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Matters Financial |
15 March 2004
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US Trade Deficit Record Caused by Dollar
America's trade deficit hit a record $43.1 billion in January up from a revised $42.7 billion in December. The January result is $200 million higher than the previous record set in March 2003. Imports dropped by $700 million, and exports slid $1.1 billion. However, the unseen picture is the effect the role of the dollar has in the world economy.
DishTV Drops Viacom Channels for 36-Hours
Starting Tuesday morning last week, there was no Nickelodeon, no BET, no MTV or any other Viacom owned station for subscribers to DishTV, the satellite TV system from EchoStar. While the dispute was a simple one concerning money and was settled in 36 hours, the absence of these channels offered a chance for competitors and raises questions about network ownership.
Lou Dobbs Sees the Light
Lou Dobbs is CNN's financial heavyweight. So why are media giants like the Financial Times, the Economist and the Wall Street Journal attacking him? It seems that Mr. Dobbs won't drink the Kool-Aid on jobs and economics. Instead, he calls for a "balanced US trade policy." Too many truths got in his way.