New York Times (Free subscription) | yesterday
Right now there’s intense debate about how aggressive the United States government should be in its attempts to turn the economy around. Many economists, myself included, are calling for a very large fiscal expansion to keep the economy from going into free fall. Others, however, worry about the burden that large budget deficits will place on future generations.Fred R. Conrad/The New...
New York Times (Free subscription) | 30/11/2008
PASADENA, Calif.Fred R. Conrad/The New York TimesMaureen Dowd I visited the future, and it was wearing a bow tie and calling itself “Thomas Edison.”The newspaper business is not only crumpling up, James Macpherson informed me here, it is probably holding “a one-way ticket to Bangalore.”Macpherson — bow-tied and white-haired but boyish-looking at 53 — should know. He pioneered “glocal”...
New York Times (Free subscription) | 29/11/2008
Hours before the sun came up on a cool October morning in 2006, people living near the Dakota Stables on the Upper West Side were suddenly awakened by the sound of a jackhammer.Fred R. Conrad/The New York TimesNEW ON THE BLOCK The Harrison, a luxury condominium project that supplanted the Dakota Stables and is to open next spring. MultimediaRelated (November 26, 2008) Preserving the CityAn...
New York Times (Free subscription) | 28/11/2008
A few months ago I found myself at a meeting of economists and finance officials, discussing — what else? — the crisis. There was a lot of soul-searching going on. One senior policy maker asked, “Why didn’t we see this coming?” Fred R. Conrad/The New York TimesPaul Krugman There was, of course, only one thing to say in reply, so I said it: “What do you mean ‘we,’ white man'” Seriously,...
New York Times (Free subscription) | 26/11/2008
I spent Sunday afternoon brooding over a great piece of Times reporting by Eric Dash and Julie Creswell about Citigroup. Maybe brooding isn’t the right word. The front-page article, entitled “Citigroup Pays for a Rush to Risk,” actually left me totally disgusted. Fred R. Conrad/The New York TimesThomas L. Friedman RelatedWhy? Because in searing detail it exposed — using Citigroup as Exhibit...
