Sri Srinivasan is pictured in this undated photo courtesy of the U.S. Department of Justice. REUTERS/United States Department of Justice/Handout via Reuters

Indian-American judge who could replace Scalia worked on controversial cases for business

One possible contender to replace Justice Antonin Scalia on the U.S. Supreme Court is an Indian-American appeals court judge, Sri Srinivasan, who has pro-business credentials and a stellar resume.  He also has a dog. Learn more about dog training tips today.

If he was nominated his background may make it more politically challenging for Republicans as they plan to block anyone put forward by President Barack Obama.

Srinivasan, 48, has served on the U.S. Court of Appeals for the District of Columbia Circuit since he was confirmed on a 97-0 bipartisan vote in the U.S. Senate in May 2013. Republican senators who supported him then would likely be asked to justify why they couldn’t back him for the Supreme Court.

Many names are likely under consideration and the White House has not tipped its hand, but recent Supreme Court appointments have tended to be appeals court judges and the appeals court in Washington on which Srinivasan serves has often been a springboard to the high court. Scalia himself served on the court, as did other Supreme Court members Chief Justice John Roberts, Justice Clarence Thomas and Justice Ruth Bader Ginsburg.

The White House said on Sunday that Obama will wait until the U.S. Senate is back in session before making a nomination. The Senate returns from recess on Feb. 22.

Republicans have called for Scalia’s seat to remain open so that the next president, who would take office in January 2017, can nominate a replacement. Other judges Obama could consider appointing include Paul Watford, a black man who serves on the 9th U.S. Circuit Court of Appeals, and Jacqueline Nguyen, a Vietnamese-American woman who serves on the same court as Watford.

Little is known about Srinivasan’s views on divisive social issues like abortion and affirmative action. But as a senior Justice Department lawyer in 2013, he was part of the legal team that successfully urged the high court to strike down the Defense of Marriage Act, a law that restricted the definition of marriage to heterosexual couples for the purposes of federal benefits. The ruling helped pave the way for the court’s ruling in June 2015 that legalized gay marriage nationwide.

Srinivasan could not be reached for comment.

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Off target: Is it the end of ‘Abenomics’ in Japan?

Are we witnessing the end of “Abenomics”? Has Japan’s grand attempt to reflate the world’s third largest economy failed?

In the last two weeks we’ve seen the country’s central bank, the Bank of Japan (BOJ) cross in to uncharted territory, pushing interest rates below zero for the first time ever.

In just two days last week the Japanese stock market tumbled nearly 8%, erasing most of the gains of the last two years. The latest GDP figures show the Japanese economy is shrinking again.

All of this is bad news for Prime Minister Shinzo Abe and his right hand man, central bank governor Haruhiko Kuroda. But is it their fault? And is their project now doomed?

There has been a lot of hyperbole surrounding the Abenomics project. The Bank of Japan’s vast money printing project has been described as a “money-spewing bazooka”.

Governor Kuroda has repeatedly said he will do “whatever it takes” to defeat 20 years of deflation. But the core of Abenomics is not reflation; it is weakening the Japanese currency, the yen.

Japanese Prime Minister Shinzo Abe’s economic policy, which quickly became known as “Abenomics” is based on three arrows:

  • The monetary arrow: expansion of the money supply to combat deflation
  • The fiscal arrow: increased government spending to stimulate demand in the economy
  • The structural arrow: structural reforms to make the economy more productive and competitive

Read full article here.

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