Where 140 characters (@michaeljung) are not enough
and a blog post (michaeljung.wordpress.com) would be a waste.
http://www.michaeljung.co.uk
“Showcase of Power Chess in Americas Political sphere”
How Journalists forgot what their supposed task is. Media and the murky world of espionage. (via AlJazeeraEnglish)
When ten alleged Russian spies were arrested in the United States it made front pages around the world. Like most international stories, how those headlines read in the various countries involved, was a story in itself. In the United States, news agencies went back to Cold War templates to tell the story. But in the scramble to file those reports, many journalists neglected to ask some of the fundamental questions relating to the source, and timing of this story. Those questions were tackled however, in the Russian media but some of the theoretical motivations given, exposed flaws in their reporting as well. Our News Divide goes beyond the spoon-fed narrative, the political conspiracies and domestic perspectives to look at the bigger picture and how intelligence agencies are still managing to manipulate the media.
Somebody (a group) wanted to portray Russia in a bad light - and Obamas efforts.
Facebook, BP and tangible food for media.
Yuri (DST) late stage investor in Facebook, clearly show in this converation with Charlie Rose during TechCrunch Disrupt, how ambitios they (FB, Zuck, Investors) are.
Trying not to stir up the privacy issue talk in the media (not only in the tech, but broad media conversation) and let time and the generational shift ride out the waves. Hoping that this will not limit the companies value. What only limits the value of the company is the potential reach of customers (FB users) for advertisers and brands in general. As well as to be perceived as cornerstone from a technological standpoint of the internet and social standpoint of peoples life using Facebook.
Oil, Coal and Gas companies market cap is not limited by their face value from an environmental point of view of society - its limited by production capacity and exploration technology.
BPs oil spill problem is comparable with Facebooks privacy issue problem the media is spinning. From an corporate perspective, it is minor. Still has to be addressed (corporate governance, ethics, long-term perspective).
And the biggest grudge tech pundits have with FB, is the fact that FB is not responding the way they hoped for, so that they can spin it and make a story about the response FB gives regarding the privacy and TOS changes.
FB is smart by providing no food for TechCrunch, GigaOm and Co.
BP can’t help itself but to respond, because the oil spill is visible and has a numerative economic impact on the region, where FB privacy settings have only intangible impact until somebody is abused, killed, raped or kidnapped or what ever, but we had these stories already with “The Internet”, Chat Rooms and MySpace. The harms way of the internet! And that was before Facebook-time.
[What a great riff]
History doesn’t repeat, it rhymes.
Reads like August/September ‘08
G7 finance minsters and ministers, ECB and the biggest Eurobanks will hold a telefon conference to discuss the situation. The bailout of Greece didn’t calm sovereign debt markets (via FT germany)
El-Erian from Pimco is right, because the EuroUSD tumbles,
the USD appreciates - skrewing Obama and his export plans.
10yr treasuries risen to 8m high 3.55%.
And banks fear (internally) haircuts (structured defaul managed via the London Club). Banks are junk since +2yrs, they can’t take any further losses, they have problems raising capital for BASEL III (look out for some low prices assets in the future - deflation), the bailing out Greek government was in reality a bailout of the European banks who hold their debt. But which banker an politician opens his pie hole nowadays for the truth anyway? Who cares? Mainstream media doesn’t care, they report what they are told!
Television: A special report (via @theeconomist)
It is more dominant than ever. But the competition within television is brutal
My 2cent: Online Video has a looooooooooong way to go. YouTube might have a lead in clicks and eyeballs. But not in the monetization game.
Some guy recuts Favreau’s Iron Man 2 trailer. Favreau likes it, and has the guy make it into an actual commercial trailer.
REMIX GENERATION! GO!
TV is not the truth. via Network (1976)
This is why net neutrality is so important. When media conglomerates grabbing for yet another channel to mediate and control their messages. Then we as civil, independent society as a whole lost indefinitely our ground. Our truth. Our individuality.
Just sayin’.
Current US Administration. Barack Obamas’ presidency; for one thing you have to cut them slack, their media strategy. They are on the forefront of modern communication.
Many Fortune 500 companies are miles away, while your President speaks to you one tweet, one video, one Facebook update at a time.
Folks, what we are doing is hard. While the web has certainly democratized the we make…
Must Read: politics & imperfect knowledge, lobby, health care debate, collaboration, online journalism & blogging.
Consider what happened in September [09], when the insurance industry released a study purporting to show that reform would cause insurance premiums to skyrocket. The Senate Finance Committee—the logjam in the legislative process—was set to vote on its bill in less than 48 hours. The study, commissioned by the insurance lobby and conducted by a private accounting firm, represented a clear effort to undermine support. It was the kind of move that lobbying groups make all the time—and, in the old days, it might have worked, since nobody would have seen through the study’s tilted assumptions until, as with McCaughey’s old article, the damage had been done. But within hours of its publication, several blogs, including this one, had published critiques showing just how flawed the study was. The critiques circulated in Washington and provoked a backlash against the insurers. Wavering Democrats said they were offended by the effort at political sabotage; the Finance Committee went on to pass the bill, as it had originally planned.
Not that fact-checking was the media’s sole job over the last year. Speaking for myself, I certainly spent far more time on the more mundane task of explanation—whether it was describing how a particular policy proposal might work or laying out the political dynamics of a particular moment. Occasionally this writing got a lot of attention, because it included a reporting tidbit that qualified as a scoop. More often, it didn’t. But over time I came to realize that the mere sharing of information has enormous value—even to people in Washington who, you might suppose, already know what they need to know.
Indeed, one of the many lessons I learned over the last year is that, even at the very highest levels of power, people frequently operate with limited knowledge and perspective. That’s true of how they think about policy and that’s true of how they think about politics. As one high-ranking official memorably told me in February, while everybody was scrambling to salvage reform after the Massachusetts Senate race, nobody really sees the whole playing field.
