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In The Red

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Tuesday, April 19, 2011

Following news that Standard and Poor's had cut its long-term outlook on U.S. debt to negative, the Dow Jones industrial average (INDU) fell 180 points (Spencer Platt/Getty)

Standard & Poor’s has downgraded the outlook for United States debt to “negative." Simon Johnson, former chief economist of the International Monetary Fund and professor at the MIT Sloan School of Management, discusses why they made that move. Plus: New York Congresswoman Nan Hayworth discusses the ongoing battle in Congress over the national deficit; and Manhattan Borough President Scott Stringer tries to streamline the process of setting up community farmers markets.

Downgrade to Negative

Simon Johnson, former chief economist of the International Monetary Fund and professor at the MIT Sloan School of Management, talks about why Standard & Poor's downgraded the outlook for U.S. debt to "negative" and how that factors into the ongoing battle over the national debt. Washington Post Economic Policy Reporter reporter Lori Montgomery joins the conversation to talk about how the S&P rating might change the political landscape of debt in Washington.

 Listen, Read a Recap and Add Your Comments at It's A Free Country

American Electric Power v. Connecticut

Richard B. Stewart, director of The Frank J. Guarini Center Center for Environmental and Land Use Law, talks about the case being heard today in the Supreme Court: American Electric Power v. Connecticut.

Comments [2]

Open Phones: Teachers' Evaluations

Teachers: How do you think schools and teachers should be evaluated? If you don't believe in relying on standardized tests, what standards would you use? Call us and tell us how you think you and your school should be evaluated. Call us up or comment here!

Comments [14]

Congress Member Hayworth on the Debt

Congresswoman Nan Hayworth (R-NY 19) discusses the battle in Congress over the national debt.

 Listen, Read a Recap and Add Your Comments at It's A Free Country

Red Tape at Green Markets

Scott Stringer, Manhattan Borough President, discusses a recent report, "Red Tape, Green Vegetables: A Plan to Improve New York City's Regulations for Community-Based Farmers Markets," and his proposals for what can make the system easier.  Karen Washington, an urban farmer based at the Garden of Happiness in the Bronx, joins the conversation and talks about the procedure for farmers getting into green markets.

Comments [22]

Open Phones: Fudging Your Taxes

Yesterday on the show we talked about GE's use of creative accounting to avoid paying income tax. How about you? If you weren't completely honest about your taxes, let us know why. Post a comment here, or call 212.433.WNYC and discuss how you tweaked your return. And, of course, all comments can be anonymous!

Comments [19]

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