Showing posts with label financial media. Show all posts
Showing posts with label financial media. Show all posts

Tuesday, February 23, 2010

ODT does the Business





Heads up for the Otago Daily Times business section. I have been too lazy in the past to make my way over there, focused instead on NZ Herald Business and Stuff Business pages and Googling.

I have heard that it is a good business read. Guess what, it is.

More stories, better analysis and less uneducated opinion in their business news stories.

With the possible exception of the National Business Review (a mainly subscription offering), the ODT should be the destination for your daily business news fix for New Zealand business news and commentary if you want to keep in front of your competition.

I am making it mine from now on.


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ODT Business

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The Wall Street Journal (6-month subscription)The Wall Street Journal (6-month subscription)
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Wednesday, March 18, 2009

Jon Stewart VS Jim Cramer: Full Interview Video & Commentary

The following is the full (unedited) interview of Jim Cramer by Jon Stewart on his Daily Show originally broadcast on 12 March 2009.

It is in three parts, part one is below, then part two & part three.




If you have been following the stoush between CNBC's Jim Cramer and Comedy Central's Jon Stewart you will know it culminated in a rather bizarre interrogation of Cramer by Stewart on his Daily Show last week.

Stewart really gave it to him with both barrels.



Jon is a loony lefty but the interview is a cracker nonetheless.

The argument that Stewart put was basically that CNBC and business channels like it have been easy on the financial sector, don't ask the hard questions and do so because it is in the broadcaster's best interest to soft peddle their guests because it means more advertising from the likes of the very people that they are cosy with.

This has of course been exacerbated by the financial calamity we have had over the last few years and the fact that Jim Cramer and his ilk never asked the hard questions over the various banking collapses and financial skulduggery that has enveloped American business of late. Even when interviewees have knowingly lied to him he never thought to question them over their untruths.



Stewart also asked whether channels like CNBC were more a self interested group for business leaders to get their point across rather than there to inform the basic Joe on the street that they really should be there to inform the public, making a point that if CNBC were such financial experts then why didn't they inform the public of an impending financial collapse rather than continue to just spruik listed company managers and their companies to an unsuspecting sucker public.

Stewart put these questions to Cramer but was unable to get any more out of him than, "I will try harder..."

Watch the interview, it is priceless.

In New Zealand rather than ignorance our financial media suffer from incompetence, I'm not sure which is worse.


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60 Minutes - Jon Stewart (October 24, 2004)60 Minutes - Jon Stewart (October 24, 2004)
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