Reinhart-Rogoff Shoot Back...with a popgun

econjared: Reinhart & Rogoff shoot back…with a popgun: http://t.co/HFGdGz1yGY

Original Tweet: http://twitter.com/econjared/status/327833211424092161

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Twilight of the Middle Class

Reuters: .@cafreeland asks: are we seeing the twilight of the American middle class? http://t.co/Czi6Taj0LF

Original Tweet: http://twitter.com/Reuters/status/327854100819607553

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The 1 Percent's Solution

NYTimeskrugman: OP-ED COLUMNIST; The 1 Percent's Solution http://t.co/veIqxXx9gR

Original Tweet: http://twitter.com/NYTimeskrugman/status/327611711987277824

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West, Texas

NicholsUprising: President Obama in #WestTX: "America needs towns like West. That's what makes America great." So, so true. @thenation @WeGotEd @edshow

Original Tweet: http://twitter.com/NicholsUprising/status/327531322316836864

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Business Travelers Must Not Be Inconvenienced!

LOLGOP: AMERICA WILL NOT LET BUSINESS TRAVELERS LANGUISH FOR HOURS! That's for cancer patients and disabled vets and immobile seniors.

Original Tweet: http://twitter.com/LOLGOP/status/327587126092894208

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This Chart Should Be Blown Up and Draped Over the Bush Library

LOLGOP: This is the chart that should be blown up and draped over the Bush Library. http://t.co/xWVISUMRcN
Original Tweet: http://twitter.com/LOLGOP/status/327591956085633025
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Meet The Two Most Dangerous Economists In The World Right Now

http://www.businessinsider.com/reinhart-and-rogoff-dangerous-debt-ceiling-2011-8

From the site:

And though nobody takes the "confidence fairy" argument very seriously, pro-cutting politicians are armed with some intellectual heft: Frequently during the debate we heard politicians cite the work of economists Carmen Reinhart (University of Maryland) and Ken Rogoff (Harvard), who have argued over the last couple of years that higher public debts contribute to lower GDP growth. And, conveniently, they've made a big deal over this idea that a 90% debt-to-GDP ratio represents some kind of tipping point, over which growth slows fast. Their ideas are outlined in the book This Time It's Different, which has been a huge hit.

What the Reinhart & Rogoff Debacle Really Shows: Verifying Empirical Results Needs to be Routine

http://themonkeycage.org/2013/04/19/what-the-reinhart-rogoff-debacle-really-shows-verifying-empirical-results-needs-to-be-routine/

From the site:

There’s been an enormous amount of buzz since a study was released this week questioning the methodology in a published paper. The paper under fire is Reinhart and Rogoff’s “Growth in a Time of Debt” and the firing is being done by Herndon, Ash, and Pollin in their article “Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff.” Herndon, Ash, and Pollin claim to have found “spreadsheet errors, omission of available data, weighting, and transcription” in the original research which, when corrected, significantly reduce the magnitude of the original findings. These corrections were possible because of openness in economics, and this openness needs to be extended to make all computational publications reproducible.

More Bad Excel

http://baselinescenario.com/2013/04/18/more-bad-excel/

From the site:

Now the macroeconomic world has its version of the death penalty debate, in the famous paper by Carmen Reinhart and Ken Rogoff, “Growth in a Time of Debt.” Thomas Herndon, Michael Ash, and Robert Pollin released a paper earlier this week in which they tried to replicate Reinhart and Rogoff. They found two spreadsheet errors, a questionable choice about excluding data, and a dubious weighting methodology, which together undermine Reinhart and Rogoff’s most widely-cited claim: that national debt levels above 90 percent of GDP tend to reduce economic growth.

REPORT: Partisanship And Diversity On The Sunday Shows In 9 Charts

http://mediamatters.org/research/2013/04/05/report-partisanship-and-diversity-on-the-sunday/193482

From the site:

Each Network Hosted More Guests From The Right Than The Left. Republicans and conservatives outpaced Democrats and progressives on all four networks. Fox News Sunday had the largest discrepancy, with 53 percent of guests being Republicans or conservatives and only 24 percent being Democrats or progressives.