The U.S. territory of Puerto Rico owes more than $70 billion—about $19,729.43 per resident—in debt to creditors and investors. First to note the territory’s fiscal problems were the credit rating agencies, which downgraded the territory’s bond status to “speculative,” the first of three steps along the junk-bond path to loan default.
Tagged: new york times
As I‘ve noted before, picking on The New York Times is so easy that I really should stop doing it, but sometimes it just has to be done. Especially when the author is Paul Krugman, the man whose so-called Nobel Prize in Economics apparently makes him an expert on all things political, in particular the Republican Party. Take Krugman’s Friday, August 7, 2015, column (please!).
Quite remarkably, for the second time in a week, The New York Times has shown some economic sense. Let me repeat that, with some emphasis added: For the second time in a week, The New York Times has shown some economic sense.
The proposed wage New York State wage increase, limited to fast food restaurants with thirty or more locations, “doesn’t do much to raise incomes for workers who don’t work at fast-food chains,” the Times helpfully points out, “[a]nd it imposes higher costs on some businesses than others; in this case, much higher, because fast-food chains will be required to pay about $6 an hour more than their nonchain competitors.” Good points, both.
Entitled “Democrats Wage a National Fight Over Voter Rules,” the Times column was subtitled “G.O.P. Sees Lawsuits on IDs and Access as a Campaign Ploy” and featured, above the fold, a gleefully-smiling Hillary Clinton looking her best in a blue suit with her hands clasped in front of her almost in prayer.
In recent weeks, Dr. Wei-Hock Soon, a distinguished solar astrophysicist, coauthored with Christopher Monckton, Matt Briggs, and David Legates an important work of original scholarship in the Science Bulletin (previously titled Chinese Science Bulletin), a publication of the Chinese Academy of Sciences.
The idea that the causes of climate change are now just as well established as gravity or the non-flatness of the Earth (or that ulcers are caused by too much stress and spicy food, too?) is so ridiculous that only young school children could be indoctrinated with such silly tripe.
The New York Times has added more fuel to the anti-tobacco-harm-reduction fire with a December 4 editorial (here) rehashing the somewhat slanted reporting that appeared in the paper’s news pages on November 30. In two stories that day, the Times explored issues surrounding Swedish Match’s FDA application to change the warnings on its snus products. As I noted (here), “The Times and their quoted experts did a major disservice to their audience; they failed to report the simple truth, that mouth cancer risk for Swedish snus is next to nil.”
The New York Times has published (here) a reasonably accurate portrayal of the Swedish snus experience that I have chronicled for over a decade (here, here, andhere). Reporters Matt Richtel and David Jolly examined Swedish Match’s FDA application to remove the federally mandated mouth cancer and not-safe-alternative warnings from snus products. I have discussed this landmark filing previously (here).
For as Blow then recounts, Obama’s 2013 response to Republicans was: “You don’t like a particular policy or a particular president? Then argue for your position. Go out there and win an election.” Which Republicans, of course, promptly did, in both 2010 and 2014.
Writing in The New York Times on Monday, November 3, 2014, from Durham, North Carolina, Professor David Schanzer and his student Jay Sullivan suggest that, by U.S. Constitutional amendment, the country should eliminate midterm elections. Instead, they suggest, Congressional representatives and Senators alike should hold four- or eight-year terms coincident with the President’s and be elected only when American voters also elect a U. S. President.
The September 24, 2014 New York Times (NYT) had an article by reporter Gail Collins “Florida Goes Down the Drain—The Politics of Climate Change”. A more inflammatory title for the same article appeared in the September 27, 2014, The Atlanta Journal-Constitution as “Florida soggier as GOP ignores climate change”. Reading the articles shows the obvious intent to inject climate change into the November Florida elections—in particular the Governor’s race between incumbent Republican Governor Rick Scott and Democrat candidate Charles Crist. Ms. Collins portrays Governor Scott as uninformed about climate change issues with regard to sea level rise.
Attention, MSM climate reporters: Not only do you not understand the climate, you don’t understand how or why you do not understand the climate. That’s just one reason why you need to respect scientists such as climate “skeptic” John Christy, who at least has the humility to understand that. Confused? Then read on.
Did Janet Yellen,
(1) see any problem in the housing bubble,
(2) anticipate the bursting of the housing bubble; and,
(3) anticipate its implications for the U.S. economy?
The answers are (1) no, (2) no, and (3) no.