BUSINESS

Currency Values Are Not Determined by the Market When Central Banks Buy Currencies

February 13, 2013   ·   0 Comments

By Dean Baker: A NYT piece reported on concerns by the French government and others over the rising value of the euro. They were concerned that a higher ...

Millionaires Are–or Perhaps Aren’t–Leaving California

By Peter Hart: The early headline on a New York Times story by Adam Nagourney was, "Millionaires Consider Leaving California Over Taxes."

NYT and WAPO Can’t Find Out About Franken Amendment on Bond Rating Agencies

By Dean Baker: It’s so difficult when you run a major national newspaper to find out about the laws passed by Congress and signed by the ...

Paul Krugman Battles ‘Beltway Deficit Feedback Loop,’ And Not By Himself

By Jason Linkins: Paul Krugman is no stranger to going on teevee and encountering, well, people of an addled aspect – he’s done “Squawk Box”, after all! ...

Lazard Downgrades New York Times

By Bloomberg: New York Times shares fell yesterday the most in almost three months after Lazard Capital cut its recommendation for the stock to sell from ...

Suppose the Fed Wanted to Create More Inflation…Could They?

By Jared Bernstein: I’ve been meaning to comment on this interesting piece from yesterday’s NYT on how some would like to see the Federal Reserve do more then ...

Paul Krugman: Austerity Is Not the Answer

By Chris Mooney: There are few political commentators who excite such passion (whether admiration or, on the other end, rage) as New York Times columnist Paul Krugman. The ...

Pharmaceutical Companies Lead the Fight Against the Free Market

By Dean Baker: The NYT tells us that biotech firms want the government to prohibit pharmacists from giving patients generic substitutes for biological drugs. This is a great ...

The Financial Markets Agree With President Obama and Disagree with Paul Ryan

By Dean Baker: It probably would have been useful to remind readers that Representative Paul Ryan’s claim that country is facing a fiscal crisis is sharply ...

NYT Cleans Up Bank of America’s Books

By Dean Baker: The NYT told us that Bank of America made $5.7 billion from “trading” last year. It then added: “For the sake of clarity and consistency, it ...

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