Newspaper Ethics Roundup 6/30/10

Loren Steffy wonders if British Petroleum naming a drilling rig, Crazy Horse (not the smartest move), decided to misrepresent to the tribes in Colorado the amount of oil it was getting out of the ground.

Jon Talton explains how the loss of manufacturing jobs makes the recovery more difficult and may cause long term damage as our position as a manufacturer deteriorates as opposed to other powers such as China.

Keith Chrostowski writes about creative capitalism.

Jay Hancock discusses the importance in the electronics field of an excellent knowledgeable sales force (particularly if you fired the ones you had).

Edward Lotterman discusses “external costs” and “imperfect information.” These are important and basic economic concepts. He discusses them accurately, simply and in a straightforward manner. If you read any of these pieces, read this one.

David Moon explains scientific research into where in the brain investment decisions are made and why we like to agree with others.

What’s The Verdict – Financial Reform?

Loren Steffy of the Houston Chronicle writes, “Most of the provisions that would have forced Wall Street to change its ways were compromised out of this law weeks ago.”

John Talton of the Seattle Times chooses this title: Financial ‘reform’: Big bankers cry all the way to the…

David Moon writing from the Knoxville Biz entitled his blog entryFinancial reform is a political charade. The rest of the article is even tougher.

I was looking at this newspaper’s web site and discovered they had no new column on the financial reform disaster but they did make an excellent prediction and for that I must honor them. Read below.

In its June 23rd editorial, the St. Petersburg Times said, “Congressional negotiators have a choice as they hammer out the final details on much-needed financial reform. They can stand for financial reform with real teeth and stand up to the pressure of the banking lobbyists. Or they can bow to those deep-pocket financial interests that have sponsored more than 800 fundraisers over the past year for members of the congressional banking committees. A weak reform bill that offers too little oversight and too many loopholes would not be in the nation’s best interest.”

I will follow up with more newspaper comments. I have looked at a dozen newspaper business pages after checking the ones above. It appears that the editorial pages have not caught up with the news. So, I will return to the subject probably on Monday.

James Pilant

Newspaper Columnists I Follow

FThese are my current choices among newspaper columnists. There are going to be a lot of changes over time. It’s taking me a lot of reading to find authors who delve into ethics (which I believe includes reporting and explaining evil doing with a requisite level of outrage). Some that at first appear to be promising turn out to be less than level headed if read for a length of time. Each columnist, once discovered, is favorited to an intermediate category and only moved to my regular reading after a period of probation. I was writing one of my regular recommended authors when I pointed out that I seldom criticize and my writing tends to be very complimentary. So, I wanted him to know that I don’t like to hurt people’s feelings (there is little people are more sensitive about than their writing) and bad writing carries its own reward. If I find writing offensive, incompetent or crankish, it gets deleted from my favorites never to be seen again. I think that counts as criticism.

MY CHOICES
Mitchell Schnurman of the Fort Worth Star Telegram.
Loren Steffy of the Houston Chronicle (He has a Blog and a column.)
Jon Talton of the Seattle Times. His column is called, Sound Economy.
Keith Chrostowski of the Kansas City Star.
Jay Hancock of the Baltimore Sun. (He combines the occasional item related to ethics with consumer advocacy on consumer and sometimes very local issues, so he will only appear when I believe he is on point.)
Edward Lotterman writes for Twin Cities Pioneer Press.
David Moon writes for the Knoxville News.