Tuesday, September 15, 2009
Zombie Media Awareness Day
Since this date marks the first aniversary of the fall of Lehman Brothers, when even zombies became partialy aware of our financial problems, I thought I'd repost this video from 2007.
"How to spot Zombie Financial Media
Contradictions between reports are not recalled or noted.
Previous reports are forgotten shortly after release.
Each event occurs in isolation,
No two events are related to a shared root cause, such as an asset bubble."
Of course, these rules apply to all media and I urge people to follow them when swallowing crap that passes for most news coverage today.
On a positive note,
Nearly two-thirds -- 63 percent -- of Americans surveyed by the Pew Research Center for the People & the Press believe that news stories are often inaccurate. That's a flip from when Pew first asked that question in 1985, when 34 percent of respondents believed stories were frequently inaccurate.