Another Example of Media’s Upward Bias

This one comes to us courtesy of Reuters’ Business News RSS feed:
Bleak payrolls report mauls Wall St; volume thin
I don’t think I’ve ever read a headline that said “Stock Markets Surge On Low Volume” — they usually save the low volume part for the fifth or sixth paragraph in the story. But on a down [...]

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Don’t Believe Everything You Read

For those unconvinced of bias and propoganda in “respectable” news sources, I present the following articles from today’s print editions on the same subject matter:

Wall Street Journal : “Housing, Jobless-Claims Data Point to Bottoming” [$]
Financial Times: “Fall in Home Starts Dents Hopes of an End to US Slump”

Both articles ran in the “hard” news section [...]

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Self-Important Journalists

I recently expressed my rather low opinion of the mainstream news media but for readers who want some balance on the issue, I present this link to a New York Times (NYT) editorial titled, “The Daily Me.” The author’s point is similar to other arguments that online media and user-edited repositories like Wikipedia are harmful [...]

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State of the Union

With the drama of the political conventions behind us, hopefully, I can get back to focusing on getting stuff done. ¬†Following the election too closely leads me to echo that great Will Ferrell line from Zoolander: “I FEEL LIKE I’M TAKING CRAZY PILLS!”

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The Futility of Financial News?

Here’s another humdinger: according to Bloomberg (via BTV), Rio’s rejection of BHP Billiton’s bid has led to speculation about other mining takeovers. The news anchor then cited the rise in other “takeover speculation” mining stocks like Barrick Gold, Newmont Mining, Goldcorp, Kinross Gold as evidence of this speculation.
Let’s be clear — BHP’s bid for [...]

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The Big Picture Breaks Down PPI

The inimitable Barry Ritholtz, once again, sheds true light on the false underlying assumptions that many “experts” base their realities upon, this time regarding yesterday’s “benign” PPI number.
Many people have commented on the demise of the newspaper industry but I think one of the factors seldom mentioned is that media consumers now have better alternatives. [...]

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