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March 18, 2008
The “Wall Street versus Main Street” cliché has infiltrated the mindset of reporters covering the economy. And government action has become the standard push for economic sectors in trouble.
…
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March 17, 2008
Chicken Little is loose again, this time on CBS’s “Early Show.”
The March 17 “Early Show” reported the news of J.P. Morgan’s bailout of the troubled investment bank Bear Stearns as if it were a…
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March 19, 2008
The business of journalism has become more fluid and the question about who should be protected as a “journalist” has become unclear. The question whether bloggers deserve to be protected by shield laws has often come up in…
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March 18, 2008
In free market capitalism, especially in an event with the magnitude of Bear Stearns’s collapse, there are losers and believe it or not, there are even some winners.
“[S]o, the free market…
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March 6, 2009
Another day into the new era of Obama in Washington, D.C. and it’s another down day for the stock market.Since President Barack Obama took office on Jan. 20, the Dow Jones Industrial Average (DJIA) has lost more than 1,000 points. The cover story of…
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March 10, 2008
Global warming “solutions” covered by the mainstream media keep getting more and more radical. But this time, there’s much more involved than using a different type of light bulb, taking the bus to work or using less toilet…
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March 10, 2008
Although the news that New York Governor Eliot Spitzer was involved in a prostitution ring was greeted with shock in most circles, Wall Street had a different reaction.
According to CNBC New…
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March 2, 2009
Reagan called them the nine scariest words when uttered together: “I’m from the government and I’m here to help.”That is unless the government comes in the form of President Barack Obama, who’s policy responses during the economic downturn are above…
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February 25, 2009
In America, “nationalization” used to be a dirty word. But that was prior to this era of government intervention to save industries and institutions deemed “too big to fail.” Now, state involvement in – and even ownership of – certain sectors of the…
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March 10, 2008
The media are quick to blame everyone – especially lenders – except borrowers for the subprime mortgage “crisis.” The March 9 “CBS Evening News” found another way to demonize home lenders instead of the borrower who took on…
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