1. Here's who will likely be joining Janet Yellen at the Fed soon
By Jim Kuhnhenn and Martin Crutsinger/AP
The US Federal Reserve building in Washington, D.C. Karen Bleier/AFP/Getty Images
WASHINGTON - President Barack Obama intends to nominate Stanley Fischer, a former head of the Bank of Israel, to be vice chairman of the Federal Reserve, replacing Janet Yellen, who is ascending to the central bank's chairmanship.
Fischer, a dual citizen of the United States and Israel, is considered a leading expert on monetary policy. He was a long-time professor at the Massachusetts Institute of Technology. Departing Fed Chairman Ben Bernanke was one of his students.
Obama also is nominating Lael Brainard as a Fed governor. Brainard served as the undersecretary for international affairs at Treasury during Obama's first term. She left the administration recently. He also is renominating Jerome Powell to the Fed for a second term.
"These three distinguished individuals have the proven experience, judgment and deep knowledge of the financial system to serve at the Federal Reserve during this important time for our economy," Obama said in a statement.show more
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3. Target now says 70 million people's info may have been stolen
By Digital First Media
A customer signs his credit card receipt at a Target store in Tallahassee, Fla. Phil Coale/AP Photo
A data breach at Target during the holiday shopping season was wider than initially thought, with nearly twice as many people having potentially been affected.
Target now says 70 million people may have been affected by a recent security breach at its stores.
Information that may have been accessed includes names, home and email addresses, and phone numbers. The company had said about 40 million shoppers were affected by a hack that put at risk debit and credit card info during a several-week period in the midst of holiday shopping.
Target has been offering various reparations to customers, including free credit monitoring to customers for a year. It also gave all customers 10 percent off on a recent weekend, leading one person to comment this morning:
So is target going to offer me 20% off the whole store this time, or should I just not shop there? Except I probably will anyway.
- Hussien Salama (@hussiens) January 10, 2014
Here's some other important things to think about if you shopped at Target between Nov. 27 and Dec. 15 and think your information might have been stolen.
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Officials at Fletcher Allen Health Care in Burlington said Fox died Friday. She was 62. According to reports, she had been battling cancer.
Fox, a lawyer, served in the House representing Essex from 1987-2000 and returned to the Senate in 2011.
Gov. Peter Shumlin Friday called Fox was a relentless champion for kids and vulnerable Vermonters
Sen. President Pro Tem John Campbell said he couldn't think of anyone more courageous and passionate in fighting for people who couldn't fight for themselves.
Fox is survived by her husband and two grown sons.
Services are set for Sunday in Burlington.