Tag Archives: Columbia Journalism Review

Of Groupthink, Financial Bubbles, and Lance Armstrong

Lance Armstrong got away with ringleading what now looks like a vast doping conspiracy, in part because the sports media refused to investigate what was right under their noses. Why? Because they were too invested in the heroic image that congealed around the Tour de France winner. In much the same way, groupthink in the financial media has repeatedly led our most prominent journalists to valorize hucksters and ignore scandals until they blow up into full-scale catastrophes.

Today’s New York Times includes a fine column by David Carr, taking the mainstream sports media to task as not-to-silent partners in the selling of the Lance Armstrong Legend. Carr gives the sports desk a good spanking. But the problem he describes is actually much bigger, extending deep into the business and economic coverage that is arguably the most critically important information we get from the media nowadays

Let’s review a bit of history. Continue reading Of Groupthink, Financial Bubbles, and Lance Armstrong

Live from the Village: Social Security and the Washington Press Corps

Frustrated defenders of Social Security have been wondering for years why the Washington Press Corps – the elite of American journalism – are so nakedly eager to see our national retirement system gutted. FAIR explained it to us back in 1996. Time for a revisit.

In the classic ’60s TV series The Prisoner, a disgruntled espionage agent resigns. He is then kidnapped and taken to the Village, a deceptively innocuous  seaside community where everybody is happy and content to believe exactly what they’re told, as if it was the most natural thing in the world. Washington – by which I refer to Pennsylvania Avenue, K Street, the think-tank community, Georgetown, and their various satellites – is a little like The Village in that Continue reading Live from the Village: Social Security and the Washington Press Corps