NewsTrust - Business - Most Recent Stories: Opinion (Mainstream)

President Obama Should Seize the High Ground

Sun, 27 May 2012 00:00:00 -0700

New York Times - By Thomas Friedman - May. 27 (Opinion) - President Obama has quite a record of accomplishment to run on for re-election if he would only run on it. During a recent discussion in Seattle with a group of educators, one of them surprised me when she pointed out that even though their state did not win President Obama’s education “Race to the Top,” that program was critical in spurring education reform in Washington State. As I listened to her analysis, the thought occurred to me: I wonder how Barack Obama would do if he ran for president as himself. ... How he would do if he ran for re-election on all the things he’s accomplished but rarely speaks about.

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The Facebook Illusion

Sun, 27 May 2012 00:00:00 -0700

New York Times - By Ross Douthat - May. 27 (Opinion) - There were two grand illusions about the American economy in the first decade of the 21st century. One was the idea that housing prices were no longer tethered to normal economic trends, and instead would just keep going up and up. The second was the idea that in the age of Web 2.0, we were well on our way to figuring out how to make lots and lots of money on the Internet.

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Bain Capital and our screwed-up culture

Sat, 26 May 2012 00:00:00 -0700

Seattle Times - By Fromma Harrop - May. 26 (Opinion) - The problem is not the profession. It's what one does in the course of business. But even among those intent on making it big, people with a conscience will not cross certain lines. Bain blew across them.

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What Makes Countries Rich or Poor?

Thu, 24 May 2012 00:00:00 -0700

The New York Review of Books - By Jared Diamond - May. 24 (Review) - Norway, the world’s richest country, is 496 times richer than Burundi, the world’s poorest country (average per capita incomes $84,290 and $170 respectively, according to the World Bank). Why? That’s a central question of economics.

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SpaceX Launches Private Capsule on Historic Trip to Space Station

Tue, 22 May 2012 00:00:00 -0700

Yahoo! News - May. 22 - CAPE CANAVERAL, Fla. — A private space capsule called Dragon soared into the predawn sky Tuesday, riding a pillar of flame like its beastly namesake on a history-making trip to the International Space Station.

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Obama’s remarks on worst job growth: Did he end it or should he own it?

Mon, 21 May 2012 00:00:00 -0700

Washington Post - By Josh Hicks - May. 21 - “The ideas that [Republicans are] putting forward have been tried. We tried them between 2000 and 2008, and it resulted in the most sluggish job growth that we’ve ever seen, resulted in all kinds of phony financial profits and debt, and resulted in the worst financial crisis and economic crisis we’ve seen since the 1930s.” Read full article ...

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The Most Powerful Special Interest in Washington: The Acronym

Sun, 20 May 2012 00:00:00 -0700

New York Times - By Micah Cohen - May. 20 (Opinion) - A linguistic plague is creeping through the nation's capital - the "bacronym," where a PAC or bill name is chosen so that the initial letters of each word form a desired word.

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Do You Want the Good News First?

Sat, 19 May 2012 00:00:00 -0700

New York Times - By Thomas L. Friedman - May. 19 (Opinion) - I’ve spent the last week traveling to two of America’s greatest innovation hubs — Silicon Valley and Seattle — and the trip left me feeling a combination of exhilaration and dread. The excitement comes from not only seeing the stunning amount of innovation emerging from the ground up, but from seeing the new tools coming on stream that are, as Amazon.com’s founder, Jeff Bezos, put it to me, “eliminating all the gatekeepers” — making it easier and cheaper than ever to publish your own book, start your own company and chase your own dream. Never have individuals been more empowered, and we’re still just at the start of this trend.

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The Wright stuff: President Obama and the Ricketts smear

Sat, 19 May 2012 00:00:00 -0700

The Guardian - By Ana Marie Cox - May. 19 (Opinion) - Republicans are rightly shamed by a Super Pac ad plan to tag Obama as a black radical. The irony is his very lack of radicalism Nebraska has already supplied the right with a billionaire boogeyman: Warren Buffet, hero of the secretarial pool and worldly philanthropist. Now, the left has a Husker to hate: Joe Ricketts, the man for whom a group of Republican troublemakers dreamed up the perhaps-intentionally hilarious, to-be-sure-intentionally shocking "Plan to Defeat Barack Hussein Obama" . The document's deadpan staccato phrasing has the punctuation-agnostic urgency and livid prose of a "Mission: Impossible" assignment memo (or an Austin Powers trailer). "The Plan. An Overview," reads the titular section: "A five-minute unusually unique" – sic! – "film bringing his tutorship beneath Reverend Wright and others to the forefront of popular discourse … We start by raising an eyebrow. Teasers, hints of dark clouds to come. Buying print space, newspaper ads, kiosks at the airport, around the ...

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What the Chinese Want

Sat, 19 May 2012 00:00:00 -0700

Wall Street Journal - By Tom Doctoroff - May. 19 (Opinion) - Consumers in China are increasingly modern in their tastes, but they are not becoming 'Western.' How the selling of coffee, cars and pizza sheds light on a nation racing toward superpower status.

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How to Use the Internet Wisely, for Your Health and Your Country's

Sun, 13 May 2012 00:00:00 -0700

Atlantic Monthly - By Howard Rheingold - May. 13 (Opinion) - Use the following methods and tools to protect yourself from toxic bad info. Use them and then pass them along to others. Promote the notion that more info literacy is a practical answer to the growing info pollution. Be the change you want to see. Although the Web undermines authority (by enabling anybody to publish), authority is still useful as one clue to credibility in a detective hunt that accounts for many other clues. Claims to authority, however, need to be questioned. I might add credibility to my assessment if a source is a verified professor at a known institution of higher learning, an authentic MD or PhD, but I would not subtract it from people without credentials whose expertise seems authentic. If you are going to grant credibility to people whose expertise is based on being a professor of something, make sure that assertion is accurate. Don't stop at simply verifying that the claim to be a professor is valid if you are looking for scientific credibility. The next step is to use the Faculty Scholarly Productivity Index that derives a score from the scholar's publications, citations by other scholars, grants, honors, and awards. If you want to get even more serious, download a free copy of Publish or Perish software, which analyzes scientific citations from Google Scholar according to multiple criteria. Or use the h-index to calculate how many times other scientists have cited a particular source. Again, don't trust just one source; triangulate.

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JPMorgan Chase’s $2 Billion Loss

Sun, 13 May 2012 00:00:00 -0700

New York Times - May. 13 (Editorial) - The lesson of JPMorgan’s stunning $2 billion trading loss is that the banks haven’t learned their lesson, and neither have the politicians. Jamie Dimon, the chief executive of JPMorgan Chase, can be clear as a bell when he denounces financial reform. But on an emergency conference call with analysts on Thursday to announce the bank’s stunning $2 billion trading loss, his message was frustratingly vague.

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Europe’s rush to austerity will have severe consequences.

Sun, 13 May 2012 00:00:00 -0700

Slate - By Joseph E. Stiglitz - May. 13 (Opinion) - This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the current mantra: The crisis countries have to get their houses in order,...

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Capitalists and Other Psychopaths

Sat, 12 May 2012 00:00:00 -0700

New York Times - By William Deresiewicz - May. 12 (Opinion) - is an ongoing debate in this country about the rich: who they are, what their social role may be, whether they are good or bad. Well, consider the following. A recent study found that 10 percent of people who work on Wall Street are “clinical psychopaths,” exhibiting a lack of interest in and empathy for others and an “unparalleled capacity for lying, fabrication, and manipulation.” (The proportion at large is 1 percent.) Another study concluded that the rich are more likely to lie, cheat and break the law.

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Game Over for the Climate

Fri, 11 May 2012 00:00:00 -0700

New York Times - By James Hansen - May. 11 (Opinion) - 'Global warming isn't a prediction. It is happening. That is why I was so troubled to read...that Canada would exploit the oil in its vast tar sands reserves 'regardless of what we do.''

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Easy Useless Economics

Thu, 10 May 2012 00:00:00 -0700

New York Times - By Paul Krugman - May. 10 (Opinion) - So all this talk about structural unemployment isn't about facing up to our real problems; it's about avoiding them, and taking the easy, useless way out.

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Bernanke Gets 75% Approval From Investors in Global Poll

Thu, 10 May 2012 00:36:00 -0700

Bloomberg - May. 10 - Ben S. Bernanke, chairman of the U.S. Federal Reserve, delivers his semi-annual monetary policy report to the Senate Banking Committee in Washington, D.C., on March 1, 2012. Ben S. Bernanke, chairman of the U.S. Federal Reserve, delivers his semi-annual

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Those Revolting Europeans

Sun, 06 May 2012 00:00:00 -0700

New York Times - By Paul Krugman - May. 06 (Opinion) - The French are revolting. The Greeks, too. And it's about time.

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The pace we've come to expect

Sun, 06 May 2012 00:00:00 -0700

Economist - By G.I. - May. 06 (Opinion) - For the second month in a row, America’s labour market has disappointed, once again raising questions about whether the economic recovery is truly entrenched. Nonfarm payrolls rose just 115,000 in April from March. While the unemployment rate dipped to 8.1%, the lowest since early 2009, from 8.2%, it did so for the wrong reason: the labour force (those working or looking for work) shrank by 342,000. Private payrolls rose 130,000, but government payrolls shrank, something of a setback because the state and local government austerity that had created such a drag in the past two years had shown signs of easing this year. However, manufacturing payrolls did rise again, suggesting that the industrial sector, and exports in particular, remain a bright spot. Retail employment also recovered, suggesting the recent rise in petrol prices to around $4 a gallon has yet to take a big bite out of the consumer.

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Diageo to end funding of Heartland Institute after climate change outburst

Sun, 06 May 2012 00:00:00 -0700

The Guardian - By Leo Hickman - May. 06 - Firm has 'no plans' to work with thinktank following campaign comparing people concerned about climate to mass murderers Diageo, one of the world's largest drinks companies, has announced it will no longer fund the Heartland Institute , a rightwing US thinktank which briefly ran a billboard campaign this week comparing people concerned about climate change to mass murderers and terrorists such as Osama bin Laden, Charles Manson and Ted Kaczynski. On Thursday, a billboard appeared over the Eisenhower Expressway in Illinois showing a picture of Kaczynski, the Unabomber, who in 1996 was convicted of a 17-year mail bombing campaign that killed three people and injured dozens. The caption read: "I still believe in global warming. Do you?" A day later it was withdrawn. The London-based drinks giant, which owns brands such as Guinness, Smirnoff, Johnnie Walker and Moët & Chandon, said this year that it was "reviewing any further association with Heartland" following the release online of ...

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Obama launches campaign against Romney, but his real opponent is the economy

Sat, 05 May 2012 00:00:00 -0700

Washington Post - By Dan Balz - May. 05 (Opinion) - The president took on Mitt Romney as he formally launched his reelection campaign, but the former Massachusetts governor won’t be Obama’s most stubborn rival.

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The incredible shrinking labor force

Sat, 05 May 2012 00:00:00 -0700

Washington Post - By Brad Plumer - May. 05 (Opinion) - If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.2 percent. That helps explain a seeming contradiction in the unemployment numbers: The rate keeps dropping even though job creation has been soft. In April, the U.S. economy added a mere 115,000 jobs, according to the Bureau of Labor Statistics. In a normal month, that wouldn’t even be enough to keep up with new entrants into the labor market. But in this economy, it was enough to drive unemployment from 8.2 percent down to 8.1 percent, the lowest point since January 2009. The reason why resides in a little-watched measure known as the “labor force participation rate.” That tracks the number of working-age Americans who are either holding a job or looking for one. Between March and April, it dropped. A lot. There were 342,000 fewer Americans sending ...

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The Vanishing Workers

Sat, 05 May 2012 00:00:00 -0700

Wall Street Journal - May. 05 (Editorial) - The economy turned in another lackluster month for job creation in April, with 115,000 net new jobs, 130,000 in private business (less 15,000 fewer in government). The unemployment rate fell a tick to 8.1%, albeit mainly because the labor force shrank by 342,000. This relates to what is arguably the most troubling trend in the April jobs report, which is the continuing decline in the share of working-age Americans who are in the labor force. The civilian labor participation rate, as it's known, fell again in April to 63.6%. That's the second decline in a row and the lowest rate since December 1981. That's right—more than 30 years ago, longer than Mark Zuckerberg has been alive. The nearby chart shows the disturbing round trip the workforce participation rate has taken since 1980 and the precipitous drop in the last three years.

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The Art of Getting Net Smart

Sun, 29 Apr 2012 00:00:00 -0700

Forbes - By Shel Israel, Howard Rheingold - Apr. 29 (Opinion) - Howard Rheingold is a teacher, thinker, futurist and grower of the tallest sunflowers I have ever seen. He’s one the most profound thinkers of what happens online and how it changes the world. Just about every ten years, he checks in with a new book that seems to chart the course for the next decade or so. In 1993, he wrote The Virtual Community , which portended a world where people would share friendship and information with each other online, just as the first browser for the worldwide web was being popularized.

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Wind farms can increase night time temperatures, research reveals

Sun, 29 Apr 2012 00:00:00 -0700

The Guardian - By Damian Carrington - Apr. 29 - Study in US claims building of huge wind farms in Texas has increased night temperatures by up to 0.72C Large windfarms can increase local night time temperatures by fanning warmer air onto the ground, new research has revealed. The study used satellite data to show that the building of huge wind farms in west Texas over the last decade has warmed the nights by up to 0.72C. "Wind power is going to be a part of the solution to the climate change, air pollution and energy security problem," said Liming Zhou, at the University of Albany in New York. "But understanding the impacts of wind farms is critical for developing management strategies to ensure the long-term sustainability of wind power." West Texas has seen rapid expansion of wind farms , with turbine numbers rising from 111 in 2003 to 2358 in 2011. Zhou's team compared the land surface temperatures at the wind farms with other areas across this period and detected a clear rise at night. They note, however, that the effect on the ...

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