Posts filed under “Financial Press”

Why we know less than ever about the world

Alisa Miller, head of Public Radio International, talks about why — though we want to know more about the world than ever — the US media is actually showing less. Eye-opening stats and graphs.

(This is why I frequently watch BBC news)

May 2008

As the CEO of Public Radio International, Alisa Miller works to bring the most significant news stories to millions — empowering Americans with the knowledge to make choices in an… Full bio and more links

Category: Financial Press, Video

What 60 Minutes Missed on Oil Speculation

Last night’s 60 Minutes had a story on Oil Speculation. Its not that they said anything that was factually wrong per se, its more that they told 10% of the story of the rise and fall of energy prices. The entire report was surprisingly thin, and avoided discussing all of the many other factors that…Read More

Category: Commodities, Energy, Financial Press, Markets, Really, really bad calls, Trading

Layman’s Finance Crisis Glossary

Killer glossary via the BBC: click for full crisis glossary > Source: The layman’s finance crisis glossary BBC, 10:14 GMT, Thursday, 8 January 2009

Category: Bailouts, Derivatives, Financial Press, Markets

Video-O-Rama: Figuring out the lie of the financial land

Video-o-rama: Figuring out the lie of the financial land

In addition to more “Outlook for 2009″ videos (dealt with in last week’s Video-o-rama), the past week saw material covering a hodgepodge of topics. Although the topics were varied, good viewing material was produced, with the likes of Marc Faber, Peter Schiff, Martin Feldstein, Barton Biggs, Jeff Saut and Bill Gross in attendance.

A few of the more interesting clips that attracted my attention are shared below, including a few items warning about a bubble in government bonds.

But before we get to the economy and the financial markets, please spend a few minutes viewing a worthwhile three-part production by the Wall Street Journal entitled the “End of Wall Street” – What happened? Why did it happen? And what happens next?

The Wall Street Journal: End of Wall Street
Chapter one: What happened?. In the first of this three-part series, Journal reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street’s biggest financial institutions.
Click here or on the image below for Chapter one.

Chapter two: Why did it happened? What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called ‘weapons of financial mass destruction’.

Click here for Chaper two.

Chapter three: What happens next? This final chapter of the crisis on Wall Street tells the story of the $700-billion bailout, as seen through a reporter’s eyes, and looks at what’s ahead for the global economy.

Click here for Chapter three.

Source: The Wall Street Journal, January 5, 2009.

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Category: BP Cafe, Financial Press, Markets

Beware Wall Street’s Happy Talk

Over at Marketwatch, Paul Farrell sifts through a book (sitting on my shelf) and pulls out these embarrassing quotes. 15 reminders of how happy talk misled us a decade ago October 1999: James Glassman, author “Dow 36,000.” “What is dangerous is for Americans not to be in the market. We’re going to reach a point…Read More

Category: Financial Press, Humor, Markets, Psychology, Really, really bad calls

Ann Coulter’s New Book

This morning, I caught the Shrill Blond Harpy on CBS. I have no patience for her absurdities, and I won’t mention her book by name. However, I will reference this not-safe-for-work blog posts, which I find to be utterly hysterical: I f&*% ANN COULTER IN THE ASS, HARD Back in Ann Coulter’s Ass-Saddle Again Enjoy…Read More

Category: Books, Financial Press, Markets, Politics

WSJ Video: End of Wall Street

> Excellent 3 part video series from the WSJ about the end of the modern era of American Investment Banking. You can stream all three parts here: End of Wall Street There are some errors of emphasis — the usual wrong-headed over-emphasis on Fannie/Freddie, the discussion on Clinton/Bush desire for expanding home ownership, as if…Read More

Category: Bailouts, Credit, Derivatives, Financial Press

Video-o-rama: Ring out the old, ring in the new

Although this is a holiday-shortened trading week, there has certainly not been a lack of video clips hitting the airwaves. A number of these review the historically brutal year that has just drawn to a close. Others attempt to cast light on the outlook for 2009, debating whether markets will stabilize, or at least be less ugly than 2008.

Also featuring prominently is a fair bit of footage on the rapidly deteriorating situation in China. Let’s see what the Year of the Ox will bring – the Ox after all is “a sign of prosperity through fortitude and hard work”, according to Wikipedia.

A few of the more interesting clips that have attracted my attention are shared below. All the material is worth watching, but do make a special effort to watch the Jim Rogers video (even though it runs for almost 20 minutes). On a lighter note, John Paczkowski’s “2008 – the year in wisecracks” is also not to be missed.

CNBC: 2008 in review
“CNBC looks back at the top stories from the past year, with CNBC’s Bill Griffeth.”

Source: CNBC, December 30, 2008.

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Category: BP Cafe, Economy, Financial Press, Markets

The Five Worst Days of 2008

You know it’s been a bad year when you’re arguing about what the five worst days were. Between the massive market fluctuations and the biggest banks going belly up, it’s hard to know where to start. From a crowded field of contenders, here are The Big Money’s five biggest buzz-killers.

The Five Worst Days of 2008: Relive the disaster.
By Win Rosenfeld
Big Money, December 30, 2008 – 5:47pm

Category: Financial Press, Markets, Video

MSM Begins to Embrace YouTube

It used to be there were two kinds of MSM video in the world: Embeddable and Non-embeddable.

Embeddable is designed to be shared, and is easily inserted into blogs and social media. Non-embeddable is old school, seeking to drive traffic to a primary site.

Yes, you can capture and embed any video, via a few HTML tricks (like using Frames) or by using a few code tricks to pirate someone else’s stream, but 1) its a pain in the arse to do; and b) if they don’t want their videos publicized, well then, suit yourself, I’ll comply.

On the Embeddable side there is DJ (WSJ, Barrons and Marketwatch), Business Week, TDS, Charlie Rose, TED, Colbert, amongst others.

Non embeddable include NYT, CNBC, Bloomberg, MSN, PBS, Bill Moyers, etc.

However, the latest development in MSM video is the hybrid approach: Some major media sites, such as the New York Times and Bloomberg are creating their own channels on YouTube, and uploading all of their video content. Ever since the Times and Bloomberg have been using the embeddable video, I have been sifting thru their offerings and using a lot more of their stuff for TBP’s Video Channel.

Its the best of both worlds: They have their own content on their own sites, so it offers a [insert nonsense consultant babble here: fuller, rich multimedia blahblahblah] but they also get all the advantages of YouTube. Why shouldn’t they let Google pay for all of the hosting of video, get the benefit of blogs, facebook, social networks, etc. giving them a viral boost?

CNBC: Please Embed Your Videos: I am hoping that CNBC adopts the same model. There is a lot of great video content on their site amongst the volume of video, but its very difficult to find. You Tube allows viewers to separate the wheat from the chaff, take advantage of crowd voting, identify the higher rated stuff (i.e., separate the gems from the junk) and make it easier to embed.

MSN and CNBC both use old school, slow, non-flash based Windows Media. Congratualtions on your new 1998 technology!

CNBC has tentatively used YouTube to host commercials and promos for upcoming shows ( Somehow, I don’t see these commercials really catching viral fire. They are missing a tremendous opportunity to push their very best content, the gems hidden amidst the blahblahblah. Let it free!


Bloomberg vs CNBC Video: Bleccch (March 2008)

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Category: Financial Press, Markets, Web/Tech