cheerleaders,
drill teams and bards
submitted by
k.lippe
* HUFFINES
1
Matt Portz, Agent
940-591-6644
SHARE
YOUR
SCHOOL
PHOTOS
v V<
l
• Glaucoma
• Glasses and Contact Lenses
• Eye Exams For All Ages
• Board Certified Doctors
• Cataract Surgery
Life Style Lenses
Sine* 1924
" ‘t
>
matt@mattportz.com
800 S. Interstate 35 E.
Denton,TX 76205
(Toric and ReStor®, ReZoonf8,
Tecnis® Multi-Focal Lenses)
'fir
Be sure to post your photos of
youi student athlete or team to
Instag ram using
FsTiF.'
L
I
• Full Service Optical
o
#DENTONTIME
fo
(olrsl
(klA>
4
for an opportunity to see them in
an upcoming print edition of the
Den for* Record- Chronic fe
i
W
Texas sun is great;
however, your eyes need
proper UV protection.
See Christy about your
sunglasses to make sure
you are protected.
f 7
O
-
SUBARU
j*
i
888-699-0256
1
«
\
v. r
/
*
\
H uffi nesSu ba r uCor i nth .com
HuffinesKiaCorinth.com
I
m
V.
Rodgers L. Eckhart, M.D.
awrence A. Shafron, M.D., F.A.C.S.
Paul G. Middleton, O.D.
r
submitted by
ryanraider nation
Christy Fitzgerald,
ABOC
I
1
HY
HZ
HZ
KR
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Matching Search Results
View 21 places within this issue that match your search.Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Parks, Scott K. Denton Record-Chronicle (Denton, Tex.), Vol. 113, No. 108, Ed. 1 Friday, November 18, 2016, newspaper, November 18, 2016; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1127271/m1/6/?q=%22~1%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .