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Survival School: A Response
In her July 16 TBM story "Survival School," Sara Behunek wrote that the founders of the e-commerce site Post Peak Living "believe the world has reached its peak in oil production and society will regress to the way it operated in the Colonial era." That assertion prompted the following response:
Wonk Watch 7.29.09
Neither the Washington Post nor Newsweek will be invited to Brad DeLong's sleepover party—nor are they allowed to sit at his lunch table or share a seat on the bus during the next field trip.
Wonk Watch 7.28.09
Brad DeLong continued his recent foray into media criticism with a post dedicated to Michael Massing from the New York Review of Books. Massing's critique of Salon blogger Glenn Greenwald raises DeLong's hackles (hackles that are, in all fairness, oft-raised by the traditional media establishment). At one turn, said DeLong, Massing seems to praise Greenwald for his bold refusal to be balanced.
Ryanair Is the Sad Clown of Airlines
Ryanair saw its shares drop 13 percent yesterday, after it announced that it yearly profits will likely be lower than hoped. In fact, the discount Irish airline saw a three-month net income 20 million euros below what was anticipated.
Wonk Watch 7.27.09
Brad DeLong has posted several excerpts—ranging from Nikola Tesla's 1919 "My Inventions" to Paul Krugman's post on the Blue Dogs and health care.
Wonk Watch 7.24.09
Brad DeLong provided a lengthy post justifying three key opinions: Another, bigger stimulus is good; we should implement "a standby tax increase"; and three, we need to participate in "devout and lengthy prayers that confidence in the dollar doesn't collapse." DeLong framed this discussion by debating the stance held by fellow University of California-Berkeley professor Barry
Word of the Week
Much as the term bellwether indicates a marker of future trends, a bellwether stock is one that is roundly believed to predict market trends.
Parents Television Council: It Ain't Me
Because I recently berated Hardee's for its terrible, offensive TV ads, the Parents Television Council apparently thought that perhaps I would make a good ally. I wouldn't, not by a longshot.
Wonk Watch 7.22.09
Brad DeLong responded to Jonathan Cohn's post on health care reform in the New Republic's online edition. The Congressional Budget Office "assumes the worst," according to Cohn, in its estimation of "the impact of efficiency changes to health care." In other words, the CBO doesn't see many ways that we can lower overhead costs on health care.
Wonk Watch 7.21.09
Brad DeLong posted his daily links, but, as of 4 p.m. today, that was about it.
Wonk Watch 7.17.09
Brad DeLong made the bold suggestion that it's "not yet time to worry about the long-term fiscal outlook" in the United States. We still have two years to start concerning ourselves with sustainability of the U.S. budget, DeLonghe said. To freak out early, he argued, "paralyzes needed action without paying any dividends." Shouting fire in a movie theater has never been my forte, but, if it's all the same to DeLong, I'm going to go ahead and keep panicking anyway.
Word of the Week
The AAA distinction is the highest bond credit rating handed out by three of the largest ratings agencies: Standard & Poor's, Fitch Ratings, and Moody's Investors Service (which displays the rating as Aaa, rather than AAA).
Why Crocs Are Perfect
John Duerden, the CEO of Crocs (CROX), must have been peeved to see the front page of the Washington Post's business section yesterday led by this story: "Once-Trendy Crocs Could Be On Last Legs." The article foreshadowed doom for the company known for making rainbow-colored footwear:
Wal-Mart: Scoop or No Scoop?
An editor at the Albany Times Union has publicly taken me to task for claiming that Marc Gunther's story about Wal-Mart's planned sustainability index is a "scoop." Casey Seiler points me (and readers of Romenesko) to a front-page story that the Times Union ran back in April and seems to think that: a) there is substant
Wonk Watch: 7.16.09
Brad DeLong posted an item today confronting one of life's greatest frustrations: interpreting statistics from the Labor Department. The figure in question is the number of U.S. workers who filed new jobless claims last week. The number is low—if you can call the seasonally adjusted figure 522,000 low—enough. In fact, it's the smallest number of new unemployment claims since January. Great news, right? Well, not so fast.
Microsoft Has an Ad That Works
CNET reports on an anecdote from a Microsoft (MSFT) executive who says that Apple (AAPL) has demanded that Microsoft pull an ad in which a shopper looks at some Macs and says that you can't get one for less than $1,000. Microsoft takes credit for getting Apple to drop its prices and says gleefully that it'll keep running versions of the "Laptop Hunters" commercial.
Wonk Watch 7.15.09
Brad DeLong posted some industrial production figures straight from the Fed itself. And ... yeah, it's bad.
Wonk Watch 7.14.09
In lieu of opining on the economy, Brad DeLong continues his vigilant campaign for a quality media. He lambastes the Washington Post for publishing an editorial by Sarah Palin and warns Ezra Klein not to criticize her too harshly, lest he be sent packing like former columnist Dan Froomkin.
Mainstream Media Mum on Wal-Mart Scoop
TBM is very proud today to have published Marc Gunther's scoop about Wal-Mart's plans to develop a "sustainability index," which will measure the environmental impact of everything the retail giant sells. It's a move that could well shape the future of retail, not just in this country but through much of the developed world and, as Gunther points out, it raises some provocative questions about Wal-Mart's (WMT) role as a kind of pseudo-regulator.
Wonk Watch 7.13.09
Readers beware. Brad DeLong delivers a comparative analysis of competing models for measuring the impact of fiscal policy (read: the stimulus package). DeLong seems to liberally apply algebra, abbreviations, and indecipherably wonkish phrases to repeat his case that the stimulus isn't having much of an effect: "I don't think we have big expectations of deflation right now.
Wonk Watch 7.10.09
Brad DeLong made a pithy observation about work force retention and productivity during the recession. While employers have cut their staff numbers, productivity has in fact gone up. "It is really beginning to look as though businesses take recessions as opportunities to greatly slim down their workforces without making the workers they retain too angry and depressed," DeLong wrote.
Word of the Week
This week the word(s) on everyone's lips were second stimulus. As the recession drags on, financial experts have floated the idea of a follow-up funding package (although, as this WSJ article points out, this proposal would be the third stimulus package since the crisis began). Heated debate has ensued. Predictably, the GOP has been unenthused.
We're Trying To Be Less Evil. Really.
In my story about Swoopo.com earlier this week, I wrote that August Capital, the Silicon Valley venture capital firm that's invested in the auction site, should be ashamed of themselves for getting involved with this kind of company. Well, that got their attention.
Recent The Sausage Posts
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Chadwick MatlinNovember 20, 2009
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Matthew McKnightNovember 20, 2009
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Caitlin McDevittNovember 20, 2009
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TBM StaffNovember 19, 2009
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Chadwick MatlinNovember 18, 2009
