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Matters Financial |
11 August 2003
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Rising Productivity Keeps Lid on Job Growth
Worker productivity is up in the US, and the unemployment rate is down. So why isn't any one cheering?
Maybe it's because there are 500,000 new "discouraged" workers who are no longer counted in official
statistics. The old saw is true "Figures can lie, and liars can figure." Click here to read more.
Univision-Hispanic Broadcsting Merger Narrows Choice
The FCC is about to approve a media merger that will result in a concentration of market power far
beyond anything that America has seen to date. Congress is not even asking any questions about it, and
the Justice Department has already approved it. Yet there is very little in the media about it. The reason
is simple, the merger is among Spanish-language media outlets, and so the powers that be can say,
"No me importa." Click here to read more.
Ex-PM of Pakistan Guilty of Money Laundering
Former Pakistan Prime Minister Benazir Bhutto was convicted last week by a Swiss court for money
laundering. The penalty is a trifling $50,000 fine and a six-month suspended sentence. Jailed ImClone
founder Sam Waksal must wish he had evaded his taxes in Switzerland rather than the US. Click here for our view.