25 mars 2009

Top 5 USA États-Unis Top Actualité

Citation de la semaine
"CNN [had] solved the mystery of those who were involved in the legislative loophole that allowed the AIG bonuses to go through. It was the Obama Treasury Department and Senator Chris Dodd".
—Dana Bash (CNN) about the AIG bonus

Poids média de l'actualité américaine (16-22 mars) selon le Pew Research Center:

Actualité États-Unis

Actualité États-Unis

Actualité États-Unis

One Story Dominates: AIG in the Crosshairs

Last week, the media narrative for a complex economic crisis got much simpler. The coverage focused on one corporate villain and one angry public.

With news of the AIG bonuses driving that narrative, the economic crisis generated its highest level of weekly coverage to date. From March 16-22, it filled 53% of the newshole according to the Pew Research Center’s Project for Excellence in Journalism. That not only marks a major increase over the previous week (35% of the newshole). It is the highest level of weekly coverage for any story other than the 2008 presidential campaign since PEJ started its News Coverage Index in January 2007.

As further evidence of the week’s lopsided news coverage, the No. 2 story, turmoil inside Pakistan, was all the way back at 3% of the newshole.

The catalyst for last week’s news agenda was the revelation that failing insurance giant AIG—which had received about $180 billion in bailout funds—was paying out $165 million in bonuses. As fallout spread from Capitol Hill to the Connecticut homes of AIG officials, the bonus story accounted for more than half the economic crisis coverage. And the overarching theme was outrage.

“A.I.G. is a P.I.G.,” shouted the front page headline of the New York Daily News as a U.S. Senator suggested the company’s executives either resign or “go commit suicide.”

There were some alternative voices in the press, such as the New York Times’ Andrew Ross Sorkin who wrote that, “Maybe we have to swallow hard and pay up, partly for our own good.” But that view was eclipsed in coverage that also tried to assess the collateral political damage, particularly to President Obama and his beleaguered Treasury Secretary Tim Geithner.

In one clear marker of how thoroughly the AIG story permeated the media landscape, Tonight host Jay Leno had barely exchanged pleasantries with Obama on his March 19 show when he dove straight into the subject. “I know you are angry — because, you know, doing what I do, you kind of study body language a little bit,” he told Obama. “And you looked very angry about these bonuses. Actually, stunned.”

One Story Dominates: AIG in the Crosshairs

25 mars 2009

Control freak Économie En Vidéos États-Unis Récession

L’Administration Obama veut plus de pouvoir pour ses amis et moins de libertés pour les citoyens…

Indeed !

25 mars 2009

Quand l’État ‘laisse faire’… Économie États-Unis Récession

Hedge FundLa crise a été causée par la déréglementation.  C'est du moins ce que claironnent les médias gauchistes.  Selon leur propagande, si le système financier avait été mieux régulé, les pertes auraient été moindres.

Les "hedge funds" sont des fonds d'investissement, pratiquement non réglementés, utilisant abondamment des produits dérivés complexes. Selon l'argument avancé dans les disciples de l'étatisme, les "hedge fund" auraient dû être sévèrement frappés par la crise.

Pour l'année 2008, les "hedge fund" américains ont perdu 7,42% de leur valeur. Pendant ce temps, l'indice Dow Jones, qui est constitué de titres très réglementés, a perdu 33,5% de sa valeur.

Une autre incohérence qui s'ajoute au discours des apôtres de l'interventionnisme.

25 mars 2009

Fin de la récréation Chine Économie États-Unis Récession Revue de presse

The Daily Telegraph

China calls for the reign of the dollar to end
The Daily Telegraph

China has called for the eventual replacement of the dollar as the world’s reserve currency, in a sign of its growing concern about the dominant role played by the US in the global economy.

The bold proposal, just days before world leaders gather in London to discuss the financial crisis at the G20 meeting, was made by the head of the Chinese central bank.

In an essay published both in Chinese and English on the bank’s website, Zhou Xiaochuan argued that cost of using the dollar as a global reserve currency “may have exceeded its benefits”. Mr Zhou’s essay comes days after the US announced that it would buy back as much as $300bn (£20bn) of Treasuries and $1 trillion of illiquid bank assets.

Since the Federal Reserve is likely to print more money to finance the purchase of the Treasuries, it could weaken the dollar and further devalue China’s $1.95 trillion of foreign reserves.

Earlier this month Wen Jiabao, the Chinese prime minister, said that he was « worried » about the safety of China’s dollar assets, and urged the US to « stay a credible nation ».