Posted in Main Blog (All Posts) on August 27th, 2012 11:08 pm by HL
CNN Looking for Its Own Game Change?
Scott Collins, Los Angeles Times
With the Democratic and Republican national conventions just days away, there's already suspense behind the camera: CNN is staring down one of the worst crises in its 32-year existence. The cable news network that dominated the political discussion during the 1990s has slumped to record ratings lows this year, with its prime-time audience plunging by more than 40% compared with four years ago (No. 1 Fox News and runner-up MSNBC have each posted double-digit increases). Critics are attacking the Time Warner-owned network's coverage as dull and rudderless. CNN Worldwide President Jim…
GOP the Grand Racist Party? Only on MSNBC
W.W., The Economist
CHRIS HAYES, host of MSNBC's “Up with Chris Hayes”, said on air this past weekend, “It is undeniably the case that racist Americans are almost entirely in one political coalition and not the other”, by which he means most American racists lean right, not left. This has since been proven false by Alex Tabarrok, an economist at George Mason University, and John Sides, a political scientist at George Washington University, both of whom have denied Mr Hayes' contention, persuasively.Mr Tabarrok dips into the General Social Survey and fishes out some data difficult to…
Death of the Middle Class Overrated
Robert Samuelson, Washington Post
WASHINGTON — Republicans and Democrats don't agree on much, but they do agree on this: the middle class. At their conventions, the two parties will compete fiercely for its support. Republicans will accuse Barack Obama of destroying the middle class through policies perpetuating high joblessness and feeble economic growth. Democrats will portray Mitt Romney as a tool of the rich who doesn't understand the middle class. To the victor may go the election, because “saving the middle class” has arguably become the campaign's defining issue.This is mostly political…
Did Buffett Bet Against Obamanomics?
Charles Gasparino, New York Post
Is the sky really falling on state and local governments, as Warren Buffett's recent bearish bet on municipal debt suggests?Much of the media and even some sophisticated investors think so "” even if Buffett's bet against munis was only cryptically disclosed in a quarterly filing of his investment company Berkshire Hathaway (he has yet to make a public comment on it).