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Obama Could Work for The New York Times

Akagi2 Wrote: Jun 29, 2009 7:52 PM

So can Wachovia (or Wells Fargo and since Wells Fargo bought Wachovia which was First Union that bought Wachovia and changed its own name to Wachovia, who bought the Citizens and Southern Bank, who bought the Georgia Railroad Bank which invested in slaves apoligize for slavery like Wachovia did?), or SunTrust or Regions or whomever you have in mind explain then why interest rates need to be 9 points higher in a deflationary environment with a constricting economy? Interest rates rise when inflation is a problem and the economy is overheating. Today we have the opposite effect--deflation and an constricting economy. If anything interest rates should be cut but since we are already at .5 I don't see how cutting them to .25 or zero would...

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Obama Could Work for The New York Times

Back in 2008, New York Times correspondent David S. Rohde, along with Afghan reporter Taki Luden, were abducted in Pakistan by the Taliban. Because they felt it might adversely affect hostage rescue efforts, the Times requested a news black-out. The Associated Press and other news agencies respected the request and only broke the story recently, after Rohde and Luden had scaled a wall and made their escape. It would be nothing other than a story with a happy ending, except that the Times has time and again ignored the government’s requests that it not report the specific ways in which we...