Padma Lakshmi serves up type in slinky snake print shirt and thin denims

Padma Lakshmi serves up style in a snug, snake-print blouse and skinny jeans as she prepares to bake cookies at Good Morning America

Padma Lakshmi served up some style when she arrived at Good Morning America in New York on Monday.

The top boss presenter, 51, made a breathtaking appearance in a seductive snake print blouse, tight jeans and a jacket with fur accents when she walked into the studio.

Padma’s glossy brunette locks were styled with a center part and two gold hair clips on either side of her head.

What a dish! Padma Lakshmi served up some style when she arrived at Good Morning America on Monday

She refined the glamorous look with a gold necklace and a narrow leather belt that hugs her narrow waist.

The Taste The Nation star rounded off the look with a pair of black heels.

Even as she stepped into the cool big city, Padma couldn’t be stopped from putting a smile on her face as she waved to fans as she walked into the studio.

Padma performed on Good Morning America to teach viewers how to make fingerprint cookies based on the Cuban pastelitos.

Hitting her crotch!  The Taste The Nation star completed the look with a pair of black heels

Fur for God’s sake! Lakshmi dresses stylishly in her black jacket with fur accents

Look cool!  Even as she stepped into the cool big city, Padma couldn't be stopped from putting a smile on her face as she waved to fans as she walked into the studio

Look cool! Even as she stepped into the cool big city, Padma couldn’t be stopped from putting a smile on her face as she waved to fans as she walked into the studio

The recipe was inspired by the Cuban community in Miami who appeared on Padma’s show Taste The Nation.

“The recipe we’re making today is based on these Cuban baked goods called pastelitos,” explained Padma.

“And you did an episode of your show about the Cuban community, and it’s kind of inspired?”

“Yes, that’s right, Taste The Nation: Holiday Edition goes to four parishes,” said Padma.

What is handsome cooking?  Lakshmi demonstrated how to make cookies based on the Cuban pastelitos

What is handsome cooking? Lakshmi demonstrated how to make cookies based on the Cuban pastelitos

Yum!  The delicious fingerprint cookies filled with jelly are sure to be a hit at the Christmas party

Yum! The delicious fingerprint cookies filled with jelly are sure to be a hit at the Christmas party

She also talked about her new children’s book, Tomatoes For Neela, which she called “love work”.

“It is the story of a family like me and my daughter who cook and try recipes, test recipes to make a living. And it’s all about getting kids excited about food because the sooner you involve kids in the food, the more they will enjoy the food that they make and eat.

“If a child can cook their own food, the more likely they’ll be proud of that dish and will eat well for the rest of their life long after you’re gone.”

Padma shares daughter Krishna Thea Lakshmi-Dell with her ex, venture capitalist Adam Dell.

Tomatoes for Neela was released on August 31, 2021.

Page-Turner: She also talked about her new children's book, Tomatoes For Neela, which she called

Page-Turner: She also talked about her new children’s book, Tomatoes For Neela, which she called “love work”

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A Fed-issued digital greenback may print cash — for the folks

Federal Reserve Chairman Jerome Powell takes his seat to speak before a Senate Banking, Housing, and Urban Affairs hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, United States, Dec. July 2021, to testify. REUTERS / Kevin Lamarque

The author is a former chairman of the FDIC and a former deputy secretary of the US Treasury Department.

More and more informed observers are wondering why, after 13+ years, FThe increasingly aggressive monetary policy interventions of the ederal reserve, the advantages stay so lopsided to Mauerstrasset across the main road. The answer is simple: follow the money. Using its traditional instruments, the Fed is pumping money into the financial system in hopes of getting it into the wider economy. But the Fed has no control over where the money goes or to whom financial institutions lend, clearly to the main beneficiaries were investors and the ultra-rich.

Fortunately, new technology in the form of a Central bank digital currency (CBDC) provides the Fed with a mechanism to distribute cash directly to working families. This would mean a profound change in the way the Fed has traditionally responded to economic crises, largely bypassing the financial system and channeling increases in money supply to the people who need it most.

After the 2008-2009 financial crisis, the Fed kept money cheap and plentiful for over a decade, with good intentions to revive the economy from this debacle. But the money didn’t reach consumers, which is why the Fed was never able to meet its inflation target of 2%.

That started to change last year when the government increased budget spending on pandemic relief programs like supplemental unemployment insurance, Economic Impact Payments (EIP), rental subsidies, and others. These programs were largely funded through deficit spending made possible by the Fed’s purchase of massive government debt.

When that trillion in new household spending hit Main Street, voila, consumer prices started to rise (maybe too much). These tax expenditures have been more effective in helping working families. But even these fiscal programs were fraught with unnecessary political scramble, overly complex requirements, and payment delays due to an inefficient and costly payment system for distributing funds.

The story goes on

A better way of getting money to people who need it

CBDC would be a better way.

By using distributed ledger technology, the Fed could bring digital dollars to households quickly and cheaply in times of crisis. Of course, such a system would have to be approved by Congress and only used in difficult economic conditions, possibly triggered by a steep decline in employment or GDP.

The central bank’s digital currency could help the Fed distribute cash to those who need it. Image: Getty

But with such a system of “auto stabilizers” families would not have to wait for the political system to argue over ad hoc aid programs, nor would they suffer the costs and delays associated with our outdated payment system. The Fed could distribute funds directly to household-held digital wallets and / or use regulated digital payment providers to help consumers set up digital wallets and keep their CBDC in custody.

This would also promote financial inclusion. Digital wallets might be more accessible for those with no or limited bank accounts who fear the complexities and fees too often associated with checking accounts. Congress could authorize the Fed to provide budgets with initial “start-up money” as an incentive to start them up.

While payments would be limited to households, indirect benefits would accrue to businesses as they would provide emergency incomes for struggling families to pay rent, buy groceries, and other essential goods and services. By using a Fed-sponsored distributed ledger, the Fed could know the recipient’s identity and track the money to ensure it reaches the intended beneficiaries, providing strong anti-fraud controls.

What is important is that the Fed would no longer try to stimulate the economy by cutting interest rates to incentivize more borrowing. When people lose their jobs and their incomes, they don’t need more debt, they need cash to bridge them. The provision of cash could help wean our economy from using debt to sustain growth and hopefully lead to an eventual normalization of interest rates, ending the economic distortions caused by so many years of extremely low interest rates.

Banking industry advocates like the Bank Policy Institute argue against CBDC because they fear it would disrupt banking by withdrawing money from deposit accounts and into CBDC digital wallets. However, this should not pose a risk, especially if the CBDC amount per household was capped and spent exclusively on government emergency payments. Such a system could indeed prove beneficial to banks as it would reduce the risk of consumer default during severe economic crises. In addition, CBDC could be converted into traditional fiat currency and deposited into bank accounts at any time if the banks offer households sufficiently attractive terms. And, of course, corporations and other institutions would continue to need banks to hold their deposits and serve their needs.

Stablecoins can coexist with CBDC

Another argument that is used both for and against CBDC is that it is privately sponsored. would undermine Stablecoins – a form of cryptocurrency, the value of which is linked to and secured by fiat currency. Some fear that privately sponsored stablecoins could eventually displace central bank money. Therefore, they support CBDC to displace these private initiatives. For the same reason, supporters of private stablecoins argue against a CBDC in the USA

I support properly regulated private stablecoins. (Disclosure, I’m on the board of directors of Paxos, a regulated trust that has one.) But I also think they can coexist with CBDC, especially when the issuance of CBDC is limited to household emergency payments. Our payment system has always relied on a combination of private and Fed sponsored entities. There is no reason to believe that CBDC would kill responsible innovation among private stablecoin issuers. Indeed, parallel private sector efforts to develop stablecoins could help inform and complement the Fed’s use of this technology.

A final argument against CBDC as a monetary instrument is that it could increase the risk of inflation. Of course, the impact on consumer spending would be much more direct than the Fed’s current instruments. But that’s a strength, not a weakness. Given the higher efficiency of CBDC, smaller increases in the money supply would be required to stimulate consumer demand. And should consumer price inflation escalate, CBDC would offer the Fed an elegant solution: pay interest on CBDC to incentivize households to save rather than spend.

It is time to rethink how we use monetary policy to prop up our economy. Providing incentives to borrow with cheap money is inherently unstable. We can see the results: unprecedented levels of government and corporate debt, reckless speculation and valuations across a wide range of assets. We all hope (pray) that the acceleration in consumer price inflation will be temporary. But if the Fed is forced to hike rates to contain it, the impact on corporate and sovereign borrowing costs could be catastrophic, as could the negative impact on asset prices on financial stability.

It is difficult to see how we are going to get out of our current predicament. But it’s easy to see how, in the longer term, technology can provide us with an alternative to low interest rates that can lift our country out of this debt trap. If we want to print money to support our economy, we are printing it for the people. CBDC can show the way.

More from Sheila Bair:

Rising financial risks should make the Fed suspicious of any relaxation of the rules

Why Treasury Secretary Biden is Biden’s Most Important Cabinet Pick

Why federal student loans need new safeguards for debt collection

The danger that banks will artificially raise equity ratios

Low interest rates widen the gap between Main Street and Wall Street

Save workers, not shareholders

Kareena Kapoor Khan Aced Consolation With Fashion in Her Put up-Child Look In Informal Zebra Print Co-rds

Whether with ethnic silhouettes or a chic, comfy dress, Bollywood’s glamorous diva, Kareena Kapoor Khan has done it all and let’s just say she managed to turn her head almost every time. The phenomenal actress just gave birth to her second baby a few days ago, and now the stunner is back to doing what she does best – killing. There is literally no one in Bollywood who can wear the style as effortlessly as Kareena. Also read – Kareena Kapoor Khan’s newborn son is 1 month old, Saba shares his first picture with Saif Ali Khan

Spotted out on a date night with beast Amrita Arora, Kareena looked gorgeous like never before in her zebra print mates. Bebo wore a matching longline shirt with flared satin pants from H&M. Also read – Kareena Kapoor Khan “Can’t Stop Staring At Her Newborn Son”. Her new post is about embracing motherhood

A mother of two – Kareena’s fashion choice right now is about keeping it casual yet spunky. Hence, there is no denying that she is one of the most fashionable actresses that we have seen in Bollywood. As soon as her pictures were available online, her fans shared her pictures on social media and commented on how beautiful she looked just days after they were delivered. Also read – Taimur Ali Khan bakes human-shaped family cookies and adds the newborn brother’s cookie

To make the comfortable clothes look more chic, Kareena has the look with a black face mask from Louis Vuitton, a gray Dolce and Gabbana bag and strappy heels from Gucci.

Take a look at the breathtaking pictures here

(Courtesy Viral Bhayani)

(Courtesy Viral Bhayani)

Kareena Kapoor Khan comforts herself with style in her post-baby look in casual zebra print co-rds

(Courtesy Viral Bhayani)

Kareena Kapoor Khan comforts herself with style in her post-baby look in casual zebra print co-rds

(Courtesy Viral Bhayani)

Kareena Kapoor Khan comforts herself with style in her post-baby look in casual zebra print co-rds

(Courtesy Viral Bhayani)

The look seemed perfect for a breezy night in Mumbai and looked completely loose and comfortable enough to be comfortable for the new mom so that she could move around easily.

With Kareena wearing her mask, we couldn’t see anything but her beautiful eyes, which, as usual, were perfectly charred – her signature style. We absolutely loved Kareena’s stunning look. What about you?