Economy

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- Fox business anchor Cavuto let Snow peddle false stock market performance stats
  Posted by newscloud from Media Matters
  On the October 20 edition of Fox News' Your World, host and Fox News managing editor of business news Neil Cavuto failed to challenge White House press secretary Tony Snow's false claim that "since the president cut taxes in 2003, the Dow Jones is up 60 percent. The Nasdaq is up 80 percent....
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- CNNs Velshi reported Dow reached "a new record," but did not account for inflation
  Posted by newscloud from Media Matters
  On the October 19 edition of CNN Newsroom, business news anchor Ali Velshi reported that the Dow Jones Industrial Average has been setting "record after record after record," and that by closing at 12,011.73 on October 19, the Dow had reached "a new record. ... The first time ever [closing] over 12...
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- Take This Job and Ship It: Senator Dorgan on The Colbert Report
  Posted by newscloud from Crooks and Liars
  Senator Byron Dorgan (D-ND) joined Stephen in the Colbert Nation Wednesday night to discuss his new book, Take This Job And Ship It: How Corporate Greed And Brain-Dead Politics Are Selling Out America. As Chairman of the Democratic Policy Committee, Senator Dorgan has conducted the only meaningful ...
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- Men Not Working, and Not Wanting Just Any Job
  Posted by Billbar from New York Times
  Millions of men like Mr. Beggerow — men in the prime of their lives, between 30 and 55 — have dropped out of regular work. They are turning down jobs they think beneath them or are unable to find work for which they are qualified, even as an expanding economy offers opportunities to work. About 13 percent of American men in this age group are not working, up from 5 percent in the late 1960’s. The difference represents 4 million men who would be working today if the employment rate had remained where it was in the 1950’s and 60’s.
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- To the U.S.: “Thanks for the Money!” -Halliburton
  Posted by Billbar from firedoglake
  While members of the GOP did endzone dances in celebration of the fourth highest deficit — ever — there were some interesting developments this week with government spending on Bush’s misadventure in Iraq and the underworld of war profiteering.
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- Britain and world set for 'hard landing'
  Posted by Billbar from Times Online
  Fears are growing of a sharp slowdown in the global economy, triggered by big increases in energy prices and rising interest rates. Economists at HSBC say there is a greater risk of a “hard landing” for both the world economy and Britain. Oil prices hit a record of more than $78 a barrel on Friday, driven up by the escalating Middle East conflict. At the same time the Bank of Japan ended its zero interest-rate policy by raising its key rate, for the first time in six years, to 0.25%.
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- Hannity repeated false claim that Reagan oversaw "longest period of peacetime growth"
  Posted by newscloud from Media Matters
  On the July 6 edition of his nationally syndicated radio show, Fox News host Sean Hannity again repeated the false claim that former President Ronald Reagan oversaw "the longest period of peacetime growth in American history." In fact, as Media Matters for America has documented when Hannity previo...
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Damianmann comments on:
Top Government Official Says US on Verge of Economic Disaster

I try to focus on the “happy” stories

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2:58 pm 10/29/06

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SoxFirst
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Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.
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Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.
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Economy

Damianmann comments on: