Business Cycle & Economics Blog of Caleb Lawrence
After surging out of the gate to start the year stocks hold modest losses into the final hour on little news. As expected personal bankruptcy fillings hit 1.41 million last year an increase of 32% from 2008. Despite the misnamed, industry authored, Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a.k.a. the Indentured Servitude [...]
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.
