Sunday, January 22, 2012
Gingrich: I Will Take on the Big Boys on Wall Street
"People are just sick and tired of being told what they’re allowed to think, what they’re allowed to say"
Monday, January 16, 2012
Should Journalists Tell the Truth?
New York Times: Should The Times Be a Truth Vigilante?
I’m looking for reader input on whether and when New York Times news reporters should challenge “facts” that are asserted by newsmakers they write about.Jay Rosen
Something happened in our press over the last 40 years or so that never got acknowledged and to this day would be denied by a majority of newsroom professionals. Somewhere along the way, truthtelling was surpassed by other priorities the mainstream press felt a stronger duty to. These include such things as “maintaining objectivity,” “not imposing a judgment,” “refusing to take sides” and sticking to what I have called the View from Nowhere."
Sunday, January 15, 2012
Gingrich Threatens to Sue TV Stations For Airing Romney Ad
"In turn, we do hereby DEMAND that your station immediately REFUSE, and if started, CEASE airing any such advertisements," the letter said.
Saturday, January 07, 2012
Unemployment Falls to 8.5%
Dollar Rises Against Euro, Yen
Jobless Rate Falls to 8.5%
U.S. Jobless Rate Drops to Lowest Level Since February 2009
200,000 Jobs Added in December
Jobs
Since Start of Recession (Dec. 2007) - MINUS 6,083,000
Since President Obama Took Office - MINUS 937,000
Jan - Dec. 2011 - PLUS 1,640,000
Saturday, October 15, 2011
Friday, October 14, 2011
The Most Indebted Country In The World
Dealbook: A Call for a Write-Down on Irish Debt
Oct. 14 (New York Times) -- DUBLIN -- A major write-down on Greek debt appears to be inevitable. But what about Ireland?
Bailed-out Irish banks continue to pay interest to their bondholders on 75 billion euros in debt -- about half the country's gross domestic product -- and despite Ireland's improved economic performance over the past year, many here believe that these institutions should suffer the same haircut that the banks holding Greek debt are expected to absorb.
"We need to write this stuff off," said Peter Mathews, a voluble banking and real estate consultant who was recently elected to the Irish Parliament on a robust bank-bashing platform.
Mr. Mathews estimates that if you include household and nonfinancial corporate debt, Ireland's total debt burden is a shocking 490 percent of its G.D.P. -- which, he claims, makes Ireland the most indebted country in the world.
No Dumpster Diving!
Sunday, September 25, 2011
This Week with Christiane Amanpour - September 25, 2011
David Plouffe - Presidential Advisor
Austan Goolsbee - Fmr Obama Economic Advisor
Mohamed E-Erian - CEO Pimco
Chrystia Freeland
George Will
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Amanpour: wow look at the newly combative Obama!
Plouffe: We need action Christiane! Now!
Amanpour: Harry Reid says there’s jam on the floor
Plouffe: But Boehner said Obama was jello
Amanpour: incredibly some Democrats don’t
like parts Obama’s jobs plan
Plouffe: it’s got tax cuts, new schools, fast trains and
fun for the whole family
Amanpour: John McCain’s economic advisor says
it’s only a band-aid
Plouffe: Well when you’re bleeding you use a
damn band-aid!
Amanpour: that’s technically true
Plouffe: it’s called the American Jobs Act -
who doesn’t like American jobs?
Amanpour: Bill Clinton and other rich people said
we shouldn’t raise taxes on the rich
Plouffe: it’s a question of fairness Christiane
Amanpour: I suppose
Plouffe: we’re cutting taxes for everyone but the rich
who take advantage of these ridiculous loopholes
Amanpour: is it time to panic?
Plouffe: No - that was a year ago
Amanpour: thanks for coming
[ break ]
Amanpour: Oh noes the Dow is down!!!
Audience: aayyyiiiieee
Amanpour: George you are an expert on
international economics
Will: Imagine if things were really bad - that’s what
we face in my imagination
Amanpour: wow
Will: the next recession is the fault of lazy
unionized Greeks
Goolsbee: Europe sucks - USA! USA!
El-Erian: the world finally staged an intervention
with Europe - it was on Bravo and very moving
Freeland: this is like 2008 - everyone knows an
economic collapse is coming but no one is doing at anything about it
Amanpour: what is going to happen in Europe
in two words?
Freeland: massive shrinkage
El-Erian: we need a Sputnik moment!
Will: let Greece fail!
Amanpour: but George that’s terrible
Will: the fucking Italians are going to bring
us all down - screw ‘em all
Freeland: you’re an idiot
Goolsbee: Europe’s banks have no assets -
only worthless mortgages and stolen Holocaust art
Amanpour: is the political system completely broken?
El-Erian: we are all in the back seat of a car driven
by politicians bickering on their iPhones instead
of watching the road
Amanpour: what if the Chinese stop not buying our stuff
Freeland: the Chinese are freaked out by Tea Party
Amanpour: I know the feeling
Will: it takes real courage to admit that trying to
unify Europe was a bad idea - look at how successful
Europe was from 1914 - 1945
Goolsbee: The European Union has become a
Monty Python skit
Europe: We're an anarcho-syndicalist commune
but we take it in turns to act as a sort of executive
officer for the week but all the decision of that
officer have to be ratified at a special biweekly meeting
Amanpour: okay okay
El-Erian: we should fix housing, credit and growth
Amanpour: brilliant
Freeland: Businesses are rich but they won’t spend their money
Will: Barack Obama is persecuting Boeing
Amanpour: no one expects the Obama Inquisition!
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