Showing archive for: “News & Social Media”
NYT’s Freudian Slip
I just wandered down to the local Panera Bread for lunch and picked up someone’s discarded copy of today’s New York Times. One of today’s editorials, F.T.C. Goes AWOL, claims that the Federal Trade Commission “clearly shares the ‘starve the regulators and coddle industry’ philosophy that has driven the Bush administration for seven years.” The ... NYT’s Freudian Slip
Economic Illiteracy of the Week Award Goes To …
Michael Kimmelman at the NY Times. Luke Froeb beat me to the punch of this one and has already got a post up, but this is too good not to share. The article is on book sales and book culture in Germany, the latter of which is:  sustained by an age-old practice requiring all bookstores, ... Economic Illiteracy of the Week Award Goes To …
The most embarrassing thing Joe Stiglitz ever wrote?
In case you haven’t already, I recommend taking a gander at today’s New York Time Book Review. In it, there is a review of Naomi Klein’s new book, The Shock Doctrine, by Nobel-winning economist, Joe Stiglitz. It’s an abomination (I’m sure the book is an abomination, too, but I’m referring to the book review). If ... The most embarrassing thing Joe Stiglitz ever wrote?
Businesses Clamoring for More Regulation — It’s Like Rain on Your Wedding Day.
Within the last few days, the nation’s two most prominent newspapers have reported an interesting trend: businesses are seeking more government regulation. On Sunday, the New York Times ran an article entitled In Turnaround, Industries Seek U.S. Regulation. Yesterday’s Wall Street Journal featured Food Makers Get Appetite for Regulation. Some might argue that this is ... Businesses Clamoring for More Regulation — It’s Like Rain on Your Wedding Day.
Media Consolidation and Antitrust
One of the more interesting parts of Senator Herbert Kohl’s recent Antitrust interview, in which he also discussed airline mergers, concerned antitrust’s treatment of media consolidation. Here’s what the Senator had to say: It’s such a very important issue, media consolidation, because it has the potential to reduce if not eliminate the opportunities people have ... Media Consolidation and Antitrust
The New York Times–shocker!–hates the University of Phoenix
Peter Klein at the always excellent Organizations & Markets Blog has a characteristically excellent post on the New York Times’ characteristically anti-market article on the University of Phoenix (and for-profit higher education). Lest there be any doubt that the article was meant to cast UOP in an unflattering light, check out the picture of UOP’s president, William ... The New York Times–shocker!–hates the University of Phoenix
Is There Really Less Securities Fraud? And If So, Should We Thank the Feds?
Securities fraud class-actions are down. In an op-ed in yesterday’s WSJ, Joseph Grundfest observed that both the number of such actions and the dollar value of total damages claims have dropped dramatically since mid-2005. Why has this decline occurred? Grundfest considers several possible reasons. First, the decline might be due to the criminal prosecution of ... Is There Really Less Securities Fraud? And If So, Should We Thank the Feds?
Who Has the Moral High Ground Here?
Life in the inner city can be hard. Jobs are scarce, prices are high, and transportation is difficult, making it hard to travel significant distances to work or shop. So when major retailers announce plans to enter the inner city, hire lots of employees, turn their neighborhoods into shopping destinations (thereby encouraging the creation of ... Who Has the Moral High Ground Here?
Another Antitrust Violation in the Making at the Ivies?
Harvard College is cutting its early admissions program. According to the New York Times, which is pleased with this move, Harvard’s purported reasons for cutting the program are as follows: It will make the system fairer because students from sophisticated backgrounds and affluent high schools are far more likely to apply for an early admission ... Another Antitrust Violation in the Making at the Ivies?
The NYT on SCOTUS’s Wetlands Decision
Yesterday, the U.S. Supreme Court issued a fractured decision in consolidated appeals raising the issue of which wetlands come within the ambit of the federal Clean Water Act (“CWA�). The wetlands at issue were next to drainage ditches that, when full of water, would eventually flow into navigable waters. The record did not establish whether ... The NYT on SCOTUS’s Wetlands Decision
Alternative Fuels: Let Markets, Not Government, Decide.
It’s a strange day when the New York Times advocates corporate tax breaks. It’s an even stranger day when I dissent from that recommendation. Well, today must be a strange day indeed, for they did, and I must. The upshot of today’s editorial, Let Them Go Green, is that the federal government should “throw its ... Alternative Fuels: Let Markets, Not Government, Decide.
NYT on Preserving the Purity of the Organic Club
The New York Times is worried about Wal-Mart’s plan to sell organic food. One would think that fans of organic would be happy about this development. It means that organic products will be available more cheaply at Wal-Mart, which is planning to sell organic products for just 10% more than conventionally grown food, and it’s ... NYT on Preserving the Purity of the Organic Club
