Robert Reich's "ode to Labor Day" raises key questions: Why isn't the media screaming about the stack of bad job and wage numbers? And without jobs, where does the demand come from to dig us out?
Archman Investor hails from beautiful Long Island, New York. (Where only an idiot would choose to move and pay the absurd taxes they force you to pay. So if you are thinking of moving here and enjoy giving most of your hard earned money away, welcome aboard.) He graduated with a Bachelor of... More
<<Why isn't the media screaming about the stack of bad job and wage numbers?>>
You have to be kidding me right? The media no longer "reports" the news. It is about hype. It is about getting inside a persons head and getting them excited. The financial media and all their anchors fall back to the same argument EVERY single time someone with any real credibility or brain power debunks this notion that the recession is over. That argument is: "Well the S & P 500 is up 50% of the lows, so that means everything is OK now." That is the only argument the self serving pundits on TV (whose sole job is to "convince" mom and pop americans to get their money in the market now) have to fall back on.
Things take time to occur. Maybe when the unemployment rate gets to 15%, 30 million people are unemployed, and the government just can't extend the unemployment/ welfare benefits anymore will people finally wake up and take back their country.
Right now I see none of that happening because I-Phones and reality TV are just way to important to the average American right now.
Upon returning from my second tour in Vietnam in 1972, I attended the University of Nebraska-Lincoln to obtain a degree in economics. I received my MBA from George Washington University with a concentration in MIS. I spent several years in transportation ending up in Stevens Point, Wisconsin as... More
Archman - "The media no longer "reports" the news." The MSM is of the opinion (just in case you haven't figured this out yet) that they "make the news." News is no longer something that happens. News is what the MSM says it is, whether it has any resemblance to reality or not. As a matter of fact, I believe that the MSM also thinks that it controls reality, being able to interpret facts and data to support their agenda with just a "little" spin. Their opinions are the news!
To answer the author's questions: The headlines you (we) would like to see do not fit the MSM agenda and are therefore not considered news at all.
Harry Tuttle is an aspiring independent thinker who is barely arrogant enough to create a blog, but not enough to take himself too seriously. He is a mildly successful speculator who has managed to survive many bear markets resting mainly on his cynicism and paranoia. He prefers anonymity in the... More
I agree with Archman (above). The American society has gotten used to measure everything through the S&P.
Even many of the unemployed remain hopeful because they see the stock market going up. After all, that is what they saw in the last recession and there is no shortage of so-called experts reassuring them about the infallibility of the stock market.
Mark Bern: Man, do you have their number. MSM has become a complete joke. We got a self professed communist revolutionary on the white house staff saying Bush was in on 911 and ABC news and Jeffy Immelt's NBC say absolutely nothing. CBS calls it out but spins it so bad you might have thought the rest of us were a bunch of birthers.
"We got a self professed communist revolutionary on the white house staff saying Bush was in on 911 ." Source please, and not a link to Glen Beck's site.
As the author of "A Modern Approach To Graham and Dodd Investing," http://www.amazon.com/Modern-Approach-Graham-Investing-Finance/dp/0471584150/ref=sr_1_1?ie=UTF8&s=books&qid=1260900496&sr=1-1.html I use a relatively pure form of the Graham and Dodd methodology reminiscent... More
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
The media is more fascinated with the lives of the rich and famous in New York, Washington and Hollywood. The media is, more and more, owned by the rich and famous who DO NOT WANT a deep, incisive media with a passion for social and economic issues and principles. FASHION. Michael Jackson was the story of the year, not the poor of the world who have been devastated by bankers' miscalculations. We're losing our democracy; and it is being replaced by the 'it's all good mentality' served up in tv and newspaper gossip magazines.
When the media identifies with the rich, we have global parties followed by a global depression. When the media identifies with the poor, we have global unrest followed by global conflict. Followed eventually by a rainbow. Light appears, saves, expands, crystallizes, breaks; falls, shatters, disappears underground, rests, reconfigures itself, coalesces, rises, and re-appears as the symbolic rainbow. That's how we know it is Spring: the rainbow re-appears.
Michael J. Clark was born and raised in Sinclair, Wyoming. He is a poet, novelist, artist, historian, and market analyst. His fine arts portfolio can be found at the following address: http://www.hoalantrangallery.com/MJC2.htm His writing portfolio can be found at:... More
Mad_Max: I Googled "self professed communist revolutionary on the white house staff." First hit, no kidding: "G-Beck Exposes Obama's 'Self-Professed Communist' Green Czar, a Co ..."
Reich's article has the typical liberal slant; "Oh, there is a problem and it is terrible and we need a government program to fix it." Meanwhile there are tens of millions of main stream Americans doing what they can to help through local charitable agencies or through their own personal efforts (but that's not newsy enough). Meanwhile, Mr. Reich goes to his cocktail parties to discuss what's wrong with the country. What's wrong is the post-Christian mentality that says, "I'm not my brother's keeper, it's the government's job". Hey, Mr. Reich, you give somebody a job.
Reich is a well known liberal, so what he writes here should come as no surprise. But being a liberal is no better or worse than being a conservative. There is no wisdom at either end of the spectrum. East and West agree on this (e.g., see Socrates "Middle Road," Terence's "Moderation in all things," and Buddha's "Middle Way"). Where is good old American problem solving by the radical middle?
It is that way because more people watch Entertainment tonight with Mary Hart than do the CBS Evening news with Catie Curric or the others. If the network news programs want the advertising dollars, they have to include more entertainment and less "news". There is no one to blame for this but the majority of the viewing public that wants fluff and no stuff. I suggest we quit watching the biggies and watch PBS. If the PBS news programs increase viewship maybe the other biggies will start adding more content.
On Sep 05 01:36 PM Michael Clark wrote:
> The media is more fascinated with the lives of the rich and famous > in New York, Washington and Hollywood. The media is, more and more, > owned by the rich and famous who DO NOT WANT a deep, incisive media > with a passion for social and economic issues and principles. FASHION. > Michael Jackson was the story of the year, not the poor of the world > who have been devastated by bankers' miscalculations. We're losing > our democracy; and it is being replaced by the 'it's all good mentality' > served up in tv and newspaper gossip magazines. > > When the media identifies with the rich, we have global parties followed > by a global depression. When the media identifies with the poor, > we have global unrest followed by global conflict. Followed eventually > by a rainbow. Light appears, saves, expands, crystallizes, breaks; > falls, shatters, disappears underground, rests, reconfigures itself, > coalesces, rises, and re-appears as the symbolic rainbow. That's > how we know it is Spring: the rainbow re-appears.
"This page is about an active politician who is running for office, is in office and campaigning for re-election, or is involved in some current political conflict or controversy. Because of this, this article is at increased risk of biased editing, talk-page trolling, and simple vandalism."
However, to my eye it appeared to be detailed, non-judgemental, and objective without comment or the goodness or badness of a particular action by Van Jones, just a recounting of his life and activities he joined, founded, or in which he participated in a meaningful way.
If the bio is accurate he was and evidently remains, a communist, a radical, and of the genre of Obama's life: involved in NGOs, community organizing, righting the wrongs of what he sees as a racist, and unequal capitalist society ... and he does want to change that society to more closely conform to what his view of it should be. It's a free country. Let 'em try.
I am convinced they will fail simply because the model they would follow has already been tried and failed. But they could do a good deal damage if they do get the chance to make their dream a reality.
".....If we've learned anything from the Great Recession-Mini Depression of the last 18 months, it's that the skewing of income and wealth to the top has made our economy far less stable."
Anthony J. Alfidi is the founder and CEO of Alfidi Capital LLC, an investment research firm in San Francisco, California. Alfidi Capital publishes free investment research with honesty and humor. Mr. Alfidi holds a Bachelor's degree in human resource management from the University of Notre Dame... More
The media is in the Wall Street's pocket, with CNBC a case in point. Networks don't want to lose Wall Street's advertising or their access to big shots for exclusive interviews. This is why we get puffery and hype instead of accurate reporting. Buyer beware in this market.
This news story has 21 comments:
You have to be kidding me right? The media no longer "reports" the news. It is about hype. It is about getting inside a persons head and getting them excited.
The financial media and all their anchors fall back to the same argument EVERY single time someone with any real credibility or brain power debunks this notion that the recession is over.
That argument is: "Well the S & P 500 is up 50% of the lows, so that means everything is OK now."
That is the only argument the self serving pundits on TV (whose sole job is to "convince" mom and pop americans to get their money in the market now) have to fall back on.
Things take time to occur. Maybe when the unemployment rate gets to 15%, 30 million people are unemployed, and the government just can't extend the unemployment/ welfare benefits anymore will people finally wake up and take back their country.
Right now I see none of that happening because I-Phones and reality TV are just way to important to the average American right now.
To answer the author's questions: The headlines you (we) would like to see do not fit the MSM agenda and are therefore not considered news at all.
Even many of the unemployed remain hopeful because they see the stock market going up. After all, that is what they saw in the last recession and there is no shortage of so-called experts reassuring them about the infallibility of the stock market.
Live by the Dow, die by the Dow.
When the media identifies with the rich, we have global parties followed by a global depression. When the media identifies with the poor, we have global unrest followed by global conflict. Followed eventually by a rainbow. Light appears, saves, expands, crystallizes, breaks; falls, shatters, disappears underground, rests, reconfigures itself, coalesces, rises, and re-appears as the symbolic rainbow. That's how we know it is Spring: the rainbow re-appears.
On Sep 05 01:36 PM Michael Clark wrote:
> The media is more fascinated with the lives of the rich and famous
> in New York, Washington and Hollywood. The media is, more and more,
> owned by the rich and famous who DO NOT WANT a deep, incisive media
> with a passion for social and economic issues and principles. FASHION.
> Michael Jackson was the story of the year, not the poor of the world
> who have been devastated by bankers' miscalculations. We're losing
> our democracy; and it is being replaced by the 'it's all good mentality'
> served up in tv and newspaper gossip magazines.
>
> When the media identifies with the rich, we have global parties followed
> by a global depression. When the media identifies with the poor,
> we have global unrest followed by global conflict. Followed eventually
> by a rainbow. Light appears, saves, expands, crystallizes, breaks;
> falls, shatters, disappears underground, rests, reconfigures itself,
> coalesces, rises, and re-appears as the symbolic rainbow. That's
> how we know it is Spring: the rainbow re-appears.
en.wikipedia.org/wiki/...
It does carry this warning:
"This page is about an active politician who is running for office, is in office and campaigning for re-election, or is involved in some current political conflict or controversy. Because of this, this article is at increased risk of biased editing, talk-page trolling, and simple vandalism."
However, to my eye it appeared to be detailed, non-judgemental, and objective without comment or the goodness or badness of a particular action by Van Jones, just a recounting of his life and activities he joined, founded, or in which he participated in a meaningful way.
If the bio is accurate he was and evidently remains, a communist, a radical, and of the genre of Obama's life: involved in NGOs, community organizing, righting the wrongs of what he sees as a racist, and unequal capitalist society ... and he does want to change that society to more closely conform to what his view of it should be. It's a free country. Let 'em try.
I am convinced they will fail simply because the model they would follow has already been tried and failed. But they could do a good deal damage if they do get the chance to make their dream a reality.
"Updated: Fox Airs So You Think You Can Dance, Glee Instead of Obama Address; Posted on 04 September 2009 by Bill Gorman
"It’s now official, FOX won’t carry the President’s address and will go with its regularly scheduled premieres on September 9."
Fox, a news organization to be proud of! And I understand Fox cleans the competition's clock on ratings. We're in deep kimche.
Thank you George W.
Re
Jack, gave you a +1. Sounds like you're a flaming moderate. ;-)
Thanks, don't know about the "flaming" - conservative moderate might be the best description. But thanks for the +1.