Wall Street Journal is threatened by blogs, so it is resorting to name calling. Many bloggers who cover market are thousand times better than the pompous editorial staff of WSJ. No wonder the Dow Jones & Co. Inc stock is in dumps.
Blogs are very important these days. Even Mahmoud Ahmadinejad has one. The invention of the Web log, we are told, is as transformative as Gutenberg's press, and has shoved journalism into a reformation, perhaps a revolution.
The ascendancy of Internet technology did bring with it innovations. Information is more conveniently disseminated, and there's more of it, because anybody can chip in. There's more "choice"--and in a sense, more democracy. Folks on the WWW, conservatives especially, boast about how the alternative media corrodes the "MSM," for mainstream media, a term redolent with unfairness and elitism.
The blogs are not as significant as their self-endeared curators would like to think. Journalism requires journalists, who are at least fitfully confronting the digital age. The bloggers, for their part, produce minimal reportage. Instead, they ride along with the MSM like remora fish on the bellies of sharks, picking at the scraps.
More success is met in purveying opinion and comment. Some critics reproach the blogs for the coarsening and increasing volatility of political life. Blogs, they say, tend to disinhibit. Maybe so. But politics weren't much rarefied when Andrew Jackson was president, either. The larger problem with blogs, it seems to me, is quality. Most of them are pretty awful. Many, even some with large followings, are downright appalling.
1 comment:
You may want to look at 27.50 puts or if you're brave 25 puts for GG. Gold not looking too good in the near term.
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