Greg Ip, who has covered the Federal Reserve and the economy for The Wall Street Journal for the past seven years, is leaving the paper to become the U.S. economics editor for The Economist, reports Robert MacMillan of Reuters.
“At The Economist he will be responsible for writing and reporting on the U.S. economy and economic policy, including the Federal Reserve, he wrote in an e-mailed statement.
“‘This is an extraordinary opportunity for me to expand my horizons, to learn a more analytical and critical style of writing, to serve a rapidly growing and discerning readership worldwide, and to work with a remarkable group of journalists and editors who share my passion for economics,’ he wrote.
“Ip’s stories in the Journal have been widely followed by financial market participants seeking clues into the Federal Reserve’s thinking about interest rates and the economy.”
Read more here. And here is Dow Jones Newswires, which is owned by the same company as the Journal, following the Reuters story about one of its co-workers.
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The following comment is from The Economist for David Ip.
Dear David,
I watch your discussion in News Hour with interest. Some of my views
are posted at the web site of Paul Solman:
http://www.pbs.org/newshour/businessdesk/
The enclosed question for the new administration could be of interest
to you. Thank you for your consideration.
Best regards,
Hugh Ching
http://post-science.com/ching.htm
Valuation is at the heart of the financial crisis. We need correct
valuation for the troubled assets, which are stopping banks from
lending. Funding priorities in the stimulus package should be based
on the rate of return on investment, which can only be determined from
correct valuation (regulations.gov 4810-25-P; comments by Hugh Ching).
As early as 1984, real estate appraisal authorities picked our
mathematically rigorous solution of value (Patent No. 6,078,901) to
solve the S&L Crisis. Valuation is the foundation of economics. Or
economics must start from the solution of value. Unable to solve the
problem of value, our economy will be in constant financial crises.
The solution to financial crises is the solution of value.
My question is:
"Except our solution of value, is there a correct solution of value
which can predict and solve financial crises?"
Our solution of value has predicted publicly since 1984 the S&L
Crisis. It detected the Subprime Woe, and I warned the Federal
Reserve in June 2006, just two week before it first flared up. Until
we have solved the problem of value, financial crisis will grow bigger
and more fierce, even if by some random chance we have the current
crisis under control. The progress of society should be based on
knowledge, not money of politics. Thank you for your consideration.
### Hugh Ching, Post-Science Institute 2/2/2009