Category Archives: gurvey

The Preachers of Hate

PittsburgMemorialThe last of eleven funerals was held today. Eleven people, shot dead in simply because they were Jewish.

A federal grand jury has charged 46 year-old Robert Bowers with 44 crimes including hate crimes resulting in death. Bowers has pleaded not guilty. So we’ll do the journalism thing and note that he is the “alleged” assailant and that he is considered innocent until proven guilty. We will also note that the indictment alleges that on the morning of the Sabbath, October 27, 2018, Bowers drove to the Tree of Life Synagogue in Pittsburgh, entered the building with multiple firearms, and opened fire. He also engaged public safety officers, wounding several before he was wounded and captured. While inside the Synagogue, Bowers made several statements indicating his desire to “kill Jews.”

It was the deadliest attack on Jews in U.S. history. But of course Jews have faced many millennia of persecution and oppression and even in America Jews are no strangers to anti-Semitic incidents, which an Anti-Defamation League audit found rose 57% in 2017.

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No. Just No.

I’ve had it. I’ve had it with whataboutism. I’m done with false equivalency. No more political correctness. You can take your gaslighting someplace else. I’m tired of demonizing, of disinformation, of scapegoating, of rationalization and of lying and deception of all kinds.

Thirteen pipe bombs were sent to prominent Democrats, including former presidents Obama and Clinton, and other Trump critics. That’s a fact. The FBI has arrested Cesar Sayoc, 56, and charged him with a long list of crimes in connection with the bombs. That’s a fact. They also impounded a white van, which they say was Sayoc’s, its windows covered with political images and stickers of President Trump and his critics, including pictures of some of the bomb recipients with gun sights superimposed on their images. That’s another fact.

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Constitution Day

We celebrate September 17 as Constitution Day, marking the day in 1787 when delegates to the Constitutional Convention signed the Constitution of the United States in Philadelphia.

I remember when I first studied this great document. You couldn’t graduate from the eighth grade in the Chicago Public Schools without passing an exam on the Constitutions of the United States and the State of Illinois. In class of O’Keeffe Elementary I was fascinated by the text and the little we learned of the history. And I have remained impressed today, after much more detailed study in college and graduate school, and as I teach First Amendment law to young journalists.

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Financial Market Reporting, Part 9: Exchange Traded Funds

In my recent post on mutual funds, I noted that John Bogle disrupted that industry with Vanguard, a mutual fund company that specialized in low cost index funds designed to mimic rather than outperform major market indexes. The other mutual fund companies responded with their own index funds, and there is intense competition between them

Mutual fund shares vs. ETFs

Exchange Traded Funds, ETFs, are another refinement of the fund category. They will certainly figure into your reporting on the fund asset class because they are by some measures the most popular of all exchange traded securities.

For my primer on ETFs, see businessjournalism.org.

Trump and the Employment Report, fact and fiction, Pt. 2

Numbers are funny things. Even though they appear to be absolute, a clever manipulator can twist them to make pretty much any point he wants to make. Take President Trump’s statement from February: “Ninety-four million Americans are out of the labor force.” It might seem preposterous but it is correct, as the great sage Obi-Wan-Kenobi once said, “from a certain point of view.”

It is the number you get if you take the total U.S. population 16-years of age and older and subtract the people the BLS says are in the labor force. That number includes everyone who is retired, and most high-school, college, graduate or vocational school student. It also includes the disabled, homemakers, some self-employed and those living off their investments.

My guide to reporting the employment report continues at businessjournalism.org….

Trump and the Employment Report, fact and fiction, Pt. 1

The Bureau of Labor Statistics released its Employment Situation Report for February on March 10, showing a healthy 235,000 gain in payroll employment. Asked what President Trump thought about the numbers, White House press secretary Sean Spicer said, “I talked to the president prior to this, and he said to quote him very clearly,” Spicer said. “They may have been phony in the past, but it’s very real now.”

Many of the reporters present laughed. I cringed.

Over the years on public television’s Nightly Business Report, I filed countless “numbers” pieces. The monthly employment reports were most closely watched. For better or worse these reports often had an immediate financial market moving impact, making them lead stories for a market driven broadcast.

I cringed because I believe attempts to undermine the credibility of these reports do a great disservice.

Continues at businessjournalism.org….

Lunch with Paul Kangas, Nightly Business Report

Paul Kangas

I remember one specific lunch with Paul Kangas. Silly, isn’t it? I spent a fair amount of time with Paul during the many years I was associated with public television’s Nightly Business Report. That included several meals with a man who, among many other things, appreciated good food and drink. Why would one particular lunch stand out?

It was 1990. A year before I had moved from Chicago, my hometown, where I worked for CBS, NBC, and as a freelance contributor for NBR, to New York. Here I was NBR’s New York Bureau Chief and Senior Correspondent. Paul had been with NBR since it first went on the air in 1979. A former stockbroker, Paul was at first the broadcast’s stock commentator. Later he added co-anchor to his role.

But Paul was so much more than his title implies. On a broadcast that itself defined a new role for business news on television, Paul set the standard for both the program and the industry.

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