Obama Market Surge as Fox News Reports It?
Sunday, January 24th, 2010
OVER 100 MORE examples of Fox News Bias at http://www.youtube.com/view_play_list?p=A3BD2524FE99BD4D
When Fox News business anchor Jenna Lee reported on the surge in the stock market during the first year of the presidency of Barack Obama, the biggest stock market gain in a president’s first year since before World War II, I knew Fox News would find some way to turn this good news into bad news for Obama and I was not disappointed as I show in this video.
The clips of the analysis from Fox News business anchor Jenna Lee come from the program “Happening Now” broadcast January 20, 2010 (which I have not been able to find online).
The clip of Obama Administration senior advisor David Axelrod comes from MSNBC’s program “Hardballl with Chris Matthews” also broadcast January 20, 2010, available online at http://www.msnbc.msn.com/id/34962467
The clip of Time editor-at-large Mark Halperin comes from NBC’s “Meet the Press” broadcast January 17, 2010, available online at http://www.msnbc.msn.com/id/34906750
The clip of Fox News anchor Trace Gallagher comes from the program “Live Desk” broadcast January 21, 2010 (which I have not been able to find online).
Duration : 0:6:18
Future of banking after the credit crunch and sub-prime crisis – impact on global economy. Meltdown of financial markets. Fire sale of banking assets after mark to market tests. Capital adequacy, bank solvency and capital injection with partial nationalisation. Global chaos in banking and economic outlook for emerging economies / developed economies. Impact on banking profits from global economic chaos, recession and collapse in bank share prices. Retail banking, corporate banking, wholesale banking and investment banking will become profitable again. Economy Video by keynote conference speaker Dr Patrick Dixon . The banking crisis will lead to further consolidation, cuts in retail outlets and staff redundancies. This will remove competition from the market and allow greater profit margins over things like commercial loans and mortgages or current account bank charges. Coupled with cost-savings, this will result in healthy profits in future. Banking share prices are in turn likely to show recovery, which could also mean that the end cost of expensive government rescue packages may be less than feared, if they involved providing banks with equity in return for shares. Taxpayers may actually make a gain from their public ownwership of slices of banks. While huge remuneration for CEOs and Chairman of banks will come under scrutiny, and while regulation will be stricter, we can expect rewards for the most skilled bankers to once again be very generous. Interest rate cuts will also help banks indirectly by stimulating the businesses they lend to and helping to take the edge off a long recession.