News Junkie - Live Wire

ROBERT FEDER’S GIMMICK

It’s a subject I’ve left mostly alone, not because I’ve been told not to address it but because I’m hesitant to give airtime or blog space to a man who still calls Web traffic ‘hits‘ and has an unhealthy obsession with WGN Radio. Tonight, on the podcast, I’ll dive into the mud on this one. Stay tuned.

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FOX/CNN/MSNBC DISSECTED

Some great analysis of the current cable media landscape from CJR today. I disagree with a few points (especially the bit about MSNBC offering a rainbow of opinons) but this quote is interesting:

From personal experience covering news around the world, you almost always run into a CNN crew or stringer. You almost never run into a Fox reporter, and never one from MSNBC.

Read the whole thing at CJR’s website.

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ROY ASHBURN: “I’M GAY”

California State Senator Roy Ashburn admits to being a homosexual in an interview today on KERN. You can listen to the interview in this post and read the details here. Ashburn vows to carry on.

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BETTY WHITE TO SNL

After a massive online movement to draft her into the hosting duties at Saturday Night Live, Betty White confirms she will appear on the show.

But will she host?

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PETA TARGETS SEAWORLD

PETA sees a wounded opponent in SeaWorld after last month’s killer whale attack. Their latest mantra: “Let whales and dolphins ‘out of prison.’

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ADAM GADAHN CAPTURED

HUGE news out of Pakistan: American-born al-Qaeda leader Adam Gadahn has been arrested.

Update: It’s not him?

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NYT ON SCIENTOLOGY

‘Breaking With Scientology’ won’t hit print until tomorrow but you can read the New York Times assault on Scientology online right now.

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PHOTOS: TOYOTA HEARINGS

Executives from Toyota Motor Corp made the journey to Washington D.C. this morning to face down angry customers seething over their company’s recall follies. Take a look at these pictures from today’s event.

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THE BLOOM BOX

I can’t decide if the Bloom Box is the greatest invention ever or if I’m a bit like an old lady being conned by a slimy auto mechanic. Regardless, you have to watch this video. [Video]

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SCOTTY LAGO PHOTOS

Snowboarder Scotty Lago leaves the Olympic village in Vancouver after sexually suggestive photos of the bronze medalist and his trophy surfaced online. Lago says he’s in a ‘blackout’ and can’t talk about the event until next month. [View The Photos]

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RAY GOSLING ARRESTED

What happens when you admit to a murder on British public television? Well, you get arrested, of course. BBC presenter Ray Gosling arrested on suspicion of murder. [Details]

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TIGER WOODS PRESSER

Tiger Woods will finally reemerge from the shadows this Friday. The golf pro and reported sex addict is planning on holding a press conference at the PGA headquarters at 11AM Eastern. [Details]

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UNEMPLOYMENT RATE DROPS

The unemployment rate has dropped to 9.7%. That’s down from 10% which seems like good news but the economy still shed 200,000 jobs.


GDP GROWS AT 5.7%

The end-of-year GDP grew at a solid 5.7%


JOBLESS CLAIMS RISE

Wake Up: Jobless claims rise to 482,000.


NO MORE STIMULUS

Survey of economists: No more stimulus needed.


UNEMPLOYMENT TO 10%

The unemployment rate has declined, just a bit


HOLD ON BERNANKE

Vermont Independent Bernie Sanders puts Senate hold on Ben Bernanke’s second term

A tough quote from Sanders after the cut


EXTREME HOME FORECLOSURE

The aftermath of a reality TV whirlwind:

Five years ago, the Wofford family’s home received a new house on ABC’s “Extreme Makeover” show. But now the family’s Encinitas home may be weeks away from foreclosure.


STRONG CORE STRENGTHS

President Obama hails the economy’s ‘core strengths‘ on the road.

Gawker compares it to McCain’s ‘fundamentals of the economy’ shtick…


White House Pressers Becoming WWE Events

Allow me to illustrate a point by shining a light on two different worlds.

World One involves the White House and it’s mouth piece, Press Secretary Robert Gibbs. In this world everything is worthy of a yuck-yuck moment and it’s perfectly acceptable to turn a press conference into something just short of a skit on Monday Night Raw. Let’s go to the tape…

MR. GIBBS: I will say this — I will


Freddie Mac Suicide: Acting CFO Found Dead

Around 5AM this morning, Fairfax County, Virginia police received a phone call from family members of David Kellerman, acting CFO of Freddie Mac. “We were called from inside the house to come investigate an apparent suicide,” Fairfax County Police spokeswoman Mary Anne Jennings said.

Kellerman was responsible for Freddie Mac’s finances and has been under pressure since the government intervened to save the struggling company with taxpayer funds. Though Freddie Mac is…


Friday Fun: Jim Cramer Freaks Out

Again. I should have said Jim Cramer Freaks Out Again. Because God knows this guy can blow a lid with the best of them. But you know what? I like him. He’s entertaining and, as he’s keeping me watching, I learn a thing or two as well. There’s nothing wrong with that. Check out the verbal explosion (am I overselling it?) in the video below and have yourself a fantastic weekend.

P.S.…


Photo: A Sign Of The Times?

Not sure where this photo was snapped but it’s clearly a bright business owner trying to make the best of a tough situation. You’ve seen this kind of thing from coast-to-coast. From unemployed husbands wearing sandwich boards, handing out resumes in the city to downright begging from those who lost their jobs early on in the year.

signlarge

It’s nice to see someone keeping their sense of humor ‘in this economy’. Man am…


Budget Passes With No GOP Votes

While you were sleeping…:

Acting in quick succession, the House and Senate approved budgets Thursday night drawn to President Barack Obama’s specifications and pointing the way toward major legislation later this year on health care, energy and education.

The House budget drew opposition from 20 Democrats as well as all 176 Republicans who voted.

In the Senate, only two Democrats voted against the plan, along with all 41 Republicans.


Jobless Rate Jumps To 8.5 Percent

It’s the highest unemployment rate since 1983…:

The nation’s unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide range of employers eliminated a net total of 663,000 jobs.

The Labor Department’s report is fresh evidence of the toll the recession has inflicted on America’s workers and companies.

The latest tally of job losses, released Friday, was slightly higher than the 654,000 that economists expected. The rise


Geithner Talks, The Dollar Tanks

Another massive embarrassment for Tim Geithner:

Geithner, at the Council on Foreign Relations, said the U.S. is “open” to a headline-grabbing proposal by the governor of the China’s central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and “evolutionary.”
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Evidently sensing a gaffe, moderator Roger Altman told Geithner that it would be