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Showing posts from November 12, 2007
Business Times - 09 Nov 2007


When fake news and comedy trump reality

By LEON HADAR
WASHINGTON CORRESPONDENT

DISCUSS political events with a 20-something American these days and you would probably be surprised to learn that he or she gets much of his or her news on politics, including the presidential race, from The Daily Show with Jon Stewart and The Colbert Report, the two popular shows on Comedy Central cable television network.

This is where comedians Jon Stewart and Stephen Colbert, using formats typical of mainstream journalism ('And now we turn to our senior child molestation correspondent . . .') play talk show hosts who anchor mock newscasts and report fake news.

'A lot of television viewers - more, quite frankly, than I'm comfortable with - get their news from the Comedy Channel on a programme called The Daily Show,' prominent - and real - news reporter and anchor Ted Koppel told The Washington Post two years ago.

Indeed, some observers have even compared t…

more on the economy

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Business Times - 13 Nov 2007
US economy: entering the fear zone
The credit crunch and the weak dollar could force Americans to finally start to pay back the money they borrowed
By LEON HADAR
WASHINGTON CORRESPONDENT

AS the US dollar reached an all-time low against the euro and oil prices rose close to US$100 a barrel and the housing market experienced one of the steepest downturns in two decades, the last thing that Congress and Wall Street needed was to have US Federal Reserve chairman Ben Bernanke tell them that they should expect a 'sluggish' US economic growth in the near future.

At the same time, he hinted that the US central bank had no concrete plans to cut interest rates anytime soon. Yes, the economy was slowing down and that there wasn't much he could do about it. You'll just have to get used to it.

But that was exactly what Mr Bernanke did last Thursday during his much anticipated testimony before a joint economic committee on Capitol Hill.

It is quite possibl…