World-News

Dean Baker, Truthout: "The stock market's historic plunge over the last year has pushed the news media into a state of near hysteria. News shows and headlines routinely roll out the scorecard on the market's new lows in the same way they might list the victims of a terrorist attack. Sad-faced commentators do their best to assure us that better times lie ahead, even if they can find little reason for hope in the latest economic data. The economic data are indeed grim, but the plunge in stock prices need not be a major cause of concern to the bulk of us who have little or no stock."

http://www.truthout.org/112408A



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