CNBC Gives Faulty Financial Advice
Jon Stewart blasts CNBC for its blatantly awful financial coverage throughout the economic crisis. This segment captures the inherent dangers when the opinions of insiders is promoted as credible information. Moral of the story - don't ask the fox what happened to the hens.The real shame is that credible business and market analysts like Howard Kurtz and Steven Pearlstein with the Washington Post, and New York Times columnist Gretchen Morgenson who have warned of the coming crisis for months go unheard and unseen on these programs. Maybe now these prudent journalists with records of accuracy will be sought after. Somehow though I doubt it. They are presented here so you can seek them out for yourself.
Did You Know?
From 1996 - 2005, for households earning more than $130,000, the cost of health coverage increased from 2.6 percent of total income to 3.3 percent. While households earning below $27,300, already paying an incredible 14 percent of total income for health coverage, saw their costs rise to 20 percent.
Source: The McKinsey Quarterly
By The Way...
| 36 | have been accused of spousal abuse. | |
| 7 | have been arrested for fraud. | |
| 19 | have been accused of writing bad checks. | |
| 117 | have directly or indirectly bankrupted at least 2 businesses. | |
| 3 | have done time for assault. | |
| 71 | cannot get a credit card due to bad credit. | |
| 14 | have been arrested on drug-related charges. | |
| 8 | have been arrested for shoplifting. | |
| 21 | currently are defendants in lawsuits. | |
| 84 | have been arrested for drunk driving in the last year. | |
| NBA or NFL? | ||
| Neither. | ||
| It's the 535 members of the United States Congress! | ||
Barack Obama Accepts the Democratic Party Nomination
News
- Emanuel in the political cross hairs
- Health Care Protesters Face Off Against Insurance Lobbyists
- Labor On Dems Who Block Health Reform: We'll 'Take Them Out'
- Eric Cartman Channels Blackwater, Signs For 500 AK-47s In New South Park Promo (VIDEO)
- Massa under investigation for allegedly groping male staffers
LINKS
A Quiet End for Boys Choir of Harlem
Michael Moore: America's Teacher
Top Obama Fundraisers Get Jobs
F.D.I.C. Chief Criticizes Reform Plan
Federal Researchers Find Lower Standards in Schools
The State of Financial Reform: Banks Have Too Much Leeway
Small Business Faces Sharp Rise in Costs of Health Care
Senate Global Warming Bill Is Seeking to Cushion the Impact on Industry
Big Lessons From a Little Bank You've Never Heard Of
Nationalizing The Banking System
Making The Public Into A Political Force
Quote:
Why shouldn't I work for the N.S.A.? That's a tough one, but I'll take a shot.
Say I'm working at the N.S.A. Somebody puts a code on my desk, something nobody else can break. Maybe I take a shot at it and maybe I break it. And I'm real happy with myself, 'cause I did my job well.
But maybe that code was the location of some rebel army in North Africa or the Middle East. Once they have that location, they bomb the village where the rebels were hiding and fifteen hundred people that I never met and that I never had no problem with get killed.
Now the politicians are sayin', "Send in the marines to secure the area" 'cause they don't give a shit. It won't be their kid over there, gettin' shot. Just like it wasn't them when their number was called, 'cause they were pullin' a tour in the National Guard. It'll be some kid from Southie takin' shrapnel in the ass.
And he comes home to find that the plant he used to work at got exported to the country he just got back from. And the guy who put the shrapnel in his ass got his old job, 'cause he'll work for fifteen cents a day and no bathroom breaks. Meanwhile he realizes the only reason he was over there in the first place was so we could install a government that would sell us oil at a good price. And of course the oil companies used the skirmish over there to scare up domestic oil prices. A cute little ancillary benefit for them but it ain't helping my buddy at two-fifty a gallon.
They're takin' their sweet time bringin' the oil back, and maybe even took the liberty of hiring an alcoholic skipper who likes to drink martinis and fuckin' play slalom with the icebergs, and it ain't too long 'til he hits one, spills the oil and kills all the sea life in the North Atlantic. So now my buddy's out of work and he can't afford to drive, so he's walking to the fuckin' job interviews, which sucks 'cause the schrapnel in his ass is givin' him chronic hemorroids. And meanwhile he's starvin' 'cause every time he tries to get a bite to eat the only blue plate special they're servin' is North Atlantic scrod with Quaker State.
So what did I think? I'm holdin' out for somethin' better. I figure, fuck it, while I'm at it, why not just shoot my buddy, take his job and give it to his sworn enemy, hike up gas prices, bomb a village, club a baby seal, hit the hash pipe and join the National Guard? I could be elected president.
Matt Damon - Goodwill Hunting
