For as long as legislative and regulatory acts have moved financial markets, investors and their operatives have scrummed like Komodo dragons for first bites of the fresh laws and orders dispensed by government. The stampede for the timeliest legal and regulatory information has given rise to the “political intelligence” business, which converts Capitol Hill whispers into stock market gains, and which has now attracted the full scrutiny of Congress and the regulatory apparatus.
The thought of the Koch brothers purchasing the Los Angeles Times so distressed staffers attending a recent in-house award ceremony that half of them raised their hands when asked if they would quit their jobs should the paper — which has come out of bankruptcy court and is very much for sale — fall into the two oil billionaires’ portfolio, the Huffington Post reported recently.
If you’re the nautical sort, you probably interpret the news as a flow. If you hunt and peck on the typewriter, your news feed might resemble a pointillistic painting. But if you love to break ideas down into their sequential components, keep your socks folded and sorted by color in a dresser, compose everything you write with an outliner and consider a pair of tweezers a blunt instrument, then you probably view the news through the schematic eyes of Hilary Sargent, the creative force behind the ChartGirl website.
Hilary Sargent, who does business on the Web as Chart Girl, compiled the best early guide to the journalistic mistakes made on the afternoon of April 17, as broadcasters and wire services moved their conflicting and error-studded reports about the status of the Boston Marathon bombing dragnet. At least eight news organizations — including the Boston Herald, the Associated Press, CNN and local station WCVB-TV — reported that either an arrest had either been made or was imminent.
Natural disasters, airline crashes — and yes, terrorist bombs — undercut the normalcy of everyday life by bringing death’s whammy to an unexpected place at an unforeseen time. In the hours and days following such catastrophes, journalists work to restore normalcy to the panicked population by explaining how and why the bad thing happened and how to prevent it from happening again. Reporters have been normalizing the abnormal for so long that they’ve created well-worn catastrophe templates to convey their stories. Yesterday, while covering the Boston Marathon bombing, journalists leaned hard again on those templates.
If the family of nations has ever known a more recalcitrant son than North Korea, journalists have neglected to include it in their pages. No treaty, armistice, agreement, compact, or covenant signed by North Korea can ever be considered a done deal. A North Korean signature marks only a prelude to renegotiation or default on the part of that nation. It’s the sort of country that would phone in an immense take-out order and then, as the delivery man pedaled the bags of food through the Panmunjom checkpoint, would call back to demand a volume discount, stipulate that the meals be placed on a running tab, and then cancel the order before reordering, this time insisting on going off-menu. Upon receiving the check, North Korea would likely torch it.
Like children at bedtime, news consumers love nothing more than to be told the same story again and again. Oh sure, they need the names of the principals to change, the location to vary, and the supporting cast of characters to shift. But the closer the popular press can come to retelling a vital and engaging Ur-tale as opposed to building a new one from scratch, the happier readers tend to be.
I’ve yet to meet anybody who used Google’s RSS Reader more, or pushed it harder than I have over the last eight years. I consult its aggregations on my desktop the first thing in the morning, even before retrieving my four daily newspapers from the curb. Later, like a donkey following a carrot on a stick, I nibble on my iPhone feed as I walk to the subway. At work, I keep Reader open to follow blogs and news and , to the neglect of my children, it has been my steady bedtime companion for some time.