Caroline Baum News
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Ed Koch, the late mayor of New York City, used to stop residents on the street and ask, “How am I doing?”
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Should the government give every household a pre-loaded gift card?
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On Feb. 19, 2009, CNBC editor Rick Santelli let loose on the floor of the Chicago Mercantile Exchange in response to President Barack Obama’s proposal to subsidize underwater mortgages.
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Today's report was certainly one of the brightest spots in a month of consistently weak data.
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By now, you’re probably tired of all the back-and-forth on Reinhart and Rogoff. That would be Harvard University’s Carmen Reinhart and Kenneth Rogoff, the economists who co-authored the 2009 best-seller, “This Time Is Different: Eight Centuries of Financial Folly,” and who are now on the firing line because of minor data errors in a 2010 working paper.
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A bullet point on Page 18 of President Barack Obama’s 2014 budget sounds ominous: “Prohibit Individuals from Accumulating Over $3 Million in Tax-Preferred Retirement Accounts.” That it appears in a section titled “Strengthening the Middle Class” is odd since such a proposal would seem to undermine the goal.
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It started as 30 words. One hundred years later, it’s almost 4 million.
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For over two decades, economic policymakers in developed countries have been telling Japan to get its act together
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The Republican majority in the U.S. House of Representatives is promising to cut $100 billion from domestic spending this year. The Tea Party caucus’s response? I’ll see your $100 billion and raise you $2.4 trillion over 10 years.
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If conspiracy theorists were hoping to score points with the early e-mail distribution of the Federal Reserve minutes yesterday, they had better look elsewhere.
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