President Obama named Securities and Exchange commissioner Elisse Walter the new chair of the financial regulatory agency after Chairman Mary Schapiro announced Monday that she would be leaving the SEC next month. "The SEC is stronger and our financial system is safer and better able to serve the American people, thanks in large part to Mary's hard work," Obama said in a statement. "I'm confident that Elisse's years of experience will serve her well in her new position, and I'm grateful she has agreed to help lead the agency." Schapiro's departure was "widely telegraphed," said The New York Times, after a "bruising, four-year tenure."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 7 things the world's happiest people do every day
- Why you should really take a nap this afternoon, according to science
- Why Israel can no longer let the Palestinian Authority be responsible for security in the West Bank
- Why you shouldn't eat dog. Not even once.
- How U.S. special forces are preparing for the worst-case scenario in North Korea
- Here's the schedule very successful people follow every day
- What would a U.S.-Russia war look like?
- 7 grammar rules you really should pay attention to
- How social conservatives became a minority in need of protection
- Grammar quiz: Do you know the passive voice?
Subscribe to the Week