Why Did Larry Summers Quit Fed Chair Race?

Sept.16 (Bloomberg) -- Lawrence Summers’withdrawal as a candidate for Federal Reserve chairman came after an unprecedented campaign to stop a Fed nominee even before he was announced, spearheaded by Democratic senators who took on a president of their own party. Julianna Goldman reports on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)

Japan Wage Growth Stagnates
40:22 - Japan’s workers barely got a pay rise in 2015, with a 0.1 percent increase in cash earnings slower than the 0.4 percent bump in 2014. Total wages in Japan haven’t risen more than 1 percent in any year since 1997 and they fell for the past four years once inflation is accounted for, the labor ministry said on Monday in Tokyo. Bloomberg’s James Mayger and UBS Head of Global Asset Allocation Mads Pedersen joined Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” for further analysis.
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