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Baker Testifies on Turmoil in Credit Markets Print
Friday, 11 April 2008 12:58
The Senate Committee on Banking, Housing and Urban Affairs asked Dean Baker to testify at a hearing yesterday, "Turmoil in U.S. Credit Markets: Examining Proposals to Mitigate Foreclosures and Restore Liquidity to the Mortgage Markets". Also testifying were Lawrence Summers, former U.S. Treasury Secretary, and representatives from the Center on Responsible Lending, the Brookings Institution and Lenders One, a national alliance of mortgage bankers.

Dean Baker argued that the situation in the housing market represents the largest economic crisis the country has faced since World War II. He went on to say that current legislation, while appropriate for some parts of the nation, will not address the needs of homeowners in bubble-inflated markets. You can read Dean's testimony here.
 
Myths About Venezuela Print
Thursday, 03 April 2008 12:58
The International Relations and Security Network (ISN) Publishing House, which is based in Zurich, Switzerland at the Center for Security Studies has chosen one of CEPR's latest publications as one of the editor's top picks. The paper, "An Empty Research Agenda: The Creation of Myths About Contemporary Venezuela," was written by co-director, Mark Weisbrot, as a response to a recent article in the March/April 2008 issue of Foreign Affairs that argued that Venezuela's poor have not benefited from the policies initiated byt the government of President Hugo Chávez. The ISN Publishing House is a repository of over 12,000 freely accessible policy briefs, research papers, government reports and journal articles covering a broad range of international relations and security-related topics.
 
US Policy Toward Latin America Print
Tuesday, 25 March 2008 12:57
Co-director Mark Weisbrot spoke at a panel discussion at the George Washington University Elliot School for International Affairs entitled “US Policy Toward Latin America in the Post-Bush Era”. The co-panelists included Greg Craig, a foreign policy advisor to Senator Barack Obama, Nora Lustig, a visiting professor at GWU and President of the Universidad de las Americas and Mark Schneider, the Senior Vice President and Special Advisor on Latin America at the International Crisis Group. All the participants agreed that supply-side counter-narcotics efforts in the Andes have failed. Nora Lustig discussed the possible effects of a US recession on the economies of Latin America, the topic of a recent CEPR report. Mark Weisbrot followed up on Mr. Schneider’s comments about economic inequality by underscoring the electoral consequences of Latin America’s dismal economic performance during the period of Washington-backed reforms. Recent economic policies, pursued independently of IMF advice, have lead to much higher economic growth, particularly in Argentina and Venezuela. The event was attended by an audience of over 100 policy makers, diplomats, academics, and students. A video of Mark's presentation can be viewed here.
 
Baker at Conferences Print
Friday, 21 March 2008 12:57
Co-director, Dean Baker spoke at two conferences this past week. On Tuesday, he was part of a panel at the Take Back America 2008 conference which was held in Washington, DC. His co-panelists were: Albert Meyerhoff, who has practiced for more than 30 years in labor, civil rights and environmental law; Lisa Ransom who is the Vice President of Federal Affairs for the Center for Responsible Lending, and Theresa Di Martino, an activist and consumer who was ensnared by a predatory home lender. Video of the panel discussion can be seen here. Then, on Thursday, Dean traveled to Sacramento, CA where he spoke at the annual conference of the California Budget Project on the bursting of the housing bubble and the challenges it presents to homeowners in California and across the country. More of Dean's research on the housing bubble can be found here.
 
Rosnick at Conference on Venezuela Print
Wednesday, 12 March 2008 12:56
Senior Research Associate, David Rosnick traveled last week to New Haven, CT, where he participated in a conference on Venezuela, "The Popular Sectors and the State in Chavez's Venezuela." The conference was held at Yale University where David presented a paper titled, "Illiteracy Revisited:  What Ortega and Rodriguez Read in the Household Survey." The paper was a rebuttal to Daniel Ortega and Francisco Rodriguez's argument that they had shown econometrically that the Robinson literacy program likely had no impact on reducing illiteracy in Venezuela.
 
The Future Direction of US International Economic Policy Print
Tuesday, 19 February 2008 12:56
Sponsored by the Center for American Progress (CAP), The Future Direction of US International Economic Policy brought several distinguished experts together to discuss a recent report, “Virtuous Circles: Strengthening Broad-Based Global Progress”, part of CAP’s Progressive Growth  series on the next administration’s economic policy.  The report’s lead author, Richard Samans focused the discussion on what the future of US international trade policy should be given the current context of slowing US economic growth, a constrained middle class and dramatic changes in the world economy, particularly the rapid increase of China and India’s involvement and the corresponding growth in the international labor pool.  His three-pronged approach incorporated trade, development, and monetary policy.  The effects that information-communication technology, policy regulation, capital mobility, and global labor supply are having on different countries’ living standards were incorporated into Saman’s outline of key steps toward fostering stable growth and economic equality in the United States as well as abroad.
 
Chang Discusses Bad Samaritans Print
Friday, 01 February 2008 12:54

Discussing his new book, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, Economics Professor at the University of Cambridge (UK) and CEPR Senior Research Associate, Ha-Joon Chang, took aim at the popular orthodoxy that in order to develop, countries need to prescribe to a strict "free trade" agenda.  Chang argued that the "developed" world, by pushing countries to pull themselves out of poverty by cutting tariffs, privatizing industries, and opening up to global competition, has perpetrated one of the greatest historical about-faces in economic history.  This engaging and provocative discussion was co-sponsored by the New America Foundation and the Center for Economic and Policy Research. If you missed this crowded event, you can watch the C-SPAN BookTV video online.

 
By a Thread Print
Wednesday, 30 January 2008 12:51
Jennifer Wheary, Thomas M. Shapiro, Caleb Gibson, and Julia Isaacs, a senior fellow at the Brookings Institute, discussed "By a Thread", a new study that measures economic stability in America's middle class, at a Capitol Hill briefing. Released by Demos and the Institute for Assets and Social Policy (IASP) at Brandeis University, the study uses a new measurement, the Middle-Class Security Index, to examine the financial security of the middle class using five factors: education, assets, housing, budget and healthcare. The vulnerability highlighted by the study was thoroughly discussed, as well as a recommended set of policies to help strengthen America's middle class. Domestic Intern Hye Jin Rho was in attendance.
 
Baker Discusses Subprime Borrower Protection Plan Print
Thursday, 17 January 2008 15:31
Dean Baker discussed his Subprime Borrower Protection Plan with state legislators on a call organized by the Progressive States Network. Other speakers included Assemblyman James Brennan (NY), Representative Joe Mullery (MN), and Austin King, ACORN.
 
New Weekly Analysis of Housing Market Print
Wednesday, 09 January 2008 15:30
Today, CEPR released the Housing Market Monitor, a new weekly analysis by co-director Dean Baker. With worries of recession and a mortgage crisis, this Monitor will provide an incisive breakdown of the latest indicators and developments in the housing sector. To receive the Monitor by e-mail, sign-up here.
 
Baker in Three Panels at ASSA Print
Saturday, 05 January 2008 15:29
Dean took part in three panels at the ASSA (Allied Social Sciences Association) annual meeting, including a presentation at a plenary session sponsored by the Association for Social Economics on "Democracy, Inequality, and Economics." A written version of the talk is available on our website. One of the panels he attended was an American Economics Association session devoted to the subprime crisis. All four panelists were at least as pessimistic about the housing market as Dean. They also all agreed with his point that the problem is not subprime mortgages, but declining house prices, and the worst is yet to come.
 
Baker in Search of Progressive America Print
Monday, 03 December 2007 14:29
Dean Baker spoke at a conference in Amsterdam called "In Search of Progressive America." The conference was organized by the Wiardi Beckman Foundation, which is the Dutch Labor Party think-tank. At the conference, Dean discussed current globalization policy and the prospects of significant changes in a future Democratic administration. Other speakers at the conference included Wouter Bos, the vice prime minister and leader of the Labor Party and Bert Koenders, the Netherland's minister for international cooperation and development.
 
CEPR Briefing Paper in BJIR Print
Thursday, 15 November 2007 14:28
The current issue of the British Journal of Industrial Relations (BJIR) contains a revised version of an April 2006 CEPR briefing paper, "Changing Patterns in the Relative Economic Performance of Immigrants to Great Britain and the U.S., 1980-2000," (subscription required) that was written by CEPR economist John Schmitt and Jonathan Wadsworth. In the paper, they compare the relative labour market performance of immigrants in the USA and in Britain over the period 1980–2000, when the stocks of immigrants were rising in both countries alongside differential shifts in demand and changes to labor market institutions.
 
"The Housing Bubble: We Were Warned" Print
Friday, 09 November 2007 14:28
Dean Baker was be the keynote speaker at the 24th annual meeting of the JOBS NOW Coalition on Friday, November 9th. The meeting ran from 3 to 6 p.m. at the Lakes & Plains Regional Council of Carpenters and Joiners, 710 Olive St., St. Paul, MN. For more information, please visit the JOBS NOW website.
 
Rally for Paid Sick Days Print
Tuesday, 06 November 2007 14:27
The D.C. Employment Justice Center organized a rally in support of The Paid Sick and Safe Days Act of 2007 (B17-0197). The bill would require employers operating in Washington, DC to provide 10 days of paid leave to their employees for the purposes of tending to physical or mental illness, preventive medical care, family care, parental leave, and absences associated with domestic violence or sexual violence. Speaking at the event on behalf of the legislation were several DC council members, a small business owner, several employees of locally operated businesses, as well as Ed Lazere of the DC Fiscal Policy Institute. The speakers depicted the legislation as invaluable for the health and well being of DC working people in addition to being advantageous to the interests of business.  Domestic Intern Joshua Lanier was in attendance.
 
Schmitt Attends Conference on Wealth Inequality Print
Sunday, 04 November 2007 14:27
Senior economist, John Schmitt traveled to the University of North Carolina at Chapel Hill where he attended a conference on Wealth Inequality and the Eroding Middle Class. He spoke on a panel titled: Rising Wealth Inequality: Why We Should Care. The panel discussed domestic and global wealth inequality patterns and their implications. It was moderated by Lisa Keister, Professor of Sociology at Duke University and included Joel Handler (UCLA); Lingxin Hao (Professor, Johns Hopkins University); Mark Rank (Professor, Washington University in St. Louis), and Alan Reynolds (Senior Fellow, Cato Institute).
 
James Speaks to National Lawyers Guild Print
Saturday, 03 November 2007 14:26
Director of International Programs, Deborah James spoke on a panel on comparative constitutional reform in Latin America at the National Lawyers Guild Convention in Washington, D.C.
 
Boushey on Mothers and Careers Print
Tuesday, 16 October 2007 14:26
Heather Boushey spoke on a panel that explored the trend of media stories that show working mothers as either leaving their careers or dreaming of doing so. The discussion was moderated by E.J. Graff, a senior researcher at Brandeis University, and also included Joan Williams, Distinguished Professor of Law, University of California; Ellen Bravo, author of Taking On the Big Boys: Why Feminism Is Good for Families and Business and the Nation; and Linda Hirshman, lawyer and professor emeritus at Brandeis University.
 
Blogging the Republican Presidential Debate Print
Tuesday, 09 October 2007 14:25
Dean Baker live-blogged the Republican presidential debate for the New York Times, along with two other economists - Russell Roberts, professor of Economics at George Mason University, and William Niskanen, with the Cato Institute.
 
Weisbrot on Venezuelan Social Economy Print
Monday, 17 September 2007 14:25

While in London, Mark Weisbrot gave another talk titled "The Venezuelan Social Economy: The Optimistic Scenario" at Canning House, which is home to the Foreign Office, Latin American embassies and business journalists. More details on Mark's trip - including his time in Madrid, Spain - to come.

 
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