Voting Off The Island

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The New York Stock Exchange has yanked the credentials of Al Jazeera's two stock exchange reporters. Jazeera claims it's being punished for its war coverage. NYSE spokesman Ray Pellechia claims the move was made for security reasons and says other networks (unnamed, natch) have been refused accreditation. Since the simplest explanation is the most likely one, I think the Exchange just didn't want Arabs to learn about yesterday's embarrassing Chicken Little selloff.

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  1. The NYSE is private property.

    Regardless of what AJ portends to be…
    it is perceived as Osama’s propoganda network
    and is perceived as sympathetic to Saddam while
    US servicemen are dying every day.

    Professional traders are very much on top of
    world events in a REAL sense… they put their
    money on the line every day.

    Unlike “internet journalism”…
    it’s not an esoteric game.

    Monday’s 4% selloff was an unremarkable market
    event. It was an efficient response to a weekend increase in perceived financial risk.

  2. In the US, self interest or bias defeats the loudly trumpeted ‘freedom of speech’ again and again – does anyone in the US believe in either the concept or existence of such freedom any more?

  3. I’m sorry but this is a petty, shortsighted move by the NYSE. Gulf state investors hold over $1.2 trillion in holdings, so the lack of investors excuse doesn’t jibe. The images they showed were horrid, no doubt, but they are a part of war. CNN didn’t get punished for showing our guy getting dragged through the Somali streets. Just because the NYSE has the right to do this, doesn’t mean it’s right.

  4. The NYSE is, arguably, the #3 terrorist target
    in America… trailing only the White House and
    Congress. You can be sure that NYSE security is
    not strip searching grandmas to appease the
    appeasers…

    Gulf state investors have been at it for 30 years
    and are sophisticated. Their investment decisions
    are not political statements. For them… it’s
    really all about money.

    Personally, I can’t wait for the US Senate to
    get “petty and shortsighted” with France. That
    $50 bottle of French wine/perfume that we can’t
    live without will suddenly be $200.

  5. The NYSE is, arguably, the #3 terrorist target
    in America… trailing only the White House and
    Congress. You can be sure that NYSE security is
    not strip searching grandmas to appease the
    appeasers…

    Gulf state investors have been at it for 30 years
    and are sophisticated. Their investment decisions
    are not political statements. For them… it’s
    really all about money.

    Personally, I can’t wait for the US Senate to
    get “petty and shortsighted” with France. That
    $50 bottle of French wine/perfume that we can’t
    live without will suddenly be $200.

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