Posts filed under “Financial Press”

Tuesday Reading

Quite a few interesting reads today:

New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers (Bloomberg)

Bill in works to let U.S. dissolve failing firms (WAPO)

Grantham: Just Desserts and Markets Being Silly Again (GMO)

Rumors of Credit Crisis’s Death Are Overdone (Hussman)

IRS to rich tax cheats: Be afraid. Be very afraid (CNN/Money)

Goldman Sees U.S. Housing ‘False Bottom,’ Merrill Sees ‘Treat’ (Bloomberg)

• Simon Johnson: The home-buyer tax credit: Throwing good money after bad (WAPO)

10 things Google has taught us (Fortune)

The (free) Prints & Photographs Online Catalog (PPOC)

Mac vs. Windows 7: Four new videos (Brainstorm Tech)

What are you reading?

Category: Financial Press, Markets

US Newspaper Circulation Falls 11%

The latest info is out on the state of Newspapers in the USA (via WSJ), and it aint pretty: “Circulation at many of the largest U.S. newspapers slid sharply during the six months ended in September, a sign of deepening trouble for the industry and of publishers’ efforts to shed unprofitable readers. Weekday circulation for…Read More

Category: Financial Press

10 Monday Reads

Its Monday, and that means y’all has gots some readin to do: • Economists Push Employer Tax Break For New Hiring (NPR) • Andy Xie: Insight: Is China due a reality check? (FT) • Improving Business Conditions, with Pickup in Hiring and Capital Spending Planned over Next Six Months (NABE) • Shipping News May Signal…Read More

Category: Financial Press

What’s in a Name ?

Paul Krugman’s OpEd column today referred to the tea party extremists participants as “Teabaggers.” I love that they are now colloquially called Teabaggers by just about everyone, but how on earth did that ever get by the New York Times editors? The etymology of that word is not exactly NYT fare — see either wikipedia…Read More

Category: Financial Press

Dumb Headline of the Day: Why the Market Reversed

This is one of the less helpful things you will read today: U.S. Stocks Retreat on Concern Housing Tax Credit to Phase Out Bloomberg, Oct 26 2009 That’s the worst Bloomie headline I’ve seen in a long while. Let’s review some things that, according to this headline writer, are note very relevant.  Examples of what…Read More

Category: Financial Press

Friday Reads

A few interesting items • Elizabeth Warren for President (True Slant) • Fed weighs its words on ending near-zero interest rate (FT) • The New $1 Million Bill (Bloomberg) • Uh-oh: Taking It To The Street(.com) (Zerohedge) • Systemic Risk in the Financial System: Insights from Network Science (PEW) • Mona Lisa’s smile a mystery no more…Read More

Category: Financial Press

Afternoon Reading

These look interesting: • Kass: The Earnings Season Racket (The • Investors still struggling to put fear behind them (Reuters) • The growing case for a jobless recovery (Federal Reserve Of Atlanta Blog) • Home-building rises, but worries persist (WaPo) • Dollar hegemony for another century (Telegraph) • Principles written in the blood and…Read More

Category: Financial Press

Blurb: “If you can find a better book . . .”

Yesterday, I am at NPR, waiting to tape a segment on foreclosures. There is a pile of books and magazines a coffee table. I spy the title Satisfaction by Chris Denove and J.D. Power IV. As someone who has been blurbed and who gives blurbs, the above the title blurb by Lee Iacocca catches my…Read More

Category: Books, Financial Press, Psychology

Afternoon Readings

A short list: • The Energizer Rally: Contrarian analysis continues to reach bullish conclusions (Marketwatch) • Which Came First: Government Ownership or Catastrophic Losses? (Big Money) • Mortgage modification schemes see ‘disappointing’ results (FT) • Homes: About to get much cheaper (CNN/Money) • Bruce Bartlett: Supply-Side Economics, R.I.P. • Battle of the Quants • How…Read More

Category: Financial Press

Covering the Great Recession



Fascinating look via a study by Pew Research Center’s Project for Excellence in Journalism, on how well the Media did in covering the financial collapse.

Among the key findings:

• Three storylines have dominated: efforts to help revive the banking sector, the battle over the stimulus package and the struggles of the U.S. auto industry. Together they accounted for nearly 40% of the economic coverage from February 1 through August 31. Other topics related to the crisis have been covered much less. As an example, all the reporting of retail sales, food prices, the impact of the crisis on Social Security and Medicare, its effect on education and the implications for health care combined accounted for just over 2% of all the economic coverage.

• Actions by government officials and business leaders drove much of the coverage. The White House and federal agencies alone initiated nearly a third (32%) of economic stories studied through July 3. Business triggered another 21%. About a quarter of the stories (23%) was initiated by the press itself and did not rely on an external news trigger. Ordinary citizens and union workers combined to act as the catalyst for only 2% of the stories about the economy.

• Fully 76% of the datelines on economic stories studied during the first five months of the Obama presidency were New York (44%) or metro Washington D.C. (32%). Only about one-fifth (21%) of the stories originated in any other city in the U.S., and about a quarter of those emanated from two other major media centers: Atlanta and Los Angeles.

• When it came to which phrases and ideas reverberated most in a broad array of media, an analysis of some 1.6 million news websites, blogs and other online sources finds that the president dominated. Nine of the top 20 most-quoted phrases came from him. But among Republicans, it was 38-year-old Louisiana Governor Bobby Jindal’s voice that carried the furthest—not any of the national party leaders. Overall, Republicans accounted for just four of the top 20 “memes” tracked in the analysis.

• Once the economic situation showed some signs of improvement—and the political fights over legislative action subsided—media coverage began to diminish. After accounting for 46% of the overall news coverage in February and March, for instance, coverage of the economic crisis dropped by more than half (to 21% of the newshole studied) from April through June. And in July and August, it fell even further (to 16%). The clearest example came in cable news. Once the political battles subsided, coverage fell by about two-thirds from March to April.

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Category: Bailouts, Financial Press