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Precautions at New York Post As Tabloid Inquiry Expands – NYTimes.com

Employees of The New York Post, Rupert Murdoch’s irreverent and hard-charging city tabloid, were told Friday to keep any documents that may pertain to …

MORE via Precautions at New York Post As Tabloid Inquiry Expands – NYTimes.com.

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Global Concern Over U.S. Debt Ceiling Disagreement – NYTimes.com

While the debt debacle in Washington preoccupies America, it is causing jitters in power corridors from Beijing to Brussels. The stewards of the world’s largest economies are anxious for a compromise, to keep their own finances from …

MORE via Global Concern Over U.S. Debt Ceiling Disagreement – NYTimes.com.

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Senate Quickly Kills Boehner Debt Bill – NYTimes.com

After a 24-hour delay and concessions to conservatives, the House on Friday narrowly approved a Republican fiscal plan that the Senate quickly rejected in a standoff over the federal debt ceiling that was keeping the government on a path to …

MORE via Senate Quickly Kills Boehner Debt Bill – NYTimes.com.

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Reid alters debt plan to attract GOP support – TheHill.com

Senate Majority Leader Harry Reid (D-Nev.) has revised his plan to raise the debt limit in a last-ditch bid to attract Republican support.

The biggest change is that Reid would give the president almost unilateral power to raise the debt limit, borrowing an idea introduced by Senate Republican Leader …

MORE via Reid alters debt plan to attract GOP support – TheHill.com.

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Debt-limit vote is canceled in House as Boehner, GOP leaders struggle to gain votes – The Washington Post

House Speaker John A. Boehner abruptly canceled a vote on his plan to lift the federal debt limit late Thursday after failing to persuade recalcitrant …

MORE via Debt-limit vote is canceled in House as Boehner, GOP leaders struggle to gain votes – The Washington Post.

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News Desk: The Chiquita Phone-Hacking Scandal : The New Yorker

Given the culture of phone hacking that appears to have taken over Murdoch’s News of the World, many have asked whether his U.S. operations (run by many of the same people) engaged in similar activities. It’s likely that American journalism’s own hacking scandal scared many …

MORE via News Desk: The Chiquita Phone-Hacking Scandal : The New Yorker.

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James Surowiecki on the Debt-Ceiling Crisis : The New Yorker

This week in the magazine, James Surowiecki writes about the debt-ceiling crisis. On Tuesday, Surowiecki answered readers’ questions in a live chat. Read a transcript of the discussion below.JAMES SUROWIECKI: Welcome, everyone. I’m James …

MORE via Ask the Author: Ask the Author Live: James Surowiecki on the Debt-Ceiling Crisis : The New Yorker.

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The long-term implications of a US downgrade | Felix Salmon

David Boucher, of The Economic Word, asks a very good question via email, about the implications of the US losing its triple-A rating:

I was wondering if the state-level impact of a debt downgrade would be different, more severe.

From my understanding, Illinois and California have the two lowest ratings of the US states; if the US were to be downgraded and so would a couple of trouble states, would it have an impact on the ability of the Federal Government to lend a hand to those in trouble? And as a result create a Euro-ish type of debt crisis within the US?

There’s certainly a general understanding, in the markets, that …

MORE via The long-term implications of a US downgrade | Felix Salmon.

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The Big Mac index: Currency comparisons, to go | The Economist

correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that …

MORE via The Big Mac index: Currency comparisons, to go | The Economist.

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Norway Killings Shift Immigrant Debate in Europe – NYTimes.com

Less than a week after the mass killings in Norway, evidence of a shift in the debate over Islam and the radical right in Europe already appeared to be taking hold on a traumatized …

MORE via Norway Killings Shift Immigrant Debate in Europe – NYTimes.com.

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Rupert Murdoch’s Tabloid Culture : The New Yorker

n March 21, 2002, a thirteen-year-old English schoolgirl took the train home. Usually, she took it all the way to Hersham, seventeen miles from London, where she lived, but on that day she got off one stop before, at Walton-on-Thames, to get something to …

MORE via Rupert Murdoch’s Tabloid Culture : The New Yorker.

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From Oklahoma City to Oslo : The New Yorker

When the first news photographs of the Oslo bombings appeared online—before the reports of the Utoya massacre and the revelation that these crimes were the acts not of jihadists but of an extreme right-wing Nordic-nativist-anti-multiculturalist gun fanatic—I did a double-take when I saw, in particular, the image of smoke rising …

MORE via News Desk: From Oklahoma City to Oslo : The New Yorker.

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