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Tea Parties Prove Conservatives Are Growing (Grass) Roots?
A revolution might be coming this Wednesday, April 15. Antitax protests, known as tea parties, have been brewing around the country, and they could boil over on tax day. T.E.A.
Nobel Prize Winner Krugman Says We're All Ponzis
When news broke last week that Wall Street investment wiz Bernard Madoff allegedly admitted to a $50 billion Ponzi scheme, it left me wondering how he managed to do this without alerting regulators.
This week, we found out that there were classic warning signs that the SEC admitted it should have acted upon. Well now, Nobel Laureate economist Paul Krugman says that Madoff's fraud is evidence of a systemic defect in our financial system — vast riches for those who managed other people's money has had a corrupting effect on American society.
Front Page: Global Markets Rally, Krugman Wins Nobel for Economics, Afghanistan Commander is Hopeful
- Global Markets Rally: Banking stocks in Asia and Europe jumped this morning after European leaders announced plans to inject capital into banks and guarantee interbank lending. Rising between 5 and 10 percent, the rallying world markets are hoped to have a positive impact on the US market which opened moments ago, up, but with the Dow still in the 8,000s.
- Krugman Wins Nobel for Economics: US Economist and New York Times columnist Paul Krugman has won this year's Nobel Prize for Economics. He won for his analysis of trade patterns and new theories that answer questions on free trade and globalization.
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Front Page: Bangkok on Brink as Protests Rage
- Thailand's prime minister has declared a state of emergency after antigovernment protests and intense violence have continued for days. — CNN
- Somali pirates have vowed revenge today for the death of three pirates killed by the US. They promise to kill US and French soldiers.
Front Page: Man Who Killed Pastor Will Face Charges
- A man suspected of shooting a pastor to death yesterday during mass will be charged by authorities soon. Police say the pastor first deflected bullets with a Bible. — MSNBC
- President Obama plans to lift President Bush's ban on stem cell research today, pledging to take politics out of science.
Check This: Euro-Bogeyman?
With the odds of a US recession rising, I've been thinking about economic issues lately. On Friday, Paul Krugman, one of my favorite NYTimes columnists, wrote an interesting piece about Europe — the Comeback Continent. Krugman pointed to Europe's strengthening economy to refute the notion that low taxes and a weak social safety net (nixing goodies like universal health care) are essential to prosperity.
More Americans Think Obama Can Save Economy — Do You?
A poll released yesterday shows that 55 percent of Americans are at least somewhat confident that Barack Obama's economic team can lead the US out of its economic troubles.
Last week, when Obama held three consecutive press conferences to address the economic crisis, the markets rallied. In addition, Nobel Prize winning economist Paul Krugman dubbed the recently unveiled economic team (made up of economists and many Clinton vets) the "Ministry of Talents."
Looking For Leadership: Candidates Tweak Economic Plans
Barack Obama widened his economic agenda today, announcing proposals to create new jobs, give Americans access to retirement savings without penalty, implement a 90-day freeze on foreclosures of homeowners making good-faith efforts to pay lenders aided by the bailout plan, and make loans to credit-hungry local and state governments.
John McCain, set to kick off the week with a comprehensive economic proposal, scratched the idea when a Sunday night strategy meeting collapsed. McCain was planning on rolling out new tax cuts to jumpstart the economy.
Marc Jacobs Wants to Polish Your Face
The financial markets have taken a colossal tumble this week, and the week isn't over yet. So while my prudent and practical side is saving money, the daydreamer in me can't stop gazing at this Saks Fifth Avenue beauty exclusive: A Marc Jacobs Polished Face kit.
At $198, the leather clutch is a splurge, but it's fairly priced for what you get.
Eva Mendes is Too Sexy For Her Shirt in CK Ads
Calvin Klein's latest spokesperson, Eva Mendes, is rolling out the ad campaigns. First it was her kicky fashion pose, and now we're getting a look at her ad for Calvin's forthcoming perfume, Secret Obsession. WWD reports that the television spot, which has already been turned down by TV networks for being too sexy, features Eva having a "private moment" with "illicit thoughts."
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