Jon Stewart–Jim Cramer Conflict
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Jon Stewart–Jim Cramer Conflict
On March 12, 2009, television personality Jim Cramer appeared as a guest on ''The Daily Show, The Daily Show with Jon Stewart''. The host of CNBC's ''Mad Money'', Cramer appeared in response to host Jon Stewart's highly publicized week-long criticism of CNBC. The exchange began with a scathing piece on CNBC's miscalculations regarding the financial crisis of 2007–2008 in response to CNBC commentator Rick Santelli, who had recently said on the floor of the Chicago Board of Trade that homeowners facing foreclosure were "losers". Santelli had been set to appear on the show, but CNBC canceled Santelli's appearance. Stewart, along with ''Daily Show'' executives, claimed the CNBC montage was not retaliatory and that they planned to show it before the cancellation was announced. Subsequent media coverage of exchanges between Cramer (who had been featured heavily in the original segment) and Stewart led to a highly anticipated face-to-face confrontation on Stewart's show. The episode rece ...
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Cramer On Dailyshow
Cramer may refer to: Businesses * Cramer brothers, 18th century publishers * Cramer Systems, a software company * Cramer & Co., a former musical-related business in London Other uses * Cramer (surname), including a list of people and fictional characters * Cramer, Minnesota, United States, an unincorporated community * Mount Cramer, Idaho, United States See also

* * * Kramer (other) {{dab, geo ...
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Bear Stearns
The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis. In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities which were, in the case of mortgages, pioneered by Lewis Ranieri, "the father of mortgage securities". As investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially to the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try to avert a sudden co ...
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TPMTv
''Talking Points Memo'' (''TPM'') is a liberal political news and opinion website created and run by Josh Marshall that debuted on November 12, 2000. The name is a reference to the memo (short list) consisting of the issues (points) discussed by one's side in a debate or used to support a position taken on an issue. By 2007, ''TPM'' received an average of 400,000 page views every weekday. Growth ''Talking Points Memo'' was founded as a political blog in 2000 Josh Marshall, who until 2004 was the site's sole employee. In 2005, TPM Media LLC was incorporated, and the company began to grow with more employees and spinoff websites. By 2009 it had 11 employees, and, having previously been funded by ads and reader donations, received angel investments from a group led by Marc Andreessen. In 2009, ''TPM'' opened a Washington, D.C. office and joined the White House press pool along with several other progressive news outlets to cover the Obama administration. The site introduced ...
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Bull Market
A market trend is a perceived tendency of financial markets to move in a particular direction over time. Analysts classify these trends as ''secular'' for long time-frames, ''primary'' for medium time-frames, and ''secondary'' for short time-frames. Traders attempt to identify market trends using technical analysis, a framework which characterizes market trends as predictable price tendencies within the market when price reaches support and resistance levels, varying over time. A market trend can only be determined in hindsight, since at any time prices in the future are not known. Market terminology The terms "bull market" and "bear market" describe upward and downward market trends, respectively, and can be used to describe either the market as a whole or specific sectors and securities. The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the s ...
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Today (NBC Program)
''Today'' (also called ''The Today Show'' or informally, ''NBC News Today'') is an American news and talk morning television show that airs weekdays from 7:00 a.m. to 11:00 a.m. on NBC. The program debuted on January 14, 1952. It was the first of its genre on American television and in the world, and after 70 years of broadcasting it is fifth on the list of longest-running United States television series. Originally a weekday two-hour program from 7:00 a.m. to 9:00 a.m., it expanded to Sundays in 1987 and Saturdays in 1992. The weekday broadcast expanded to three hours in 2000, and to four hours in 2007 (though over time, the third and fourth hours became distinct entities). ''Today''s dominance was virtually unchallenged by the other networks until the late 1980s, when it was overtaken by ABC's ''Good Morning America''. ''Today'' retook the Nielsen ratings lead the week of December 11, 1995, and held onto that position for 852 consecutive weeks until the ...
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Common Stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not own any particular assets of the company, which belong to all the shareholders in common. A corporation may issue both ordinary and preference shares, in which case the preference shareholders have priority to receive dividends. In the event of liquidation, ordinary shareholders receive any remaining funds after bondholders, creditors (including employees), and preference shareholders are paid. When the liquidation happens through bankruptcy, the ordinary shareholders typically receive nothing. ...
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Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant #Citicorp, Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citigroup is Delaware General Corporation Law, incorporated in Delaware. Citigroup is the List of largest banks in the United States, third largest banking institution in the United States; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board and is commonly cited as ...
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Urban Legend
An urban legend (sometimes contemporary legend, modern legend, urban myth, or urban tale) is a genre of folklore comprising stories or fallacious claims circulated as true, especially as having happened to a "friend of a friend" or a family member, often with horrifying, humorous, or cautionary elements. These legends can be entertaining but often concern mysterious peril or troubling events, such as disappearances and strange objects or entities. Urban legends may confirm moral standards, reflect prejudices, or be a way to make sense of societal anxieties. Urban legends in the past were most often circulated orally, but now can also be spread by any media. This includes newspapers, mobile news apps, e-mail, and most often, social media. Some urban legends have passed through the years/decades with only minor changes, in where the time period takes place. Generic urban legends are often altered to suit regional variations, but the lesson or moral remains majorly the same. Or ...
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Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the '' Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he represented the 13th district in the Illinois Senate from 1997 until 2004, when he ran for the U ...
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Frank Rich
Frank Hart Rich Jr. (born 1949) is an American essayist and liberal op-ed columnist, who held various positions within ''The New York Times'' from 1980 to 2011. He has also produced television series and documentaries for HBO. Rich is currently writer-at-large for '' New York'' magazine, where he writes essays on politics and culture and engages in regular dialogues on news of the week for the "Daily Intelligencer". He served as executive producer of the long-running HBO comedy series ''Veep'', having joined the show at its outset in 2011, and of the HBO drama series '' Succession''. Early life Born on June 2, 1949, Rich grew up in Washington, D.C. His mother, Helene Fisher (née Aaronson), a schoolteacher and artist, was from a Russian Jewish family that originally settled in Brooklyn, New York, but moved to Washington after the stock market crash of 1929. His father, Frank Hart Rich, a businessman, was from a German Jewish family long-settled in Washington. He attended publ ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Ad Hominem
''Ad hominem'' (), short for ''argumentum ad hominem'' (), refers to several types of arguments, most of which are fallacious. Typically, this term refers to a rhetorical strategy where the speaker attacks the character, motive, or some other attribute of the person making an argument rather than addressing the substance of the argument itself. The most common form of ''ad hominem'' is "A makes a claim ''x'', B asserts that A holds a property that is unwelcome, and hence B concludes that argument ''x'' is wrong". Fallacious ''ad hominem'' reasoning occurs where the validity of an argument is not based on deduction or syllogism, but on an attribute of the person putting it forward. Valid ''ad hominem'' arguments occur in informal logic, where the person making the argument relies on arguments from authority such as testimony, expertise, or a selective presentation of information supporting the position they are advocating. In this case, counterarguments may be made that ...
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