Comments on: Financial Crisis and the Media: Capture, Culture and Incentives, or Lack of Training? http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/ Transparency, corruption and governance matters, evidence-based Sat, 21 Aug 2010 17:22:33 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Helen Hawk http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/comment-page-1/#comment-18156 Helen Hawk Sat, 15 May 2010 21:04:33 +0000 http://thekaufmannpost.net/?p=1117#comment-18156 It seems capitalism as we know it is dead. The U.S. monetary system has failed and there is not enough money in the world to bail it out. I haven't heard this in the mainstream media. I read Charles Morris', “The Trillion Dollar Meltdown” and Ellen Brown's “The Web of Debt” which go a long way to explain why we're in this mess right now. The only way out for the U.S. is to nationalize the banks and print our own currency. The Federal Reserve has got to go. Funny thing is, Paul Krugman mentioned this in a column last week and so did The Nation in a column titled, “The Crisis is Global,” 2/2/09. Ah...the winds of change. http://debtreliefcounselingus.com/home-improvement It seems capitalism as we know it is dead.
The U.S. monetary system has failed and there is not enough money in the world to bail it out.
I haven’t heard this in the mainstream media.
I read Charles Morris’, “The Trillion Dollar Meltdown” and Ellen Brown’s “The Web of Debt” which go a long way to explain why we’re in this mess right now. The only way out for the U.S. is to nationalize the banks and print our own currency. The Federal Reserve has got to go. Funny thing is, Paul Krugman mentioned this in a column last week and so did The Nation in a column titled, “The Crisis is Global,” 2/2/09.
Ah…the winds of change.
http://debtreliefcounselingus.com/home-improvement

]]> By: guide http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/comment-page-1/#comment-1365 guide Thu, 09 Jul 2009 16:58:54 +0000 http://thekaufmannpost.net/?p=1117#comment-1365 What a nice site, been surfing on it for the whole night and day and i neva got bored for a single minute. Keep up your good work and all of the best in everything you do! :-) What a nice site, been surfing on it for the whole night and day and i neva got bored for a single minute. Keep up your good work and all of the best in everything you do! :-)

]]> By: Tamas http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/comment-page-1/#comment-1313 Tamas Thu, 30 Apr 2009 14:08:37 +0000 http://thekaufmannpost.net/?p=1117#comment-1313 Isn't part of the problem that those few who predicted the current crisis, made those forecasts on the basis of some simple calculations and a lot of gut feeling? It seems that the more sophisticated a research system got, the bigger the surprise was. One of the best global forecasting systems, that of the IMF for instance, displayed a spectacular failure to foresee what was coming, even amidst the crisis: http://globalstructures.blogspot.com/2009/04/imf-in-dark.html Isn’t part of the problem that those few who predicted the current crisis, made those forecasts on the basis of some simple calculations and a lot of gut feeling? It seems that the more sophisticated a research system got, the bigger the surprise was.

One of the best global forecasting systems, that of the IMF for instance, displayed a spectacular failure to foresee what was coming, even amidst the crisis:

http://globalstructures.blogspot.com/2009/04/imf-in-dark.html

]]> By: Jim Wesberry http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/comment-page-1/#comment-1284 Jim Wesberry Fri, 24 Apr 2009 21:04:49 +0000 http://thekaufmannpost.net/?p=1117#comment-1284 The media have a far greater herd instinct than any type of animal. The media have a far greater herd instinct than any type of animal.

]]> By: mhelburn http://thekaufmannpost.net/financial-crisis-and-the-media-capture-culture-and-incentives-or-lack-of-training/comment-page-1/#comment-1275 mhelburn Thu, 23 Apr 2009 20:17:17 +0000 http://thekaufmannpost.net/?p=1117#comment-1275 This subject has been discussed at www.deepcapture.com. Here the connections between media and manipulators are documented. Pam Martens was discussing conflict of interest of CNBC hostess 2 years ago and her bias in not mentioning that Citibank was involved in criminal activities. http://www.counterpunch.org/martens01272007.html There is part two to this article that shows the media is used as a PR firm for some companies. There is no pretense of journalistic integrity. It isn't just the advertising dollar they get from the banks, they are promoted beyond what the advertising dollar buys. http://counterpunch.com/martens02022007.html It isn't just lack of training, it is far more damaging where the media is a critical part of market manipulation and the cover up of the criminal nature of some of the companies. This subject has been discussed at http://www.deepcapture.com. Here the connections between media and manipulators are documented.

Pam Martens was discussing conflict of interest of CNBC hostess 2 years ago and her bias in not mentioning that Citibank was involved in criminal activities.
http://www.counterpunch.org/martens01272007.html

There is part two to this article that shows the media is used as a PR firm for some companies. There is no pretense of journalistic integrity.
It isn’t just the advertising dollar they get from the banks, they are promoted beyond what the advertising dollar buys.
http://counterpunch.com/martens02022007.html

It isn’t just lack of training, it is far more damaging where the media is a critical part of market manipulation and the cover up of the criminal nature of some of the companies.

]]>