I have always thought that despite its carbuncular editorial pages (living in their own Twilight Zone), the WSJ is the best newspaper in the whole nation to get the actual news, i.e. things as they are as opposed to what they want the masses to believe. But no more! Under Murdoch, the quality of this once great newspaper is in shambles and nothing is hurt more than the 'news' division . Below the fold is a sample of the newly-found deterioration in news division of the WSJ I just came across..
Is it my eyes this late at night or something is really wrong with this kind of journalism coming from the Wall Street Journal, the de facto leader of the business news??
Some within the Obama administration fear that curbing executive pay will discourage those companies from participating, delaying the financial-sector's recovery. Another faction in the administration believes that banks need to accept fairly punitive terms in exchange for getting government money.
Some banks have already turned down government cash because they worried about the increasing number of new conditions under consideration.
The full article can be found here.
What is this business of 'some'?? What are these 'some' banks? In what way this will prevent them from 'participating'? Participate in what? Are they going to stop lending?? Hasn't they already done that to a large extent??
Who are these 'some' within the administration who are fearful? And who belong to this so-called 'faction' within the Obama administration which supports the policy??
Is this the best WSJ can do? Filling a news article with anonymous quotes and facts without providing the source??? What the fu*k is going on??