Word: baker
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...tangled in the numbers. "I wouldn't worry too much about a small amount above or below," says Dean Baker, co-director of the Center for Economic and Policy Research, who has done his own analysis of price-to-rent ratios. "It's when you see large divergences that it matters." After all, there are other considerations that go into the decision to buy a house. When Choe bought last fall, he figured the air was still coming out of real estate, but his older son was about to start kindergarten, and he wanted to settle into the right school...
...another example take, well, Dean Baker. He and his wife sold their condo in Washington in the spring of 2004 and started renting. The cost of a house relative to a typical apartment rent had doubled in four years - you didn't have to be an economist to notice. That spread has narrowed substantially, but by Baker's calculations, there's more to go. Yet that didn't stop him from buying a couple of months ago. "We got an interest rate at the absolute bottom," he says, "and we wanted outdoor space...
President George H.W. Bush awarded medals to Generals Norman Schwarzkopf and Colin Powell - who also earned one from Clinton - Secretary of State James Baker, then Secretary of Defense Dick Cheney and Security Adviser Brent Scowcroft in 1991. In a similar move, President George W. Bush gave the nod to Tommy Franks, the retired Army general who led the Iraq and Afghanistan invasions; former CIA Director George Tenet; and L. Paul Bremer, who oversaw reconstruction in Iraq. Bush said the three men had "played pivotal roles in great events" to make "our country more secure" - a sentiment that wasn't exactly...
...When he rose to chairman in 2007, Rangel became the first African American ever to hold the position. "To be the chairman of the House Ways and Means Committee is probably as close to being a major figure in a European monarchy as we have to offer," says Ross Baker, a political-science professor at Rutgers University. "The chairman is subject to the largest numbers of entreaties and colossal deference because everybody has got a tax angle. It means you are paid court by every lobbyist in Washington." (Read TIME's 1970 article about Rangel, "New Man from Harlem...
That's why critics don't think the program was worth the effort, questioning if niche industries like boats and RVs deserve the same financing aid as the auto industry. Dean Baker, co-director of the Center for Economic Policy and Research said that although the financing program leaves some of the risk on the lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this...