Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
flownover ·
Sep 29, 2011 at 4:09am
1. The press is in bed with the liberal cognoscenti, therefore the present administration.
2. They have alot of emotional and political investment in the success of the Eurozone, because it's so chic and international, unlike plodding, chauvinist America. It is also socialism with a comehither smile.
3. The press ignores stories that don't advance the narrative.
So what will the limits of their shame , or liability, be in the face of massive losses due to the collapse ? Viator linked to the author, aptly named Attila, in earlier post.
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Jul '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
The paleomedia's credibility is at an all time low. By the end of the coming election cycle, Soros may be the last sponsor and the last viewer in his own private paleomedia kingdom.
Sep '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Journalist are not the hardest working nor the brightest people in the world. They tend to shy from complicated, difficult to understand stories. If you recall they enthusiastically covered the demonstrations/riots in Greece, good pictures easy narrative requiring little effort. While the press is generally liberal, they are also lazy. The later probably explains the coverage of this issue more than the former.
Mar '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
The word "Inadvertently" is well chosen, throw that into a blender with liberal jim's missive and you have it.
Apr '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Unhappy Greeks, the Euro-drama continues
"Public sector workers organised the takeover of nine ministry buildings on Thursday morning, in protest...
The protesters have blocked the entrance to the finance, interior, agriculture, health, justice, environment and decentralisation and e-governance ministries, with workers in other ministries meeting to discuss joining the occupations. The protests coincide with the the return of the European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) troika inspectors.... Already, two low-ranking troika officials have been prevented from entering the finance ministry."
http://www.athensnews.gr/portal/8/48210
German Finance Minister Wolfgang Schaeuble....
“Greece’s 6th tranche will be decided during Eurogroup’s Oct 13 extra meeting. It will be paid only if conditions are met.”
Should the Eurogroup decision makers give green light for the 8 billion euro, the money transfer can be done electronically within 24-48 hours.... That would be high time because it has been allegedly reported that the country runs out of money on mid October and Athens will be unable to pay civil servants salaries and pensions to all pensioners.
http://www.keeptalkinggreece.com/2011/09/29/german-finmin-greeces-6th-tranche-decision-on-oct-13th/
Sep '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
I'm with Liberal Jim on this one, but with a twist.
First off, much like Barack Obama, they don't understand it. It goes against everything they know. When they see Eurosocialism failing and they can't find George Bush or foreign wars to blame, it is too difficult for them to understand. The European fiscal crisis isn't really fiscal at all, it's cultural. The press isn't smart enough to have figured this out.
Second, if any of them have figured it out, none of them want to be the one who says that secular nanny states are screwed. They all want to be hip more than they want to be accurate.
Jun '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Obviously, the legacy print press doesn't know much about economics. Otherwise their companies wouldn't be in the condition they're in.
Feb '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Don't have any idea what you're talking about. I guess as much as anything it depends on what press you're reading.
Aug '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
There.
Complaining about being kept in the dark ( if all I read was the NYT/WAPO, and watched ABC/NBC/CBS/CNN) of key events going on which crash my bank. And the relinquishment of any responsibility of the media in the potential losses globally. Because their narrative calls for EU success, Intl World Court, and UN vindication, and American desire to merge with them.
Jul '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Only the know-nothing elements of society still depend on the one-stop MSM news model. Everybody else has discovered a range of internet sources to tell us what is happening and what it means. I can remember when Walter Cronkite told us "that's the way it was." It was pretty much what Chet and David and the guy sucking hind tit at ABC said it was as well. Looking back, we lived in a kind of medieval ignorance, peasants instructed how to think by ecclesiastical-like authorities.
Feb '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
flownover
There.
Complaining about being kept in the dark ( if all I read was the NYT/WAPO, and watched ABC/NBC/CBS/CNN) of key events going on which crash my bank. And the relinquishment of any responsibility of the media in the potential losses globally. Because their narrative calls for EU success, Intl World Court, and UN vindication, and American desire to merge with them. · Sep 29 at 8:05am
Think it also has to do with the center of action is really in Germany, and the US press is very US-centric. So looking at German press for the politics and and financial press for the economics, that's where I get my info about it. Today there is pretty good news, but it is far from clear that it isn't a bandaid that delays problems or can really be a fix. The two possible fixes are grow or to have it all crash. Obama has encouraged not growing while Bernanke has been inflating in hopes of growing. Merkel is much saner than Obama or Bernanke but far from clear she can make structural changes to encourage more growth.
Jun '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
The American media's coverage of Europe and the rest of the world in general has always been deplorable. It only takes a day or so of being in a European capital to see how more thoroughly in-country media covers Europe as a whole. I won't lay the blame entirely on the media and the desire to entertain rather than adequately inform because there is still a strong provincialist and isolationist streak in America sometimes by region. I have often felt that people in the Pacific Northwest tend to consider news outside their region only if it in some way affects them. The San Francisco Bay Area is also a bubble unto itself as virtually any news story will attest. And one could argue that Perry's current struggles are due to the fact that he is so immersed in a Texas "worldview" that he can't make the leap to more general and informed worldview like say a Gingrich, Romney or Santorum.
As to a general conspiracy of the media to downplay the crisis in Europe. Perhaps. But then it could be a conspiracy of dunces. Better to scour the Internet to find out what's happening.
Sep '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
One-stop? No, I think the know-nothings have two stops; TMZ and RadarOnline. :-)
I have a very low opinion of most mainstream journalists, and talking heads only know what's on the teleprompter. They simply aren't smart enough to know exactly whats going on in Europe or why. I really don't think they are even smart enough to realize we're watching the death of socialism.
Apr '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
"between household, corporate and government debt, the developed world has $20 trillion in debt over and above the sustainable threshold by the definition of "stable" debt to GDP of 180%. .. all attempts to eliminate the excess debt have failed, and for now even the Fed's relentless pursuit of inflating our way out this insurmountable debt load have been for nothing... the only way to resolve the massive debt load is through a global coordinated debt restructuring (which would, among other things, push all global banks into bankruptcy) which will have to be funded by the world's financial asset holders: the middle-and upper-class, which, if BCS is right, have a ~30% one-time tax on all their assets to look forward to as the great mean reversion finally arrives and the world is set back on a viable path. But not before the biggest episode of "transitory" pain, misery and suffering in the history of mankind. Good luck, politicians and holders of financial assets, you will need it because after Denial comes Anger, and only long after does Acceptance finally arrive."
The Boston Consulting Group
http://www.docstoc.com/docs/97122913/BCG_Back_to_Mesopotamia_Sep_11%5B2%5D
May '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Actually, some of the European media have done an excellent job of covering what is going on. The Telegraph has outstanding coverage of unfolding events and analysis. FT & Der Spiegel have been pretty good as well. I have found US media coverage of other parts of the world to be less than useful on a variety of subjects - the financial melt down caused by sovereign debt is but one of many examples of incompetence.
Apr '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Why would the statist loving, Keynesian loving, social democrat loving, Obama loving, Democrat Party loving, redistribution loving, multicultural loving, crony corporatist loving, narcissistic left loving, elitist loving, critical theory loving, watermelon loving, green loving lamestream media report on a complicated story that subverts their very world view and propaganda?
Aug '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Add a picture of Alfred E Neuman and voila ! my post with much more clarity. So, who do we sue ?
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
This is right, Brian, and I wouldn't discount the structural changes in the news industry that have nothing to do with provincialism or lack thereof. Craig's List destroyed most newspapers' revenue models. The rise of cable and satellite broke TV news monopolies ... a lot of unforeseen consequences to that. Most people are "provincial," even those who think themselves worldly. It's incredibly hard to remember and feel how big the world really is.
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Unfortunately, I'm not sure these Internet sources are doing a much better job than the MSM. And I suspect the vast majority of Americans get their news from the MSM.
Aug '10
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
Claire Berlinski, Ed.
Unfortunately, I'm not sure these Internet sources are doing a much better job than the MSM. And I suspect the vast majority of Americans get their news from the MSM. · Sep 29 at 4:12pm
Guess it's time to ask how well the Internet is really doing, is there compensation that buys the good stuff ? Lord knows the passion wears thin and does little to buy broadband. Is it mostly Us vs. The State ?
Edited on Sep 29, 2011 at 4:36pmJan '11
Re: Has the Press Inadvertently Conspired to Hide the News of the Eurozone Collapse ?
What about domestic reporting? Has anyone heard or read about the United States being in the middle of a depression? We must not be in a depression because it feels just like recovery Summer which received lots of coverage.