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Good point, UT. Unrelated to the point that I don't think a reasonable person could actually claim, without tongue firmly planted in cheek, that they don't misrepresent themselves and that they blatantly let us know of the bias. :rolleyes: Fox News: Yeah, We're Biased. But It's Working For Us. ;) |
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:finger: |
It was a legitimate point. What a child.
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:doit:
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Goofball. I can't help that men fall for me so. It's a curse, really.
Hey, you know how choosy mothers choose Jif? Other peanut butters tend to attract like, college students or single guys, but at least Jif doesn't represent itself as the choice of choosy mothers. Except for maybe IN THEIR ENTIRE MARKETING CAMPAIGN. :thumb: |
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Heard on Morning Edition
July 13, 2011 - [POST-BROADCAST NOTE: Reuters issued an advisory indicating that the column written by David Cay Johnson, on which this interview with Johnson was based, was wrong. We will provide further clarification as information becomes available.] STEVE INSKEEP, host: As British investigators dig for details in the News Corp. scandal, a columnist for Reuters looked at some financial figures that were already public. News Corp. is a publicly traded American company, meaning it must disclose financial information. So columnist David Cay Johnston ran the numbers on how much News Corp. made in the last four years and the taxes it paid on those earnings. Mr. DAVID CAY JOHNSTON (Columnist): Murdoch's company News Corporation made over $10 billion in profits over the last four years, and their tax came to $4.8 billion negative. That is they made $4.8 billion from tax refunds. INSKEEP: Wait, wait, wait, wait, wait. I've heard of people eliminating their tax burden down to zero. General Electric was criticized for getting its tax burden down to zero. But you're saying that News Corporation was actually paid by the United States government? Mr. JOHNSTON: Almost $5 billion, which would increase their profits, if you looked at it that way, by almost 50 percent. We'll see what, if any, part of this is wrong but right now it looks like the US has two public broadcasting systems. As we sit at a budget impasse, I'd say the Democrats could make hay with an anti tax haven argument. |
They did a correction on that story the next day. I hadn't heard the original story but I did hear the correction. David Johnston was absolutely mortified at how badly he fucked the story up. He was reading the financial report wrong and read negative numbers as positive. News Corp paid $4.8 Billion. They didn't get a refund of $4.8B.
The correction was amazing. These NPR reporters kept trying to explain how they made the mistake and were absolutely mortified at how wrong they got the story. I don't know how to search for it, but it's an amusing story to listen to if you find it. |
Total f-up! Retract all conclusions.
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From The Economist of 9 July 2011:
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These are the people who make advertising so much fun. They can be so easily manipulated. They were told to smoke cigarettes for increased health. Then got angry when the Surgeon General define it as a lie. Angry at the Surgeon General. Not at the liars who first told them what to think. Same attitude is why so many knew Saddam had WMDs when facts and numbers said otherwise. Saddam only had WMDs because so many only believe the first thing they are told. Profits by manipulating these 'most easily deceived' people can be massive - as Dannon Yogurt has recently proven. |
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It's "polite bias": we, at NPR, are the figureheads of all things properly news, and we are pretending to not have any bias at all. So we can't do the radio equivalent of a Jon Stewart, and bug our eyes out at this new information or do a faux spit-take. We can't do what we'd do in the real world, which is to say "5 billion, are you shitting me?" But we can say wait, wait, wait, wait, wait. Our listeners understand that it's code for are you shitting me. |
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Now, let's follow, in comic fashion, how the columnist attempts to deflect some of the blame onto Fox. Quote:
Journalism students are not required to take courses in Business such as Accounting and Economics. (worse than that: to Journalism students, those courses are SATAN!) So they make these kinds of mistakes all the time, because not only can't they read financial statements, they don't even know what is reasonable. And they don't know the statements are prepared by public accountants, following strict accounting principles. Quote:
Also, need I point out that "you're saying, wait a minute, you're saying" is the "wait wait wait wait wait" of this retraction. Quote:
It's good work if you can get it. Do I have to add the disclaimer that I rarely watch FNC these days, and when I do it's "Red Eye", their best program that nobody knows about. |
Bravo. Well done.
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