Wednesday, October 7, 2009
Lack of media coverage part of the problem
An update to the last post. A quick survey of four mainstream media home pages right now shows zero stories about the dire unemployment situation. Only the Wall Street Journal has any mention of unemployment, and that is in a small story about how jobs will impact the 2010 election. I checked CNN.com, USA TODAY, The New York Times and WSJ.
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Barron's has been beating the drum about the U-6 number for some time. (You have to pay to read their articles online.) While not really "mainstream," Barron's is 100% capitalist. If they are yelling about this problem, they know it's a threat to our way of life. No left-wing bleeding hearts at that mag, just ruthless capitalists, yet they see how dire this situation is. This was in the opening article in last week's edition, so you know it's serious.
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