March 17th, 2011 — Government
If you listen to MSNBC and FOX news on TV, you hear two very different stories about the state budgets. According to FOX, the states are in danger of bankruptcy. The situation is dire. We must DO SOMETHING NOW! According to MSNBC, at least when it comes to Wisconsin, Rachel Maddow and others will tell you that there is no state budget problem.
Who’s right? NEITHER!
(1) State pension funds followed banks into the same boat
Many state pension funds did the same thing that banks did. Continue reading →
March 15th, 2011 — Word of The Day
Externalities – social costs (or benefits) from private enterprises
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March 9th, 2011 — Economics and Investing
Were you “punk’d” by the Screaming Headline, “Democrats to End Union Standoff“ in the Wall Street Journal on Monday March 7th, 2011? I was, and surely I knew better. I’ve been watching how Murdoch’s Wall Street Journal spins the news for the past two years.
No, I don’t use the New York Times or Huffington Post as a reality check of the Journal. I use the Financial Times from London, England. The Financial Times often covers the same stories as the Wall Street Journal, but it does so quite differently. Let’s look at three cases in point.
WSJ‘s deception through the wording of headlines
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