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Name | J. Bradford DeLong |
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School tradition | New Keynesian economics |
Color | darkorange |
Image name | Brad_DeLong_201010.jpg |
Birth date | June 24, 1960Boston, Massachusetts |
Nationality | |
Institution | University of California, Berkeley |
Field | Macroeconomics |
Alma mater | Harvard University |
Influences | Adam SmithJohn Maynard KeynesMilton FriedmanLawrence SummersAndrei Shleifer |
Opposed | John Yoo |
Signature | |
Repec prefix | f | repec_id = pde392 |
James Bradford DeLong (born June 24, 1960, Boston) commonly known as Brad DeLong, is a professor of Economics and chair of the Political Economy major at the University of California, Berkeley. He served as Deputy Assistant Secretary of the United States Department of the Treasury in the Clinton Administration under Lawrence Summers. He is also a research associate of the National Bureau of Economic Research, and is a visiting scholar at the Federal Reserve Bank of San Francisco.
Along with Joseph Stiglitz and Aaron Edlin, DeLong is co-editor of The Economists' Voice, and has been co-editor of the widely read Journal of Economic Perspectives. He is also the author of a textbook, Macroeconomics, the second edition of which he coauthored with Martha Olney. He writes a monthly syndicated op-ed column for Project Syndicate.
As an official in the Treasury Department in the Clinton administration, he worked on the 1993 budget, on the Uruguay Round of the General Agreement on Tariffs and Trade, on the North American Free Trade Agreement, on the unsuccessful health care reform effort, and on other policies.
DeLong is a prolific blogger. His main blog is Grasping Reality with Both Hands, which covers political, technical, and economic issues as well as criticism of their coverage in the media.
DeLong is both a liberal in the modern American political sense and a free trade neo-liberal. He has cited Adam Smith, John Maynard Keynes, Lawrence Summers, Andrei Shleifer, and Milton Friedman as the economists who have had the greatest influence on his views. In fact, his dozen most important papers have been co-authored with Summers, and several of the best papers of Summers are those co-authored with DeLong.
DeLong lives in suburban Lafayette, California, and is married to Ann Marie Marciarille, AARP Health and Aging Policy Research Fellow at Pacific McGeorge's Capital Center for Government Law and Policy. He received his A.B. and Ph.D. from Harvard University, receiving the latter in 1987. Before moving to Berkeley, he taught at Harvard, Boston University, and MIT.
DeLong is also a harsh critic of his Berkeley colleague, John Yoo, a law professor who worked in the Office of Legal Counsel under President George W. Bush. Yoo is perhaps most famous for authoring the torture memos authorizing the Bush administration to use torture during the war on terror, and crafting the unitary executive theory, which dictates that, due to his powers and responsibilities as commander-in-chief, only the President has the ability to craft and interpret foreign policy and security strategy. DeLong wrote a letter to the Berkeley Chancellor Robert Birgeneau calling for Yoo's dismissal dated February 17, 2009.
De Long maintains a political commentary site called Brad DeLong's Egregious Moderation. In addition, DeLong writes for Shrillblog, which collects stories and articles about critics of what the authors perceive as fundamental dishonesty on the part of advocates of "conservative" policies in the Republican Party and the Bush administration. According to DeLong's personal report, the blog originated in a conversation among DeLong, Tyler Cowen, and Andrew Northrup regarding the use of the term "shrill" as a criticism of New York Times columnist and fellow academic economist Paul Krugman.
Category:1960 births Category:Living people Category:American economists Category:New Keynesian economists Category:American bloggers Category:Boston University faculty Category:Clinton Administration personnel Category:Harvard University alumni Category:Harvard University faculty Category:People from Boston, Massachusetts Category:People from Contra Costa County, California Category:University of California, Berkeley faculty Category:Wired (magazine) people
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Name | Bob Woodward |
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Caption | Bob Woodward at the meeting with International Visitors Leadership Program participants at the Department of State, Washington, DC |
Birthname | Robert Upshur Woodward |
Birth date | March 26, 1943 |
Birth place | Geneva, Illinois, U.S. |
Age | 66 |
Education | Yale University, B.A., 1965 |
Occupation | Journalist |
Gender | Male |
Status | married |
Spouse | Elsa Walsh |
Children | two daughters |
Credits | The Washington Post |
Url | http://www.bobwoodward.com/ |
Robert Upshur "Bob" Woodward (born March 26, 1943) is an American investigative reporter and non-fiction author. He has worked for The Washington Post since 1971 as a reporter, and is currently an associate editor of the Post. While a young reporter for The Washington Post in 1972, Woodward was teamed up with Carl Bernstein; the two did much of the original news reporting on the Watergate scandal. These scandals led to numerous government investigations and the eventual resignation of President Richard Nixon. Gene Roberts, the former executive editor of The Philadelphia Inquirer and former managing editor of The New York Times, has called the work of Woodward and Bernstein "maybe the single greatest reporting effort of all time."
Woodward has authored or coauthored 15 non-fiction books in the last 35 years. All 15 have been national bestsellers and 11 of them have been #1 national non-fiction bestsellers – more #1 national non-fiction bestsellers than any contemporary author. He has written multiple #1 national non-fiction bestsellers on a wide range of subjects in each of the four decades he has been active as an author, from 1974 to 2009.
Woodward's work for the Post and his books, which penetrate deeply into various Washington, D.C. institutions and seven presidencies, are often greeted with initial skepticism, criticism, and even denials. But time and time again, after the record, memoirs and various government investigations are completed, his work has proved to be accurate.
In his 1995 memoir A Good Life, former executive editor of the Post Ben Bradlee singled out Woodward in the foreword. "It would be hard to overestimate the contributions to my newspaper and to my time as editor of that extraordinary reporter, Bob Woodward – surely the best of his generation at investigative reporting, the best I've ever seen. ... And Woodward has maintained the same position on top of journalism's ladder ever since Watergate."
David Gergen, who had worked in the White House during the Richard Nixon and three subsequent administrations said in his 2000 memoir Eyewitness to Power, of Woodward's reporting, "I don't accept everything he writes as gospel – he can get details wrong – but generally, his accounts in both his books and in the Post are remarkably reliable and demand serious attention. I am convinced he writes only what he believes to be true or has been reliably told to be true. And he is certainly a force for keeping the government honest."
Woodward also was the main reporter for the Post's coverage of the September 11 attacks in 2001. Ten stories won the 2002 Pulitzer Prize for National Reporting – "six carrying the familiar byline of Bob Woodward," noted the New York Times article announcing the awards.
He has been a recipient of nearly every other major American journalism award, including the Heywood Broun award (1972), Worth Bingham Prize for Investigative Reporting (1972 and 1986), Sigma Delta Chi Award (1973), George Polk Award (1972), William Allen White Medal (2000), and the Gerald R. Ford Prize for Reporting on the Presidency (2002).
Fred Barnes of the Weekly Standard called Woodward "the best pure reporter of his generation, perhaps ever." In 2003, Albert Hunt of The Wall Street Journal called Woodward "the most celebrated journalist of our age." In 2004, Bob Schieffer of CBS News said, "Woodward has established himself as the best reporter of our time. He may be the best reporter of all time."
The book and movie also led to one of Washington, D.C.'s most famous mysteries: the identity of Woodward's secret Watergate informant known as Deep Throat, a reference to the title of a popular pornographic movie at the time. Woodward said he would protect Deep Throat's identity until the man died or allowed his name to be revealed. For over 30 years, only Woodward, Bernstein, and a handful of others knew the informant's identity until it was claimed by his family to Vanity Fair magazine to be former Federal Bureau of Investigation Associate Director W. Mark Felt in May 2005. Woodward has confirmed this claim and published a book, titled The Secret Man, which detailed his relationship with Felt.
Woodward and Bernstein followed up with a second successful book on Watergate, entitled The Final Days (Simon and Schuster 1976), covering in extensive depth the period from November 1973 until President Nixon resigned in August 1974.
The Woodward and Bernstein Watergate Papers are housed at the Harry Ransom Center at the University of Texas at Austin.
Woodward believed the Bush Administration's claims of Iraqi WMDs prior to the war. During an appearance on Larry King Live, he was asked by a telephone caller "Suppose we go to war and go into Iraq and there are no weapons of mass destruction," Woodward responded "I think the chance of that happening is about zero. There's just too much there."
On February 1, 2008, as a part of the Authors @ Google series, Woodward, who was interviewed by Google CEO Eric E. Schmidt, said that he had a fourth book in his Bush at War series in the making. He then added jokingly that his wife told him that she'll kill him if he decides to write a fifth in the series.
Woodward's fourth book on the Bush administration, , was released September 8, 2008.
Woodward said the revelation came at the end of a long, confidential background interview for his 2004 book Plan of Attack. He did not reveal the official’s disclosure at the time because it did not strike him as important. Later, he kept it to himself because it came as part of a confidential conversation with a source.
In his deposition, Woodward also said that he had conversations with Scooter Libby after the June 2003 conversation with his confidential Administration source, and testified that it is possible that he might have asked Libby further questions about Joe Wilson’s wife before her employment at the CIA and her identity were publicly known.
Woodward apologized to Leonard Downie, Jr., the editor of The Washington Post for not informing him earlier of the June 2003 conversation. Downie accepted the apology and said even had the paper known it would not have changed its reporting.
Nicholas von Hoffman has made the criticism that "arrestingly irrelevant detail is [often] used," while Michael Massing believes Woodward's books are "filled with long, at times tedious passages with no evident direction." Christopher Hitchens of Salon.com has dismissed him as a "stenographer to the stars."
Joan Didion has leveled the most comprehensive criticism of Woodward, in a lengthy September 1996 essay in The New York Review of Books. Though "Woodward is a widely trusted reporter, even an American icon," she says that he assembles reams of often irrelevant detail, fails to draw conclusions, and make judgments. "Measurable cerebral activity is virtually absent" from his books after Watergate from 1979 to 1996, she said. She said the books are notable for "a scrupulous passivity, an agreement to cover the story not as it is occurring but as it is presented, which is to say as it is manufactured." She ridicules "fairness" as "a familiar newsroom piety, the excuse in practice for a good deal of autopilot reporting and lazy thinking." All this focus on what people said and thought – their "decent intentions" – circumscribes "possible discussion or speculation," resulting in what she called "political pornography."
The Post's Richard Harwood defended Woodward in a September 6, 1996 column, arguing that Woodward's method is that of a reporter – "talking to people you write about, checking and cross-checking their versions of contemporary history," and collecting documentary evidence in notes, letters and records."
Woodward has been accused of exaggeration and fabrication, most notably regarding "Deep Throat", his famous Watergate informant. Even since W. Mark Felt was announced as the true identity behind Deep Throat, John Dean and Ed Gray, in separate publications, have used Woodward's book All The President's Men and his published notes on his meetings with Deep Throat to show that Deep Throat could not have been only Mark Felt. They argued that Deep Throat was a fictional composite made up of several Woodward sources, only one of whom was Felt. Gray, in his book In Nixon's Web, even goes so far as to publish an e-mail and telephone exchange he had with Donald Santarelli, a Washington lawyer who was a justice department official during Watergate, in which Santarelli confirmed to Gray that he was the source behind statements Woodward recorded in notes he has attributed to Deep Throat.
J. Bradford DeLong has noticed strong inconsistencies between the accounts of the making of Clinton economic policy described both in Woodward's book Maestro and his book The Agenda.
Some of Woodward's critics accuse him of abandoning critical inquiry to maintain his access to high-profile political actors. Anthony Lewis called the style "a trade in which the great grant access in return for glory." Christopher Hitchens accused Woodward of acting as "stenographer to the rich and powerful."
Woodward believed the Bush Administration's claims of Iraqi WMDs prior to the war, and the publication of the book by former DCI George Tenet led Woodward to engage in a rather tortuous account of the extent of his pre-war conversations with Tenet in an article in The New Yorker Magazine in which he also chastised New York Times op-ed columnist Maureen Dowd for being critical of him.
Woodward's dual role as journalist and author has opened him up to occasional criticism for sitting on information for publication in a book, rather than presenting it sooner when it might affect the events at hand. In The Commanders (1991), for instance, he indicated that Colin Powell had opposed Operation Desert Storm, yet Woodward did not publish this information before Congress voted on a war resolution. And in Veil, he indicates that former CIA Director William J. Casey personally knew of arms sales to the Contras, but he did not reveal this until after the Congressional investigation.
Martin Dardis, the chief investigator for the Dade County State Attorney, who in 1972 discovered that the money found on the Watergate burglars came from the Committee to Re-elect the President, has complained that All the President's Men misrepresented him.
A review by Anthony Lewis in The New York Review of Books challenged the claim in The Brethren (written by Woodward and Scott Armstrong) that Supreme Court Justice William Brennan once voted in a way he thought was wrong to avoid hurting the feelings of Justice Blackmun. Woodward and Armstrong insisted they had one of Brennan's clerks confirm the story on the record; Lewis interviewed everyone who clerked that term; all found the story false or implausible. Woodward showed the notes he'd taken on the subject to a third-party; the notes themselves were unclear but Lewis located the source of the notes who insisted that Woodward misrepresented him.
Woodward was also accused of fabricating his deathbed interview with Casey, as described in Veil; critics say the interview simply could not have taken place as written in the book. Following Casey's death, President Ronald Reagan wrote: "[Woodward]'s a liar and he lied about what Casey is supposed to have thought of me." However, the CIA's own internal report found that Casey spoke to Woodward 43 times, sometimes alone at Casey's home, and his deputy Bob Gates wrote in his own book that he was able to communicate with Casey at that same time and quoted Casey making short statements similar to those reported by Woodward. The author Ronald Kessler reported similar findings in his book on the CIA.
Commentator David Frum has said, perhaps partly tongue-in-cheek, that Washington officials can learn something about the way Washington works from Woodward's books: "From his books, you can draw a composite profile of the powerful Washington player. That person is highly circumspect, highly risk averse, eschews new ideas, flatters his colleagues to their face (while trashing them to Woodward behind their backs), and is always careful to avoid career-threatening confrontation. We all admire heroes, but Woodward's books teach us that those who rise to leadership are precisely those who take care to abjure heroism for themselves."
Despite these criticisms and challenges, Woodward has been praised as an authoritative and balanced journalist. The New York Times Book Review said in 2004 that "No reporter has more talent for getting Washington’s inside story and telling it cogently."
Woodward still maintains a listed number in the Washington, D.C. phone directory. He says this is because he wants any potential news source to be able to reach him.
Other books, which have also been best-sellers but not #1, are:
Newsweek has excerpted five of Woodward's books in cover stories; 60 Minutes has done segments on five; and three have been made into movies.
In the movie The Skulls, the character Will Beckford tries to compare himself to Woodward while reading his column in the school newspaper.
In the movie Dick, which is about Watergate, Woodward is played by actor/comedian Will Ferrell. Woodward and Bernstein are depicted as two bickering, childish near-incompetents, small-mindedly competitive with each other.
In the movie Wired, adapted from Woodward's book Wired: The Short Life and Fast Times of John Belushi, Woodward is portrayed onscreen by J. T. Walsh.
The graphic novel Watchmen by Alan Moore is set in a version of 1985 where Nixon is a fifth-term president. A throwaway line reveals that a pair of unknown journalists, Woodward and Bernstein, were found murdered in a garage in the early 1970s. This same scenario is used as a dystopian detail in Back to the Future 2. In the episodic video game , telling about events before the graphic novel, Rorschach and Nite Owl II find Woodward and Bernstein dead in the crime lord Underboss' car's trunk.
Woodward scripted the "Der Roachenkavalier" episode of Hill Street Blues that aired on February 3, 1987.
In one Bloom County series, Woodward writes a fictional expose about the late Bill the Cat's "ugly, sordid private life", based entirely on information he got out of Opus the Penguin (although Mickey Mouse and Charlie Brown also appear to have something to do with it). A three-Sunday strip-long mockumenatry based on the Woodward book was used later to explain how Bill came back to life after dying in a car crash.
In "The Long Lead Story", episode 5 of the NBC television series Studio 60 on the Sunset Strip, Matthew Perry's character Matt Albie is talking to reporter Martha O'Dell, played by Christine Lahti. She points to his show board and says, "The Lobster sketch isn't funny yet," to which he replies, "Tell me something else I don't know, Woodward"; a sarcastic jab at O'Dell's decision to report on a sketch-comedy show despite being a Pulitzer Prize-winning political reporter.
In The Wire episode "React Quotes", a borderline-incompetent journalist is referred to as "not exactly Bob Woodward."
In multiple episodes of Gilmore Girls they refer to Woodward, Ben Bradlee, Bernstein, and All the President's Men.
In the film Watchmen, The Comedian states while shooting at a riot saying " Ain't had this much fun since Woodward & Bernstein."
In the film Assassination of a High School President, main character Bobby Funke's style is in inspiration of Woodward & Bernstein
Category:1943 births Category:American investigative journalists Category:American journalists Category:American newspaper reporters and correspondents Category:American political writers Category:Living people Category:People from Washington, D.C. Category:People from Wheaton, Illinois Category:Washington Post people Category:Watergate figures Category:Worth Bingham Prize recipients Category:Writers from Chicago, Illinois Category:Writers from Washington, D.C. Category:Yale University alumni
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Name | Robert Shiller |
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School tradition | New Keynesian economics |
Color | darkorange |
Birth date | March 29, 1946 |
Nationality | American |
Institution | Yale University |
Field | Financial economicsBehavioral finance |
Alma mater | Michigan (B.A. 1967)MIT (Ph.D. 1972) |
Influences | John Maynard KeynesFranco ModiglianiGeorge Akerlof |
Opposed | Jeremy Siegel |
Influenced | John Y. CampbellPierre PerronEric Janszen |
Contributions | Irrational Exuberance, Case-Shiller index |
Awards | Deutsche Bank Prize (2009) |
Signature | Signature of Robert J Shiller.svg |
Repec prefix | e | repec_id = psh69 |
In 1981 Shiller published an article in the American Economic Review titled "Do stock prices move too much to be justified by subsequent changes in dividends?" He challenged the efficient markets model , which at that time was the dominant view in the economics profession . Shiller argued that in a rational stock market, investors would base stock prices on the expected receipt of future dividends, discounted to a present value . He examined the performance of the U.S. stock market since the 1920s, and considered the kinds of expectations of future dividends and discount rates that could justify the wide range of variation experienced in the stock market . Shiller concluded that the volatility of the stock market was greater than could plausibly be explained by any rational view of the future .
The behavioral finance school gained new credibility following the October 1987 stock market crash. Shiller's work included survey research that asked investors and stock traders what motivated them to make trades; the results further bolstered his hypothesis that these decisions are often driven by emotion instead of rational calculation. Much of this survey data has been gathered continuously since 1989, and is available at Yale's Investor Behavior Project.
In 1991, he formed Case Shiller Weiss with economists Karl Case and Allan Weiss. The repeat-sales index developed by Case and Shiller was later acquired and further developed by Fiserv and Standard & Poor, creating the Case-Shiller index.
His book Irrational Exuberance (2000) – a New York Times bestseller – warned that the stock market had become a bubble in March 2000 (the very height of the market top) which could lead to a sharp decline .
On CNBC's "How to Profit from the Real Estate Boom" in 2005, he noted that housing price rises could not outstrip inflation in the long term because, except for land restricted sites, house prices would tend toward building costs plus normal economic profit . Co-panelist David Lereah disagreed. In February, Lereah had put out his book Are You Missing the Real Estate Boom? signaling the market top for housing prices. While Shiller repeated his precise timing again for another market bubble, because the general level of nationwide residential real estate prices do not reveal themselves until after a lag of about one year, people did not believe Shiller had called another top until late 2006 and early 2007.
In the first decade of the 21st century Shiller co-authored a 2003 Brookings paper, "Is There a Bubble in the Housing Market?". Shiller subsequently refined his position in the 2nd edition of Irrational Exuberance (2005), acknowledging that “ further rises in the [stock and housing] markets could lead, eventually, to even more significant declines… A long-run consequence could be a decline in consumer and business confidence, and another, possibly worldwide, recession. This extreme outcome … is not inevitable, but it is a much more serious risk than is widely acknowledged.” Writing in the Wall Street Journal in August 2006, Shiller again warned that "there is significant risk of a very bad period, with slow sales, slim commissions, falling prices, rising default and foreclosures, serious trouble in financial markets, and a possible recession sooner than most of us expected.”]] |}
Category:1946 births Category:Living people Category:Financial economists Category:American economists Category:Yale University faculty Category:Yale School of Management faculty Category:Behavioral finance
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.