It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Unless you have been hiding in a black box, you could not have missed hearing about Jon Stewart's attack on CNBC. Jim Cramer went on the Daily Show and here is the resulting interview:
Cramer vs. Stewart, I
Cramer vs. Stewart, II
Cramer vs. Stewart, III
Now, while many of us know indeed CNBC presents various agenda items, for example, H-1B guest worker Visas, per corporate lobbyists requests and the reporting is incredibly biased. That said, one can point to almost any news organization doing precisely the same thing. Cramer did get Bear Sterns wrong but he also did get the subprime implosion right, so to me he is the least of our problems.
I also disagree with Stewart in saying Cramer should not be entertaining. One doesn't need to be dull to describe precisely how private hedge fund managers spread rumors and create waves of shorts to manipulate a stock price, or how many derivatives are based on mathematics that only are valid in a 20 dimensional alternative universe.
Cramer keep your crazies but just get a little more honest & in depth. (and fire those others who brazenly push corporate lobbyists agenda as interviews and stories, ya hearing that, New York Times, CNN?)
Next up, midtowng's history of labor series mentioned the IWW in history. Now I personally disagree with some of their policies but many have truly changed labor for the better and theirs is a story that all should be aware of.