The Undercover Economist:
Nobody has done more to damage relations between the joyous commercial festival that is Christmas and the economics profession than Joel Waldfogel. Long-term readers of this column will be well aware of Professor Waldfogel’s research paper, “The Deadweight Loss of Christmas”. Ever since it was published in 1993 it has been (Read More)
New York Times:
The central bank upgraded its economic assessment, setting itself up for a confrontation with a government pressing for a policy response to deflation.
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Grasping Reality with Both Hands: The Semi-Daily Journal Economist Brad DeLong:
Three points to serve as background:First of all, from the day after the collapse of Lehman Brothers, the policies followed by the U.S. Treasury and the U.S. Federal Reserve and the U.S. administrations have been very helpful. They have been good ones. The alternative--standing back and watching the markets deal with the si (Read More)
Grasping Reality with Both Hands: The Semi-Daily Journal Economist Brad DeLong:
Paul Krugman reads the tea leaves in what looks like the best piece of economic analysis I have read this month. When we do the things we do well, this is the kind of thing we do: Interest rates: the phantom menace: From various bat squeaks I’ve put together a view of what I think lies behind the surprising — and damaging (Read More)
New York Times:
Since 1998, the dollar’s weakness has been a major contributor to the United States stock market’s fall from global grace.
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New York Times:
Even as the British economy seems to be improving, some analysts worry that its underlying structural flaws could mean the country won’t be able to sustain its recovery.
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New York Times:
A variety of economists say that economic stimulus legislation is helping an economy in free fall a year ago to grow again and shed fewer jobs than it otherwise would.
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Wall Street Journal:
By Louise RadnofskyWashington Wire loves presidential proclamations, in which the commander-in-chief “by virtue of the authority vested in me by the Constitution and the laws of the United States” declares a given time for a national celebration of causes often obscure or vague.This Friday, we note the just-passed National (Read More)
The Huffington Post | Full News Feed:
One of the loudest populist voices in the Democratic Caucus predicted on Thursday that the party may have to forcefully challenge the White House on economic matters if it wanted to hold on to power in the 2010 elections.One day after calling on Treasury Secretary Timothy Geithner to resign, Rep. Peter DeFazio (D-Ore.) told (Read More)
The Huffington Post | Full News Feed:
President Barack Obama's job approval rating has fallen to 49% in today's Gallup poll -- the first time his approval has dipped below 50% and a sharp decline from the 69% approval rating Gallup recorded when Obama entered office:The ongoing, contentious debate over national healthcare reform has likely served as a drag on h (Read More)
The Mess That Greenspan Made:
After just spotting the headline of this WSJ story and then reading the first paragraph or two, it seemed a sure target for ridicule, particularly since that's what is done around here most of the time. But, after reading the whole report, that view had to be reconsidered.Chávez Discounts Accuracy of GDPPresident Hugo Cháve (Read More)
Huffington Post:
The ideal metaphor for the new reality of U.S.-China relations: The U.S. Embassy has been straining, in vain, to get the Chinese government to change the official Chinese transliteration of Obama, from 奥巴马 to 欧巴马 -- basically, from Ao Ba Ma to Ou Ba Ma. As is often the case when China incorporates a foreign word into Chines (Read More)
The Huffington Post | Full News Feed:
With the Senate poised to cast historic votes on health care legislation, a host of activist groups, labor unions, and even the White House itself launched their closing arguments to ensure passage. On Friday, five different groups released polling numbers, television advertisements, robocalls and fact-checking data in an e (Read More)