- VENEZUELA : Caracas Gets Some Toilet Paper Relief; Opposition TV Channel Globovision Surrenders; Maduro Befriends Empresas Polar.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- RUSSIA / VIDEO: Where Road Rage...Gets Real Ugly...Real Fast.
- MEXICO: Are Calderon And USA "Soft" On Sinaloa's Narcos?
- COSTA RICA / PERU / COLOMBIA : 17 May UPDATE : 2 More Aides Resign After Prez. Chinchilla Comes Under Fire For Free Flights On Alleged Narco Jet; Key Minister Resigns Over Flight From Bogus Person.
- MEXICO : Gulfo Narco Boss 'El Coss' Caught In Tampico; Arrested Pozos Gonzalez Proud Of Golden AK-47.
- GERMANY / ITALY / POLAND : 29 June UPDATE: UPSET!! Roma Beats Berlin 2-1.
- UKRAINE : Thousands Protest In Kyiv For Yulia, Against Yanukovych; Some Injured In Clashes.
- BULGARIA : Viewers Ask : Is TV Show "Otechestven Front" Cursed?
- MEXICO/ USA : 11 Oct. UPDATE: Navy Admits Killing Top Zetas Leader Lazcano...Was Accident; 'La Ardilla' Smirks Over His Arrest For Falcon Lake Murder; Analysis Of Calderon's 'Kill The Capos' Plan.
17 April 2013
USA / EU/ MACRO ECONOMICS / ACADEMICS: 18 April UPDATE: Rogoff/Reinhart Admit Major Error In 2010 Paper; Doctoral Student Herndon Uncovered Errors.
For the macroeconomics wonks, geeks and nerds out there...here's an interesting but somewhat technical news item.
Harvard economists Kenneth Rogoff (above) and Carmen Reinhart admitted making mistakes in a 2010 paper...'Growth in a time of Debt'...that strongly argued for fiscal cutbacks.
The paper was widely cited by USA Tea Party conservatives...and EU austerity advocates.
The 2 authors admit they left some critical date out of their calculations.
The error was uncovered by 3 economists at UMass/Amherst.
Despite the errors...Rogoff and Reinhart still defend the paper's central message.
FOR MORE DETAILS On: Thomas Herndon...the econ doctoral student who spotted the paper's glaring errors.