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Newsweek’s Daniel Gross explains the Consumer Price Index (here’s the official BLS site) in a very simple video. I could do without the goofy sound effects, but it’s a good, 2 minute explanation of how the government tracks inflation.

Per David Simon’s Berkeley talk, though, the video doesn’t go into why this matters. Perhaps they’ll cover that in the next installment of the Economics 101 series.

(via @newsweek, Newsweek’s Twitter feed)

2:42 pm | leave a comment
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Before I say anything else, watch this:

So, what did you think of the ad?

Well, NBC has refused to air it because it deals with “public controversy.” Weinstein plans to take legal action, though I’m not sure how or on what grounds. We’ll have to see if that ends up materializing.

We ended up in a rather long and heated discussion at work about the controversy that prompted the movie. You might remember in 2003, lead singer Natalie Maines said to a crowd in London, “Just so you know, we’re ashamed the president of the United States is from Texas.” The overreaction from holier-than-thou country music fans was swift and harsh.

Cumulus Broadcasting pulled their music across the network, and Clear Channel stations organized protests where people were encouraged to stomp on, burn, or destroy Dixie Chicks CDs and memorabilia. It was pretty ugly stuff.

It was this participation by the larger media companies that prompted our discussion. Specifically, we debated whether anyone should be upset by the actions taken by NBC or by the radio stations in 2003. After all, the radio stations and these networks are simply making profit decisions. If the decision isn’t the one that will make them the most money (or it angers customers directly), the market will let the stations and networks know by taking their money elsewhere.

Second, is there anything wrong with the radio stations simply doing whatever they think makes the most business sense for them? If they want to avoid upsetting the administration because it makes business easier, then so be it. They have that right, as they have the right to do what they want with their own stations.

Those that know me will know that while I appreciate the sentiment in those thoughts, I couldn’t disagree more. The idea that markets are self-correcting is fine, but markets often don’t consider externalities until the cost of dealing with them is acute. To look back at 2002 and 2003, market-driven media brought us the poor journalism surrounding the lead up to the Iraq War. Very little media sought to anger or alienate a President riding a big popularity surge. It is also cheaper to simply report what the government says rather than doing actual investigation.

Beyond that, however, people can and should make moral judgments about why these companies chose to pull the music or reject the ad for the movie. This is not to say that laws should be created to compel these networks to air songs or commercials they don’t want to. Instead, the public has a right and obligation to inform the company of their displeasure and to either convince the network to make the “better” decision or to help change circumstances so that the “better” decision is the natural choice for the networks.

For example, in the case of this commercial, if NBC was standing up for some principle or for a real business case where their customers (advertisers) would really take their money elsewhere, that would be unfortunate but morally neutral in my opinion. Companies try to make money and listening to the people that give them money is a natural thing. It’s a mantra of business, after all.

On the other hand, there are situations like this:

The studio provided media outlets copies of “clearance” reports from NBC’s standards and practices department bearing handwritten notations stating the ads were deemed unacceptable because “they are disparaging of President Bush.

To me, that represents a different choice, not one born of business or customer needs, but by fear of retribution or by political considerations outside of this particular transaction. In either case, that is a failure of a free press and NBC should be criticized for this. I’m sure that the market might end up costing NBC something, but the reality is that the market will reward the Dixie Chicks and NBC will see no lasting impact. They will sell their inventory to someone else, and they’ll hardly look back at this.

The background upon which this entire story is unfolding also has to play a part in our judgment of what NBC is doing. There have been numerous examples of our media protecting the administration and Republicans. The bias is undeniable and is unprecedented in our modern history. Imagine if President Clinton were protected and coddled by the media as much as President Bush?

That alone isn’t reason to criticize NBC, but it is reason to be concerned that more is going on here than a simple business decision. It would be great to see some actual reporting on this. Unfortunately, if there is something that the media is bad at, it’s self-examination. Without critical journalism, we’re relegated to having public outrage drive the day. In fact, without concerned citizens asking the next level of questions, where would we be?

Glenn Greenwald has more on the issue, including other pointers on Bush administration voodoo over the media.

Click through if you want to see the full trailer.
(Click here to read the rest of this post)

9:25 pm | leave a comment

I can’t really excerpt a good part because the story is complicated. I also haven’t been able to read all the supporting links (there are a ton). I’ve read enough to believe it’s worth passing on, though.

(via Jesus’s General and Atrios)

11:22 am | leave a comment

excerpt:

Arethas isn’t the only student to be disciplined for what he posted to his MySpace profile. The past few years have seen an explosion in the number of schools taking to the Web to find out what students are saying and doing. And punishment has followed, from a Pennsylvania school that suspended one student for creating a parody MySpace profile of his principal to a California school that suspended 20 students simply for viewing one student’s MySpace profile, which contained threats against another student. And some public school systems, like Illinois’ Community High School District 128, are even taking steps to monitor everything their students say on sites like MySpace. According to the Chicago Tribune, under new guidelines, students who participate in extra-curricular activities will need to sign a pledge in which they agree that the school can discipline them if it finds evidence that they have posted any “illegal or inappropriate” material online. Even some police are beginning to patrol MySpace, seeing the site as an effective tool for catching teenage criminals.

9:22 am | leave a comment

Sure looks like it. (via Atrios)

11:39 pm | leave a comment