Binyamin Appelbaum

Last updated
Binyamin Appelbaum
Born1978or1979(age 45–46) [1]
Other namesBinya Applebaum
Education University of Pennsylvania (BA)
Occupation(s)Editorial board member, The New York Times
Known for Journalist
Notable workThe Economists' Hour (2019)
Parent(s) Diana Muir Karter
Paul S. Appelbaum
Family Yoni Appelbaum (brother)
Peter Karter (grandfather)
Trish Karter (aunt)
Website www.binyaminappelbaum.com OOjs UI icon edit-ltr-progressive.svg

Binyamin Appelbaum is an American journalist and author. As of 2019, he is the lead writer on business and economics for the editorial board of The New York Times . [2] He was previously a Washington correspondent for the Times, covering the Federal Reserve and other aspects of economic policy, and also had stints writing for The Florida Times-Union , The Charlotte Observer , The Boston Globe and The Washington Post . [3] He graduated in 2001 from the University of Pennsylvania with a B.A. in history. [4] [5] He was an executive editor of the student newspaper, The Daily Pennsylvanian .

Contents

Career

At age 21, while a junior in college, Appelbaum gained attention in New York City after The Daily Pennsylvanian reported on a speech that then-New York Mets manager Bobby Valentine gave at Wharton. Valentine made comments considered critical of the Mets organization, and some in New York media frantically tried to reach Appelbaum, executive editor of the newspaper, to follow up on the story. [6]

In 2007, Appelbaum was part of a team of reporters at The Charlotte Observer who helped shed light on the area's high rate of housing foreclosures and questionable sales practices by Beazer Homes USA, one of the United States' largest homebuilders. A profile of his reporting on the subprime mortgage crisis described how in the early phases of the Great Recession Appelbaum "noticed a strange pattern while compiling a list of foreclosed homes in North Carolina’s Mecklenburg County—clusters were concentrated in new developments. Appelbaum wondered if faulty loans were behind the trend". [7] The Observer′s series led to investigations of Beazer Homes by the FBI, IRS, SEC, and HUD. Beazer Homes has since stopped making mortgage loans nationwide and stopped building homes in Charlotte, North Carolina. [8] [9] [10] Floyd Norris of The New York Times wrote in 2008 how the Observer series likely brought an end to some of Beazer's practices. [11] The series won a Gerald Loeb Award for Medium Newspapers, [12] a George Polk Award and was a finalist for the 2008 Pulitzer Prize in public service. [13]

Appelbaum's November 8, 2018 tweet claiming the term 'gaslighting' was not an "actual English word" sent lookups for the word up 14,000% on Merriam-Webster.com, putting it on their list of trending terms. [14]

The Economists' Hour

Applebaum's first book, The Economists' Hour , was published in September 2019. [15] [16] According to the publisher's summary, Applebaum's book "traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations and hastening globalization." [17]

Personal life

Appelbaum is from Newton, Massachusetts. He grew up a fan of the Boston Red Sox. [6]

He has two siblings: Yoni Appelbaum and Avigail Appelbaum. [1]

Related Research Articles

<span class="mw-page-title-main">Anne Applebaum</span> American historian (born 1964)

Anne Elizabeth Applebaum is an American journalist and historian. She has written extensively about the history of Communism and the development of civil society in Central and Eastern Europe. Applebaum also holds Polish citizenship.

<span class="mw-page-title-main">Pulitzer Prize for Public Service</span> American journalism award

The Pulitzer Prize for Public Service is one of the fourteen American Pulitzer Prizes annually awarded for journalism. It recognizes a distinguished example of meritorious public service by a newspaper or news site through the use of its journalistic resources, which may include editorials, cartoons, photographs, graphics, video and other online material, and may be presented in print or online or both.

<i>The Daily Pennsylvanian</i> Student newspaper in Philadelphia, Pennsylvania

The Daily Pennsylvanian, Inc. is the independent student media organization of the University of Pennsylvania. The DP, Inc. publishes The Daily Pennsylvanian newspaper, 34th Street magazine, and Under the Button, as well as five newsletters: The Daily Pennsylvanian, The Weekly Roundup, The Toast, Quaker Nation, and Penn, Unbuttoned.

Nicholas Confessore is a Pulitzer Prize-winning political correspondent on the National Desk of The New York Times.

<span class="mw-page-title-main">2000s United States housing bubble</span> Economic bubble

The 2000s United States housing bubble or house price boom or 2000shousing cycle was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States.

Apfelbaum is a Jewish surname. It may refer to:

Mortgage discrimination or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion.

<span class="mw-page-title-main">Subprime mortgage crisis</span> 2007 mortgage crisis in the United States

The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. The crisis led to a severe economic recession, with millions losing their jobs and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system, including the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act (ARRA).

Beazer Homes USA, Inc. is a home construction company based in Atlanta, Georgia. In 2016, the company was the 11th largest home builder in the United States based on the number of homes closed. The company operates in 13 states.

United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults.

Diana Muir, also known as Diana Muir Appelbaum, is an American historian from Newton, Massachusetts, best known for her 2000 book, Reflections in Bullough's Pond, a history of the impact of human activity on the New England ecosystem.

<span class="mw-page-title-main">Steven Pearlstein</span> American journalist

Steven Pearlstein is an American columnist who wrote on business and the economy in a column published twice weekly in The Washington Post. His tenure at the WaPo ended on March 3, 2021. Pearlstein received the 2008 Pulitzer Prize for Commentary for "his insightful columns that explore the nation's complex economic ills with masterful clarity" at The Washington Post. In the fall of 2011, he became the Robinson Professor of Political and International Affairs at George Mason University.

<span class="mw-page-title-main">Causes of the 2000s United States housing bubble</span>

Observers and analysts have attributed the reasons for the 2001–2006 housing bubble and its 2007–10 collapse in the United States to "everyone from home buyers to Wall Street, mortgage brokers to Alan Greenspan". Other factors that are named include "Mortgage underwriters, investment banks, rating agencies, and investors", "low mortgage interest rates, low short-term interest rates, relaxed standards for mortgage loans, and irrational exuberance" Politicians in both the Democratic and Republican political parties have been cited for "pushing to keep derivatives unregulated" and "with rare exceptions" giving Fannie Mae and Freddie Mac "unwavering support".

Jake Hooker is an American journalist and recipient of the 2008 Pulitzer Prize for Investigative Reporting and the Gerald Loeb Award for Large Newspapers for investigations done while in China over concerns with how dangerous and poisonous pharmaceutical ingredients from China have flowed into the global market.

<span class="mw-page-title-main">Causes of the Great Recession</span>

Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis. The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with different degrees of success. These included fiscal policies of governments; monetary policies of central banks; measures designed to help indebted consumers refinance their mortgage debt; and inconsistent approaches used by nations to bail out troubled banking industries and private bondholders, assuming private debt burdens or socializing losses.

<span class="mw-page-title-main">2007–2008 financial crisis</span> Worldwide economic crisis

The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, excessive risk-taking by global financial institutions, a continuous buildup of toxic assets within banks, and the bursting of the United States housing bubble culminated in a "perfect storm", which led to the Great Recession.

The Gerald Loeb Award is given annually for multiple categories of business reporting. Lifetime Achievement awards are given annually "to honor a journalist whose career has exemplified the consistent and superior insight and professional skills necessary to contribute to the public's understanding of business, finance and economic issues." Recipients are given a hand-cut crystal Waterford globe "symbolic of the qualities honored by the Loeb Awards program: integrity, illumination, originality, clarity and coherence." The first Lifetime Achievement Award was given in 1992.

<span class="mw-page-title-main">Jonathan Kaufman</span> American journalist born 1956

Jonathan Kaufman is a Pulitzer Prize winning reporter, author, editor, Director of the Northeastern University School of Journalism, and professor of journalism.

<i>The Economists Hour</i> 2019 book by Binyamin Appelbaum

The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society is a book on the historic ascent of economists in influence, written by Binyamin Appelbaum, a New York Times editorial writer, and published by Little, Brown and Company in September 2019.

References

  1. 1 2 Brendel, Martina (April 2007). "Alumni Updates: Dr. Paul S. Appelbaum '72 Comes Home to Columbia". Columbia College Today.
  2. "Binyamin Appelbaum Joins the Editorial Board". nytco.com. New York Times. 13 February 2019. Retrieved 20 June 2019.
  3. Michael Calderone, "NYT Building Economic Team; Hires Appelbaum", Politico, March 9, 2010.
  4. "Binya Appelbaum, C'01". Penn Arts & Sciences at Work. 2019-04-04. Retrieved 2019-06-20.
  5. Christine Huang, "NY Times Reporter Calls for Improved Financial Literacy" Archived May 29, 2015, at the Wayback Machine , The Daily Pennsylvanian, April 9, 2013.
  6. 1 2 https://web.archive.org/web/20100507073212/http://citypaper. [ bare URL ]
  7. Kelly Carr (January 2008). "The Charlotte Observer's 'Sold a Nightmare'". Donald W. Reynolds National Center for Business Journalism. Arizona State University. Archived from the original on June 6, 2008.
  8. Rick Thames, "Observer series named Pulitzer finalist; 'Sold a Nightmare' couldn't have been done without readers" [ permanent dead link ], Charlotte Observer, April 8, 2008.
  9. Don Aucoin, "Globe writer wins Pulitzer Prize for criticism", Boston Globe, April 7, 2008.
  10. "Globe arts writer Feeney wins Pulitzer", The Boston Globe, April 8, 2008
  11. Norris, Floyd (2009-07-09). "At Beazer Homes, It Was See No Evil and Pay No Penalty". The New York Times. ISSN   0362-4331 . Retrieved 2019-06-20.
  12. "2008 Gerald Loeb Award Winners Announced by UCLA Anderson School of Management". Fast Company . October 28, 2011. Retrieved February 1, 2019.
  13. "Observer foreclosure series awarded Loeb". Charlotte Observer. 2 July 2008. Retrieved 28 May 2015.
  14. "📈 Trend Watch: Appelbaum: 'Gaslighting' Not a Word - 11/8/2018 | Merriam-Webster".
  15. "When economists ruled the world They have a lot to answer for, says Binyamin Appelbaum". The Economist.
  16. Appelbaum, Binyamin (8 January 2019). The Economists' Hour. Hachette Book Group.{{cite book}}: |website= ignored (help)
  17. Appelbaum, Binyamin (2019-01-08). The Economists' Hour. Little, Brown. ISBN   978-0-316-51227-5.