Aug 26 2015

Media Bias Hypes Up Importance of Stock Market Fluctuations

Feature Stories | Published 26 Aug 2015, 10:30 am | Comments Off on Media Bias Hypes Up Importance of Stock Market Fluctuations -

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GUEST: Sean McElwee, research associate at Demos, whose latest article is entitled, “What If We Reported On Poverty The Way We Report On The Stock Market?

The US stock market recovered after a major plunge this Monday, reacting to Chinese stock values dropping. While the health of the US economy has been much vaunted, Wall Street has disproportionately borne the fruits of a recovery.

Even when the official unemployment rate falls, wages remain depressed, hours and benefits are stagnant, union representation is extremely low, and in general, ordinary Americans are still struggling to make ends meet.

So what are the rest of us to make of the breathless news coverage of stock markets slumping and investors losing their billions? These are riches beyond our wildest dreams that have remained elusive for most of our lives.

Click here to read McElwee’s article.

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