Write your favorite reporter and ask "off the record" what you need to do to get the real news!
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End the Economic News Blackout!
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Re: End the Economic News Blackout!
Originally posted by Sapiens View PostWrite your favorite reporter and ask "off the record" what you need to do to get the real news!Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. -Groucho
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Re: End the Economic News Blackout!
agreed. For example, you can listen to our clueless MP's discussing the crisis each week on Question Time. It's going to be a slow and painful ride.
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Re: End the Economic News Blackout!
I am sure it does not have anything to do with this:
http://www.freepress.net/ownership/chart/main
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Re: End the Economic News Blackout!
From The Washington Post
love to hate this guy, but lately...
Don't Reinflate the Old Bubbles
By Steven Pearlstein
Wednesday, October 14, 2009
“Just because Goldman is recommending this to its clients, however, doesn't mean Goldman is putting its own money behind the new bull market in mergers and acquisitions. Indeed, it is just as likely that Goldman is preparing to short the very takeover stocks it is touting to the public, just as it did in the late stages of the real estate and mortgage bubble. It's all perfectly legal. And it is perfectly in keeping with what we know about Wall Street's most successful firms, which is that if they stumble on a profitable trading strategy, the last person they are likely to share it with is you.”
"...then it is perfectly possible to wind up with high inflation and high unemployment at the same time."
http://www.washingtonpost.com/wp-dyn...101303224.html
and
Defections Expose Chamber's Dirty Little Secrets
By Steven Pearlstein
Friday, October 16, 2009
It's been a lousy week for Tom Donohue and his pals over at the U.S. Chamber of Commerce.
For months now, Tom has been crisscrossing the country looking for corporate donations with which to launch a campaign to "remind, educate and persuade" Americans that the free enterprise system is what has made America great and is what will once again "lead us back to prosperity."
Normally, it wouldn't take a $100 million propaganda effort to convince most Americans of the value of "individual initiative, hard work, freedom of choice and free exchange of trade, capital and ideas." But inasmuch as the country is now mired in the worst recession in 75 years after a decade in which the government pursued the rabidly free-market agenda espoused by the Chamber, you can appreciate Tom's problem.
The Campaign for Free Enterprise, of course, is not really about creating 20 million jobs over the next decade -- if Chamber members could double their profits while creating not a single new job, that would suit them just fine. Rather, it's nothing more than a desperate attempt to repackage the same old anti-tax, anti-regulation, anti-government rhetoric in hopes of derailing the major initiatives of the Obama administration and the Democratic Congress.
Unfortunately for Tom, the world is finally catching on to his game…
http://www.washingtonpost.com/wp-dyn...101504000.html
But then the comments…
readers = a bunch of fat bald friars sword fighting with baloney bludgeons.
“This is a very good story about an organization that hates Americans who work with their hands.”
“Nowadays business is all about conniving, cheating, and finding ways to get around the law. The "invisible hand" has turned into a pickpocket.”
“The democrat terrorist party is endangering our forces.”
”reenact glass steigel now! or we will all go to hell in a financial riot that makes the french revolution look like a tea party.”
“This is a market rally for carnival marks.”
“For the record, GS paid back every penny of the $10B TARP loan, with interest. The US Taxpayer earned an anualized return of 23% on that loan.”
“Yeah that's what they want you to think so they can pay themselves huge bonuses, but in reality their money came via AIG which was 180 Billion and you'll never see a dime of that. Try reading the newspaper that lands on your doorstep every morning.”Last edited by Thailandnotes; October 17, 2009, 06:13 PM.
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Re: End the Economic News Blackout!
Kevin G. Hall of McClatchy's gets it.
http://www.itulip.com/forums/showthr...009#post129009
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