Terri Schiavo and Pope John Paul II Die, and So Does the News

[Robbien]

Friday was a very bad day "on Wall Street." Here is a brief overview of what happened:

The Dow closed down 99.46 points, ending at 10,404. (In early March, the Dow closed above 10,900.)

The Nasdaq fell 14.42 points and closed at 1,984.81. (In early March, the Nasdaq was pushing 2,100.)

The price of a barrel of oil rose above $57.00 (for the first time ever) and closed at $57.27.

The March job creation numbers were released. 110,000 jobs were created; half the number Wall Street predicted and half the number needed to "stay ahead of the curve."

Tonight (April 2, 2005, 11:39 p.m. ET), business websites such as Bloomberg, CNBC, the Wall Street Journal, London's Financial Times, the New York Times' business page, and CNN's Lou Dobbs (to name but a few), are all posting business news.

Meanwhile, Fox's "business" websites, Bulls and Bears, Cashin' In, Cavuto on Business, and Forbes on Fox, post this: FOX News Channel's regularly scheduled programming has been pre-empted so we can bring you the latest on Pope John Paul II.

. . .

Comment: Interesting that Fox News is using the death of Pope John Paul II as an excuse to eliminate all that bad business news from the pages of its four Saturday morning "business news" programs. Undoubtedly, the Bush administration is very, very pleased.

http://www.newshounds.us/2005/04/02/terri_schiavo_and_pope_john_paul_ii_die_and_so_does_the_news.php

[still_one]

1. yup, they all are

the attack today in Iraq is all but forgotten

[Erika]

3. Was there an attack in Iraq today? Are we still at war?

We never hear a word about it. I keep wondering when the families are going to get as mad as hell and start yelling. The war which shouldn't have been.

[Robbien]

4. Did you see where they upped the number hurt from 20 to 44 US troops

the total Iraqis hurt still numbered 12.

I almost missed seeing that myself in the flurry of Pope-arama.

[still_one]

5. and the deaths will be slowly filtered in when no one is watching

[MrModerate]

2. In addition to all their other shortcomings . . .

The MSM are a herd of bowerbirds, going after the shiniest thing in their field of view.

Today that's the pope. Hey -- 1 billion people are Catholic, after all.

If the Schimpanski-apparat is pleased, it's just because they're as foolish and shortsighted as we think they are. The bad business news continues to pile up. Much of it has to do with their bad management over the last five years, and especially inattention to China/Peak Oil during this period. (Not that there's a lot we can do about China's increasing appetite for the black stuff.)

The worm is turning. Their bad government is starting to bite them in the ass. Doesn't mean that the planet isn't doomed anyway, but the teflon is wearing off.

See what the big story is one week from today. I predict the papal election story will fizzle.