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Paul Krugman News

Ajit Balakrishnan: S&P downgrade's secret peril
The recent downgrade of the United States sovereign credit rating by Standard and Poor’s (S&P) has left many people speechless. Nobel laureate Paul Krugman has likened S&P’s attitude to that of “a young man who kills his parents, then pleads for mercy because he is an orphan”. S&P and its sister rating agencies, he says, have played a major role in causing the current budget
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