Where Is The Line?
The Market Ticker - Commentary on The Capital Markets
2017-07-03 07:00 by Karl Denninger
in Editorial , 245 references Ignore this thread
Where Is The Line?
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There is one, you know.

It was quite interesting in the 1990s going from being a common private person to someone who ran a corporation.  You become a public person immediately, and then if you start appearing in the media in any way (and most such people do, eventually) then the rules shift even further.

See, those who are deigned a "public figure" have an entirely different set of rules that apply when others talk about them.  As an ordinary private person if someone calls you a "slut" in print that's probably actionable.  You might not be able to get any money in a lawsuit (most likely because the person who did it doesn't have any) but -- it's actionable.

On the other hand once you cross the rubicon into being a public figure all that changes.  Virtually anything is in-bounds, with a very few exceptions.  One of the few remaining exceptions is a direct allegation of a specific and serious crime.  For instance you can't call someone a child molester unless they actually are, public figure or no.

But "slut"?  Sure.  And further, the boundaries on "invasion of privacy" and such mostly disappear too.  They don't completely disappear -- someone who manages to sneak a camera into your bathroom and publishes a picture of you nude is still going to hang for it, but beyond that most things are fair game.  Thus, paparazzi.

And this leads to a fairly interesting question.  See, political figures in particular are the most public of all, and there is a long history of candidates throwing slime at one another -- sometimes true, sometimes not.  It's almost-never actionable in any sort of legal or political sense, except at the ballot box in that it can (and sometimes does) blow up in the slime-thrower's face.

We also have a long history of the media choosing a side and then failing to report the truth, or worse, lying outright to get a desired outcome.  Vietnam's Tet Offensive was one such glaring example.  Cronkite admitted, years later, that he knew damn well that Tet was a massive loss for the North -- they hadn't gained a single yard of ground and lost men and machinery at an utterly astonishing rate.  Yes, we took casualties too, but all things considered not very many at all.  Yet it was his coverage of that offensive (which was the North's attack, I remind you) that ultimately swayed public opinion here in the United States sufficiently to force an end to the war.

We had won, in short, because the North was literally out of soldiers; they spent them all, plus a bunch of untrained kids, on a failed attack in which some estimates were that they lost 10 men to every one of ours.  In the next months leading to President Johnson deciding not to run for re-election we had lost 4,000 men but they lost over 58,000.

It was a slaughter and yet it was portrayed as a great "loss" for America on every single nightly newscast.

Cronkite and the rest of the crew responsible for that were never held to account for their intentionally-slated "coverage" bordering on outright lies.

Who remembers Zimmerman? The news media deliberately placed their logo so as to prevent you from seeing a gash on his head when he was taken to the police department after he shot Martin and claimed that Zimmerman was uninjured in the altercation.  That was a bald, intentional lie; we only have left as the point of debate their motive.  Was it simply to frame Zimmerman (who I remind you was acquitted; the truth eventually came out) or did the media intend to foment a race riot and the literal destruction of Sanford, FL?

It is against this backdrop that CNN and it's executives all the way up to their CEO, and one must presume the rest of the media, emboldened with billionaires such as Amazon's Bezos who owns the Washington Post, have run an incessant narrative that "Russia elected Donald Trump."

Unfortunately for CNN cameras, including really small ones, are now cheap and can be had anywhere and everywhere. What has been seen over the last week or so is a series of videos recorded by Project Veritas in which CNN producers state that they know the Russia story is bull**** but are running it for ratings -- that is, money --  since they are aware it drives half the nation into a bloody froth and, perhaps worse, that voters are "stupid as ****" and thus they believe they'll be able to get away with it.

Now we get to the fun part.  We shall see whether indeed voters are "stupid as ****", and further, whether they will sit back and be abused like this for profit not only by CNN but by other media outlets owned by people who additionally own or control other businesses and against which their ire can be taken out.

Like, for example in the case of the Washington Post and Jeff Bezos, Amazon.

Yes, it may be true that half the nation is driven into a bloody froth by any negative story on Trump.  But what's also true is that both halves now have proof that the story is a knowing lie and, perhaps worse, the half that does get driven into a bloody froth just might not be as stupid as CNN believes and just might decide to turn their anger on those who not only intentionally exploited their political views but believes they are too stupid to realize they're being lied to.

We shall see, but if these firms are (from a business perspective) burnt to a zero-stock-price crisp I shall merrily enjoy the show with a nice glass of good Scotch.

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User Info Where Is The Line? in forum [Market-Ticker]
Snowman
Posts: 1929
Incept: 2009-03-09

avoiding yellow snow
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News is not a very big business for the media companies. Network news has lost about 50% of viewers since 1980 though population has grown. network news viewers/population in 1980 was about 20% and today it's about 7%. The network news still ranks in the top 10 watched shows every day. Cable news? Not even in the top 100. Bear in mind primetime cable news combined has only about 20% of the viewers watching network news, i.e., 1.5% of the population. You can stop watching CNN but there are enough "dumb ****s" out there to keep CNN in the cable subscription system, which counts for about 70% of their revenues. Wouldn't surprise me once the gigantic ATT takes over Warner, CNN goes into a complete overhaul or gets tossed out, not even a rounding error in ATT's business. CNN is not good for the ATT brand. ATT wants global domination of the internet and networking, having a bad news show that no one watches doesn't fit that strategy.
Aquapura
Posts: 627
Incept: 2012-04-19

South of Canada
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Wasn't it Joseph Goebbels that said if you repeat a lie enough it becomes fact? Honestly that's what I believe the media's goal on Russia is. They know that their influence has waned and trust in mass market media is at all time lows. My guess is they are pissed off about it and want to flex what power they still have to regain lost ground - reestablish the 4th estate.

My opinion is that it's a fools errand on their part and risks what little trust people have in the media. And while I have my issues with Trump I do like that he flings the **** right back at them.
Rufust445
Posts: 736
Incept: 2007-08-11

Emerald City
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Around the time of Tet I was in a college class that was part of my minor in History & Poli-sci. Someone raised a question about the effect of Soviet propaganda on some event. The prof's response was diplomatic yet succinct:

"The intellectual capacity of the press in this country is such that they
can be manipulated by propagandists."

Since then I have seen examples of this intellectual capacity in the news
again and again. These days it's over the top.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Eli
Posts: 8523
Incept: 2007-09-10

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What I find interesting is just how no one gives a **** about what the truth is anymore. I know that the media has been a bunch of liars for a long time but now they really openly provide information that is clearly false, then on the other had they avoid real stories that they don't like because they are about people that they support.

Case in point John Podesta the guy who loves handkerchiefs and pizza a lot!



While Hillary was Secretary of state he was one of her chief advisors but off the government payroll. He was on the board of an energy company that received 35 million of cash directly from a holding company that is owned wholly by the Kremlin. This same Kremlin company gained access to US uranium and Hillarys state department was the gate keeper for that deal.

This is what I'm getting at, here is Hitlery's campaign manager making millions given to him by the Russians, and no one gives a ****!

Russians meddling, buying off people? This is clear evidence of political corruption of the worst kind that actually compromises national security. No one cares. Insert Trump for Podesta, and the media and the Dems would be demanding a firing squad.

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If you want a vision of the future, imagine a boot stamping on a human face - forever.
George Orwell

Oldno7
Posts: 2582
Incept: 2008-11-14

RECALL STATE USA
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We have not watched a network news show in years just local news for weather. What's the point none of what is said it true anyway and they don't really address any really important issues. Don't even watch FOX. All you see or hear is a bunch of people talking over each other. Total BS IMO.

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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.When people lose everything and have nothing left to lose they lose it -Gerald Celente
Jack_crabb
Posts: 5226
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Peoples' Republik of Maryland
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Our Genial Host wrote..
the half that does get driven into a bloody froth just might not be as stupid as CNN believes and just might decide to turn their anger on those who not only intentionally exploited their political views but believes they are too stupid to realize they're being lied to.


You have a much higher opinion of the average libturd than do I.

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Molon Labe
Where is Henry Bowman when you need him?
How many are willing to pledge this? We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor
Rickysa
Posts: 2048
Incept: 2007-08-22

Southern Pines, NC
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O reelected.....then,

HRC got over 50% of the popular vote.

Game over man, game over.
Bjonsson
Posts: 969
Incept: 2010-03-10

Ventura County, California
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Quote:
Quote:
the half that does get driven into a bloody froth just might not be as stupid as CNN believes and just might decide to turn their anger on those who not only intentionally exploited their political views but believes they are too stupid to realize they're being lied to.

You have a much higher opinion of the average libturd than do I.


I know many libtards who are of the Sanders faction, and who are angry as hell with the bull****ting from CNN.

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"If you don't have borders... if you don't have laws... you don't have a country."
Tsherry
Posts: 852
Incept: 2008-12-09

Spokane WA
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Unless there is some breaking catastrophe, I don't watch any of the "national" TV stations. Once the story breaks I'll check in on those, but usually go to Drudge, or for a more holistic view, off-shore to media sources in Great Britain. If one does not use any sort of discretion in understand what is being presented as 'news', the propaganda machine has one another believer.

Within minutes of any story breaking, they are all literally the same, trying to one-up each other with falsehoods or leads or some 'personal insight.'

They believe they are utterly immune to any blowback from their hateful spew. One of these days, they're going to find out there are horrible, terrifying, fatal consequences. They will then blame Trump for the results of their own hate. Do they not understand how soft a target they all are?

Sometimes it really is difficult to believe how completely and utterly screwed this nation is.

I wonder if I'll live long enough to see an American society that understands what 'shame' is, being one that naturally censors those who have none? Somehow, I don't think so.

Trump's best chance is to just out-pace, out-work, out-perform and out-strategize. So far, I've seen a few flashes of performance, but hold no optimism for a sustained turnaround.

Quik49
Posts: 3928
Incept: 2007-12-11

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Ill get my news by either a scanner alert or local news radio....then head to TF for intelligent viewpoints....this topic makes this mornings choice of going to the range and cracking off about a thousand even more sound.

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Long Vaseline....

Lobo
Posts: 385
Incept: 2013-12-25

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The thought of roasting marshmallows and hot dogs over the still smoldering embers of the Washington Post makes me smile.

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Village Idiot
Flyanddive
Posts: 2206
Incept: 2008-10-10

Detroit
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CNN is threatening to DOX the maker of the Trump wrestling meme, wow.

Edit: They ****ing blackmailed him with threats to make an apology.

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"I've seen people go into real poverty trying to pretend to be rich."

Uwe
Posts: 8262
Incept: 2009-01-03
A True American Patriot!
24091
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What puzzles me is why he doesn't have the testicular fortitude to say, "Go ahead, make my day, I'm proud of the fact that the PRESIDENT tweeted MY MEME video!"

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"I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do." -- Robert Heinlein
Gantww
Posts: 1410
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Nashville, TN
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Quote:

CNN is threatening to DOX the maker of the Trump wrestling meme, wow.

Edit: They ****ing blackmailed him with threats to make an apology.


4Chan is in an uproar over it. Methinks CNN just footgunned themselves.

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Pissing on the host in the middle of the living room with guests present is a pretty good reason for the host to forcibly remove one from the scene, in my humble and correct opinion. - Jack_Crabb
Tickerguy
Posts: 149209
Incept: 2007-06-26
A True American Patriot!
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Quote:
Methinks CNN just footgunned themselves.

Uh, a little higher.

http://www.clickorlando.com/news/florida....

And THAT guy may go to jail for blowing his own dick off on top of it!

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Winding it down.
Supertruckertom
Posts: 1306
Incept: 2010-11-07

USA
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Nice little CZ they used for a photograph.
I have a Shadow 2 on layaway.
Want to bet it was a brand G that he sat on?
Convicted Felon.
Oh boy will he catch Hell in the joint.

Whatcha in for?

It's complicated.

Really?

Lots of links to related stories.

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Preparing to go Hunting.
Fedwatcher
Posts: 1952
Incept: 2009-04-07

Southern California
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By becoming a "Public Person" you lose "Rights" afforded to "Private Persons".

There are many consequences to this.
- you may choose to "hide" behind an LLC.
- you may choose to never run for "Public Office".
- you may choose to be a "Good Citizen" and give-up some of your "Rights".

There are many who would choose to be "Good Citizens" except for this "Cost".

Tell your chosen Political Party your email address is a mistake.

Making a traceable contribution to a "Political Cause" or "Candidate" is a mistake.

Having a "Blog" is a mistake.

Exercising your "Political Rights" is a mistake.

The "Powers That Be" want us to watch football and not pay attention to what they are doing.


Sad But True.
Tickerguy
Posts: 149209
Incept: 2007-06-26
A True American Patriot!
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Or decide that if ****ed with you'll **** back.

Works for me.

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Winding it down.
Flaps10
Posts: 6662
Incept: 2008-10-17

seattle
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superT wrote..

Want to bet it was a brand G that he sat on?

Impossible. The safety is, er, on the trigger

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Hit the gas Thelma
Supertruckertom
Posts: 1306
Incept: 2010-11-07

USA
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Yeah. Good spot for it. DA/SA for me with a thumb safety.

Try a CZ.
You might like it.

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Preparing to go Hunting.
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