DOW HITS RECORD HIGH, MEDIA STAYS FOCUSED ON FOLEY, OTHER STORIES

A remarkable recovery from the Clinton era dot-com economic fall, 9/11 and Katrina. (AP) Many outlets, such as the LA Times, USA Today, ABC News, CBS News, buried the story. For some, it didn’t even make the top money news. The Times story headline: Dow’s New Height Not as Giddy as the Last One. Who’s fault is that? The story complains right from the top, “In less than seven years, the value of the typical U.S. home has risen 64%. The price of gold has doubled. The Russian stock market has rocketed nearly 800%.” (LA Times) The USA Today headline: Dow milestone passes without much celebration or sense of euphoria. Again, who’s fault is that? (USA Today)