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Tuesday, 21 August 2012

Tuesday, August 21, 2012
Niall Ferguson fired back at Paul Krugman on Bloomberg TV on Tuesday while defending his Newsweek cover story, which claimed health care reform will increase the deficit.

Krugman, a Nobel Prize-winning Princeton economics professor, questioned the accuracy of the Newsweek story, writing in a New York Times blog post on Sunday that Ferguson, a Harvard history professor, had misrepresented a Congressional Budget Office report about health care reform in an "unethical" way. While Ferguson cited the report to claim that President Obama's health care law will cost a net $1.2 trillion over the next 10 years, Krugman pointed out that the CBO's report actually concluded that health care reform will reduce the deficit, not increase it.
Best Buy's Profit Plunges 90 Percent
Who Will Fight For Wall Street?
Citi's Super Awkward CEO Moment
SEC Whistleblower Program's First Award Pays Out Max Amount
Postal Service Stuck With Hundreds Of Millions Of Simpsons Stamps
BLOG POSTS
Susan Crawford: More Than an Appliance: Verizon, the FCC and our Digital Future
For the connection speeds Americans will need to work, study, build the next great company or just watch the next great movie online, more than 75 percent of us will have just one choice: the local cable monopolist.
Benjamin R. Barber: Mandatory Trickle-Down: Tax Breaks for the Rich in the Form of Job Vouchers for the Poor
Let's put the premise of Ryan's libertarian economics to a test he can believe in: let's offer tax breaks to the wealthy in the form of jobs vouchers
Martin Ford: How Will China Employ Its Factory Workers After the Robots Come Online?
In the U.S. (as well as in other advanced countries), workers shifted out of manufacturing and into the service sector -- which now accounts for the vast majority of jobs. Will China be able to pull off the same transition?
Brian Rooney: Facebook: A Desperate Need to Be 'Liked'
Facebook's stock has fallen to less than half its opening-day price. It's like the beautiful girl in the senior class who thought a dozen guys would invite her to the prom and none of them did.
Alex Charfen: The Coming Housing Crisis (Yes, Another Crisis)
It may seem bold to be presenting a housing shortage in the middle of what many consider a housing crash; however, the numbers, market conditions and major market inventories are starting to make this startling prediction real.

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