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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.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
