Newsfront
Continued from page 9
GLOBAL ECONOMY
ULTIMATE WINNER
SOROS DECLARES U.S. NEEDS ‘NEW MOTOR’
President-elect
INVESTOR/ACTIVIST GEORGE SOROS SEES “work on a better world order where we
Barack Obama
the economic crisis as an opportunity to work together to resolve problems that
change the global economy. confront humanity like global warming.”
POTUS-in-Waiting
In an interview with PBS host Bill U.S. consumer spending no longer
He appeared headed for Moyers, Soros said America needs to can drive the world economy, Soros told
the political fi ght of his career — Moyers.
McCain actually pulled even in “That motor is now switched off,” Soros
the polls, erasing Obama’s bounce said. “It’s fi nished.”
from the Democratic Convention Soros predicted that the new engine of
— when the ’08 Meltdown per- growth may be industrial spinoffs from
haps changed the course of political global warming.
history. The run on McCain’s poll “You need a new motor,” he said. “And
numbers was so drastic that pun- we have a big problem: global warming. It
dits wondered whether the FDIC requires a big investment. And that could
would seize control of his cam- be the motor of the world economy in the
paign. Maybe the charismatic junior years to come.”
senator from Illinois would have Soros has spent millions supporting
won without the subprime crash. groups such as
MoveOn.org. He once told
But now he, Rep. Barney The Washington Post that getting President
Frank, and Sen. Christopher Dodd Bush out of offi ce was “a matter of life or
just might become Best Friends death.”
Forever. Soros told Moyers gloomily, “We are
MONEY MACHINE Billionaire Soros is one
heading for undoubtedly very diffi cult
of the world’s wealthiest men. times. This is the end of an era.”
ULTIMATE
LOSER
MEDIA-FINANCE COMPLEX
You!
NBC’S ANDREA MITCHELL — WIFE OF ALAN
GES
TY IMA
“A billion here, a bil-
GREENSPAN — CONFLICTED OVER THE FED?
GET
lion there, and pretty soon you’re
talking real money,” is the quote NBC CORRESPONDENT ANDREA winning economist Joseph E.
ORRIGAN/
Sen. Everett Dirksen (1896-1969) Mitchell is getting some of Stiglitz told Bloomberg News, JOE C
always will be remembered for. her own medicine because “Alan Greenspan really made
CHELL/
Such sentiment would barely of her close association — a mess of all this. He pushed
qualify Dirksen as a miser by the by marriage — with former out too much liquidity at the
standards of the 110th Congress. Federal Reserve Chairman wrong time.”
Be careful in 2009 not to confuse Alan Greenspan. “The legacy of Greenspan’s
your tax schedule with your 401(k) An article in the Columbia Fed chairmanship is intimate-
OU/ISTOCKPHOTO / MIT
statement — only one of them is Journalism Review questions ly entwined in the crisis,” the
GES / Y
going to go waaaay up. Most port- whether MSNBC and NBC magazine story asserts. It says
folios are dropping faster than the viewers “are best served by an journalists should be asking
/
AP IMA
congressional approval rating. anchor and reporter who is, in what went wrong.
As Steve Forbes so eloquently put so many ways, so close to the POWER DUO NBC’s “When one potential answer
V / SOROS
it: “Congress spends money like a story she’s covering.”
Mitchell and the
to that question is ‘Alan
drunken sailor. But that’s an insult When Greenspan retired
former Fed chair.
Greenspan,’ there’s a confl ict.
to drunken sailors, because drunken in January 2006, one mem- A big one,” the article states.
sailors spend their own money.” ber of the Federal Reserve’s Board of NBC News President Steve Capus told
So how do you know when Governors called him “the greatest central The New York Times the allegations of a
you’re talking “real money”? When banker who ever lived.” confl ict of interest are “overly simplistic,”
somebody has to pay for it. That That sentiment is hardly universal, and he said Mitchell “knows where to
would be you. however. In November 2007, Nobel Prize draw the line.”
AMA/TESS SCHEFLAN/ISRAEL SUN/LANDO
OB
10 NEWSMAX / DECEMBER 2008
0008_NF_Opener.indd 1008_NF_Opener.indd 10 111/7/08 2:46:56 PM1/7/08 2:46:56 PM
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84