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Is Keynesian Economics Prohibited In NYT Discussions of the ECB?Dean Baker / October 30, 2011
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Pearlstein on the Economic Policy Institute's 25th AnniversaryDean Baker / October 30, 2011
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NYT Public Editor on Conflicts of Interest Among NYT WritersDean Baker / October 30, 2011
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Washington Post Discards All Journalistic Standards In Attack on Social SecurityDean Baker / October 30, 2011
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When it Comes to Economic Growth, the Financial Times Doesn't Know Which Way Is UpDean Baker / October 29, 2011
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A Declining Portion of Union Members are Young because ……. a declining share of workers are youngDean Baker / October 29, 2011
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Labor Market Policy Research Reports, Oct. 17 – 28, 2011CEPR and / October 28, 2011
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Aportar transparencia a Wall StreetDean Baker / October 28, 2011
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#OWS: Who Supports the Movement?Last week, a report was released examining the support for the #OWS movement. The report, “Mainstream Support for a Mainstream Movement” by Héctor R. Cordero-Guzmán Ph.D, analyzes data gathered from an anonymous survey posted October 5th on occupywallst.org, concluding that those involved in the #OWS movement are representative of the 99 percent. To see how Cordero-Guzmán’s 99 percent compares with the U.S. 100 percent, I decided to compare the results with nationally representative data from the American Community Survey (ACS) and Current Population Survey (CPS).
The survey is not perfect. The results are conditional on visiting occupywallst.org on October 5th – of the 350,346 visits to the website on the 5th, only 1,619 individuals completed the survey. However, despite this non-random design, Cordero-Guzmán is providing us with data that has been in short supply since the start of #OWS movement. There has been a lot of discussion on who is actually participating and supporting the protests, and thanks to this survey we have a first look at the make-up of the #OWS 99 percent.
According to the survey, there is great support for the movement, with little outright disapproval of #OWS (see the figure with responses to Question 3, below). By October 5th, early in the protest, a quarter of respondents had participated in the protests (see the figure for Question 4). Since then there has been growth in the movement, with demonstrations springing up in both U.S. and international cities, and greater participation.
CEPR and / October 28, 2011
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Latin America and the Caribbean
Obama Administration Escalates Confrontation With Iran: Why?Mark Weisbrot / October 28, 2011
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Sham Shareholder Elections Do Not Reveal Views on CEO PayDean Baker / October 28, 2011
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Washington Post Gets Even Shriller About the Deficit!Dean Baker / October 28, 2011
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NPR Misleads Its Listeners by Implying That it Knows What Republicans ThinkDean Baker / October 28, 2011
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The NYT Touts the Fact That GDP Data Show the World Did Not EndDean Baker / October 28, 2011
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IHRC Mandate Ends – 18 Months With Little to ShowAs the AP reported last week, the Interim Haiti Recovery Commission’s (IHRC) mandate expired on Friday, October 21. The mandate had called for a transition to a Haitian government development authority to take the place of the commission. The date passed with little fanfare and no official statements from the IHRC itself. Reports in the Haitian press indicate that newly designated Prime Minister Gary Conille intends to submit a bill asking for the panel’s extension to Parliament, where some members have already expressed their reluctance to vote for it. Conille is a former advisor to Bill Clinton; Clinton co-chairs the IHRC.
Throughout the relief and reconstruction process, many have pointed out that the Haitian government has largely been bypassed and that Haitians themselves have been left out of the decision making process. In response, donors often point to the IHRC. The United States, for instance, said in January 2011 that “[t]o ensure that the reconstruction is Haitian-led, the U.S. Government coordinates all its recovery assistance through the IHRC.”
For its part the United State seems convinced the panel will be renewed. Although the U.S. government has made no official statement, USAID extended the contract of an undisclosed foreign contractor on September 30. The award description states, “The purpose of this modification is to extend the POP from September 30, 2011 to October 21, 2012 to serve as the disbursing agent of the IHRC; and increment funds in $45,387.00.” Then on October 20, the day before the mandate expired, the same contractor received an additional $20,000. Overall USAID has given more than $500,000 to this contractor to act as a steward of IHRC funds. It is unclear why the US would extend the contract until October 2012 without knowing if the IHRC would even continue to operate.
Jake Johnston / October 27, 2011
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Strong Investment Gives GDP a Boost, But Growth Remains WeakDean Baker / October 27, 2011
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Letter to Gov. Perry: Bonds in Social Security Trust Fund Are Not IOUsDean Baker / October 27, 2011
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Obama prepara guerra com IrãMark Weisbrot / October 27, 2011