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

Newt Gingrich has threatened to sue TV stations airing ads by a group backing Mitt Romney claiming he was fined for ethics violations. In letters sent to TV stations in Florida and South Carolina, the Gingrich campaign, said ads asserting the Georgia Republican was "fined" for violating House ethics rules are false and represent "a defamatory communication, which exposes this station to potential civil liability," NBC News reported Thursday.

"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

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!

NOGENT, France, Oct. 14 (UPI) -- The mayor of an affluent Paris suburb says as a result of recent incidents citizens are being banned from digging through other people's trash.


Sunday, September 25, 2011

This Week with Christiane Amanpour - September 25, 2011

Guests:
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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