Thursday, October 23, 2008

Press Release

From the FBI:
http://www.fbi.gov/pressrel/pressrel08/hoaxletters102308.htm

People to interview: Section Chief Doug Perdue and head of investigative operations at the U.S. postal service

Tuesday, October 7, 2008

Article analysis (1)

Global Fears of a Recession Grow Stronger
By MARK LANDLER
Published: October 6th, 2008
http://www.nytimes.com/2008/10/07/business/worldbusiness/07global.html?hp

The article describes the growing inability of the $700 billion bailout to halt the economic crisis domestically and much less internationally. This information is derived from the two-part-summary lede: “When the White House brought out its $700 billion rescue plan two weeks ago, its sheer size was meant to soothe the global financial system, restoring trust and confidence. Three days after the plan was approved, it looks like a pebble tossed into a churning sea”.

The next three paragraphs can be considered as an extended nut graf. They serve to illustrate the “so what” of the article. In this case, the “so what” is the fact that the bailout plan has done little to help quell foreign fears of recession. “The crisis that began as a made-in-America subprime lending problem and radiated across the world is now circling back home, where it pummeled stock and credit markets on Monday. [The bailout plan] seems to have done little to reassure investors, particularly in Europe, where banks are failing and countries are racing to stave off panicky withdrawals”.

The killer quote, by an economist from M.I.T., starts the eighth paragraph. “It looks pretty ugly…everybody is going to get caught up in this”. This quote serves to open the following body paragraphs that suggests that there needs to be a greater internationally coordinated response to the financial meltdown.

The article concludes with a very effective kicker. “Just as the U.S. rescue plan may not be enough,” he said, “a U.S. stimulus plan by itself will not be enough.”

Written in an inverted pyramid format, this article is a hard news story because it is dealing with timely events and facts. Much of the supporting paragraphs depict the differing and counter-productive efforts being taken by, specifically, the European countries.

Friday, October 3, 2008

By John Flemming

KALAMAZOO, Mich. – Economic policy took center stage during last night’s first and only vice-presidential debate in St. Louis, Missouri, as Sen. Joe Biden and Gov. Sarah Palin strived to gain political ground with the average American while treading lightly; Sen. Biden had to refrain from overly criticizing the governor and Mrs. Palin had to demonstrate her political prowess.

“The economic policies of the last eight years have been the worst economic policies we've ever had” said Sen. Biden as he solicited enormous effort to attack presidential hopeful, John McCain, by linking his policies to that of President Bush.

Gov. Palin agreed that there were indeed economic struggles facing the country. However, she also stated that John McCain was more likely to work in a bipartisan fashion to fix the problem and that he was one of the first to signal the beginning of the financial meltdown.

“John McCain thankfully has been one representing reform. Two years ago, remember, it was John McCain who pushed so hard with the Fannie Mae and Freddie Mac reform measures. He sounded that warning bell,” said Mrs. Palin.

Biden was quick to point out that many of the economic problems have stemmed from the deregulation of Wall Street, a practice he says, that John McCain has fervently supported on 20 different occasions. Palin on the other hand, pointed the finger at the huge lending firms. “There was deception there, and there was greed and there is corruption on Wall Street. And we need to stop that,” said she.

Thursday, October 2, 2008

Connecticut State Police Ban Radar Guns

By John Flemming

KALAMAZOO, Mich. -- Connecticut State Police issued a ban of hand-held radar guns yesterday, fearing a link between the long-term usage of the devices and the development of cancer.

“The feeling here is to err on the side of caution until more is known about the issue,” said state police spokesman, Adam Berluti.

The ban, considered to be the first of its kind, comes just two months after three municipal officers in Connecticut filed workers’ compensation claims, saying they developed cancer from the radar guns.

Although 70 radar guns will be withdrawn from service, State troopers will continue to use radar units with transmitters mounted on the outside of their cruisers.

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