May 7, 2010
Well, in case you were convinced by news today that yesterday’s stock market nosedive was just a computer error, trader typo, or some other non-panicky event, here’s NBC’s Brian Williams (on Letterman last night) to talk you back into investing in gold and shotgun shells:
I look at the photos from Greece yesterday, and listen to Williams, and I remember back to this moment from the spring of 2000, when I was watching an episode of Nightline. It was about the government in Afghanistan–somebody called the “Taliban”–and how their extremist practices included destroying huge ancient Buddhist statues. I had this sense of human loss, as I watched the video of the statues’ demolition, but it wasn’t until about sixteen months later that I thought about that episode of Nightline again. I hope we don’t end up having similar flashbacks to Greece aflame, but there doesn’t seem to be much reason for optimism that this is a short-term problem in Europe.
Enjoy the weekend, folks.
July 31, 2009
A fascinatingly transparent example today of how the media arm of the extreme right wants to win back power: through lies, lies, lies. Sometimes subtle ones. Here’s what you would see first if you clicked on the Drudge Report today:
If you were a person who went to Drudge first for news, you might conclude that the “revision” to the “economy” cited in the headline referred to the economy now. And if you’re the sort of person who doesn’t really read economic stories, you might not discover that the story in question is about the first year of the recession, under the Bush Administration, not this year. And you certainly might not click on the tiny story down below, which I’ve circled in red:
And if you didn’t click on that story, you wouldn’t know that the economy shrank half as much as expected in the second quarter of this year.
In other words, the news is that the recession was worse than we thought under Bush, and is getting better, faster than we thought under Obama. And the way Drudge chooses to represent this news is with Depression-era photos of poor people in ration lines.