Eugene David
...The One-Minute Pundit

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THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.

THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.

THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.

THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.

PERMALINKS:

THE NEWS HACKS' DICTIONARY

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Tuesday, October 07, 2008

Posted 5:55 PM by Gene

That the Today show has turned Cramer into some percolating sage of financial wisdom during the country's increasingly frightening economic meltdown is grounds for journalistic malpractice charges, anyway. Cramer's unbridled enthusiasm and shoot-from-the-hip style is tailor-made for hyping empty trends and mistaking momentary blips for larger movements. It's as if one of those hyperventilating adrenaline junkies on the stock exchange floor were given his own cable show and space on America's most-watched morning program.

Cramer's squirming today just exemplifies a problem many TV business analysts face every time a big economic bubble bursts. Hobbled by past cheerleading and missed calls, it's tough to take their reporting seriously as conditions deteriorate; if they couldn't catch these problems before they became big news -- and built big audiences riding the same wave that made millions for their CEO pals -- why should anyone trust their analysis now?

AS WE SAID....

(Via Reuters.com)

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