US checks S&P’s adding after downgrade

BigPond News Sunday, August 14, 2011 » 01:29pm

The US Securities and Exchange Commission has launched a probe into the process by which Standard Poor’s downgraded the US credit rating, the Wall Street Journal reported.

US officials lashed out at SP after it docked the country’s credit rating from AAA to AA+, accusing the agency of committing a $US2 trillion ($A1.93 trillion) maths error and of using a faulty baseline. SP has stood by its analysis.

The Wall Street Journal, citing unnamed sources, said the SEC would investigate the mathematical model used by the agency and look into which SP employees knew of the decision to downgrade before it was announced.

More here…

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Rupert Murdoch: Fox News Shouldn’t Be Supporting The Tea Party Movement

Rupert Murdoch says Fox News shouldn’t be supporting the Tea Party movement. He actually said that.

Crooks & Liars- By John Amato Thursday Apr 08, 2010 7:00am

Ari over at Media Matters asked Rupert Murdoch if it’s appropriate for his network to be supporting the Tea Party movement. He said “no,” and that they shouldn’t support any party. He must have missed David Frum saying that Republicans actually work for FOX News.

You are probably puking now if you finished watching this short clip. FOX News created the Tea Party movement, period.
MORE HERE

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Capitalism, A Love Story: Dead Peasant Insurance (VIDEO)

ABC News ‘Stunned’ To Discover Dead Peasant Insurance

Daily Kos- by Alien Abductee

Sat Oct 03, 2009 at 02:02:46 AM PDT

Michael Moore’s Capitalism, A Love Story has revealed a deep dark secret to the intrepid reporters of ABC News – so-called Dead Peasant Insurance, the practice of companies taking out secret life insurance policies on their low-level employees, with the benefits paid out to the company upon the employee’s death, even if they no longer work at the company.

(Of course, if they’d been reading dailykos, they would have learned all about it many years ago 🙂  )

MORE HERE

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Air America- Ring Of Fire: Tom DeLay Is A Political Thug

The executives over at ABC apparently have a loose interpretation of the word “star,” which is why they’ve allowed known GOP felon Tom DeLay to compete in the upcoming season of Dancing with the Stars. Mike Papantonio discusses the brain dead thinking that obviously took place in the board rooms of ABC, and he also offers us some reminders of DeLay’s most famous crimes.

HERE

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