conspiracies by the ex-president and his allies including in the media. in its $1.6 billion defamation case pierces the hermetically sealed bubble that is fox news. the network that drives the conversation and conduct in the republican party and on the right like none other. it shows that hosts on fox news either peddled the big lie that the 2020 election was stolen from trump or gave the platform for people to spread the big lie that the election was stolen from trump for one reason and one reason only, fear, terror really of losing viewers and tumbling stock prices and viewers migrating to more radical outlets. messages and emails obtained by dominion along with testimony from fox news employees and hosts reveals that it was well known and bantered about inside fox news that the vote fraud conspiracies were as rupert murdoch put it terrible stuff, damaging everybody. and that it was, quote, very hard to credibly claim foul. claim foul, they did and panic over viewers turnin
producer, to the executives understand how much credibility and trust we ve lost with our audience. asker we playing with fire. an alternative like newsmax could be devastating. from arena, an executive our viewers left this week after arizona, from porter barry, an executive, email to ratings analyst, just pulled up newsmax s show and they re hitting cavuto. they re whacking us. it s smart on their part. just to come back down to planet earth for a second, our viewers left after arizona. joe biden won. fox didn t do anything. the attachment to the delusion is part. the big headline out of this. the attachment to the lie because their viewers can t handle the truth because they condition them to believe the lie and unawareness of their role in that vicious cycle is staggering. i think in a sense they may well be aware and yet that isn t the problem or point.
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four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe s debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to break out of that. lowering their global growth forecasts and enough to shake a shaky market which bank stocks in europe are down and real concerns about the debt crisis in europe. still even after france s aaa rating was reaffirmed. an icky situation here this morning. the dax and ftse is down and cac is down also. bracing for a big sell-off this morning. saw new data from the united states. joble