Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled in early trade and enter the final hour mixed on little real news. The Challenger report on job cut announcements fell to 50,349 in November continuing a more or less steady fall in announced cuts since the beginning of the year. Likewise the ADP payroll report also moderated further reporting a loss of [...]
Hi and welcome to The Profit Motive, I’m your host Caleb Lawrence. Once upon a time in America the media acted as the watchdog of the corporations and the state. In the modern era it’s all about ratings and profits, opinion has been substituted for news and frequently is presented as fact. Much like my daily radio show on KPIG 107.5 FM in Santa Cruz California and KPYG FM 94.9 Cayucos/San Luis Obispo California. A thousand Blogs were able to spot the current problems and many began discussing it years before it reached crises proportions. While there were exceptions, and these exceptions are becoming more common, the mainstream media failed to get it and largely continue to do so.
