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09. 29. 2008

Wall Street, Main Street, and $700 billion bailout news


The Wall Street Journal is calling its roundup of news about The $700 Billion Meltdown/Bailout "Wall Street in Crisis."

I suppose if your name is The Wall Street Journal, that narrow canyon has to be part of the label. Even if the whole poin t- the reason Washington policymakers are in an uproar - is that the financial tsunami is spreading far beyond downtown NYC. Lawmakers are contemplating ponying up taxpayer billions only because it is threatening to engulf freeways and cul-de-sacs from from sea to shining sea. With more than ripple effects elsewhere on the planet.

Which is the reason I'm paying attention, and probably you are too. So here's a time-saving way to do it. Despite the misnomer, dedicated to one-stop-shopping for this heart-stopping financial news, even when its place of origin is not Wall Street.

WSJ online content used to be subscription only, but a while back it joined the Web trend to making at least some of it available free to freeloaders like me - including much of the news on the "WS in Crisis" pages. RSS feeds, however, are yours only if you pay up.

So this has got me thinking: if I'm reading Wall Street Journal content without paying, am I part of the reason Wall Street is In Crisis? Or does the fact that I'll be contributing to that $700 billion bailout entitle me to free news about it?

Posted by Tam    Category: current affairs | on the web
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