Keynesians Chortle in Their Joy

Now that Ben Bernanke continues to have a friend in the White House, all’s going to be well in the world- at least economically.  At least, that’s the impression large segments of the media is promoting.  

When any segment of the media and market participants are feeling so good about things that they appear [...]

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The Fluff And Puff Of Arianna Huffington

COMMENTARY

Arianna Huffington just wrote an “important” op-ed, “Delevering in a Delevering World“.

I know flummery when I see it:

On Monday, I was in Newport Beach to speak at the annual client conference of PIMCO, the world’s largest bond investment company — whose CEO Mohamed El-Erian is a frequent and very popular HuffPost blogger. More than [...]

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Frank Capra On The Depression (1932)

Frank Capra, the director known for the feel good Christmas movie, It’s a Wonderful Life and many other classic films, directed this movie, American Madness in 1932, a propaganda piece for the populist ideas that banks were the problem, people were hoarding money, and “good” people deserve loans to get the economy going. FDR was elected in 1933, [...]

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Limbaugh Takes Down Carbonite (Or Is It The Other Way Around?)

Apparently Rush Limbaugh’s fans took offense at Carbonite’s (CARB) emphatic rejection of advertising on his show and tanked the stock—it took a tumble from $9.69 on February 29 (when the nastiness started) to $8.45 today. At least that’s what Breitbart is saying (the site goes on without its founder). But that is misleading. CARB has [...]

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Limbaugh Advertisers Dive For Cover

Rush Limbaugh has now achieved the status of pariah among his advertisers, as they have been besieged with negative emails and comments from the public demanding they cease advertising on his show. The toll now is 27 companies have bolted:

The list of companies that officially announced on Twitter or Facebook that they would stop advertising on [...]

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Sponsors Force Limbaugh To Apologize

COMMENTARY

Rush Limbaugh apologized to Sandra Fluke:

For over 20 years, I have illustrated the absurd with absurdity, three hours a day, five days a week.  In this instance, I chose the wrong words in my analogy of the situation. I did not mean a personal attack on Ms. Fluke.

I think it is absolutely [...]

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Save The Judge!

The word just came out from Lew Rockwell that Fox is cancelling the Judge Napolitano’s show, Freedom Watch. Lew provided this link to politely ask Fox to retain the program:

Irena Briganti, Senior Vice President Media Relations Phone: 212-301-3608 Fax: 212-819-0816 E-Mail: irena.briganti@foxnews.com

In the meantime watch this is a clip from Judge [...]

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Jon Stewart On Why Ron Paul Is Ignored By The Press

Jon Stewart on the media, the Iowa Straw Poll. and Ron Paul. It’s very funny and very true. Are you listening Dr. Paul?

 

 

 

 

Hat tip to Matt H.

[...]

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WallStreetJournal.Com Crashes — Hacked?

Apparently the Wall Street Journal’s web site crashed today. I keep getting this message:

This is almost unheard of, so I wonder … have they been hacked? I mean, Murdoch does own it.

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Why Don’t People Like Rupert Murdoch?

News Corp. said it will close its News of the World newspaper, a dramatic move to quell a scandal over the U.K. paper’s controversial reporting tactics, which have led to allegations that, in its pursuit of scoops, it intercepted [hacked] voice mails of celebrities, murdered girls and terrorist victims

James Murdoch, News Corp.’s deputy chief [...]

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