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NYT Columnist Krugman sends zinger to Fed
Jun 24th, 2013 by Warren Swil

Is FOMC caving

to pressure from

extremist deficit hawks?

The website of the House Budget Committee’s FY 2013 budget plan calling for massive deficit reduction.

THE NEW YORK TIMES COLUMNIST Prof. Paul Krugman, a faculty member at Princeton University, sent a barbed message to the Federal Reserve Bank’s Board of Governors in his column this morning.
The headline was flawless: Et Tu, Bernanke?
Remember Brutus? And Ceasar!
Krugman wrote: “Lately, Fed officials have been issuing increasingly strong hints that rather than doing more, they want to do less, that they are eager to start “tapering,” returning to normal monetary policy….
“… [M]y guess is that what’s really happening is … Fed officials are, consciously or not, responding to political pressure.”
Indeed!


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A BIG WEEK FOR BREAKING NEWS

POISED AND READY TO POUNCE
It’s going to be a big week for breaking news – and media professionals are gearing up.
Nelson Mandela is in critical condition in a Johannesburg hospital.
The United States Supreme Court is about to issue opinions that will have far-reaching consequences for American society.
An accused spy is in the midst of fleeing Russia …
Get all the details here.


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Exodus gay ‘cure’ group calls it quits. HOORAY!

IS THE ‘TIDE’ BECOMING A ‘TIDAL WAVE’?
The organization Exodus, which tried for decades to “cure” homosexuals, has shut down. But the damage caused over the years by this hateful group will take a long time to repair. Rejoicing over its demise is premature, despite its “apology.”
Find out why here.


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SWEDEN’S RICHES: History lessons for everyone – especially leaders

TOUR GUIDE MAY WELL, ONE DAY, RUN FALU GRUVA SITE
Our guide at the historic mine, Emma Larsson, a native of Falun, spent much of her childhood on the complex of museums and other structures that is today a UNESCO protected World Heritage Site.
Working as a tour guide at the mine since 2005, Larsson is also a full time student, majoring in business administration.
It is quite conceivable that, one day, she will run the place. It is her goal


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BBC asks: Are smartphones killing memories?

ARE WE TOO BUSY TAKING PICTURES TO EXPERIENCE LIFE?
“The habit of taking photographs, usually with our phones, of anything and everything is everywhere – instead of enjoying things or engaging in them,” may be having negative consequences, the BBC reports today.
I first had this discussion with close friends while visiting Guadalajara, Mexico in late April. I have written about it several times on In the (K)now.
“If [people] spend the moment taking pictures, what is it exactly that they will remember?” the BBC correspondent asks.
Find the answer here.


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MARKETPLACE on NPR nails stock market plunge story – updated!

STOCK MARKET PLUNGES AFTER FED MEETING
The Marketplace show hosted by Kai Ryssdal on NPR stations lead its broadcast Thursday with the 353-point plunge in the Dow, and its relationship to the meeting the day before at the Federal Reserve.
“Wall Street dropped hard yesterday, harder today … and don’t even get me started on bonds, people….” Ryssdal said.
Hearing this, anyone In the (K)now would have done what I did. Find out here.


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BRAZIL PROTESTS and OCCUPY: Connecting the dots

PEOPLE ARE RISING UP AGAINT THEIR GOVERNMENTS
If a bus fare hike of a few pennies can bring hundreds of thousands out into the streets, as has happened in Brazil, the world has indeed become a different place.
Democracies all over the world are seeing their people rise up against government action or inaction that is not in their best interests.
What does this have to do with the Occupy movement? Find out here.


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FANDANGO’S DAVE KARGER: vibrant, intense and personable

CELEBRITY SHARES INSIDE DOPE
Fandango Chief Correspondent Dave Karger – an 18-year veteran of “Entertainment Weekly” –
¬shared some delightful behind-the-scenes anecdotes with 12 to 15 members of the Los Angeles chapter of the NLGJA on Tuesday evening at a little bistro in West Hollywood.


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SWEDEN’S RICHES: Falu Gruva mine more than just big hole in the ground

SWEDEN’S FALU GRUVA MINE A TRIP THROUGH HISTORY
Before your tour of the UNESCO World Heritage mine at Falu Gruva in Sweden, visit and closely examine the various museum buildings and their contents.
A trip to this unique and (in America, little known site) offers visitors a richly woven tapestry of history – not just local history, but world history – because the economic influence of Falu Gruva was felt throughout the world during its heyday.


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NYT’S DAVID CARR: Connecting the dots first … again

ALL THE NEWS THAT’S FIT TO PRINT
The New York Times could go out of business, but thanks to folks like Columnist David Carr, it wont. “News no longer needs the permission of traditional gatekeepers to break through,” Carr wrote Monday.
“Scoops can now come from all corners of the media map and find an audience just by virtue of what they reveal.”
So how will newspapers survive? Find the answer here.


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