"You may not have noticed ..."
You mean the estmated .3% hit on GDP in September?
LOL - You are accusing the wrong person of ignorance. Even Alan Greenspan and all members of the board of the Fed except one think that the effects on the economy of Katrina are not enough to stop their campaign to raise interest rates.
And then there is Ophelia and Rita. We'll see if there is the non impact that so many conservative economists are shouting from the treetops. I have a suspicion that Greenspan will be changing his tune fairly soon. This has been a very weak recovery to begin with......and then, of course, there is the problem of inflation due to skyrocketing oil prices. There is a such a stew of bad news brewing I imagine a recession is getting ready to rear its ugly head.
Laying off people at the NY TImes is a direct result of their falling readership. My take on why they are losing readership while many papers are increasing is that the further left a paper is, the more readers they are losing. This correlates pretty well with the data I have seen.
Actually, laying off the people was simply an economic measure. The NY Times actually increased its circulation in the latest report on circulation in May, 2005:
"Among those adding subscribers was the New York Times, which reported weekday circulation of 1,136,433 and Sunday circulation of 1,680,582. Its weekday circulation is up 0.2 percent from the same period last year."
My take on why they are losing readership while many papers are increasing is that the further left a paper is, the more readers they are losing. This correlates pretty well with the data I have seen.
And you are full of horse puckey. The WSJ is fairly conservative and its readership declined. In fact readership is declining for many newspapers.........its been a trend that has accelerated under Bush along with many other negative conditions. I suspect we are becoming less literate with such a lesser president.
"Circulation of the Wall Street Journal, owned by Dow Jones & Co., decreased by 0.8 percent, to 2,070,498, said Amy Wolfcale, a Wall Street Journal spokeswoman."
washingtonpost.com |
