Fox News Banned From Canada ( Archived) (117)

mnowsa: no, no, no! i don't want to hear anything now! i want the USA to invade canada now. how dare canada ban the most 'fair and balance' news channel, the FOX news!

Paldi5: Where are we now?

In response to: Holes in the System: Origins of "Systemic Risk"

Experts have sought to identify the key drivers of so-called "systemic risk," or the financial interdependencies that allowed a seemingly limited subprime mortgage crisis to culminate in widespread financial panic in the United States and abroad, as well as the failure of some of the country's most prominent financial institutions. Some critics of Fed policy consider its actions from 2003 to early 2005 at least partially to blame.

Exerpts;

During this period, the Fed, under the direction of then-chairman Alan Greenspan, kept the federal funds rate at a low 1 percent and allowed for significant credit expansion. In the 2009 book The Road Ahead for the Fed, Carnegie Mellon's Tepper School of Business professor Allan Meltzer writes that, judging by the Taylor's rule guidelines on setting interest rates, Greenspan's Fed policy was too expansive, considering that short-term interest rates remained negative as the economy continued to grow. Greenspan attributed this policy to his belief that the U.S. economy faced a risk of deflation (a decline in prices due to a tightening supply of credit) similar to Japan's experience in the 1990s.

Some members of Congress, led by Representative Ron Paul (R-TX), supported legislation to require the Government Accountability Office to audit all Fed activities. Many economists strongly oppose this idea. In a November 2009 Wall Street Journal op-ed, University of Chicago Business school professor Anil Kashyap and Columbia University business school professor Frederic Mishkin argue that subjecting the Fed to the political pressure of GAO monitoring might lead the central bank to seek to lower unemployment more in the short run, ignoring the long-term threat of inflation. In a July 2009 petition signed by more than four hundred economists, Kashyap and Mishkin said such oversight would put upward pressure on interest rates without lowering unemployment in the long run, raising the risk of inflation and causing borrowing costs to rise.

Accountability vs. Independence

Hash away.

Paul's "Audit the Fed" measure failed to pass in June 2010 after losing the support of the bill's original Democratic co-sponsors. Still, a similar amendment proposed by Senator Bernie Sanders (I-VT) was wrapped into the final Dodd-Frank Wall Street Reform and Consumer Protection Act (PDF), calling for a one-time government audit (WSJ) of all of the Fed's emergency lending programs as of December 2007. Paul pledged to hold hearings on monetary policy and campaign for a full audit of Fed activity when he takes control (Bloomberg) of the House subcommittee that oversees the Fed in January 2011.

ttom500: That al Jeezera...now there is a reputable news agency. alQeada agents are going to plant a IED on a road in Iraq. They call al Jazeera to sends new team to cover the detonation and killing.

Some how I don't even think FOX would stoop that low to get a story. I seem to remember a US news and media outlet more than once working with the local law enforcement to keep such event from happening.

But not al Jazeera. It was good stuff to show in middle east.
But I can see where one might consider al Jazeera unbiazed. Without a political spin. Then again, bin Laden does release most of his video thru al Jazeera. I wonder why that is? Maybe because
bin Laden knows that the political twists that al Jazeera is going to give on his tape will favor his Jhadid the most?