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Yesterday's big lead story in the New York Times (NYSE: NYT) questioning Republican presidential hopeful John McCain's ethics surrounding his relationship with a female lobbyist, was nothing more than a political hit job and not only did it backfire as McCain is raising money off this story but also sent shares of the Times' stock slipping more than 6%.
The Times stopped long ago being the paper that coined the phrase "all the news that's fit to print." The paper has turned into a mouthpiece of the far left wing in not just domestic but also foreign politics. Yesterday's article was a rehashed story from years ago that has been denied by everyone involved. How the editors of this story could have even published it is shocking.
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Johnson & Johnson's Income Falls 23%
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