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Category: Economy

For Bobby Jindal, April Was the Cruelest Month

by Stephanie Grace | May 1, 2013 | Economy, Politics

It’s become an article of faith in louisiana that Republican Gov. Bobby Jindal has his eye on a bigger prize. Jindal consistently, if winkingly, denies it. But in Baton Rouge, his national ambition is part of the landscape. That’s worked out fine for the one-time Rhodes Scholar and precocious policy whiz, who landed his first […]

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Mike Konczal: The Austerity of a Coding Error and Why the Reinhart-Rogoff Fiasco Matters

by Mike Konczal | Apr 26, 2013 | Economy

Editor’s Note: In April, the credibility of economic austerity, which has incited rioting in Europe, took a hit when a graduate student from the University of Massachusetts-Amherst found a coding error in a 2010 research paper published by Harvard professors Kenneth Rogoff and Carmen Reinhart. Since the 2010 release of that paper, which argued that […]

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Pascal Robert: Obama as Wall Street’s Manchurian Candidate

by Pascal Robert | Apr 17, 2013 | Economy, Politics

In 2006, Barack Obama, less than two years in Congress as a pure neophyte, was the only U.S. Senator to attend the first meeting of former Treasury Secretary Robert Rubin’s meeting of the Hamilton Project at the Brookings Institute. In the video above, Obama talks about the new economic order. Watch Obama heap praise on […]

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Doug Henwood: The Economic Consequences of Student Debt

by Doug Henwood | Apr 17, 2013 | Economy

The Federal Reserve Bank of New York is out this morning with new research (“Young Student Loan Borrowers Retreat from Housing and Auto Markets”) showing that student debt is not merely painful to those owing it, but has also become economically damaging. The debt burden is essentially neutralizing, or worse, the income advantage of having earned […]

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Lou Dubose: Why Some Conservatives Actually Support President Obama’s Budget

by Lou Dubose | Apr 10, 2013 | Economy, Politics

The annual Conservative Political Action Conference, held in mid-March, is four days of shrill, angry, conservative rants. Christopher Preble was this year’s exception. As senior defense analyst at the libertarian Cato Institute, Preble is a persistent critic of defense spending that consistently amounts to almost 5 percent of GDP. On the day the president releases […]

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