With over 20 years spent performing in the music industry, Juliana Hatfield has seen just about everything. She’s seen two-inch tape decks give way to the digital recording revolution.
Yesterday, President Obama’s White House Press Office issued its first “blast” e-mail to every regional and local newspaper in the U.S., containing a lengthy 67-page “fact sheet” attachment delineating the concrete impact of the $850-billion stimulus package broken down on a state-by-state basis for every state in the union.
When signing for me a copy of his new book, “The Return of Depression Economics and the Crisis of 2008,” at Washington, D.C.’s National Press Club last week, Nobel Prize winning economist Paul Krugman scribbled, “To Nicholas, Don’t be depressed.”
The news came yesterday that for only the seventh month since 1947, October 2008 marked a one-percent decline in the Consumer Price Index (CPI), suddenly raising the specter of things far worse than a mere recession, but a deflation and depression.