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		<title>Journalism reality check</title>
		<link>http://korrvalues.com/2008/04/11/journalism-reality-check/</link>
		<comments>http://korrvalues.com/2008/04/11/journalism-reality-check/#comments</comments>
		<pubDate>Fri, 11 Apr 2008 19:36:49 +0000</pubDate>
		<dc:creator>Josh Korr</dc:creator>
				<category><![CDATA[Journalism]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Newspapers]]></category>

		<guid isPermaLink="false">http://korrvalues.wordpress.com/?p=70</guid>
		<description><![CDATA[Layoffs are never nice; financial pressure is hard for any company in any field. But I think Pat Thornton&#8217;s sense of scale is just a little skewed when he writes: Let’s get one thing straight right off the bat: Journalism &#8230; <a href="http://korrvalues.com/2008/04/11/journalism-reality-check/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=korrvalues.com&amp;blog=2865832&amp;post=70&amp;subd=korrvalues&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Layoffs are never nice; financial pressure is hard for any company in any field. But I think Pat Thornton&#8217;s sense of scale is just a little skewed when he <a href="http://patthorntonfiles.com/blog/?p=243" target="_blank">writes</a>:</p>
<blockquote><p>Let’s get one thing straight right off the bat: Journalism is under fire right now, much more so than just about any other industry in America. <a href="http://graphicdesignr.net/blog/2008/03/01/more-than-1000-jobs-eliminated-in-2-months/" target="_blank">More than a thousand jobs</a> have already been cut this year from mainstream media organizations and thousands more will be in the coming months. It’s a very dark hour for journalism.</p></blockquote>
<p>Tell that to the auto, mortgage/housing/banking, and manufacturing industries. As I pointed out in this <a href="http://korrvalues.com/2008/02/09/about-those-failing-newspapers/" target="_blank">post</a>,</p>
<blockquote><p>Ford <a href="http://finance.google.com/finance?q=NYSE:F">lost</a> $2.7 billion in 2007 and $12.6 billion the year before — and those aren’t just losses in market capitalization (that was probably a heck of a lot more), but $15 billion in actual money down the drain. Think they wouldn’t kill for that 21 percent margin [Gannett's 2007 margin]? (Their 2007 margin: minus-6.8 percent.)</p></blockquote>
<p>The mortgage industry <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&amp;STORY=/www/story/04-07-2008/0004787407&amp;EDATE=" target="_blank">lost</a> 14,000 jobs in the first three months of the year. Subprime mortgage losses have cost insurers <a href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a5E881LWL8ig&amp;refer=home" target="_blank">$38 billion</a> so far. Banks, brokers, and insurers could end up writing down <a href="http://www.bloomberg.com/apps/news?pid=20601087&amp;sid=aqvA7qx9ql.E&amp;refer=home" target="_blank"><em>$285 billion</em></a> in subprime losses (writedowns have already reached $150 billion).</p>
<p>Dell just closed a Texas plant, <a href="http://www.itworld.com/Man/3919/dell-layoffs-080403/" target="_blank">costing</a> 900 people their jobs (of the at least 8,800 people the company plans to fire, some will surely be in the United States). Motorola has laid off <a href="http://www.edn.com/index.asp?layout=article&amp;articleid=CA6547845" target="_blank">10,000</a> people in the past year (though again, not sure how much of the total is American workers). In the U.S. manufacturing sector overall, <a href="http://www.bls.gov/news.release/mmls.nr0.htm" target="_blank">67,000</a> people were laid off in February.</p>
<p>Yes, these industries are all much bigger than the news media. But let&#8217;s keep a sense of perspective here. As Chris Anderson <a href="http://www.longtail.com/the_long_tail/2008/03/of-fly-eyes-and.html" target="_blank">notes</a>, the newspaper industry is &#8220;a $45 billion business, which is twice as big as Google and Yahoo combined.&#8221; Times are tough, but the apocalypse is still a ways off. Operating with a clear-eyed view of the situation, rather than panicking and overstating newspapers&#8217; very real problems, is the best chance we have at keeping the end times at bay.</p>
<p>(All that being said, I actually agree with much of Thornton&#8217;s advice for would-be journalists.)</p>
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		<title>David Broder&#8217;s meaningless centrism</title>
		<link>http://korrvalues.com/2008/02/14/david-broders-meaningless-centrism/</link>
		<comments>http://korrvalues.com/2008/02/14/david-broders-meaningless-centrism/#comments</comments>
		<pubDate>Fri, 15 Feb 2008 04:31:57 +0000</pubDate>
		<dc:creator>Josh Korr</dc:creator>
				<category><![CDATA[media]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[economy]]></category>
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		<guid isPermaLink="false">http://korrvalues.com/?p=19</guid>
		<description><![CDATA[Washington Post columnist David Broder is at this point basically a joke among serious political writers and bloggers. To them, he represents the pointlessness and shallowness of a certain kind of mainstream newspaper political coverage: A mindset that fetishizes objectivity &#8230; <a href="http://korrvalues.com/2008/02/14/david-broders-meaningless-centrism/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=korrvalues.com&amp;blog=2865832&amp;post=19&amp;subd=korrvalues&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Washington Post columnist David Broder is at this point basically a joke among serious political writers and bloggers. To them, he represents the pointlessness and shallowness of a certain kind of mainstream newspaper political coverage:  A mindset that fetishizes objectivity and even-handedness to the point of prizing, above all else, &#8220;bipartisanship&#8221; for the sake of bipartisanship regardless of the policies involved.</p>
<p>According to this mindset, the havoc wreaked by tax cuts, cronyism, and Republicans&#8217; turning K Street into another arm of government were not the result of deliberate policies and practices by one party, but rather occurred because of &#8220;partisan gridlock,&#8221; because &#8220;Washington is broken.&#8221; Thus bipartisan action is always good, regardless of whether the legislation produced by such action is sound. (The New Republic&#8217;s Jonathan Chait is one of the best critics of this view, and his book <a href="http://www.amazon.com/Big-Con-Washington-Hoodwinked-Economics/dp/0618685405/ref=pd_bbs_1?ie=UTF8&amp;s=books&amp;qid=1203049529&amp;sr=8-1" target="_blank">The Big Con</a> is a must-read for anyone interested in this sort of thing.)</p>
<p>Broder&#8217;s <a href="http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302784.html" target="_blank">column</a> Thursday about the recently enacted economic stimulus package is an almost comically perfect example of this shallow strain of argument.  <span id="more-19"></span>Broder writes:</p>
<blockquote><p>A week ahead of their self-imposed deadline, the House and Senate, by overwhelming votes, sent to President Bush <b>almost exactly the kind of relief measure he had sought</b> for the staggering economy.</p>
<p>It was a dramatic reversal of the <b>gridlock that had characterized executive-congressional relations throughout 2007</b>, and it reflects the recognition by both Republicans and Democrats of the public disenchantment with official Washington that has been one of the dominant themes of the 2008 presidential campaign. (emphasis added)</p></blockquote>
<p>Notice that Broder isn&#8217;t commenting on whether the stimulus package is substantively good. To him, the most important thing is that Congress acquiesced to what President Bush wanted. Is Bush&#8217;s plan what the economy actually needs now? Who cares! Hey, it&#8217;s gotta be better than gridlock!</p>
<p>Also notice that Broder presents the executive-congressional gridlock neutrally, as if everyone is to blame. Because, you know, it&#8217;s not like the administration has been stonewalling for at least a year on the shady <a href="http://thehill.com/leading-the-news/attorneys-probe-deepens-2008-01-22.html" target="_blank">firing</a> of <a href="http://tpmmuckraker.talkingpointsmemo.com/2008/02/house_passes_contempt_votes_ag.php" target="_blank">U.S. attorneys</a>; on the <a href="http://tpmmuckraker.talkingpointsmemo.com/2008/01/a_short_history_of_the_white_h.php" target="_blank">disappearance</a> of up to 5 million White House <a href="http://tpmmuckraker.talkingpointsmemo.com/2008/01/todays_must_read_257.php" target="_blank">e-mails</a>; on the <a href="http://www.nytimes.com/2008/02/07/washington/07intel.html?_r=3&amp;ref=world&amp;oref=slogin&amp;oref=slogin&amp;oref=slogin" target="_blank">destruction</a> of CIA <a href="http://tpmmuckraker.talkingpointsmemo.com/cia_tapes/" target="_blank">tapes</a> showing the interrogation/torture of detainees; on its warrantless wiretapping <a href="http://tpmmuckraker.talkingpointsmemo.com/2008/02/mukasey_no_i_will_not_investig_1.php" target="_blank">program</a>; etc., etc.</p>
<p>But this is the best part:</p>
<blockquote><p>Time will tell whether the stimulus package &#8212; blessed by leading economists of both parties &#8212; will be timely and substantial enough to ward off a full-scale recession. But as a symbol of Washington&#8217;s capacity to respond to a real threat and satisfy public demand for action, it is impressive and heartening.</p></blockquote>
<p>I&#8217;m not sure which leading economists he&#8217;s talking about. Most of the commentary I&#8217;ve seen &#8212; including this helpful <a href="http://gregmankiw.blogspot.com/2008/01/coalition-against-fiscal-stimulus.html" target="_blank">list</a> compiled by Greg Mankiw, Harvard econ professor and former chairman of President Bush&#8217;s Council of Economic Advisors (his own view is <a href="http://gregmankiw.blogspot.com/2008/01/proposed-fiscal-stimulus-my-view.html">here</a>) &#8212; has been decidedly un-blessed. But the policy itself doesn&#8217;t seem to be all that important to Broder; that single sentence is the only part of the column that even cursorily discusses the policy&#8217;s soundness.</p>
<p>No, what&#8217;s important to Broder is that the stimulus bill is a &#8220;symbol of Washington&#8217;s capacity to respond to a real threat and satisfy public demand for action.&#8221; What&#8217;s &#8220;impressive and heartening&#8221; isn&#8217;t that Congress and the White House passed a necessary, smartly crafted, and useful stimulus plan &#8212; who knows if they did that! What&#8217;s impressive is the symbol of responding to threats, of heeding some alleged demand for action.</p>
<p>According to this worldview, any action will do &#8212; as long as it&#8217;s bipartisan.</p>
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