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New York Times (October 11)

2011/ 10/ 15 by jd in Global News

The Times applauds economists Christopher Sims and Thomas Sargent, who were awarded the 2011 Nobel in economic sciences. “The prize committee has rewarded two towering intellects—and delivered a challenge to politicians who are driven more by ideology than by serious consideration of the real-world consequences of their actions.” In particular, the Times hopes politicians will recognize “two important approaches: near-term public spending to spur jobs paired with tax increases to pay for the new programs and, eventually, to reduce the deficit.”

 

The New York Times (September 12)

2011/ 09/ 13 by jd in Global News

Nobel Prize winning economist Paul Krugman believes “the euro is now at risk of collapse.” He warns that “we’re not talking about a crisis that will unfold over a year or two; this thing could come apart in a matter of days. And if it does, the whole world will suffer.” To avoid “an impeccable disaster,” Krugman believes the European Central Bank (ECB) must “lend freely and cut rates.” In addition, the ECB should be “buying up Spanish and Italian debt — that is, doing what these countries would be doing for themselves if they still had their own currencies.”

 

Financial Times (December 10)

2010/ 12/ 13 by jd in Global News

For several years, “China has displayed a smiling face to the world and promoted its economic prowess.” The mask is off. “Beijing has again revealed a forbidding, autocratic scowl.” The Financial Times believes China should simply have ignored the selection of Liu Xiaobo for the Nobel Peace Prize. By making an issue of this, “China is behaving like a world-class bully.”

 

New York Times (October 9)

2010/ 10/ 11 by jd in Global News

The Nobel Peace Prize was awarded to Liu Xiaobo, despite pressure from Beijing. Liu, a democracy activist, is currently under arrest and the Chinese government is upset by his selection. The New York Times supports the Nobel Committee for standing up to Beijing. “Beijing is used to throwing its weight around these days—on currency, trade, the South China Sea and many other issues…. Maybe someone in China’s leadership will now figure out that bullying is not a strategy for an aspiring world power.”

 

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