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Is the 2007 U.S. Sub-Prime Financial Crisis So Different?

Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University have compared the recent US subprime mortgage crisis with five downturns in industrialized economies in the past 30 years in their brief paper, Is the 2007 U.S. Sub-Prime Financial Crisis So Different? (pdf). Their conclusion: “given the severity of most crisis indicators in the run-up to its 2007 financial crisis, the United States should consider itself quite fortunate if its downturn ends up being a relatively short and mild one.” Summarized, with some data and charts, here. Via.
posted by ibmcginty on Feb 9, 2008 - 19 comments

fact checkers out there in the factosphere

"Tired of the LIBERAL BIAS every time you search on Google and a Wikipedia page appears?" At Conservapedia, a "conservative encyclopedia you can trust," you can learn that "faith" is a concept "exclusive to Christianity," and about how Wikipedia is biased in matters such as its description of the Bell Trade Act of 1946, its gossipy treatment of the private life of NPR reporter Nina Totenberg, and its seeming acceptance of evolution. The Wikipedia bias entry also complains of a "rant" against the Association of American Physicians and Surgeons, a group for which Conservapedia founder (and son of conservative gadfly Phyllis Schafly) Andrew Schlafly has worked. Signups are here; its take on evolution is criticized here.
posted by ibmcginty on Feb 23, 2007 - 153 comments

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