The Media Needs To Wake Up And Get Its Credibility Back
‘The really alarming thing is that a lot of people in the media aren’t listening…the media need to wake up because it’s actually a very important time to get our credibility back…’
“They’re deciding to quadruple down on everything they got wrong, disparaging people who they don’t understand, don’t even seek to understand, and continuing to avoid dealing with the fundamentals of this race.”
Mollie Hemingway Basically Sets CNN on Fire
…A little background: Brian Stelter, who is supposedly CNN’s “media critic,” does nothing but criticize those who criticize the media, suggesting they’re dangerously undermining a key part of democracy….(read more)
…CNN should just officially change his title to Official Establishment Media Defender. I’ve never seen him say anything about the media except it’s awesome and anyone who disagrees is a liar….But he did have on Mollie Hemingway, who told him, essentially, “I refuse.”
“Maybe what you need to realize is that for a lot of people who don’t share your political opinions, that’s what it feels like. What you’re going through right now is what it felt like for the last eight years.”
The departure of Mr Ailes could have an impact on the Republican party. Supremely well connected, he has helped shape the Republican agenda for more than a decade.
Roger Ailes is heading for the exit at Fox News Channel, the influential cable network beloved by American conservatives, with Rupert Murdoch and his sons in agreement that he should leave amid allegations of sexual harassment.
“Three of Fox News’ biggest stars — Bill O’Reilly, Sean Hannity and Greta Van Susteren — have clauses in their contracts that would allow them to depart if Mr Ailes were to leave the network…”
The timing and terms of the departure of the man who turned Fox News into a media and political powerhouse were unclear on Tuesday evening. Mr Murdoch, executive chairman of 21st Century Fox, the channel’s parent company, and Lachlan, his older son and co-chairman, would prefer to wait until after this week’s Republican convention, two people briefed on the matter told the Financial Times.
James Murdoch, Mr Murdoch’s younger son and chief executive, was pushing for Mr Ailes to go as soon as possible, those people said.
Late on Tuesday, the Drudge Report said that Mr Ailes had left Fox News with a $40m severance package. 21st Century Fox denied the report in a tweeted statement, saying: “Roger is at work. The review is ongoing. The only agreement that is in place is his existing employment agreement.”
“In another blow to Mr Ailes, New York magazine reported on Tuesday that Megyn Kelly, arguably Fox News’ biggest star, told lawyers leading the internal investigation that Mr Ailes had sexually harassed her a decade ago. 21st Century Fox declined to comment on the report and Fox News referred queries to its parent company.”
In 2012, the last year for which Mr Ailes’ pay was disclosed in the company’s proxy filing, he earned a total of $21m, including a $5m salary. Read the rest of this entry »
The same high-end appliance Starbucks uses to fine-tune brews
Silicon Valley types know how to optimize their lives.
Molly Mulshine reports: They monitor workouts with high-tech armbands and step-counters and control their homes’ temperatures from the comfort of their iPhones. The hard-core have even removed the guesswork from their diets, ingesting nutrients in the form of a few fine-tuned daily protein shakes and vitamins from IV drips. Don’t you just hate them?
So it is not surprising that the tech world’s top brass put their heads together to create the perfect coffee machine, the Blossom Brewer. Made specifically for cafes and restaurants, of course, the tech elite have snaffled them up for their homes.
— Financial Times (@FT) February 14, 2015
Jihadist Sympathizing Financial Times Boldly Calls Out Freshly-Murdered Writers and Cartoonists at French Satirical Weekly Charlie Hebdo for ‘Mocking, Baiting’, Being ‘Stupid’Posted: January 7, 2015
— Financial Times (@FT) August 27, 2014
— Financial Times (@FT) July 12, 2014
Would you like some microchips with that burger? McDonald’s Europe strikes another blow against human interaction by installing 7,000 touch-screen computers to take your order and money.
“Welcome to McDonald’s . My name is HAL 9000. May I take your order?”
Amanda Kooser writes: McDonalds recently went on a hiring binge in the U.S., adding 62,000 employees to its roster. The hiring picture doesn’t look quite so rosy for Europe, where the fast food chain is drafting 7,000 touch-screen kiosks to handle cashiering duties.
The move is designed to boost efficiency and make ordering more convenient for customers. In an interview with the Financial Times, McDonald’s Europe President Steve Easterbrook notes that the new system will also open up a goldmine of data. McDonald’s could potentially track every Big Mac, McNugget, and large shake you order. A calorie account tally at the end of the year could be a real shocker. Read the rest of this entry »
“It is not a surprise that China’s economy is big but this is just because its population is big…”
In two essays, the FT’s chief economics commentator and Asia editor examine the significance of China’s imminent emergence as the world’s biggest economy
For FT.com, Martin Wolf and David Pilling write: This week we learned that China is about to overtake the US as the world’s largest economy. Since the latter is believed to have had the world’s largest economy since the early 1870s, this is a noteworthy moment. But it is not as noteworthy as many fear and others hope.
Start with what these calculations, derived from the World Bank’s longstanding international comparisons project, mean. This is an attempt to compare standards of living across countries. In 2011, China’s gross domestic product per head at market exchange rates was just 11 per cent of US levels. But once the low prices of many of China’s relatively non-tradeable goods and services are taken into account, this rose to a fifth of US purchasing power per head.
Nevertheless, China is still a poor country: the purchasing power of its GDP per head was 99th in the world. Since China also invests close to half its output, relative consumption per head was lower still.
China is, however, an enormous country, with a population of 1.34bn in 2011. Compared with this, even the US, with 312m, is almost a minnow. So in spite of being so much poorer, the purchasing power of aggregate Chinese GDP was 87 per cent of US levels in 2011. The purchasing power of China’s GDP has by now surely surpassed US levels.
It is possible to debate whether the newly revised numbers are right. The answer is that they are reasonable. A more important question is what they mean. What they do not mean is that China is already the world’s greatest economic power. Read the rest of this entry »
On a wintry day in February 1952, two victims, their hands tied behind their backs, were marched off to the execution grounds of Baoding, the provincial capital of Hebei, just south of Beijing. They were shot in the heart rather than in the head,”writes Frank Dikotter, the author of Tragedy of Liberation: A History of the Chinese Revolution:
Both victims were central actors in the local party hierarchy. It was the defining moment of a campaign against corruption Mao Zedong had unleashed against the party itself. There were mere “flies” who needed to be swatted, the chairman explained, and there were “tigers”. Everywhere tiger-hunting teams tried to outdo each other, encouraged from above by Mao. Read the rest of this entry »