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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: economist

economist stories: 24 news summaries

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OPINION

Fed Has Field of Economics in Its Pocket

Central bank keeps vast number of thinkers on the payroll

Sep 9, 09 3:09 PM CDT
(Newser) - The Federal Reserve has essentially bought out the economics profession, writes Ryan Grim in a Huffington Post investigation. The Fed employs or contracts with so many economists that it's a "career liability" for any independent-minded one to criticize policy, writes Grim. This might explain why the Fed has largely... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • economics • economist • economists

Krugman Spat With Professor Explodes Online

Sniping turns to race when Ferguson calls Obama Felix the Cat 

Aug 24, 09 7:32 AM CDT
(Newser) - Niall Ferguson picked the wrong Nobel-winning economist to mess with. The Scottish historian, who teaches at Harvard, has been caught up in a high-profile academic feud with New York Times columnist Paul Krugman, who has called him a "poseur" and a "whiner" in recent blog posts. Ferguson hit... More »

MORE ABOUT:
racism • feud • economist • historian • Paul Krugman • academics • Niall Ferguson

(Newser) - Ben Stein has been booted from his job as a New York Times columnist for shilling for an online credit report service, Gawker reports. Stein touts the value of FreeScore.com in television commercials, but the Times’ ethics policy states “it is an inherent conflict for... More »

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Internet • New York Times • economist • columnists • Ben Stein • newspaper editorials • journalistic ethics • credit score

Economy Is
on an Upswing,
Says Dr. Doom

Roubini predicts end to recession, sends markets jumping

Jul 17, 09 6:31 AM CDT
(Newser) - The financial crisis is over and the worst of the recession is behind us, writes Nouriel Roubini, the extremely pessimistic economist who was among the few who predicted the scale of the downturn. "The light at the end of the tunnel is for once not an incoming train,"... More »

MORE ABOUT:
stock market • recession • economist • economic stimulus package • financial crisis • Nouriel Roubini

'F@$%! I Wish I'd Refinanced My House'

With mortgage rates rising, homeowners regret not acting sooner

May 31, 09 2:02 PM CDT
(Newser) - Many homeowners are kicking themselves for not refinancing sooner now that mortgage rates are climbing, ABC News reports. “I was going to save $325 a month, and that covers all kind of things, from gas to groceries,” lamented one. “$325 is a lot of money.” And... More »

MORE ABOUT:
housing market • Federal Reserve • economist • mortgage rates • homeowners • refinanced mortgages

(Newser) - If economists are right, the worst is over for the US economy. In a survey released today by the National Association for Business Economics, 74% of economists said the recession would end in the third quarter. But the coming recovery won’t be a strong one, they warned. Job losses... More »

MORE ABOUT:
recession • consumer spending • economist • GDP • National Association for Business Economics • financial crisis

OPINION

Wanted: Female Bloggers Not Afraid of Math

Feminists focus on fluffy recession news, hurt women's cause

May 26, 09 5:47 PM CDT
(Newser) - What movies do broke people watch? How do lipstick sales reflect a limping economy? A review of women's blogs shows a dangerous emphasis on "recession lite," writes Linda Hirshman for DoubleX. What women need is someone willing to do the math and go to bat against the men... More »

MORE ABOUT:
feminism • layoffs • women • unemployment • economist • economic stimulus package

(Newser) - Our long national nightmare could soon be over: Top economic forecasters expect the recession to end by the second half of this year, Reuters reports. In a new survey, experts predict the GDP will shrink by 2.8% this year but edge up 1.9% in 2010. Even so, economists... More »

MORE ABOUT:
growth • recession • unemployment • economist • GDP • economy

Krugman Emerges as 'Voice of Loyal Opposition'

Newsweek sees lefty economist as top critic

Mar 28, 09 2:06 PM CDT
(Newser) - Monday’s issue of Newsweek will have a pretty striking cover story. The headline “OBAMA IS WRONG: The Loyal Opposition of Paul Krugman,” will be plastered over a close-up of the Nobel Prize-winning economist, reports Politico. "Every once in a while," writes Newsweek editor Jon Meacham,... More »

MORE ABOUT:
Barack Obama • Newsweek • Financial Times • economist • Paul Krugman

 Economists 
 Rate Obama, 
 Geithner: 'F' 

Obama, Geithner score poorly in survey; Bernanke does better

Mar 12, 09 8:19 AM CDT
(Newser) - Barack Obama retains high approval ratings with the public, but a panel of economists had a far more negative view, reports the Wall Street Journal. A majority of 49 economists polled said they were dissatisfied with the president's economic policies. Asked to score his tenure out of 100, economists gave... More »

MORE ABOUT:
Barack Obama • Ben Bernanke • economist • approval ratings • Obama administration • financial crisis • Timothy Geithner

(Newser) - These days, $787 billion just doesn't go as far as it used to. A meeting of House Democratic leaders and their economic advisers today has raised the prospect of a second stimulus package, the Hill reports. “We have to keep the door open,” Nancy Pelosi said after the... More »

MORE ABOUT:
Nancy Pelosi • Congress • recession • economist • George Miller • House Democrats • economic stimulus package • Steering and Policy Committee

OPINION

We May Need a Bigger Stimulus, Say Analysts


Mar 7, 09 12:35 PM CST
(Newser) - The lousy unemployment numbers released this week—and they're bound to get worse before they get better—cast the effectiveness of the Obama administration’s fiscal plans into doubt, analysts say. The stimulus package intended to “save or create” 3.5 million jobs now has to keep up with... More »

MORE ABOUT:
recession • unemployment • economist • economic stimulus package • Obama administration • President Obama

OPINION

 No, It's a Terrific Time to Panic 

Market prognosticators don't know what they're talking about

Mar 6, 09 12:22 PM CST
(Newser) - When the Dow plunged 300 points Monday, one money manager called it “the best buying opportunity we’ve seen in years.” Joe Queenan isn’t so sure. “The best buying opportunity in years is now 14 months old,” he writes in the Los Angeles Times. As... More »

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investing • stock market • Dow Jones • economist • securities analyst • analyst guidance • financial crisis

(Newser) - If Barack Obama is lucky, and the predictions of most economists indicate he will be, the US economy will emerge from recession long before the populace expects it to, Nate Silver writes on FiveThirtyEight. And “it will be quite some time yet before the public pins most of the... More »

MORE ABOUT:
recession • economist • survey • approval ratings • opinion polls • Obama administration • financial crisis • Nate Silver • President Obama

Russia's Money Troubles Divide Putin, Medvedev

Men tied to opposing economic factions

Mar 3, 09 12:28 PM CST
(Newser) - The financial crisis in Russia is driving a wedge between Vladimir Putin and his protegé, the president he handed off his office to, the Guardian reports. Dmitry Medvedev has sided with liberal economists in the crisis, while Putin is torn between his personal ties to the economists and his long... More »

MORE ABOUT:
Russia • security • Vladimir Putin • economist • Dmitry Medvedev • economy

interview

Doctor Doom Says It's Time
to Nationalize

Temporary takeover
isn't 'Bolshevik'—it's
the only option

Feb 21, 09 9:25 AM CST
(Newser) - Nouriel Roubini thinks it will soon be time to nationalize the banks, and these days people listen to Nouriel Roubini. For years the NYU economist has been predicting financial catastrophe, earning the nickname “Doctor Doom,” so he’s now looking pretty prescient. “No one’s in favor... More »

MORE ABOUT:
nationalization • economist • banking industry • Nouriel Roubini

ANALYSIS

The Economic 
Crisis Taints Us 
All: Galbraith 

Economist calls the meltdown a 'blot' on
the profession

Nov 2, 08 3:19 PM CST
(Newser) - The economic bust has taken a hammer to the profession of economics, Reagan's monetary policy, and the careers of President Bush, Alan Greenspan, and Henry Paulson, James Galbraith tells the New York Times. In an interview with Deborah Solomon, the economist chides his colleagues for failing to call the meltdown,... More »

MORE ABOUT:
Dick Cheney • economics • Henry Paulson • Alan Greenspan • Ronald Reagan • economist • regulation • George W. Bush • James K Galbraith

OPINION

 Our Economic Cure? Innovation 

Innovation, and making it more efficient, can turn gray skies blue

Sep 14, 08 1:37 PM CDT
(Newser) - Democrats and Republicans do have something in common: Both parties are wrong on how to resuscitate the flat-lining US economy, Michael Mandel argues in BusinessWeek. Tax cuts or increased government spending aren’t the cure. “Innovation is the best—and maybe the only—way the US can get out... More »

MORE ABOUT:
China • Democrats • Republican • India • trade • biotechnology • innovation • economist • nanotechnology • US productivity • tax cuts • research and development • information technology • foreign oil

ANALYSIS

Economists 'Endorsing'
Mac Plan Didn't See Fine Print

Of 300 signed on to support jobs plan, many tepid, or worse, on his overall agenda

Jul 9, 08 3:37 PM CDT
(Newser) - On Monday, John McCain's campaign released a pledge of support for the candidate’s “Jobs for America” plan signed by 300 economists. But, Politico found in interviews with a sample of the signatories, many didn’t actually support many of the policy prescriptions in the Republican's plan—and one... More »

MORE ABOUT:
John McCain • Republican • growth • economist • campaign • economic plans • economy

Labor Blasts Obama's Top Economist

Unions worry that candidate is tilting toward Wall Street

Jun 12, 08 7:37 AM CDT
(Newser) - After locking up the Democratic nomination, Barack Obama moved quickly to bring Clinton supporters into his general election tent, including Robert Rubin, President Clinton's treasury secretary. Jason Furman, an economist closely associated with Rubin, was hired as economic policy director, and that's provoked the ire of labor unions, who see... More »

MORE ABOUT:
Barack Obama • economics • labor • economist • AFL CIO • labor unions • Robert Rubin • Jason Furman • John Sweeney

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