RagingTantrum.com

Seen the new G2 commercial with Kevin Garnett and a random swimmer? It’s a perfectly fine commercial, until they reveal the tagline at the end:

Congressman Barney Frank puts this moron in her place:

Interesting article by Nicholas Kristof noting that as online news sources gain popularity over traditional media, people increasingly seek news and commentary reinforcing their previously held beliefs. Excerpt:

Is our economy finally beginning to recover?  It depends on who you ask, of course, but the unemployment data we received yesterday is a step in the right direction.  AP reports:

The economy’s most vexing problem, unemployment, is showing the first signs of easing. And Wall Street is celebrating.

Major stock indexes jumped more than 1 percent Friday after the government said the nation’s unemployment rate unexpectedly fell in July for the first time in 15 months and that employers cut fewer jobs. Bond prices fell, driving yields higher as investors left the safety of Treasurys.

The Labor Department report handed investors the best evidence yet that the economy could be climbing out of the recession. Analysts widely consider unemployment the biggest obstacle to a recovery in the economy, which is driven by consumer spending.

The surprise figures injected new life in a monthlong rally and provided validation for traders who have been betting since March that the economy is healing. The Dow Jones industrial average rose 114 points to cap its fourth straight weekly gain. The Dow is at its highest level since early November.

The government said employers shed 247,000 jobs in July, the fewest in a year. Economists had expected 320,000 lost jobs. The unemployment rate dropped to 9.4 percent from 9.5 percent in June, rather than rising to 9.6 percent as forecast.

“It really gave the market the proof that it needed to see,” said Burt White, chief investment officer at LPL Financial in Boston.

While it’s too early to declare the recession over, at least in our opinion, this is good news no matter how you slice it.