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

No memory:

Contradictions between reports are not recalled or noted.

Previous reports are forgotten shortly after release.

No comprehension:

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.

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