What the Fed is doing with interest rates and its effect on the NYSE, what the turbulence in the Middle East is doing with oil-exporting countries and the price of crude, and the occasional construction near our waters somehow impact the economic outlook of the country.
In an episode, one anchor may read news of a 1.5 percent increase in the Phisix following the US Fed reduction of the discount rate and a local three-day memorial holiday, a phenomenal event which in terms of meteorological news is equivalent to an earthquake scoring 8 on the Richter scale, even if we only experience the aftershocks. Still, the regular news reader may merely shrug and glance at her co-hosts as if to inquire whether her makeup is still okay.
There was a time when radio commentators were more honest and admitted to being puzzled, even overwhelmed, by economic concepts. They would explain the rising prices of basic commodities as a manifestation of the greed of rich traders manipulating the market by cornering supply and squeezing the farmer. Somehow business news got the same spin as political news with villains, conspiracies and bad endings.
Leading broadsheets, even in their online versions, should endeavor to feature business news items on the front page. With a wider readership for economic news and a better appreciation of its impact on the lives of people, there may be a more intelligent context for current events. Investors in the market should then rely less on hot tips and insider information, and more on economic analysis and risk appetite.
Two rabbinical students were caught by the Rabbi gambling and drinking in the company of undesirable characters – even before the sunset on the evening of the Sabbath. The country’s foreign exchange buffer rose to a 25-month high of $104.48 billion in May from $102.65 billion a...
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