Media Discussion - 2023/24

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Just reading an interesting story in the Financial Times about the claim that came from research by two US law professors that some traders shorted Israeli stock before the Hamas attacks, suggesting that they had advance knowledge of the October 7th attacks. The media were all over this, assuming the research was accurate.

But it wasn't. The researchers hadn't realised that Israeli stock market quotes are in the equivalent of pence, rather than pounds. So if a stock lost 10p a share in value, they took it as £10 per share, thereby hugely exaggerating the actual monetary losses, i.e. by a factor of 100. There were other mistaken assumptions as well.

The media not only applied no filter to this "research" but amplified it. That's what they routinely do, even (sadly) the BBC. A casual or slightly sarcastic, but humorous, remark by Pep will be blown up into an insult, as we've just seen.

Here's what the rag lickspittle Luckhurst wrote in his self-justifying piece after he was banned "As a colleague who was granted entry at Carrington on Tuesday told Ten Hag, journalists "don't just make things up"."

Er - yes you journalists fucking do, as long as it'll get you clicks.
 
The same nation state that bailed out Barclays unlike a series of US bankers who caused the crisis in the first place

Any chance of a decent image of his spitting misdemeanor to store for future reference, the one on here is ok for now.
 
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