Yet again an Associated Press story is the muse of a Parsimony post. I donâ€™t seek out AP stories, but it often seems like their reporting often shows the bias of the mainstream media. This article is just in time for the 2012 election cycle and puppets Obamaâ€™s misspeak (by misspeak I of course he blurted out what he really believes) regarding governmentâ€™s role in funding private business. By the way this was a front page article in my local â€œconservativeâ€ newspaper.
First the headline (with a link to the original story)â€¦
â€¦Now the story with my bold comments:
IÂ wasÂ fascinated by these two side-by-side articles by Reuters News Service.Â The actually made it to page 3 and I doubt that Reuters wanted them to beÂ printed beside one another.
StoryÂ one was aboutÂ a poor company, LightSquared that developed a product that was going to provide a wireless broadbandÂ network all accross America.Â While that sounds great their “service” tended to interfere with all other GPS networks and satellites, even those used by our military.Â Still LightSquared fought the good fight and conviced the FCC to grant approval of the system.Â That’s when the firestorm started…actually no firestorm as you probably never heard of LightSquared (even though I included it in my top ten 2011 news stories – it was in No. 5).Â Stuff did happen as Congress (make that the Republicans) started getting involved and the FCC suddenly revoked their approval.Â The Reuters piece was all about the business and what their next step would be, perhaps bankruptcy!Â I thought this excerpt from the article was very interesting;
I hesitate to call my list “news stories” because many of them have not been covered by the Obama-media because they would make the liberal administration look like the miserable failure that it has been.Â On with the list.
- The Economy:Â If you look past the cheerleadingÂ reporting that the recession is over and jobs are being created, and a falling unemployment percent, you might just see how bad things still are.Â I don’t remember a time where I have sweated my employment for so long.Â I am not consumed, but the gnawing feeling is always there in the background.Â As of November 2011 the U6 Unemployment (U-6 = Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force) rate is 15.6 percent.Â