Cake or Death: NBC = <strong>N</strong>ational <strong>B</strong>ullshit <strong>C</strong>reators

Al Gore says global warming is YOUR fault!
"He betrayed this country! He played on our fears!"
You don't say...

September 18th, 2007

Fed Cuts Benchmark Rate Half Point, Seeking to Forestall Recession in U.S. - "The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, the first cut in four years, to protect the U.S. from sinking into a recession sparked by fallout from the housing-market collapse. 'Today's action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets,' the Federal Open Market Committee said in a statement after meeting today in Washington. The central bank will 'act as needed to foster price stability and sustainable economic growth.' Stocks surged, two-year Treasury notes rose and the dollar fell to a record low against the euro. The larger-than-forecast reduction suggests Chairman Ben S. Bernanke is prepared to leave himself open to criticism that he's rescuing investors from bad decisions for the sake of saving the six-year expansion."
U.S. Producer Prices Drop More Than Forecast; Foreclosures on Homes Double - "The 1.4 percent decrease, the biggest since October, followed a 0.6 percent increase in July, the Labor Department said today in Washington. So-called core prices, which exclude fuel and food costs, rose 0.2 percent after a 0.1 percent gain the month before. Slower inflation gave policy makers room to cut their benchmark rate today in an effort to sustain the expansion in the face of a housing recession. A drop in fuel expenses pushed prices down in August and cooling economic growth will continue to restrain raw-material costs, economists said."

September 14th, 2007

U.S. Retail Sales, Output Rise Less Than Forecast, Adding to Rate-Cut Case - "The 0.3 percent increase in sales during August followed a revised 0.5 percent gain in July, the Commerce Department said today in Washington. Purchases excluding automobiles unexpectedly fell 0.4 percent. Production gained 0.2 percent, with factory output declining for the first time since February. While a report from the University of Michigan and Reuters Group Plc showed consumer confidence increased, their sentiment index remained near the lowest level in a year. Treasury notes rallied after the retail sales and production reports, before losing the gains."

September 13th, 2007

Greenspan Says He Didn't Foresee Credit Rout, Endorses Bernanke, CBS Says - "Current Fed Chairman Ben S. Bernanke 'is doing an excellent job,' Greenspan said in an interview on the 60 Minutes program, according to excerpts e-mailed by CBS today. The show is scheduled to air on Sept. 16, a day before the publication of Greenspan's book, 'The Age of Turbulence.' The remarks come amid criticism among some investors that Bernanke has failed to be as forceful as his predecessor in responding to financial turmoil. Greenspan in 1998 cut interest rates three times after a Russian debt default rippled through global markets. Bernanke's Fed has refrained from lowering its benchmark so far, relying on other tools to provide liquidity."
Commercial-Paper Market Decline in U.S. Slows as Concerns Over Credit Ease - "U.S. stocks rose and Treasuries fell after the Federal Reserve reported short-term debt dropped by $8.2 billion, compared with a decline of $31.3 billion a week earlier. That coincided with Countrywide Financial Corp. obtaining new financing and banks finding buyers for loans to fund Kohlberg Kravis Roberts & Co.'s buyout of Alliance Boots. Issuers with the biggest chance of default had stopped trying to sell commercial paper, rekindling appetite for short- term debt, said Tony Crescenzi, chief bond market strategist at Miller Tabak & Co. in New York. 'Investors have already pushed out the weakest issuers,' Crescenzi said in an e-mail. 'The commercial paper that remains is a relatively more respected crop.'"

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Friday, April 07, 2006

NBC = National Bullshit Creators

I'm certainly not the first to post on the story National Bullshit Creators' Dateline was trying to create. Not being a big fan of NASCAR, I didn't pay much attention to it to be honest, but Michelle Malkin posted this from NASCAR.com about the security at speedways and NASCAR fans in general.

Mike Smith, director of public relations for Martinsville Speedway, said that the Dateline crew's presence wasn't as stealth as it possibly hoped.

"Our security knew almost immediately that [the Dateline crew] were on site and they were monitored the whole time they were here, for obvious reasons -- their protections, fans protection -- and they were not disturbed," Smith said. "It says a lot about our fans.

"If there is an upside, it shows that the image so many people have of NASCAR fans is a false one, and it shows that not only at Martinsville Speedway, but at NASCAR tracks in general, it shows what type of security we have in place that can discover something like this, observe it and make sure nothing happens.

I think that about sums up the situation. The National Bullshit Creators at Dateline tried to frame NASCAR and their fans as racist rednecks and it appears to have totally backfired, actually painting the "journalists" at National Bullshit Creators' Dateline as the judgemental racists making unjustified assumptions about NASCAR fans.

And that the security was good enough to notice the undercover camera crew with the "Muslims," speaks volumes of how seriously NASCAR takes the safety of their fans, the drivers, and the pit crews. I don't think most sports venues would have noticed the crew. In fact why not do it at a NBA game? NFL? Baseball? Hockey? I think hockey would have been a great place to try this little experiment. If they're trying to find a sport whose athletes and fans are predominately white, this would be it. So why not? Is it because hockey is popular in the New England area? Popular among elitist the National Bullshit Creators at Dateline and their friends?

We couldn't have that now could we...

Link to me! Posted by jwookie : 10:35 AM

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