Daniel Gross writes on Slate that the launch of the Fox Business Network may be about two years too late because of the recent stock market downturn.
“But now? At a time when the bull market seems to be breaking down, when investment banks are beginning to cope with the aftermath of a credit orgy, at a time in which income inequality has surged to levels not seen since the 1920s, and when even rich people are abandoning the Republican Party—you have to wonder whether this is the most auspicious time to launch a new TV network that combines GOP talking points and simplistic market updates.
“So, does the debut of the Fox Business Channel signify a top? They’ll report. The market will decide.”
Read more here.
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