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Jul 07, 2005

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Hi, Fred,

As a reporter myself, I also sometimes ask myself "what is news?" (stress that three ways). I'm not always sure I know; I know the things I'd want to know more about and try not to take that "fortunate" status for granted, but I'm not sure I always succeed. For example, I find it hard to believe "average" people really care much about which Hollywood folks are dating each other or what they wear, but believe they DO care about the details of what their govt is doing. I don't think they want to hear a ton about the latest murder (unless it's in their neighborhood), but do want to know why their street's closed or what that new building will be.

Today's media focuses way too much on the eye-catching and not enough on the subtle, too much on conflict and not enough on cooperation, too much on "who's getting ahead" individually and how (legally or otherwise) and not enough on collective needs & long-term planning, too much on personality and fluff and not enough on substance....

Or is all of that just what *I* think?

I basically agree w/ Yunus's comment about the Web serving as a resource to help poor people avoid being cheated... but he fails to note that having Web access is itself an elite commodity, b/c it requires money for electricity & a computer or at least society wealthy enough to supply a decent library with those things, the time to do such research and a food source that frees up that time, and enough education to ask good questions of the info thus received to weed out lies from truth and fact from opinion.

I have no problem with banks or other firms turning a profit.... I have a problem with them having that as their sole raison d'etre. It should always be a side effect of treating other people well (as Yunus hints), and should be capped at a reasonable level (either by the owner or by society). That's what corporate and personal taxes on capital gains and income are for, but they've been shanghaied by the relative handful of people who believe money and power is the only thing that matters.

I'll second the comment on how necessary critical thinking skills are now that such a broad scope of information is available to everyone. As for the issue of credit, I think it odd that the same folks who would be denied a loan at 6% are deluged with offers for credit cards that charge rates upwards of 20%. We have a problem, apparently, with granting people constructive credit, but no qualms whatsoever about permitting them consumptive credit.

Speaking as a cynic, the other thing newspapers are for (besides advertising), is to provide egotistic owners with a bully pulpit. Okay, less cynically, you could point to papers like the Irish Times and the (British) Guardian, which are both owned by trusts. Neither of them publish some ideal form of 'the news' because no-one can agree on what that really is, but I think most Slacktivist readers would find their biases less grating. (And the Guardian has open online access)

I agree wholeheartedly with Jay's first two paragraphs. I wish I could find a newspaper that agreed, as well. I'm a lot more interested in the outcomes of Supreme Court trials than the verdict in the Michael Jackson trial, for instance--but which got more column inches, even in the Washington Post?

>>A newspaper exists to sell advertising space. That's, of course, a terribly cynical answer. It's also probably a dismayingly accurate one.<<

It gets worse. It's getting harder and harder to sell out, even.

Say you have a Big City, A. A is surrounded by suburbs B, C, D, E, F, G and H. If you have enough big advertisers to carry the paper, well and good. The trouble comes with the Mom-and-Pops. A small store in B gets very angry at the thought they're paying to reach C through G when there's small chance anyone's gonna go across town to visit their restaurant/hardware store/tattoo parlor/whatever. So they don't advertise.

Loss of this revenue drives the ad managers of Big City A Daily crazy and they start regional editions for each suburb - even whole papers in some cases. This appeals to B advertisers who like the thought of reaching B and B only. It does not appeal to B readers, though, because the B edition/paper is usually a pretty poor effort. B readers usually go for the A paper, which is usually the only one that can afford real writers.

I don't have a solution for this, but I've been working in newspapers so long I felt the need to vent.

Figuring out what America's founders had in mind when the adopted the free press clause of the first amendment is harder than it seems. Most of the major founders, at one time or another, did their level best to shut down newspapers with whom they disagreed. They threw some in jail, but mostly used economic and political power to destroy them.

Newspaper publishers were the first organizers of what we now call political parties. They were explicitly and intensely partisan. The pose of 'objectivity'and the detached sanctimony came later.

"As for the issue of credit, I think it odd that the same folks who would be denied a loan at 6% are deluged with offers for credit cards that charge rates upwards of 20%. "

That's not odd at all. If you're serving customers that have a 15% chance of not paying back the loan, you'll lose scads of money if you lend it out at 6%, but you'll do okay if you lend it out at 20%. (Of course the rate itself affects the probability that they'll stiff you, but they have people to figure those details out...)

"We consider it normal that banks -- like other companies -- must turn a profit and that they exclude some 70, 80 percent of the world population."

Well, banks that don't turn a profit tend to run out of money and thereafter can't operate at all, while banks that do turn a profit tend to last quite a while loaning people money for decades on end. Surely a profitmaking bank will do more good than a nonexistent bank.

Mm, Ken, you do know that Grameen does a great deal of good for people who were, at best, unaffected by banks that only serve the top 30%?

And they no more need to turn a profit than my local, lasting, efficient public utility needs to. They need to pay their bills; all that required is breaking even.

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