Obama to tap Yellen for Fed vice chair: source

WASHINGTON (Reuters) - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.

Issues in Depth

Trader John Boehm works in the 5-year US Treasury Bond Options Pit at the Chicago Mercantile Exchange September 16, 2008.  REUTERS/John Gress

The big guns fire back

The Wall Street behemoths that came close to collapse in the financial crisis are back and pushing aside the boutiques that made a killing during the turmoil.   Full Article 

A migrant worker carries his belongings as he waits for his train inside Shanghai Railway Station February 8, 2010. REUTERS/Nir Elias

"Aliens" in urban China

They build the skyscrapers and lay the highways, but China's "hukou" system means 200 million migrant workers still can't live like their urban counterparts.  Full Article 

 People look out of the window at the Lehman Brothers Holdings Inc building in New York September 15, 2008. REUTERS/Joshua Lott

Lehman used "gimmicks"

A 2,200-page report on Lehman Brothers' collapse found a series of shadowy transactions designed to make its balance sheet look stronger.  Full Article 

Billionaire investor Warren Buffett laughs as he appears with Microsoft Corporation founder Bill Gates for a town hall style meeting with business students broadcast by financial television network CNBC at Columbia University in New York in this November 12, 2009 file photo. REUTERS/Mike Segar

Warren Buffett gets pay raise

It might not push him up another notch on the richest list ladder, but the Oracle of Omaha, already worth $47 billion, just got a bit richer.  Full Article 

A U.S. Marine from Bravo Company of the 1st Battalion, 6th Marines walks during an operation in Marjah, Helmand province February 21, 2010. REUTERS/Goran Tomasevic
Witness:

"As a friend I feel like I failed"

The troops of Bravo Company and the civilians caught up in the Afhgan war are scarred and haunted by the deaths around them.  Full Article 

  Actress Glenn Close (L) arrives at the 67th annual Golden Globe Awards in Beverly Hills, California January 17, 2010 file photo.  Credit: Reuters/Danny Moloshok

A new Hollywood trend?

Archbishop Desmond Tutu has done it. So has genome pioneer Craig Venter. Now celebrities are joining in on this growing scientific trend.  Full Article 

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