- Karen Kwiatkowski today on LewRockwell.com points out that the New York Times handled its plagiarism problem with “a kind of accountability that makes a newspaper great, and keeps it vibrant.” She further contrasts the NYT’s meritorious response to that the of US government during the war on Iraq, in which which lie after lie was exposed but never admitted.
- More low-dollar revisionism from USA Today.
- Bloomberg reports an astonishing 8.9% growth in China during April from a year ago, while Japan’s GDP likely fell in first quarter. The EU says that the German, Italian, and Dutch economies are solidly in recession.
- In US market trends, gold has moved opposite the dollar in the last few days, producer prices are down due to oil, homes sales once again recorded a record in the 1st quarter, and the The Fed’s Robert McTeer issued his monthly announcement that the US economy is on the mend.
- The Christian Science Monitor reviews Ira Rifkin’s new book that documents how disgruntled people of the many different religious faiths are with global prosperity. Of course, there’s solution for this that escaped Rifkin’s notice: voluntary poverty. Such meditations aside, the Hindu\Indian business publication Rediff runs a commentary on exchange rates that quotes F.A. Hayek on industrial fluctuations.
