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and the Chicago riot

Kennedy upset veteran Vice President Richard M. Nixon. One of the key factors in Kennedys victory was his expert handling of television as a campaign tool. Nixon, after suffering another crushing defeat in the California gubernatorial elections bounced back to win the presidency over Hubert H. Humphrey and a key factor in the Republican Party victory was the TV coverage of the Chicago police brutality against demonstrators. The brunt of the accusation was laid on the doorstep of Chicagos political boss, Mayor Richard Daley.

Among the victims of police brutality were famous print and TV journalists. A book on media history, The Press and America, by Edwin Emery and Michael Emery reports that news media suffered some 70 injuries at the hands of the police, equally divided between print and electronic media.


GM BLOG- Wednesday, February 20th- Extreme Makeover.

The looming showdown between Barack Obama and Hillary Clinton for the Democratic Presidential nomination – and this year, Rhode Island may well be a make-or-break state? Nope. How about oil prices moving past $100 a barrel, with gasoline prices not far behind or the spy satellite the government is going to shoot down? Not today.The big story in and around Providence this week is, without question, the arrival of the Extreme Makeover: Home Edition team to Warwick! Thousands of people have descended on the scene of the makeover – some to volunteer but most just stopped by to watch. Our ABC 6 News anchor Paul Mueller is there as well – he's practically been living on the site this week – and will be filing reports through the “big reveal" next week. Frankly, it is hard to overstate just how interested people are in this story.


MIdget Eagles shine at scholarship tournament

Five members of the Squamish Eagles Midget hockey club did not disappoint after being chosen to represent the Greater Vancouver Canucks in an annual scholarship tournament on Saturday (Jan. 26). The Midgets joined forces with regional rivals to form the team and win the 31st annual Pacific Coast Amateur Hockey Association Midget Scholarship Tournament.

The tournament is meant to promote and reward scholastic achievement and sportsmanship, and one player from each team was chosen for a $500 Vancouver Canucks Special Bursary Award. Goalie Brett Miller, forwards Oliver McQuaid and Keegan Moore, and defencemen Dylan Ackerman and Jesse Anderson represented the Squamish Eagles, which contributed more players than any other team.

With their stellar play, the Canucks won the Fred "Cyclone" Taylor Memorial Cup for the first time since 1999.


Dion hints Liberals willing to let budget stand

Cue the personal attacks from the Harpercrite apologists.

Care to try and make your point without attacking his english (which is as good or better than Harper's french, IMO), his heritage, his physique, or other superficial and irrelevant things?

Can you do it?

Didn't think so.

Don't feel too bad....neither can the CPC. Their attack ads are all sizzle and no steak. And pathetic, to boot.

That's why your hero's party is basically in a tie with Dion's in the polls.

That's why Harper will never get his majority.

Thank goodness. Posted 19/02/08 at 1:52 AM EST | Alert an Editor | Link to Comment .


Viewing all entries for: January 2008

I THINK it's safe to say that some aspects of global trade and finance may be in the process of readjusting, perhaps as a result of some sizable imbalances. Not swiftly enough for Atlantic correspondent James Fallows, however, whose latest missive on China misses the mark. It's very fair to harbour concern over China's yuan policy, its massive accrued reserves, and the resulting effects on American consumers, but Mr Fallows mistreats the economics involved in order to spin a potential disaster scenario--a rather nasty hypothetical meltdown, if not outright war.

The economic misunderstandings are bothersome. Mr Fallows writes, for example that:

For China, [currency manipulation] has helped the regime guide development in the way it would like—and keep the domestic economy’s growth rate from crossing the thin line that separates "unbelievably fast" from "uncontrollably inflationary."

This is not at all the case.


Slowdown, but not crash and burn

Britain is more vulnerable than America to a recession for four reasons. First, our economy is far more dependent on investment banking and other high-value financial and business services. So if the present banking crisis continues to deteriorate to the point where it tips the US into recession, the damage it does to Britain's fastest growing and most profitable industry will be even more severe.

Secondly, house prices have risen much higher in Britain than they have in America. While Britain's banks may not have indulged the equivalent of America's "Ninja" borrowers (No Income, No Job, No Assets), the average level of mortgage debt here is higher than in the US. It seems probable, therefore, that house prices and cash released by mortgage borrowing will ultimately fall farther in Britain than in the US.


Bank stocks pull bourse down

AUSTRALIA'S banking stocks continued to drag on the local market as a return to Wall Street-led anxiety peeled away gains made in this week's bounce.

The Australian market tumbled by more than 2 per cent within the first half hour of trade yesterday. Despite regaining some ground in the session, the losses were seen in all sectors except resources and energy.

The S&P/ASX 200 index ended 78.2 points lower at 5606.6, down 1.4 per cent. The All Ordinaries closed 68.4 down at 5679.8. This came after Thursday's rally, which pushed the benchmark indices 2.6 per cent higher.

Yesterday's performance followed another negative session on Wall Street, where the Dow Jones Industrial Average shed 175 points, or 1.4 per cent. This was triggered by unsettling comments by Fed chairman Ben Bernanke, who warned of slower economic growth and more credit-related write-downs.


Taiwan is Worth a Look

For the first time since the market correction took place, EWT had closed above the downtrend trendline for the 3rd straight day on Friday (black circle on Chart 1 below). It did break through the trendline in mid January, but the closing price fell below the trendline (X mark). In addition, while the price of EWT had fallen about 20% since the end of October, the ROC (Rate of Change) had been making higher lows at major inflection points (blue trendline in lower pane).

And then, there's the gathering of the positive volume bars in February. The buildup of buying pressure means the builddown of selling pressure. And, that's self-evident in the intraday charts.


Chart 1

The declining highs (diminishing) of the red selling bars can clearly be noted on this 60-minute, 20-day intraday chart below (Chart 2).


 
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