https://pjmedia.com/rogerkimball/2009/01/30/what-happened-to-the-good-news/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 09:44:40 -0400<![CDATA[On January 27, Bloomberg news carried a story that, in a rational world, would have been plastered over the front pages of our major newspapers to the jubilation of financial pundits everywhere. The story was about General Electric&#8217;s cautious reentry into the commercial paper market, the unsecured IOUs that banks and large corporation issue in order to fund their daily operations. It only works if those entities can find sources willing to give them some dough in exchange for the promise to pay. &#8220;Seventeen months after seizing up at the onset of the credit crisis,&#8221; the story tells us, &#8220;the $1.69 trillion commercial paper market may be the first to cut its reliance on federal bailout programs.]]>Fri, 30 Jan 2009 08:49:55 -0500<![CDATA[Roger Kimball]]>https://pjmedia.com/roger-kimball/2009/01/30/what-happened-to-the-good-news-n115522