Page 26 of 26 FirstFirst ... 17181920212223242526
Results 376 to 386 of 386

Thread: The Terror of Fake News

  1. #376
    Global Moderator Defense Professional JAD_333's Avatar
    Join Date
    15 Apr 07
    Location
    Corpus Christi, Texas
    Posts
    11,214
    Quote Originally Posted by surfgun View Post
    Some ABC @fake news, tanking the markets.
    http://www.theblaze.com/news/2017/12...e-stock-market
    The usual squabble over words. ABC calls it a "clarification". Looks to me like a retraction. In any case, it illustrates how fact-checking sometimes goes by the board in the rush to report.

    The momentary drop and quick correction in the Dow was largely due to auto-trading driven by algorithms that weigh political news into their projections. If you're a retail trader this should give you some insight as to how the market will react if ever that sort of news becomes accurate. Anyway, alert retail traders made some decent money on the dip.

    EDIT: ABC has suspended Brian Ross, the reporter who made the error. The suspension will run for 4 weeks without pay. ABC apologized for the error, saying the report was not properly vetted.
    Last edited by JAD_333; 03 Dec 17, at 00:27.
    To be Truly ignorant, Man requires an Education - Plato

  2. #377
    Senior Contributor surfgun's Avatar
    Join Date
    06 Nov 09
    Location
    MD
    Posts
    1,639
    After outcry, ABC suspends (Fake News reporter) Ross for four weeks without pay.
    http://www.bbc.com/news/world-us-canada-42214214
    Last edited by surfgun; 03 Dec 17, at 13:05.

  3. #378
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809
    No, Trump's approval rating hasn't caught up to Obama's

    http://edition.cnn.com/2017/12/29/po...ing/index.html
    Trust me?
    I'm an economist!

  4. #379
    Banned Senior Contributor
    Join Date
    06 Nov 16
    Location
    Manchester
    Posts
    1,501
    Quote Originally Posted by DOR View Post
    No, Trump's approval rating hasn't caught up to Obama's

    http://edition.cnn.com/2017/12/29/po...ing/index.html
    Prince Harry interviewed Obama on the Today Program this week, did you get to hear it?

  5. #380
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809
    No, traveling
    Trust me?
    I'm an economist!

  6. #381
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809

    Fox & Friends finally admits right-wing media's favorite economic statistic is mislea

    After years of hyping declining labor force participation rate, Fox & Friends points out that the statistic isn’t useful for measuring economic activity

    December 5, 2017 www.mediamatters.org/issues/economy

    This morning, Fox & Friends pointed out that the labor force participation rate, a favorite statistic cited by Fox News during the Obama administration to dismiss economic successes, can be a misleading indicator of the health of the job market. Fox spent years using a declining labor force participation rate to portray the job market in a negative light while hyping grossly exaggerated claims about the so-called “real unemployment rate.” And President Donald Trump also used the network’s purposeful distortion of the labor force statistic during the 2016 election campaign.

    In 2010, the Pew Research Center reported that “10,000 Baby Boomers” will reach retirement age “every day for the next 19 years,” and, as The Washington Post’s Glenn Kessler pointed out in 2014, “The composition of the labor force has been affected by the retirement of the leading edge of the Baby Boom generation.”

    On the December 5 edition of Fox & Friends, when co-host Brian Kilmeade mentioned the lagging labor force participation rate during a discussion of the health of the economy under Trump, co-host Steve Doocy was quick to point out that the statistic was misleading because “a lot of those people are retired.” The about-face is yet another example since Trump's inauguration in which Fox has abandoned its conspiratorial portrayals of the labor market, often going out of its way to put a positive spin on numbers they would have trashed during the Obama administration:


    BRIAN KILMEADE (CO-HOST): There’s two things I'm looking at, the trade deals and the workforce. So only 60 percent of the workforce is working right now. How do we get those people into the game?
    STUART VARNEY: I don't have an answer to your question. I do believe, however, that when you restore prosperity and you've got real growth, people will be enticed back into the labor force because there’s a decent job available. It makes sense to go back into the labor force, if that’s the case.
    STEVE DOOCY (CO-HOST): But also, a lot of those people are retired.
    VARNEY: Yes, a lot of the people are retired, that’s very true.
    KILMEADE: Yeah, I don't want to make them work again. I mean they’re fine.
    DOOCY: Move to Florida.
    VARNEY: I should be retired.
    Trust me?
    I'm an economist!

  7. #382
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809

    Trump calls off trip to London, blaming Obama for Bush embassy decision

    Jan. 12, 2018, USA Today

    WASHINGTON — President Trump said he canceled a planned trip to London because he doesn't want to cut the ribbon at the new U.S. embassy there that he described as a "bad deal."

    Trump's on-again, off-again visit to the United Kingdom had been in the planning stages but hadn't been officially announced. The latest cancellation is sure to increase tensions with a vital ally that has broken with Trump recently over his anti-Muslim rhetoric. Some neighborhoods in London declared themselves off-limits to the president.

    Trump confirmed his decision on Twitter late Thursday night after British newspapers reported that fears of mass protests had scuttled the trip. A poll from last year found that about 4% of Britain's population — roughly 2.5 million people — would protest a state visit by Trump. But he gave a different reason, blaming former President Obama.

    "Reason I canceled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for 'peanuts,' only to build a new one in an off location for 1.2 billion dollars," Trump said in a tweet late Thursday. "Bad deal. Wanted me to cut ribbon-NO!"

    The problem with that rationale is that Trump's tweet misrepresented the history of the U.S. Embassy move. According to the State Department, it was the administration of President George W. Bush — not Obama — that decided to build a new embassy in 2006 and chose the new location in 2008.

    And the billion-dollar price tag is typical of an embassy construction of that size. Officials also said that it was financed entirely by the sale of other U.S. property in England — not new taxpayer money.

    The diplomatic compound moved from Grosvenor Square in the well-heeled Mayfair neighborhood of central London, to Nine Elms, a formerly industrial area of southwest London that has been part of regeneration efforts by the capital city.

    Trump's ambassador to the United Kingdom, Woody Johnson, described the new embassy last month as a "signal to the world" that the “special relationship” between the two nations "is stronger and is going to grow and get better."

    But the decision to cancel the visit will be an embarrassment to British Prime Minister Theresa May. While the trip was always intended to be a working one, and separate to an official full state visit this year for which a date has not been set, as president Trump has visited more than a dozen countries ahead of Britain. These include: Belgium, China, France, Germany, Israel, Italy, Japan, the Philippines, Poland, Saudi Arabia, South Korea and Vietnam. He has even visited Vatican City and the West Bank.

    White House officials could not immediately be reached to clarify the reasoning behind the decision. May's office has also not commented. But others who have long opposed Trump's visit to Britain, including London Mayor Sadiq Khan, have.

    "Many Londoners have made it clear that Donald Trump is not welcome here while he is pursuing such a divisive agenda. It seems he’s finally got that message," Khan said.

    Trump will visit the World Economic Forum meeting in Davos, Switzerland this month

    https://www.usatoday.com/story/news/...on/1027345001/
    Trust me?
    I'm an economist!

  8. #383
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809
    Sarah Huckabee Sanders pleads ignorance as the Rob Porter mess worsens
    Washington Post

    We've reached the stage in the Rob Porter saga where the White House's previous statements now appear so blatantly false that all press secretary Sarah Huckabee Sanders can do is suggest she didn't know they were false.
    Trust me?
    I'm an economist!

  9. #384
    Senior Contributor DOR's Avatar
    Join Date
    08 Mar 11
    Location
    London
    Posts
    2,809
    How not to read the news (or, to gather “related coverage” and imply it’s the same story):

    China Sichuan Airlines pilot 'half sucked out of plane' survives
    BBC News

    Related Coverage
    Flight passenger detained after he opens emergency exit to get fresh air
    International Business Times,


    The two stories are totally unrelated.
    The pilot did not open the door mid-flight to get some fresh air, and the passenger who did open the door did so while the plane was on the ground.
    Trust me?
    I'm an economist!

  10. #385
    Senior Contributor
    Join Date
    12 Aug 08
    Location
    UK/Europe
    Posts
    4,771
    Interesting report on how the media should handle 'disinformation'/propaganda/lies: https://datasociety.net/wp-content/u...ication_DS.pdf

  11. #386
    Turbanator Senior Contributor Double Edge's Avatar
    Join Date
    11 Sep 10
    Location
    Bangalore
    Posts
    7,504
    What do you make of this vid. It's in favour of social media. It seems to imply just because a story that might not be popular gt shared many times it was read and checked. hence true


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. China: From fake electronics to fake lions and museums.
    By lemontree in forum International Economy
    Replies: 33
    Last Post: 07 Sep 13,, 23:40
  2. Fake news?
    By smilingassassin in forum International Politics
    Replies: 0
    Last Post: 17 Aug 06,, 09:58

Share this thread with friends:

Share this thread with friends:

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •