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?