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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: free markets

free markets stories: 20 news summaries

 Bush Warns 
 of 'Too Much' 
 Government 

But he doesn't mention Obama by name

Nov 13, 09 8:05 AM CST
(Newser) - George Bush has promised to steer clear of criticizing his successor's policies, but he seemed to come awfully close yesterday during a speech at SMU. "As the world recovers, we will face a temptation to replace the risk-and-reward model of the private sector with the blunt instruments of government... More »

MORE ABOUT:
free markets • Southern Methodist University • George W. Bush • former presidents • Wall Street bailout

OPINION

Obama, Dems Are Free Market Crusaders

Wall Street, health industry are the ones opposed to competition

Oct 21, 09 11:01 AM CDT
(Newser) - The champions of the free market are on the march, but it's not who you think. It’s the Democrats who want to put health insurance on open exchanges where consumers can easily compare them, with a public option to inject competition into an “oligopolistic market,” points out... More »

MORE ABOUT:
derivatives market • health care reform • free markets • bank regulation • health insurance exchange • Harold Meyerson

OPINION

Pope Has
Best Take on Financial Crisis

Goldman exec touts Benedict's 6-point plan for global economy

Jul 13, 09 10:13 AM CDT
(Newser) - All of Pope Benedict XVI's gaffes and controversies have obscured his principal appeal, writes Brian Griffiths in the Times of London: he's a scholar, with an uncommon command of theology and philosophy. For Griffiths, a vice-chairman of Goldman Sachs, the pope's recent encyclical on the economy is "without... More »

MORE ABOUT:
ethics • Pope Benedict XVI • Catholic Church • Goldman Sachs • capitalism • Catholicism • encyclical • free markets • financial crisis

OPINION

 The Real Deal on 
 10 Lies About Obama 


Jun 16, 09 2:45 PM CDT
(Newser) - Opponents are saying a lot of things about President Obama that just aren’t true. Mark Halperin clears up the record in Time. Obama ...
  • has Israeli security interests at heart.
  • is not blind to the costs of a revamped health care system.
  • "is not captive
... More »

MORE ABOUT:
Congress • Israel • list • Mark Halperin • free markets • conservatives • Obama administration • Election 2012 • President Obama

OPINION

The US Needs Its Own Perestroika: Gorbachev

Global financial crisis calls for economic restructuring

Jun 7, 09 9:13 AM CDT
(Newser) - Mikhail Gorbachev has been saying for years that the US needed change, and for the first time, he writes in the Washington Post, people have been meeting him with applause rather than skepticism. America needs a perestroika—a restructuring—because, like Russia in the 1980s, it can no longer... More »

MORE ABOUT:
Mikhail Gorbachev • perestroika • free markets • financial crisis

OPINION

Banks Have Gotten a Bum Rap: BofA Chief Ken Lewis

The steps already taken are working, so let the market sort it out

Mar 9, 09 8:57 AM CDT
(Newser) - Banks have been unfairly tarred by misconceptions about the current financial crisis, Bank of America CEO Kenneth Lewis argues in the Wall Street Journal. It's not true that banks aren't lending, he writes. They are just doing so more responsibly, as they should. And it's not true that bad banks... More »

MORE ABOUT:
Bank of America • nationalization • mortgage loans • free markets • Kenneth Lewis • banks • financial crisis • TARP

analysis

Earth to GOP: Obama's
No Socialist 

Obama favors free-market approach

Mar 8, 09 6:12 PM CDT
(Newser) - Horrified by President Obama's stimulus plan, conservatives are calling him a European-style socialist—when in fact he's all-American, Jacob Weisberg writes in Newsweek. Obama envisions “cradle-to-grave opportunity, as opposed to the European model of cradle-to-grave security,” writes Weisberg, who explains that Obama’s plans to tackle hot issues... More »

MORE ABOUT:
climate change • education • health care • Barack Obama • Europe • socialism • free markets • financial crisis • Bill Maher Grid

ANALYSIS

Free Market Rings Up 4B
Cell Phones Worldwide

6 in 10 connected, thanks to private biz

Mar 3, 09 2:37 AM CST
(Newser) - The global explosion in cell phone use is a timely reminder of what free markets can achieve, David A. Gross writes in the Christian Science Monitor. There are now more than 4 billion mobile connections worldwide, two-thirds of them in developing countries, according to a new UN report. This leap... More »

MORE ABOUT:
cell phones • globalization • communication • telecommunications • cell phone industry • free markets • mobile phones

OPINION

Crisis Turns Econ Theory
on Its Ear:

Models, and pols, don't account for biases, insecurities: Brooks

Jan 16, 09 1:03 PM CST
(Newser) - Classical economics is based on the idea that “reason rides the passions the way a rider sits atop a horse,” David Brooks writes in the New York Times—which means classical economics is pretty much out the window right now. The recession proves the market is a psychological... More »

MORE ABOUT:
investors • economics • psychology • free markets • consumer psychology • economy • financial crisis

OPINION

Bush's Failures Show the Need for Pragmatic Prez

Like Hoover, Dubya stuck to his principles rather than compromise

Jan 14, 09 4:06 PM CST
(Newser) - What exactly made George W. Bush such a terrible president? His unwavering commitment to his principles, Alan Brinkley argues in the New Republic. Most Americans favor idealists over realists, in theory, so the criticism might seem strange. But the presidents we remember for their lofty goals and convictions—such as... More »

MORE ABOUT:
depression • pragmatism • Abraham Lincoln • Franklin D. Roosevelt • free markets • George W. Bush • Herbert Hoover • idealism

OPINION

Bailouts a Fling for Nation Married to Free Market

Bailouts not a betrayal of free market ethos, really

Dec 20, 08 10:33 AM CST
(Newser) - Washington's bailout of the auto industry would normally "be a turning point in the history of American Capitalism,” writes Steven Pearlstein of the Washington Post. Now it’s business as usual in “Bailout Nation.” That doesn’t mean the US has abandoned its free market... More »

MORE ABOUT:
socialism • capitalism • auto industry • free markets • bailout • auto bailout

Poll: Americans Back Economic Intervention

A growing majority blames financial crisis on deregulation

Dec 11, 08 6:14 AM CST
(Newser) - A clear majority of Americans approve of Washington taking firm steps to intervene in the nation's struggling economy, a Los Angeles Times poll finds. Two-thirds favor tighter restrictions on financial institutions and 60% back help for homeowners facing foreclosure. A huge 87% blamed deregulation for the economic crisis—up 25% ... More »

MORE ABOUT:
foreclosure • US government • US economy • financial institutions • free markets • bailout • deregulation • financial crisis

ANALYSIS

Ex-Sen. Gramm Sticks to
His Guns on Deregulation

Republican touts benefits of subprime loans, credit-default swaps as critics cry foul

Nov 17, 08 10:29 AM CST
(Newser) - While some experts argue his work contributed to the economic meltdown, former senator Phil Gramm stands by his efforts to deregulate the lending and financial sectors, the New York Times reports. “There is this idea afloat that if you had more regulation you would have fewer mistakes,” Gramm... More »

MORE ABOUT:
Congress • Senate • free markets • economy • Phil Gramm • deregulation • financial crisis

GLOSSIES

 Euros See
 the End of American
 Dominance 

After Bush, the arrogance of the United States is no more

Oct 1, 08 1:06 PM CDT
(Newser) - When President Bush delivered his final address to the UN last week—harping on terrorism but barely bothering to mention the crisis in the global economy—world leaders in attendance buzzed about the disconnect, along with the disheveled hair and ill-fitting suit that seemed to mark him as a finished... More »

MORE ABOUT:
United States • UN General Assembly • free markets • bailout • George W. Bush • financial crisis • hegemony

OPINION

 US Dominance Is Dead 

'Power is leaking from the US at an accelerating rate,' Guardian says

Sep 28, 08 11:38 AM CDT
(Newser) - After decades of a scolding countries for irresponsible behavior, Uncle Sam has finally had his comeuppance, John Gray opines in the Guardian, concluding that “The era of American global leadership is over." Unable to silence Hugo Chavez, thwart Russian aggression in Georgia, appreciate Chinese fiscal practices, and... More »

MORE ABOUT:
China • United States • capitalism • Cold War • free markets • bailout • financial crisis

OPINION

Hard-Core Supply-Sider:
I'm Voting for the Democrat

Former Chamber of Commerce honcho has had enough foreign policy disaster

Jul 17, 08 7:45 PM CDT
(Newser) - Being a Reagan, Gingrich and Dole soldier won’t stop former Chamber of Commerce honcho Larry Hunter from voting for Barack Obama this fall, he writes in the New York Daily News. It doesn’t matter that he wholly disagrees with the Dem on every point of domestic policy; the... More »

MORE ABOUT:
Barack Obama • John McCain • Newt Gingrich • Ronald Reagan • Bob Dole • civil liberties • free markets • Iraq war

ANALYSIS

 US Smacked by
 the Invisible Hand 

Americans are moving away from faith in free market

Jul 16, 08 2:12 PM CDT
(Newser) - Are we losing confidence in market mechanisms? Years of unfettered free markets contributed to the current gloomy economic situation, and even the market-championing White House has lurched into government regulation of the financial world, the Los Angeles Times reports. With housing prices falling and oil prices rising, “the message... More »

MORE ABOUT:
housing market • regulation • oil price • free markets • economy • bank regulation • speculators • oil prices

ANALYSIS

Fannie/Freddie Troubles Signal Sea Change in Gov't Role

Feds now effectively the only lender in town

Jul 14, 08 6:54 AM CDT
(Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times—once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of... More »

MORE ABOUT:
subprime mortgages • Alan Greenspan • credit crisis • regulation • loan • free markets • economy • government backing • financial crisis

Stamp Price to Hit 42 Cents on Monday

First hike under a new law makes USPS more 'business-like'

May 10, 08 2:17 PM CDT
(Newser) - There’s a run on the post office today as Americans snap up first class stamps before they cost a penny more on Monday, the Los Angeles Times reports. If the 42-cent price seems insignificant, just think of Netflix, which sends and receives nearly 2 million parcels a day,... More »

MORE ABOUT:
mail • price increases • USPS • free markets • stamps • forever stamp

Mexican Prez Predicts Friendlier US

Foresees better times
for immigrants under new administration

Feb 8, 08 3:03 AM CST
(Newser) - Mexican President Felipe Calderon expects the next US administration to bring a “broader and more comprehensive view” to immigration, providing immigrants a path to legalization, he told the Los Angeles Times. For Calderon, Super Tuesday was heartening. “The most radical and anti-immigrant candidates have been left behind,”... More »

MORE ABOUT:
Super Tuesday • Mexico • immigration reform • Felipe Calderon • NAFTA • free markets

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