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Links 1 through 10 of 131 by Joe Germuska tagged economics

Winding up his remarks, Krugman paused, looked down at the podium, then sized up the audience again. “I left a little [space] in my notes here that says, ‘Come up with something optimistic to say at the end,’” he remarked as the audience laughed, “but I don’t have anything.” Call it black humor for the new dark age.

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"In other words, theorizes Mr. Lee, jobs in which quality is easier to measure are more likely to be compensated based on merit, so equally qualified men and women are likely to receive equal pay. On the other hand, in jobs where quality measures are more subjective, meritocracy may not rule, and men may be better compensated for reasons other than their qualifications."

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"Seeing inmates in the death chamber, strapped to a gurney and moments away from lethal injections, he has heard them greet him by name, confess to their crimes for the first time, sing, pray and, once, spit out a concealed handcuff key. He has stood shoulder to shoulder with other witnesses who stared, wept, fainted, turned their backs or, in one case, exchanged high-fives."

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'Upton Sinclair’s adage comes to mind: “It is difficult to get a man to understand something when his salary depends upon his not understanding it.”'

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The Performance Rights Act would force "free" stations to pay extra royalty fees for every song that they play. A 1995 law applied a similar fee for music played on "pay" services, such as cable, satellite and Internet radio.

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"Newspaper dreams of the last fifty years involved luscious department-store display ads and fat classified sections—visions that can no longer be."

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"We pay excessive attention to G8 summits because we think the G8 is the eightfold Man in Charge. That this is a leap of faith is particularly obvious this year. The G8’s solution to the problems of the poor is apparently to bore them out of poverty through sheer wordiness. They reaffirm previous reaffirmations, amplify previous amplifications, and clarify previous clarifications."

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"Roughly half of that philanthropic support has gone to support investigative journalism, and more than $56 million went to three nonprofit organizations: the Center for Investigative Reporting, begun in 1977, the Center for Public Integrity, founded in 1989, and ProPublica, which started in 2008. But more broadly, and in direct response to the commercial news media meltdown, something historically stunning has been occurring – nonprofit investigative reporting centers are proliferating throughout the nation, a new entrepreneurialism brought about largely by the diaspora of working journalists simply searching for a hospitable milieu in which to do their important work."

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"If there is a path forward for newspaper companies, it will be a new one they have yet to discover. Such discovery begins with listening to real people, not by wishful thinking in the boardroom. But as I said, many have fired their research people and now stumble through the fog without eyes and ears."

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"Lambasting file sharers and entrepreneurs who rightly recognize that free is the right way to build market share on the Internet might be fun and make certain people feel good. But it's ignorance of a fundamental fact. And that fact is that free, ad supported media works best on the Internet. We have seen it again and again. I'm not going to even give examples."

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