Here's the headline: Retail sales drop for 6th straight month
Here's the Sub Head: Slump is the longest in at least four decades.
Pretty dire huh? Ready to cut your wrists yet?
Don't give up hope yet though, buried deep in the article is this: Of the $9.4B drop in sales between November and December, just over half was due to the plunge in gas prices, which pushed gas sales down by $4.9B, or 15.9%.
So, rather than going with a headline that says something like "Retail Sales Drop Driven by Falling Gas Prices", which would be true, instead they go with the end of the world scenario.
Never mind that six months ago gas prices were at an all time high and people were ready to go through the village with torches and pitchforks to hunt down oil executives, or that the real drop in retail sales is more like under 2.4%, let's REALLY scare the crap out of people with our headlines!
People are frightened about their economic future and that's understandable, but it would really help if the fourth estate would step up to the bar and start trying to make things better rather than worse. All they have to do is start reporting the news rather than trying to sell it with supermarket tabloid headlines.
read the article here
Wednesday, January 14, 2009
Monday, January 12, 2009
Law and Disorder
Mississippi can't ever get in the swing of things. Just when the Democratic party is on the rise nationally, here in Mississippi it's in the crapper, due almost entirely on the fallout from the Dickie Scruggs web of intrigue.
While most of us focused on the executive and legislative branches of state government, the real power was in the judicial all along and since it wasn't as well noticed as the other two, hijinks ensued.
I think it's time to admit that the Republican party, in Mississippi and nationwide, was far too influenced by big business and big finance, but the Democratic party was likewise far too influenced by big law and big labor.
Since Mississippi doesn't offer much by way of big business or big finance, big law stepped in to fill the gap and we're only now discovering the full extent of their influence and their corruption.
How big was it? Let's put it this way: they could afford to pay Ed Peters a million bucks just to be the bag man, and that was just the tip on the tip of the iceburg. I really hate it too, because Peters was a guy I admired in a lot of ways, but a million bucks can do a lot to lure a guy to the dark side.
Looking on the bright side, it may be a good sign that any Mississippi scandal could involve so much money. Maybe that there was so much money to be had is an indication of how far Mississippi has come and how much potential there is out there for somebody willing to do things the right way.
While most of us focused on the executive and legislative branches of state government, the real power was in the judicial all along and since it wasn't as well noticed as the other two, hijinks ensued.
I think it's time to admit that the Republican party, in Mississippi and nationwide, was far too influenced by big business and big finance, but the Democratic party was likewise far too influenced by big law and big labor.
Since Mississippi doesn't offer much by way of big business or big finance, big law stepped in to fill the gap and we're only now discovering the full extent of their influence and their corruption.
How big was it? Let's put it this way: they could afford to pay Ed Peters a million bucks just to be the bag man, and that was just the tip on the tip of the iceburg. I really hate it too, because Peters was a guy I admired in a lot of ways, but a million bucks can do a lot to lure a guy to the dark side.
Looking on the bright side, it may be a good sign that any Mississippi scandal could involve so much money. Maybe that there was so much money to be had is an indication of how far Mississippi has come and how much potential there is out there for somebody willing to do things the right way.
Subscribe to:
Posts (Atom)