Yellen pick for Fed helps salve US woes’ lies the Financial Times in it’s second lead this morning. As the Black Dude had only one person on his list, it can’t have been the most challenging ‘pick’ of his Presidency. And no woes have been ‘salved’, he has merely confirmed the supremacy of America’s Unreality Bubble.
This is, mind you, only as unreal as Britain’s loathsome press corps courting regulation at every turn and then proclaiming that an attack on 24/7 smears is an attack on civil rights. Freedom of the press is a liberty, but if that is abused by license, then sooner or later the press will have to be properly watchdogged. My profession of advertising used to tell the odd porkie about how much sugar there might be in a yoghurt, but these days every last claim has to be rigorously tested and demonstrated. Given the press gets away with whoppers about rather bigger issues such as the economy, celeb sexual procilivities, what politicians did or didn’t do, Syrian atrocities and ClubMed austerity, they can hardly moan that MPs are now saying the post-Leveson self-regulation scheme is a sham. Continue reading