Search Results for: Dean Baker

Jul 29 2015

For NYT, US Labor Abuses Abroad Are a Thing of Decades Past

Chinese investment graphic

A New York Times piece bizarrely implies that labor abuses by US companies or their contractors are a thing of the past.

Jul 16 2015

The Minimum Wage–and Other Left Ideas Washington Post Might Find ‘Lame’

Scott Walker (photo: State of Wisconsin)

Wisconsin Gov. Scott Walker denounced the left for not having any real ideas for workers. In his Washington Post column The Fix, Philip Bump largely endorsed this perspective.

Jul 10 2015

Chinese Stocks Return to February’s Values; WaPo Sees Threat to Regime

Shanghai (cc photo: SF Brit)

The media seem to think it’s a really huge deal that investors in China’s stock market have not made any money since February. The Washington Post told readers that it could even threaten the regime’s legitimacy.

Jun 30 2015

Confusing Lending and Spending at the New York Times

Protest at Greek parliament building (photo: Marko Djurica/Reuters)

A New York Times headline refers to “trillions” of dollars being spent by central banks. In fact, central banks have not spent this money, they have lent this money, mostly by buying government bonds.

Jun 26 2015

NYT Warns Greece to Accept Endless Depression–Because Default Might Be Painful

Argentine protest (photo: Alejandro Kaminetsky/Reuters)

While the process of switching currencies will never be painless, it must be compared to the pain associated with an indefinite period of unemployment in excess of 20.0 percent, which is almost certainly the path associated with remaining in the euro on the Troika’s terms.

Jun 18 2015

David Brooks Declares War on ‘Democratic Tea Party’–Unarmed With Facts

GDP growth in US and Mexico since NAFTA

The New York Times pundit pulled out all the stops, using his column to yell at “Tea Party” Democrats for not supporting the fast-track authority that would facilitate passage of the TPP.

Jun 11 2015

‘Say Anything’ Time to Pass Fast Track

George Washington in snow, Union Square, NYC (cc photo: Jim Naureckas)

TPP supporters claim that over 10 years, the trade pact could increase US GDP by as much as half as much as it was decreased by last winter’s snowy weather. That’s probably overly optimistic.

Jun 03 2015

Poor People Can’t Afford Homes–so NYT Calls for Making Them More Expensive

Monopoly houses (cc photo: woodleywonderworks)

It is bizarre to note that low-income people spend a disproportionate share of their money on housing and then complain about low house prices.