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Speculative Reporting Making the Recession Worse
When it comes to the economy, the media feed us negative report after negative report. Although it is important for the news to be reported, we do not need speculative news stories telling us how bad things might become.
Units of Capitalism at the Dawn of GlobalizationIn 1954 America, the average middle class family had one black, metal telephone wired to a wall near the kitchen, one car with no seatbelts or GPS system, and one television receiving a handful of free, snowy channels from an antenna on the roof. By most measures, fifty years is not a long time, but in America, fifty years can be precisely measured in price tags, pie charts, top-ten hits, hairstyles, hemlines, movies, TV commercials, and a decade-by-decade calendar of trends and products we created, manufactured and sold to each other. In the developed world, America represents the best working …