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February 10, 2010
There are at least two schools of thought in economics. One of them – Keynesian economics – suggests that consumption is the most important element and therefore spending is the way to restore a faltering economy.This is the theory that’s been…
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October 1, 2008
Speaker of the House Nancy Pelosi blasted free market capitalism (and the GOP) in front of the entire nation on Sept. 29 as the debate raged over a potential $700 billion bailout.
“They claim…
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January 29, 2010
Fourth quarter GDP growth “beat expectations,” exciting some journalists on Jan. 29. But a number of economists were downbeat.The 5.7 percent growth for the last quarter of 2009 sparked media reactions on both MSNBC and CNN.Savannah Guthrie declared…
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February 5, 2010
The Bureau of Labor Statistics released the monthly jobs report on Feb. 5, showing an “unexpected” decline in the overall unemployment rate. But the reactions from two cable news channels were markedly different.CNN’s Allan Chernoff called it “a…
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January 22, 2010
The news media have often taken President Barack Obama’s side against banks, portraying bankers as the villains. But that was not the case on “American Morning” Jan. 22.Business correspondent Christine Romans surprisingly blamed the previous day’s…
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January 27, 2010
In an attempt to boost flagging approval ratings, President Barack Obama announced a series of initiatives aimed at helping out the middle class on Jan. 25, two days ahead of his State of the Union address.
The networks, which have protected…
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January 21, 2010
Americans are generous people, and they prove it every time a disaster strikes like last week’s earthquake in Haiti. They have donated more than $275 million to relief efforts in the Caribbean nation in the week since the quake.
Nearly one-…
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January 21, 2010
Liberal billionaire investor Warren Buffett has been very popular among the news media, but that might not hold if Buffett continues to dissent from President Barack Obama.On Jan. 20, Bloomberg reported that Buffett opposed Obama’s proposal to tax a…
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September 24, 2008
As politicians point fingers over who created the financial mess that has taken down major Wall Street players and resulted in the government takeover of Fannie Mae and Freddie Mac, the broadcast media’s role in the disaster…
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January 14, 2010
Corporations often take a beating from the news media, but on Jan. 14 CNN found a reason to praise the actions of several U.S. companies.“Corporate America contributing millions of dollars to the relief effort in Haiti as well as providing some…
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