The Great Debate

Getting the numbers right on Harlem schools

August 31, 2011

By Jenny Sedlis
The opinions expressed are her own.

I note that Michael Winerip has chosen to use data about Harlem Success Academy’s student body as the central piece of factual evidence in his reply to Steven Brill.  Harlem Success Academy had 9.5% English Language Learners in 2009-10, not the 1.5% that Michael Winerip reported.  The statistics are publicly available (as a ZIP file) in the section NYSESLAT Annual Results*: Source: NYSED School Report Card Database 2009-10 URL:

The Fed must print money to head off a global crash

August 31, 2011

By Adam Posen
The opinions expressed are his own

It is past time for monetary policy to be doing more to support recovery. The Jackson Hole conference has come and gone, and no shortage of excuses was provided for central banks to hold their fire — even though most economists acknowledged the grim outlook for the advanced economies.

The sad flaw of measuring hurricanes by GDP

August 30, 2011
By David Callahan
The opinions expressed are his own. 

Hurricane Irene may not have lived up to all the media hype, but it still did billions of dollars in damage. Some analysts say cleaning up the mess will boost Gross Domestic Product for the second half of 2011. These estimates are surely correct – and remind us why GDP is such a perverse way to measure economic progress.

Tea Party cools as Keynes makes a comeback

August 30, 2011

By Nicholas Wapshott
The opinions expressed are his own.

Is the Tea Party running out of steam? I ask because there appears to be growing evidence that the Mad Hatters’ wild ride, culminating in Obama’s defeat last month over the debt ceiling at the hands of the Tea Party in Congress, has slowed to a trot. Exhibit one, the entrails of the most recent Pew poll where there is a startling finding. Just two months ago, those who believed trimming the deficit was the nation’s top priority outnumbered those who wanted more spending “to help the economy recover” by ten percent. Today, the number who advocate more government spending to fix the lackluster economy are neck and neck with those who wish to cut the budget deficit without delay.

Reinventing America — from the bottom up

August 30, 2011

By Peter Sims
The opinions expressed are his own.

With Europe on the precipice, economically and politically, and U.S. institutions experiencing a significant crisis of moral leadership in the wake of the debt ceiling debacle, any student of history can predict that the world is approaching an inflection point.

Brill versus Winerip, continued

August 29, 2011

The debate around Steven Brill’s new book “Class Warfare” continues to swirl. A review/essay in Monday’s New York Times by Michael Winerip accused Brill of largely ignoring the views and experiences of teachers. Like some other Brill critics, Winerip accused the book of overstating the success of charter schools, and overallocating blame for failed schools to teachers’ unions where other factors–such as poverty–may be at work.

Jobs made Apple great by ignoring profit

August 29, 2011

By Clayton Christensen and James Allworth
The opinions expressed are their own.

Steve Jobs retires as the CEO of Apple with a reputation that will place him amongst the pantheon of history’s great global business leaders. Many people have written about what makes Jobs and Apple special, but I think they’re missing what truly set him apart. Jobs has succeeded by eschewing the one thing that most people view as the raison d’être for companies — profit.

Steven Brill responds to Michael Winerip

August 29, 2011

This is a response to Michael Winerip’s review of “Class Warfare” in Monday’s New York Times.

Buffett cash won’t solve Bank of America’s problems

August 26, 2011

By Keith Mullin, Editor at Large, International Financing Review
The views expressed are his own.

Can Americans hear that they are overstretched?

August 26, 2011

This is a response to Nader Mousavizadeh’s latest Reuters column, “A smaller America could be a stronger America.”