« | »

Selected News For The Week Aug 6 – Aug 12

This thread is for the busy bees of S&L to post news articles that expose the rampant distortions and biases of our media watchdogs.

Posting Guidelines

To make the articles as readable as possible, please:

  • Only post ‘hard news’ from establishment media outlets.
  • Avoid editorials and ‘thought pieces’ unless they are truly newsworthy.
  • Eschew major news items that most people will likely have seen elsewhere.
  • Post articles that fit under the topic of a recent thread as a comment there.
  • Always spell out the name of the source and post a link to it.
  • Always post less than one quarter of the original article.

Posts of articles that do not follow these guidelines may be edited or deleted.

Thanks!

This article was posted by Steve on Saturday, August 6th, 2011. Comments are currently closed.

6 Responses to “Selected News For The Week Aug 6 – Aug 12”

  1. BannedbytheTaliban says:

    The BBC is always good for a laugh or two. Check out this headline:

    Markets fall despite Obama speech

    Global stock markets have extended their heavy losses, despite US President Barack Obama moving to try to reassure investors.

    ..Prior to President Obama’s speech, the Dow had only been 2.5% lower.

    http://www.bbc.co.uk/news/business-14451687

    I’m sure they really thought he was going to calm the market, as Jesus calmed the sea.

  2. BillK says:

    An absolutely incredible piece from the City Journal.

    Lost Angeles

    The City of Angels goes to hell.

    By Joel Kotkin

    It seems appropriate that the city where America’s movies are made has enjoyed such a dramatic trajectory. Los Angeles began the twentieth century with barely 100,000 residents. By century’s end, 4 million people were living there, making it the nation’s second-largest city, while another 6 million were occupying the rest of Los Angeles County.

    But in the new century, Los Angeles has begun to fade, and it can’t blame its sorry condition on the recent recession. The unemployment rate is one of the highest among the nation’s largest urban areas. Streets are potholed. Businesses and residents are fleeing. In virtually every category of urban success, from migration of educated workers to growth of airport travel, Los Angeles lags behind not only such fast-growth regions as Dallas, Houston, and Raleigh-Durham, but also historical rivals like New York.

    Perhaps worst of all is the perception, both here and elsewhere, that Los Angeles no longer matters as much as it once did. “I’ve traveled the world, and there was once a great mystique about L.A., but it’s gone,” says Robert Hertzberg, a former mayoral candidate and onetime speaker of the California State Assembly. “And I look at the leadership, and it’s gone. No one much cares.” …

    http://www.city-journal.org/2011/21_3_los-angeles.html

    But why? This is where the piece gets really good:

    Why has Los Angeles lost its mojo? A big reason is a decline in the power and mettle of the city’s once-vibrant business community. Between the late 1980s and the end of the millennium, many of L.A.’s largest and most influential firms—ARCO, Security Pacific, First Interstate, Union Oil, Sun America—disappeared in a host of mergers that saw their management shift to places like London, New York, and San Francisco. Others, such as the Los Angeles Times and the Dodgers, were sold to outsiders. The most influential business leader downtown today, according to a recent Los Angeles Downtown News ranking, is Timothy Leiweke, president and CEO of AEG Entertainment—a subsidiary of the Anschutz Company, which is controlled by Philip Anschutz, a Denver billionaire. The fact that essentially a regional manager is so influential would make the city’s past leaders spin in their graves.

    Great point, but the absolute master stroke is this:

    Those “emperors” are the leaders of L.A.’s public sector. As business retreated, power in Los Angeles, largely by default, shifted toward the government and its workers. Through the long decline that started in the 1990s and accelerated after 2005, government employment has climbed. Back in 1990, 13 percent of employed Angelenos worked for the government; by 2008, that figure had jumped to 16 percent. Even after a deep recession, the public sector—both county and city—continues to pull in big payouts. Today, almost 18,000 county workers earn more than $100,000 annually. The city has followed a similar path, with its city council the highest-paid in the nation. In L.A., as in much of California, public employees’ pensions have risen at unsustainable rates.

    The machine that controls Los Angeles these days consists of an alliance between labor and the political leadership of the Latino community, the area’s largest ethnic population. Once virtually powerless in the region, Latinos elected to office now control many of the smaller municipalities along the industrial belt that stretches from downtown to the county line. But since they serve at the whim of labor interests, they seldom speak up for the area’s many small businesses and homeowners. It’s a familiar story: because Democrats are almost assured of victory in L.A.’s general elections, candidates must win only the low-turnout, union-dominated party primaries. John Pérez, a longtime union political operative and now speaker of the California State Assembly, won the Democratic nomination in 2008 with fewer than 5,000 votes and then easily crushed the GOP candidate. Pérez’s predecessor as speaker was Fabian Núñez—another L.A. labor official. No wonder the Sacramento Bee’s Dan Walters calls the labor movement “the closest thing to an omnipotent political machine anywhere in the state.”

    Not surprisingly, if you think about it this is not only the key to Democratic success in the nation’s largest cities, but they’re also working hard to make it the norm across the entire country… with the same results as is being seen in Los Angeles. The Unions pay off the politicians, who pay back the Unions with Government work and contracts, who buy elect more Democrats, who pay back the Unions…

  3. tranquil.night says:

    Morrisey covers recall day in Wisconsin: http://hotair.com/archives/2011/08/09/recall-day-in-wisconsin/

    Like he says, we do better when we try and nationalize these. These unions are desperate to thug a win.

    I believe Wisconsin has jumped 17 notches in its state business climate since Walker and the Republicans took power.

    Here’s some of the latest figures on how Wisconsin is economically one of those few (red) states outpacing national figures: http://www.wisgov.state.wi.us/journal_media_detail.asp?locid=177&prid=5946

  4. canary says:

    Forbes: After Train Wreck, China Tells Bullet Trains To Slow Down
    Aug 10 2011

    * Obama Heads to Rio Sunday; Maximum Security Awaits 312,314 views
    * Rubber Bullets Fly at Anti-Obama Protest In Rio 262,530 views
    * Russian Duma Leader Wants Obama Stripped of Nobel Peace Prize 21,999 views

    The Chinese government said Wednesday that it will force high speed rail operators to reduce average operating speeds due to safety concerns following a two-train collision that killed 40 people an injured around 200 more last month.

    The decision is a signal that China is slowing its ambitious high-speed rail program,…

    …. The country also decided to reevaluate the safety systems of rail projects that have been approved but yet to start construction, and to suspend the examination or approval of newly proposed projects.

    Ticket prices will also be reduced, according to China Daily.

    http://www.forbes.com/sites/kenrapoza/2011/08/10/after-train-wreck-china-tells-bullet-trains-to-slow-down/

    How many billions or trillion has Obama put into bullet speed trains with Chicago as the main hub.
    Surely, we are more humane than China.

  5. proreason says:

    Felonius has an observation.

    http://ace.mu.nu/archives/320000.php

    Severe language warning. If you cringe at the f-word, best to not view this.

    • tranquil.night says:

      Win. Especially the part about screwing off your own bills and debts.

      “You’re leadin’? I’m followin’!”


« Front Page | To Top
« | »