Archive for the ‘On the media’ Category
Jenna Bush read to some hormonally challenged adults on Easter. She began to emulate our favorite girl Victoria Beckham – not that other fierce girl, Christian Soriano. She’s not fierce at all. She’s as fierce as an onion bagel with cream cheese.
Additional Reading: Wonkette
Now that Ben Bernanke is getting some tentative plaudits for his rate cuts and Bear Stearns bailout, is this different than what was expected? A look back at the time of his nomination:
Marginal Revolution on BB’s academic history from late 2005:
The credit channel for monetary policy; here are the papers, most of all the 1992 piece with Alan Blinder. Bernanke took an old Keynesian idea and gave it empirical rigor. During upturns and downturns, does money or credit play the leading role? Bernanke showed that credit has greater importance. Bernanke’s work in particular helped combat the Litterman and Weiss paper of 1983; L&W had showed that once you put the nominal interest rate in a Vector Autoregression (a relatively atheoretical statistic technique), money didn’t seem to matter. Bernanke rescued the relevance of money but showed it mattered through the associated channel of credit. This work stands among the most important contributions in macroeconomics in the last twenty years. It also suggests that Bernanke, as Fed chair, will look closely at credit indicators. Here is a Bernanke speech on money and the stock market.
Brad Delong, note the housing bubble mentions in the comments
Economist’s View has links to most other 2005 reviews
New Economist confirmed the glowing predictions
Bernanke predicts house bubble could cool in Washington Post, but to be fair:
That view mirrors Greenspan’s .He and Bernanke have both said it is unrealistic to expect the Fed to identify a bubble in stock or real estate prices as it is inflating, or to be able to pop it without hurting the economy. Instead, the Fed should stand ready to mop up the economic aftermath of a bubble.
After transforming WWII into possibly the most snore inducing and white washed event in American history, Ken Burns gently express some concern with market driven television and the future role of PBS.
…Many blessings have flowed to America from that marketplace, but I am certain that none of the films I have made in the last nearly 30 years could have been produced anywhere but at PBS. It is also important to note that the marketplace won’t come to your house at 3 a.m. when it is on fire, nor is the marketplace flying over Afghanistan at this moment.I don’t mean to suggest that PBS has anything to do with the actual defense of our country, but it does help make our country worth defending.
From The New Yorker:
And I’m learning that. I’m learning that.” Spitzer had taken to likening the job of governor to “three-dimensional chess.”
via Emdashes; an article demonstrating that E.S. watched ST:TNG; had interesting thoughts on immigration; and was the politician to watch despite his predilection for dangerous trysts with expensive prostitutes.
Where all those facts you read come from:
For practical deadline reasons, newspapers don’t have independent “fact checkers,” relying instead on their reporters and editors to get things right. Nor do book publishers usually make any effort to reconfirm the facts in manuscripts they publish. Yet oddly, newspapers and books are the main sources fact checkers use to “check” the facts they approve for publication.
A short and factually accurate article from The New Republic