{"id":876,"date":"2011-08-14T06:36:32","date_gmt":"2011-08-13T21:36:32","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=876"},"modified":"2011-08-14T06:36:32","modified_gmt":"2011-08-13T21:36:32","slug":"the-economist-august-13","status":"publish","type":"post","link":"http:\/\/www.irken.jp\/gn\/?p=876","title":{"rendered":"The Economist (August 13)"},"content":{"rendered":"<p>The Economist believes \u201cSubstandard &#038; Poor\u201d provides a useful wake up call for the U.S. S&#038;P\u2019s past is \u201cflawed,\u201d especially by the liberally dispensed ratings that led to the sub-prime crisis. Still, \u201cthe basic fact is that credit ratings are useful for investors: if the likes of S&#038;P did not exist, the market would invent them.\u201d  Previously unthinkable, the threat of default should not be a bargaining chip. \u201cThis is not how an AAA-rated country behaves. S&#038;P did America a favour by pointing this out.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economist believes \u201cSubstandard &#038; Poor\u201d provides a useful wake up call for the U.S. S&#038;P\u2019s past is \u201cflawed,\u201d especially by the liberally dispensed ratings that led to the sub-prime crisis. Still, \u201cthe basic fact is that credit ratings are useful for investors: if the likes of S&#038;P did not exist, the market would invent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[852,776,66,8],"class_list":["post-876","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-aaa","tag-downgrade","tag-sp","tag-u-s"],"_links":{"self":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=876"}],"version-history":[{"count":0,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/876\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=876"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}