Wordyard

Hand-forged posts since 2002

Archives

About

Greatest hits

McCain blames “greed” for Wall St. woes. Huh?

September 16, 2008 by Scott Rosenberg

It is a strange thing to hear a Republican candidate attribute problems in our economic system to “greed, excess and corruption.” But I suppose we should get used to strange things between now and November.

The problem with John McCain’s new feisty populist talking point is that it’s aimed entirely in the wrong direction. It suggests that Wall Street’s implosion is the result of some moral fault in the individuals who run our financial institutions. They are, doubtless, no angels; but what we’re watching this week is the result of a systemic failure — a failure of government, and not just individuals.

The thing is, the financial marketplace that is at the heart of this week’s meltdown runs on greed. Greed is the whole point. It’s supposed to be that way: you got money, you seek a higher return on investment. Isn’t that, like, capitalism? Take the greed out of Wall Street and what do you have left?

As for corruption: Were there bribes on Wall Street? If so, let’s put somebody in jail. But McCain’s charge is the first suggestion I’m aware of that the collapse of so many financial institutions is the result of outright wrongdoing rather than incompetence and colossally imprudent risktaking.

I’m a liberal Democrat; I know from complaints about corporate greed. But really, McCain’s charges are head-scratchers. Because most of us expect Wall Street bankers to be greedy. Comes with the territory. And when we put money in one of their investment accounts, we usually expect them to get us the best return, too.

The problem is, we expect that investment to take place in an environment where there’s a reasonable guarantee of good information and fair dealing. We expect the brokers and bankers to have a good grasp on the nature of their financial instruments, and to give us good advice on the risks we’re taking when we choose one over the other. What’s evident in the collapse of Lehman Brothers and the other continuing shockwaves from the subprime mortgage mess is that, for a long time, the system suffered from a shortage of information and transparency and an excess of risky, blind betting.

We had a decade-long experiment in putting our economy’s assets largely in the hands of entirely unregulated institutions and managers. (Phil Gramm, who was one of McCain’s chief financial advisers until his impolitic comments about our “nation of whiners,” was one of the people who shot the starter pistol for this decade of excess when he served as chairman of the Senate Banking committee.) Now the experiment has proven a disastrous, costly failure. There’s no doubt that we will return to a more cautious, fairer, better-regulated system; we have no choice in that. The only real choice we have is who to trust to execute that re-regulation.

One party has always stood for kicking away safeguards and regulations in the name of the free market driven by — what? — oh, right, greed. The other has a long tradition of believing that responsible government oversight can keep markets fair and open. McCain and his party have a long record of opposition to the very sort of regulation that might have helped avoid, or minimize, the collapse of our financial institutions. The candidate’s eleventh-hour spasm of “eat the rich” rhetoric — however entertaining, in its topsy-turvy-world way — is far too insincere to occlude that record.

Filed Under: Business, Politics

What’s a political press for?

September 10, 2008 by Scott Rosenberg

It seems to me that if the practitioners of campaign journalism can’t figure out a way to make it so that lying is punished, rather than amplified and rewarded, by the press then they ought to pack up their bags and go do something else.

From Matthew Yglesias. Via Jay Rosen’s Twitter feed, which I recommend for running meta-commentary on this bizarre unfolding Spectacle of the Society that our campaign has degenerated into.

I wouldn’t have said “punished”; it plays too much into the S&M imagery that Palin’s candidacy toys with. I’d have said that lying should be named, and shouted about, and hung around the neck of the candidate who is shameless about doing it.

I mean, this is a campaign that lies about the findings of Factcheck.org!

I think we’re gonna have to bottom out before things will get any better. Hoping that the ABC Palin-comium on Friday will mark the nadir, and then we can begin to gain some traction on reality again. If not, it’s going to be a rough season.

Filed Under: Politics

Spinspotter’s campaign against bias targets the wrong problem

September 8, 2008 by Scott Rosenberg

Plenty of Web startups begin with a good idea and fail because it’s just plain hard to build software well, and Web sites are tricky beasts, and getting users isn’t easy. Then there are the startups where the trouble isn’t with execution; it’s with the initial idea. The company has simply set out to solve the wrong problem.

I have to say that Spinspotter, which debuted at Demo today, looks like it’s in that latter category to me. This is a site that uses an algorithm to detect what it defines as bias or “spin” in news coverage. (Here’s coverage from the Times, the Journal, and BusinessWeek.)

The pitfalls and perils in getting an effort like this to work in any sort of way that doesn’t evoke titters are legion. But let’s not even bother with that part of the debate. (Businessweek offers a list of the six criteria, which include everything from too much passive voice to too much “reporter’s voice.”) The real issue here is that the very idea of SpinSpotter is wrongheaded.

Is having a computer program scouring news articles and underlining each appearance of what it defines as bias going to improve any journalist’s work, or any reader’s understanding of the news? If Spinspotter succeeds in redlining every appearance of what it considers “bias” from the news, surely the resulting gelded coverage — deprived of any trace of anyone’s voice, echoing with what Jay Rosen calls “the view from nowhere” — will no longer be of interest to any reader more human than the Spinspotter code.

There is plenty of room for Web sites and services that enable us to better sort fact from fiction, to help us think about what coverage is fair and what is duplicitous, to figure out who we might want to trust and who we might want to distrust among our media sources. But the helful site needs to start by asking those questions — not by simply exhorting its users to “Find bias and tear it a new one.” (The slogan makes me all warm and nostalgic for the blogosphere’s old promise of “we can fact-check your ass.”)

The complaints about “bias in the media” today do not emerge in a vacuum. It’s not as if there were some platonic ideal of news, an attainable and perfect “objective news reporting” standard that our reporters and editors just need to sweat a little harder to achieve. The frequent accusations of bias you hear today, from every point on the political spectrum, are a symptom of the extreme divisions in our political system and our nation.

Journalists are human beings. “Objectivity” is not within their capacity. Bias will always be charged. Sometimes it will come as a result of genuinely shoddy journalism, where reporters have slanted coverage unfairly based on their own prejudices; sometimes it will come as a result of shoddy news consumption, where a reader just doesn’t like the facts that a reporter has presented because they conflict with his world view. Spinspotter promises both “wisdom of the crowd” style voting and human “referees” to build checks and balances into its system. But I suspect these will just end up either recapitulating the left-right fusillades that already fill the political blog-comment-sphere, or reproducing the “view from nowhere” bromides that satisfy no one.

SpinSpotter’s design starts from an assumption that there is some abstract and definable concept of “bias” independent of our own relative perspectives. But we all encounter the biases in the coverage we read through the lens of our own pre-installed biases. And so what? Every act of journalism is biased! We can’t and shouldn’t set out to eliminate bias from journalism, not only because it is impossible but because it is unwise. Instead, we should expect journalists do a better job of being fair and accurate and passionate in their quest for the truth as they see it. We should help readers find the journalists they trust and question the ones they don’t. And we could all use help finding our way through this new era when there is little boundary left between the one group of journalists and the other of readers.

The real problem with our media in this decade has not been too much bias. The problem has been that too often our most influential journalists have not stepped forward to call out official lies. We have suffered from a surfeit of “on the one hand, on the other hand” journalism, which is a poor substitute for anyone’s truth. The Spinspotter-style effort to eliminate “bias” ultimately leads down the road to more of that ritual, not less.

Spinspotter’s home-page rhetoric crows, “The truth is back in town”…”Behold the epiphany of unfiltered news”…”take back the truth” — as if the truth were some golden residue left behind once you have stripped off all the layers of bias you can find. But I think that, even if Spinspotter could somehow perfect its algorithms and unerringly remove all the human perspective and “reporter’s voice” from the articles it points at, you’d find there’s nothing of any value left.

Filed Under: Blogging, Media

Noonan agonistes — or, journalists should write what they know and think

September 3, 2008 by Scott Rosenberg

The problem with too many journalists — and especially those journalists inside the Beltway — is this: they do not write what they’re thinking. The reporters do not tell us what they know. The columnists and analysts do not tell us what they believe. Their resulting work is boring, uninformative, and manipulative.

Today at the Republican convention, Peggy Noonan, a former speechwriter for the first President Bush who now writes a column for the Wall Street Journal, got caught by a mike that I guess she thought wasn’t on. She was talking with Republican strategist and former McCain associate Mike Murphy. Here’s Salon’s transcription of the exchange:

Apparently referring to some of McCain’s current advisors, Murphy then says, “These guys, this is all like how you win a Texas race — you know, just run it up. And it’s not gonna work.”

Noonan can then be heard agreeing with Murphy, saying, “It’s over.” A little later, Noonan responds to a question about whether Palin was the most qualified woman McCain could have chosen. “The most qualified? No,” Noonan responds. “I think they went for this, excuse me, political bullshit about narratives … Every time Republicans do that, because that’s not where they live and it’s not what they’re good at, they blow it.”

(You can watch the video and read a full transcript over at TPM.)

Now, if Peggy Noonan wrote a column every week that was as honest with her readers as she is here, with her colleagues, when she thinks the microphone is off, I would read it religiously. She’s part of a world that I don’t inhabit. But now I have a bright picture of the fact that she’s not writing what she knows and believes.

I know columnists are people; they have relationships to protect; they want insiders to keep talking to them. Still: virtually every journalist in DC could go a lot farther down the road of writing what they know and think. Doing so would probably earn them more respect, and more readers, and the sources and players would end up talking to them anyway.

We went through this five years ago when Laurie Garrett, a talented reporter, sent an email to her friends from Davos telling them about the big conference there in blunt, unvarnished and informative terms. Then she freaked out because this report — in which she was doing exactly what she ought to have been doing in her role as a journalist — became public and embarrassed her.

Here is some of what Noonan published today in the Journal about Palin:

Gut: The Sarah Palin choice is really going to work, or really not going to work. It’s not going to be a little successful or a little not; it’s not going to be a wash. She is either going to be magic or one of history’s accidents. She is either going to be brilliant and groundbreaking, or will soon be the target of unattributed quotes by bitter staffers shifting blame in all the Making of the President 2008 books. Of which there should be plenty, as we’ve never had a year like this, with the fabulous freak of a campaign.

So: in print, it’s up in the air. But in truth, “it’s over” and the McCain campaign got seduced by “bullshit about narratives.”

How can anyone ever read a word by Peggy Noonan again and take it seriously? (And she’s been around the block long enough not to get too much sympathy for, you know, not knowing that microphones can betray you.)

If her editors had any respect for their readers, they’d fire her.

UPDATE: Noonan says the excerpt was edited or truncated and that her “it’s over” did not refer to the McCain campaign or the Palin nomination. I don’t know if that’s true; hope we can find out. Even if it is, she still expressed herself far more directly, bluntly — and persuasively — when she thought she was off-mike. That’s really my point.

Filed Under: Media, Politics

Why I’m hopeful for Obama; and what if it’s a tie?

September 2, 2008 by Scott Rosenberg

Watching the gyrations of this election has been diverting, but really, the road from here is not going to change no matter what happens this week in Minnesota. All right: maybe they’ll discover Sarah Palin is a Muslim, or find old tapes of her pastor denouncing America as the modern Sodom, or some other explosive revelation will knock her from the ticket and leave the GOP in awful disarray. Barring that, this race will come down to what it has been coming down to ever since it became a clear Obama/McCain contest: A handful of swing states will tip the election to one candidate or the other.

I’ve been hopeful for an Obama victory, and friends and relatives sometimes give me that fearful-Democrat look that has become prevalent over the past decade — that frown of “I’m worried, we screwed it up so many times in the past, the Republicans will find some way yet again to squeeze out a victory.” And sure, it could happen. But here’s why I think it won’t.

(1) Yes, it’s true that there will be more people voting against Obama because of his race than the polls are capturing. But the Obama campaign’s prodigious and effective get-out-the-vote effort, and its ability to pull in new voters among the young, will counterbalance the negative race vote, effectively canceling it out. So I’m not worried about it.

(2) The popular vote doesn’t matter. The electoral college chooses the president. So the map is really all that counts. And the map doesn’t look so bad. There are a number of combinations of states that get Obama over 270. For McCain to even have a shot, he’s got to win all of the big swing states (FL, OH, VA); then he also must either wrest something like PA or MI from the Obama column or, alternately, win in a whole bunch of smaller swing states like CO, NV, and NH. He could do it, but the stars will have to align just right for him. Obama can win without FL, OH or VA if he pulls it out in a few of those other states. He’s just got more roads to a win right now.

(3) What’s keeping me up at night is the possibility of an electoral college tie. You can see how easily this could happen from the recent electoral maps: If Obama holds all the Kerry states and in addition wins Iowa and Nevada and New Mexico but loses Colorado (or if he wins Iowa and Colorado but loses Nevada and NM) then he comes out with 269 electoral votes and so does McCain. Constitutional madness! The election goes to the House, but each state delegation casts one vote. Consensus seems to be that Obama has the edge in that scenario. But it’s a mess no matter how you play it out, and as we saw in 2000 the GOP is far more willing to play hardball in such circumstances. Still, any electoral-college tie is likely to involve Obama having the lead in the popular vote; the constitution doesn’t care about that — and it didn’t matter in 2000 — but it ought to put at least some weight in the scales with wavering congressional delegations.

Filed Under: Politics

Premature spotlight on Spot.us

August 26, 2008 by Scott Rosenberg

I met David Cohn through my association with Jay Rosen’s NewAssignment.net and have kept up with his sometimes frenetic activities online. Recently Cohn won a grant from the Knight News Challenge for Spot.us, a service he’s developing that’s trying out a new model of paying for investigative journalism by raising money online through aggregating small donations (i.e., “crowdsourcing”).

It’s a promising idea, David is an energetic and creative guy, and I have high hopes for what the experiment can teach us. (I tossed in a small contribution to Spot.Us’s pilot project — a study of political ads in the upcoming San Francisco election.)

But Spot.us is in what you might describe as a pre-alpha state. It’s an idea that is in the process of becoming embodied on the Web. Cohn is bravely developing it in public, showing his blog readers his designs as they evolve, plunging forward with improvised test-bed proof -of-concept efforts.

This is all well and good: it’s the best way to get a Web project moving. But it did cause me to do a double-take when I saw this extensive Sunday New York Times think piece on Spot.us. The piece calls Spot.us an “experiment” but barely gave its readers any indication that the project it was describing remains in the fetal stage.

I suppose when you work transparently this is the risk. And getting a big piece in the Times isn’t something to complain too loudly about. For the Times, I can’t fault them for spotting a trend early and wanting to highlight it. But there’s something a little careless, even sloppy, about not acknowledging — up front and in bold — that this thing they’re writing about really, you know, doesn’t exist yet. Cohn wrote yesterday about his concern whether Spot.us “deserves the attention yet”: “I honestly want to scream at the top of my lungs, ‘come back in the Fall!’ ”

The impression we’re left with is that the news industry is so desperate for salvation (or so lacking in confidence) that it will grab at the thinnest reed of any story that suggests a way out. What I want to know is: will the Times, and others, be there to give Spot.us more attention once it is fully functional and cranking out stories?

Filed Under: Media

Clearly not self-promotional enough

August 19, 2008 by Scott Rosenberg

On the recommendation of BoingBoing, I hied myself over to check out Polymeme, a new news-aggregator site that collects top stories based on clusters of links from expert blogs. (From what I can see it appears to be kin to Techmeme and Memeorandum.)

Polymeme looks interesting. The funny thing is, the first thing my eye landed on on the home page tonight was a headline that read: “Self-Promotion Becomes a Prerequisite for Online Journos.” Hmmm, that sounds similar to that post I wrote a few days ago about rustling up readers. Then I read the text under the headline and realized, wait a minute, this is that post I wrote a few days ago about rustling up readers. I made Polymeme before I even knew it existed. I’ve got this self-promotion stuff down!

Only, on second look, wait a sec: there’s no link to my blog, and no attribution of my words. How’d that happen? The link is actually to a post Dan Gillmor wrote at PBS. Dan quoted a paragraph from me; that graph is featured on Polymeme. (I imagine the Polymeme front page will change at some point soon, but here’s a permalink page with the same excerpt and more links.)

Well, the main thing is, the ideas in my prose are now out there. Glad to see my little contribution propagating. But I guess I could still use a little work on the self-promotion angle…

Filed Under: Blogging, Media, Personal

“Cone of Silence” contradictions

August 18, 2008 by Scott Rosenberg

During the Rick Warren/Saddleback event over the weekend — in which Obama and McCain were both asked exactly the same questions, and Obama went first — Warren, the questioner, told the audience repeatedly that McCain was “in a cone of silence” so he wouldn’t gain unfair advantage by hearing the questions in advance. It appears that McCain was in fact in his car being driven to the event, and who knows what he was listening to.

Now, this little Get Smart reference isn’t the world’s most earthshattering issue. McCain is getting “graded on a curve” (as Josh Marshall puts it) all the time anyway. But in the McCain campaign’s reaction you can get an indication of just how hypersensitive and defense it is to being criticized by the media: McCain’s people demanded an apology from NBC for even suggesting that there was anything to the “no cone of silence” story. They also insisted that it was a terrible thing to ask whether McCain might have done something wrong because he is, you know, a former POW.

So is there anything to the story? Ultimately it’s a tiny issue, but the way it is surfacing in the media certainly leaves readers scratching their heads. Take today’s New York Times: on the op-ed page,
Times columnist William Kristol writes “There’s no evidence that McCain had any such advantage.” (That’s on the Web edition of the article; my print paper this morning read: “There seems to be absolutely no basis for this charge.” I guess Kristol is now editing his text for the Web without making any note of the revision.)

Meanwhile, an article in the very same edition of the very same newspaper — one featured with a teaser on the paper’s front page — is headlined, “Despite Assurances, McCain Wasn’t in a ‘Cone of Silence.'”

Let’s see if or when the paper attempts to resolve this.

Filed Under: Media, Politics

Essential skill: The art of rustling up readers

August 15, 2008 by Scott Rosenberg

I saw this on Twitter today from Jay Rosen:

Publishing used to be the barrier. Now that publishing is easy, getting your stuff picked up, linked to is an essential skill.

Jay was responding to a question from Howard Rheingold, who asked:

Skills for digitally-savvy journalists: RSS, map mashups, widgets, Twitter (video goes without saying). What else?

I read Jay’s answer and had two thoughts. One, this is absolutely right. Two, it is an insight that most working journalists today — at least those who are working for some newspaper or broadcast outlet or magazine, as opposed to those who have already lighted out for the online territories — are occupationally blind to.

They cannot see this because, all their working lives, the business of gathering their audience has been handled for them. Whether you are a brilliant journalist or a total hack, you get accustomed to assuming that you have a lot of readers because you are gifted and wonderful and creative. Whereas, in truth, whether you are in fact gifted and wonderful and creative, or not (and you? you are — of course you are!), you have those readers because you work for some company that has supplied them for you.

In other words, most journalists confuse what they have inherited ex officio with what they have earned through their own talent and sweat. It’s comforting but fundamentally unrealistic. (See Clay Shirky’s book Here Comes Everybody for more on this.)

This privilege disintegrates out on the Web once you leave the protective umbrella and traffic supply of a media company. For instance, this little blog used to be associated with Salon.com. In its previous incarnation as part of the Salon Blogs program, it got a significant amount of traffic off Salon’s home page. That was great — but it didn’t have much to do with the quality of what I was producing. (I suppose if I had raved like a lunatic or begun to peddle miracle cures, David Talbot or Joan Walsh would eventually have spoken up.)

When I left Salon the blog became an independent entity. Of course its traffic declined. I could have poured my energy into posting round the clock and promoting the blog — maybe I should have! I’d certainly have had fun. But I’ve been writing books instead. That challenge, at this point in my life and career, feels like it’s pushing me harder and teaching me more. And it’s a living. So the blog is a side effort, and I’m content, for now at least, with its being a poky little personal blog that people who are interested in my work can follow.

So the blog goes along day by day with a few hundred page views (measured for real, conservatively) or maybe breaks a thousand or two on a good day, and I’m fine with that. But then every now and then somebody I don’t know decides to promote something I’ve written on some high-traffic Web crossroads — and suddenly, blam, the traffic goes through the roof. For instance, last week I posted my thoughts on Sarah Lacy’s book. My regulars read it (or not), and I moved on. A week later, some kind soul posted a link to this review over on Y Combinator’s Reddit-style “hacker news” feed, and, blam, thousands of people were reading it –or, you know, at least loading it in their browsers.

Thank you to whoever did that. Writers are always grateful for readers.

This is the way the Web works. If this (or any) blog were my primary focus, I’d be out there rustling up readers for it, because that’s what you have to do. I think a lot of journalists still see this as a grubby, low, self-promoting activity that is beneath them. Of course, it can be done in a grubby way (and often is) — but that’s true of everything. Writing headlines is, after all, another form of the art of rustling up readers. It can be done with style and flair; it can be done crudely and effectively; it can be done clumsily and stupidly. But it must be done. There is no alternative.

Watching how Salon’s home page drove traffic to all its stories through the years depending on the quality of the headlines we wrote taught me to respect this art. The business of publishing a book and figuring out how to get it noticed taught me even more not to look down on it. It is, as Jay said, an essential skill for any journalist who does not already have some guaranteed audience in the back pocket. Those guarantees are increasingly rare — for entry-level folks, they’re virtually non-existent. Relying on them might be even more painful than learning some new tricks.

Filed Under: Blogging, Media

Who’s gonna win? Follow the state tallies

August 13, 2008 by Scott Rosenberg

People ask, “Who’s gonna win in November,” and then they talk about national polls or national issues or national debates. All those things are absorbing. But if you want to know who’s gonna win, there’s only one thing that really matters, and that’s the state-by-state electoral vote count.

That’s why the electoral-vote.com site is such an election-year essential. (It started up in 2004.) All you need to do is look at the map as it stands, roughly, now, and you can see what the election’s faultlines are.

The first thing you may notice is that the split between blue Democratic states and red Republican states follows the greatest divide in American history. It’s Civil War time all over again. East of the Mississippi, the old Dixie states go to McCain, and Obama takes Lincoln’s Union states — with the very-close Ohio (now leaning McCain-ward) as the only break from the pattern.

Couldn’t have anything to do with this being the first credible presidential run by an African American, could it? Nah…

West of the Mississippi, the pattern’s a little less even; Obama gets the coast, McCain gets much of the heartland, but there are Democratic inroads here — in recent elections New Mexico has often voted Democratic, but Colorado’s new to the blue roster.

Much can change between now and November, of course. But if you look at the count today, you see that a lot of conventional electoral wisdom just doesn’t hold this year: Obama could lose Ohio and Florida and still win the election handily. He can even win it, closely, if he also loses Indiana, which is currently in his column on electoral-vote but is very much up for grabs (it’s been a reliable Republican state in the recent past).

There’s just a lot of fluidity in a lot of these states. Ohio could still go to the Democrats. Obama has a shot in Montana, of all places. And even Virginia might be in play. Colorado’s plainly up in the air. The Republicans might have a chance in Nevada and New Hampshire. McCain trails by 5-7 points in all the upper Midwest states (Minnesota, Iowa, Wisconsin), as well as in Pennsylvania and Michigan; a lot has to happen for these states to get more competitive, but it’s entirely possible.

This is the stuff Obama’s strategists are poring over right now. They did a superb job during primary season in managing a tough, long campaign across 50 states in sequence. Now they’ve got to do the same thing all at once.

Filed Under: Politics

« Previous Page
Next Page »