Word: cnbc
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West, Kanye • boorishness of earns the sobriquet "jackass" from President Obama prior to a CNBC interview, news of which is tweeted by ABC's Terry Moran, after which said tweet is quickly apologized for and removed by ABC News because it was an "off-the-record" comment, after which video of the comment is posted by Politico's Ben Smith, after which said video is quickly removed by Politico because of something to do with being "respectful to a fellow news-gathering operation," but obviously there's no way such a thing can be kept hidden so here...
...pain of financial crisis was a necessary economic corrective. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate," Treasury Secretary Andrew Mellon advised President Herbert Hoover. "It will purge the rottenness out of the system." Late last year, you could hear a few people arguing this case on CNBC and even on the floor of the House of Representatives. But after Lehman's failure, no one at Treasury or the Fed talked that way. Instead, the consensus among the policymakers who mattered, in the U.S. and overseas, was that the panic had to be stopped at any cost...
...selected by a committee of the Shorenstein Center’s senior staff and Kennedy School faculty. This year’s fellows are John G. Geer, a Vanderbilt professor and an expert on political attack ads; Loen Kelley, a television producer who has worked with CBS, CNN, and CNBC; Bill Mitchell, a faculty member at the Poynter Institute who studies the evolving economics of news; and Steve Williams, executive editor for the BBC’s Asia Pacific channels. In addition, Daniel Okrent, the first public editor of the New York Times, will be serving as the visiting Edward...
...Forum on Religion and Public Life report found that for every person who joins the Catholic Church, four others leave. But a steady stream of high-profile political conservatives have bucked this trend by converting in the past decade, including columnist Robert Novak, Kansas Senator Sam Brownback and CNBC host Larry Kudlow. Unlike Evangelicals, for whom conversion is often an emotional, born-again experience, Catholic converts tend to make more of a considered decision to join a theological and intellectual tradition. "Conservatives are especially receptive to the promise of there being some capital-T truth that one can embed...
Since 2007, the evolution has accelerated. Less than a third of the trading in NYSE-listed stocks is now done through the NYSE - and only a tiny fraction of that by the floor traders, who now function mainly as a colorful backdrop for CNBC broadcasts. Virtually all stock-trading is electronic, and somewhere from 45% to 70% of trading volume is done by high-frequency traders who make their money by the millisecond...