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01 DEC 08
Four Bad Bear Markets - an overlapping graph SAVE
PEOPLE
1929-32, oil crisis 1973-74, tech crash 2000-02, current 2007-presentTAGS
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08 NOV 08
Media bias explained | The Economist SAVE
PEOPLE
Skewed news reporting is taken as a sign of a dysfunctional media. In fact, it may be a sign of healthy competition.... Competition, far from driving biased reporting out of the market, would encourage newspapers to cater to the biases of different segments of the reading public.TAGS
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02 NOV 08
Barack Obama favors redistributing wealth. So does John McCain. - By Jacob Weisberg - Slate Magazine SAVE
PEOPLE
Curiously, the most prominent proponents of more-aggressive wealth redistribution have been Robin Hoods of the right. Milton Friedman is considered the father of the negative income tax, a 1960s-era proposal to simply give cash to the poor. Richard Nixon proposed a version of this plan in 1973.TAGS
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28 OCT 08
Adam Smith, in Wealth of Nations, suggested wealthy pay more in taxes SAVE
PEOPLE
The necessaries of life occasion the great expense of the poor. . . . The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. . . . It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion. - Adam Smith, Wealth of Nations, 1776TAGS
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12 OCT 08
Examining America's presidential candidates | Examining the candidates | The Economist SAVE
PEOPLE
AS THE financial crisis pushes the economy back to the top of voters’ concerns, Barack Obama is starting to open up a clear lead over John McCain in the opinion polls. But among those who study economics for a living, Mr Obama’s lead is much more commanding. A survey of academic economists by The Economist finds the majority—at times by overwhelming margins—believe Mr Obama has the superior economic plan, a firmer grasp of economics and will appoint better economic advisers.TAGS
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22 JUL 08
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