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Chained CPI could cost retiree $650/yr

WASHINGTON, April 6 (UPI) -- For an average U.S. worker retiring at age 65, the proposed Chained Consumer Price Index would cost $650 a year by age 75, a non-profit group says.

Fed hires Bear Sterns executive ... really

NEW YORK, Nov. 4 (UPI) -- The Federal Reserve Bank of New York, not without some flack, has hired a former Bear Stearns risk assessor to help with bank supervision.

Candidates offer ideas on Social Security

WASHINGTON, July 8 (UPI) -- Both major U.S. presidential candidates are proposing dramatic changes to Social Security, but they diverge on how to keep the program solvent, observers said.

Oil firms boom on Iraq war

HASTINGS-ON-HUDSON, N.Y., Jan. 28 (UPI) -- As ExxonMobil prepares to celebrate what could be a record profit, company officials and stockholders might want to join in a moment of silence for the more than 1 million war dead in Iraq.
NICK MOTTERN, UPI Outside View Commentator

Builders use sales, auctions to move homes

WASHINGTON, Oct. 8 (UPI) -- Price cuts, financial deals and other incentives are being used by builders to counter the soft housing market and move newly built but unsold homes.

BP risk rises with longer working hours

IRVINE, Calif., Aug. 30 (UPI) -- A University of California study says the risk of high blood pressure increases with longer working hours. The study done at the UC-Irvine campus was based on a telephone survey of more than 24,000 California workers and analyzed by a team led by Drs. Hai

Risky mortgages proliferating in U.S.

WASHINGTON, Jan. 18 (UPI) -- Nearly half of all first-time U.S. homebuyers took title to their properties without putting a cent down, an industry group says.

Report: U.S. buyers rush into risky loans

NEW YORK, June 3 (UPI) -- An increasing number of U.S. house buyers are choosing risky mortgages like adjustable-rate and interest-only loans.

Online tool calculates social security

WASHINGTON, Feb. 25 (UPI) -- In an effort to get to numbers straight on social security benefits, the Center for Economic and Policy Research, in collaboration with the Institute for Women'
HOLLI CHMELA, UPI Correspondent

Watercooler Stories

A study using the science of surface metrology finds that Easter chocolate tastes better if warm.
ALEX CUKAN, United Press International

Class war defense of tax bill called wrong

WASHINGTON, May 23 (UPI) -- Class differences should have been taken into account in the debate over President George W. Bush's tax cut proposal, says a recent report from a liberal New Yo
LISA TROSHINSKY, For United Press International

Think tanks wrap-up

WASHINGTON, April 25 (UPI) -- The UPI think tank wrap-up is a daily digest covering opinion pieces, reactions to recent news events and position statements released by various think tanks. C

Think tanks wrap-up II

WASHINGTON, April 23 (UPI) -- The UPI think tank wrap-up is a daily digest covering opinion pieces, reactions to recent news events and position statements released by various think tanks. T

Analysis: Should we hang the analysts?

WASHINGTON, April 11 (UPI) -- "High gallows, and a windy day, for Billy Pitt and Castlereagh!" caroled the Dublin taverns at the time of the Irish Act of Union with Britain in 1801. In those days, policy differences seem to have been taken seriously! A paper "Dangerous minds" presen
MARTIN HUTCHINSON, UPI Business and Economics Editor

Washington Agenda-General

UNITED PRESS INTERNATIONAL
By United Press International
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Dean Baker (b. July 13, 1958) is an American macroeconomist and co-founder of the Center for Economic and Policy Research, with Mark Weisbrot. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.

Since 1996 Baker has been the author of a weekly online commentary on economic reporting. The Economic Reporting Review was published from 1996 to 2006; subsequently he has continued this commentary on his weblog Beat The Press, which was formerly published at The American Prospect, but is now located at the CEPR website.

Baker graduated from Swarthmore College (B.A., 1981), the University of Denver (M.A., 1983) and the University of Michigan (Ph.D.). As a grad student at the University of Michigan, Baker participated in, and was arrested at, two sit-ins protesting Rep. Carl Pursell's votes for military aid to the Contras. In 1986, Baker defeated Donald Grimes in the Democratic primary and ran unsuccessfully against Pursell to represent Michigan's second Congressional district.

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