Bucking tradition, the British government on Monday announced that Mark Carney, the head of the Bank of Canada, would succeed Mervyn King as the governor of the Bank of England. Carney will be the first foreigner to ever lead the 318-year-old central bank, and will be charged with steering the country's financial system as it continues to struggle with a weak economic recovery and an ongoing euro crisis. Analysts say Carney got the job because of his strong track record in Canada, whose banking system was one of the few to thrive during the financial crisis. In addition, many British candidates for the job — including Paul Tucker, the deputy governor at the Bank of England — have been tainted by an interest-rate-rigging scandal.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- After Ferguson: Stop deferring to the cops
- 43 TV shows to watch in 2014
- 10 things you need to know today: November 27, 2014
- Ferguson riots were terrible — but this racist reaction was worse
- Why the poor can't catch a break on Thanksgiving
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- Obama just kneecapped Jeb Bush and Chris Christie's 2016 prospects
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- Is it now OK to have sex with animals?
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