World-News

The editors of The New York Times write, "The presidential candidates are only beginning to recognize what many voters have already figured out through painful, personal experience: the economy is in trouble and unlikely to improve without some sensible government response." Meanwhile, Michael Barbaro and Louis Uchitelle, of The New York Times, report, "Strong evidence is emerging that consumer spending, a bulwark against recession over the last year even as energy prices surged and the housing market sputtered, has begun to slow sharply at every level of the American economy, from the working class to the wealthy."

http://www.truthout.org/docs_2006/011408L.shtml



Responding to Recession

Paul Krugman writes for The New York Times: "Since this is an election year, the debate over how to stimulate the economy is inevitably tied up with politics. And here's a modest suggestion for political reporters. Instead of trying to divine the candidates' characters by scrutinizing their tone of voice and facial expressions, why not pay attention to what they say about economic policy?" William Greider, writing for The Nation, also weighs in on the Democratic candidates' economic plans.

http://www.truthout.org/docs_2006/011408M.shtml




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