In this modern world of supposed transparency in all things, it’s sometimes hard to see the correlation between seemingly random events. Butterfly wings in Africa and all that.
Occupy Wall Street
Paul Krugman weighed in, twice; MTV picked up the story after rapper Talib Kweli showed up. And now we have Nate Silver with a chart to explain it all. “In the early days of the protests, which began on Sept. 17, coverage was all but nonexistent in the mainstream news media,” writes Mr. Silver. “It has increased significantly in recent days, however, and is now beginning to rival that given to Tea Party protests in April and May 2009.” Even The Daily Show’s Jon Stewart picked up on our “from blackout to circus” meme.
After Paul Krugman said the anniversary of Sept. 11 was an “occasion for shame” yesterday, bloggers and pundits sprang to action, one accusing the New York Times columnist of being a “smug coward,” others asking if the “hack” should be fired.
It was a triple coronation today for the 2010 winners of the Nobel Prize in economics. Everyone, put your hands together for Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides, who won this year’s prize for their work on friction in markets.
Peter Diamond, a friend of 2008 Nobel winner and New Read More
Planes Trains & Automobiles
“It was a destructive and incredibly foolish decision on multiple levels,” writes New York Times columnist and eminent economist Paul Krugman in today’s paper. He was referring to Governor Chris Christie’s decision to put the kibosh on ARC, a tunnel that would burrow under the Hudson River, dramatically increasing train capacity between New York Read More
There’s been a lot of talk of late about the role a total war — with all its carnage, patriotic fervor and military production — would play in the resolution of America’s current economic troubles. Bearded Nobel laureate Paul Krugman said in a Sunday New York Times column that World War II provided the Read More
Bond fund manager Bill Gross, a man who does some of the country’s most influential financial thinking in darkened conference rooms, and while standing on his head doing yoga, has added his name to the list of smart people who are a bit panicked about deflation. The Journal reports that the head of Read More
For a long time now, Paul Krugman has been issuing constant warnings about deflation, that quiet evil twin of inflation. Today, right after Euro Pacific Capital told the world not to “lose sleep over deflation,” the Times reported that James Bullard, president of the St. Louis Federal Reserve Read More
“Life is such a fucking disaster,” a prominent New York hedge fund manager said recently. “We all live in some kind of world we create for ourselves. And I think that what happened is that built into that world were very enlarged expectations about what life was going to be. There’s been this Read More