Oct

20

A Meaningless Milestone?
Friday, October 20, 2006; D01

The Dow Jones industrial average logged another record yesterday, closing above the 12,000 mark for the first time. Despite the fanfare, it could be argued that the milestone is more symbolic than meaningful. A look at some other “milestones”:

Milestone
The U.S. population tops 300 million
Coldplay’s “Speed of Sound” is the 1 billionth song sold on iTunes
Museum Lichtspiele in Munich celebrates 30 years
of daily screenings of “The Rocky Horror Picture Show”
Mary Kate and Ashley Olsen turn 18
Gasoline hits $2 per gallon

The Washington Post still substantially sets the agenda/tone for the national punditocracy and its followers in local newsrooms around the nation.

The Post has decided the only way to deal with objective undeniable widely-known good economic news is to declare it irrelevant, smearing it by association with banal trivialities.

Propaganda students, take note.


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