Business Cycle & Economics Blog of Caleb Lawrence
Stocks struggled to begin the week despite a bailout for Dubai following their poorly considered plan to build a palm tree in the ocean visible from outer space. There has also been a lot of discussion about the Obama administrations supposed reforms of the financial sector. Comments from the mainstream media notwithstanding, the claim that [...]
What follows are excerpts and links to three articles on the supposed financial reform. I can’t encourage you to read them strongly enough as they detail one of the biggest examples of bait and switch I have ever seen. Mr. Obama’s claims that he would change things for the better have produced a series 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.
