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Nine States Face Economic Contraction, Most Since 2009 Crisis

bloomberg.com

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Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#71

Post by rtkwe »

throwno wrote: post #63
wozniacki wrote: post #10

Earlier quoted context omitted.

He's been doing this since atleast 2016. I wouldn't rule out he having sights on a presidential run since atleast then. He did form an exploratory committee once before and abandoned the run when it showed he didnt have enough support.[1] [2] Stocks keep climbing and climbing, but Michael Bloomberg isn't sure why. "I cannot for the life of me understand why the market keeps going up," the former New York City mayor s…

It's comical how Bloomberg wouldn't get into the race until Warren polled higher than Biden for two days. Even a tiny chance that a wealth tax could happen was enough for Bloomberg to commit to the race. Haha.

It certainly feels that way. Honestly though I'm not sure if his goal is for a moderate nominee that joining the race is the way to do it. Seems much more likely to me he'll peel some support away from Biden rather than actually decreasing support for Warren/Bernie/et al.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#72

Post by whatshisface »

Dirlewanger wrote: post #35
rjtavares wrote: post #7

Earlier quoted context omitted.

Honestly, I assume all media outlets have ulterior motives behind each article (ranging from the simple "catering to their specific audience with facts supporting their view" to more nefarious "willfully manipulating the people with falsehoods").

A good start would be to ban wholesale both Bloomberg and Washington Post articles from HN. Nothing from those publications should be trusted.

Even in the most extreme possible case where the WaPo is an outlet for Jeff Bezos' personal opinions, is it really the case that Jeff Bezos couldn't have anything interesting to tell us? One billionaire-owned newspaper isn't that bad on its own, because the other newspapers can still report on the owner of the one. What's really scary is when the billionaire owners go golfing together, which would be a failure of the system that banning a couple publications couldn't help us with.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#73

Post by Andrex »

barrygwn wrote: post #6

Now that Michael Bloomberg is running for president, I can't help but question if there is an ulterior motive behind each article at Bloomberg.com

Bloomberg.com's reputation has yet to recover from The Big Hack non-retraction. Until they speak publicly about it, I consider them the same tier as toilet paper.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#74

Post by jdhn »

jeffmk wrote: post #67

1. West Virginia 2. Pennsylvania 3. Delaware 4. Montana 5. Oklahoma 6. Vermont 7. New Jersey 8. Kentucky 9. Connecticut

I'm not too surprised by the makeup of this list. West Virginia and Kentucky are resource extraction states that are primarily focused around coal, and Oklahoma is focused around oil & gas. New Jersey and Connecticut have high taxes, and are having a wave of retirees leave and take their spending dollars with them. Vermont has very low population growth and is also facing a demographic issue just like Jersey and Connecticut.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#75

Post by romaaeterna »

troydavis wrote: post #60
romaaeterna wrote: post #53

Earlier quoted context omitted.

The URL on Daily Mail that you cite has "factcheck" in the domain name and calls itself "The Most Comprehensive Media Bias Resource". It has no about page and is exactly the sort of URL that I'd expect to get emailed from my impressionable 78-year-old mother.

Fair point. https://www.theguardian.com/technology/2017/feb/08/wikipedia... is probably a better summary of how Daily Mail is perceived. Wikipedia prohibits its use as a source, explaining: "volunteer editors on English Wikipedia have come to a consensus that the Daily Mail is ‘generally unreliable and its use as a reference is to be generally prohibited, especially when other more reliable sources exist.’" They cite…

The Guardian article you link is simply reporting on the Wikipedia vote from a couple of years ago. Wikipedia keeps a unreliable sources list, and a perusal of it will show you that it's not an impressive exercise in fairness. In fact, Wikipedia's fairness standards are somewhat notorious.

As a minor funny/sad side point to all this, Peter Hitchens over at the Mail on Sunday -- owned by the Daily Mail, but with a separate editorial team -- has complained frequently about his Wikipedia page being defaced by this very policy. Apparently some enterprising editors thought that it was their duty to remove all Hitchens quotes from the article because his articles had appeared in the Mail on Sunday, and was therefore an "unreliable source" despite being a quote of what the man said. What a shitshow!

My own guess, as a sometimes Daily Mail reader from the States, is that the "unreliable" thing is simply a talking point somehow related to UK politics. The Daily Mail has a severe sensationalist bias, but their reporting is often quite good, and they have more than their fair share of scoops.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#76

Post by jxramos »

I'm always leery when media begins to tout a new word. Maybe economic contraction has some history to it and a precise definition, but maybe its being coopted or is void and ready to fill with whatever new line of rhetoric we will soon be assaulted with.

Would be great to have a headlines database to see trending terms and when something is really unprecedented in headlines.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#77

Post by swebs »

jdhn wrote: post #74
jeffmk wrote: post #67

1. West Virginia 2. Pennsylvania 3. Delaware 4. Montana 5. Oklahoma 6. Vermont 7. New Jersey 8. Kentucky 9. Connecticut

I'm not too surprised by the makeup of this list. West Virginia and Kentucky are resource extraction states that are primarily focused around coal, and Oklahoma is focused around oil & gas. New Jersey and Connecticut have high taxes, and are having a wave of retirees leave and take their spending dollars with them. Vermont has very low population growth and is also facing a demographic issue just like Jersey and Conn…

Pennsylvania is also a huge producer of coal and natural gas. I believe northern New Jersey produces a lot of coal as well.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#78

Post by pjc50 »

smileysteve wrote: post #58
Dirlewanger wrote: post #35

Earlier quoted context omitted.

A good start would be to ban wholesale both Bloomberg and Washington Post articles from HN. Nothing from those publications should be trusted.

> and Washington Post Is Jeff Bezos running for Political office too? You just moved the line from running for Presidential party nomination, skipped over mayor of major city, and jumped right to billionaires. Add on; If all of a sudden you can't be wealthy and own (part of?) a media company, it really hurts the quality of journalism; you'd be left with small town or independent blogs; more susceptible to fake news -…

On the contrary, the media consolidation that has left papers in the hands of a few individuals has been tremendously bad for journalism. The only safe types are either diverse private ownership (more than two owners) or blind trusts. Yes, this rules out a lot of existing news outlets.

Virtually all the UK papers are now narrowly owned by individual billionaires whose agendas are very visible in the paper.

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#79

Post by mywittyname »

jeffmk wrote: post #67

1. West Virginia 2. Pennsylvania 3. Delaware 4. Montana 5. Oklahoma 6. Vermont 7. New Jersey 8. Kentucky 9. Connecticut

All states whose major industries that have suffered from recessions in the past year. Agriculture, mining, transportation, utilities, and certain manufacturing areas have been hit by hard over the past few years.

The reason the "economy" is still doing well is because these are a very small percentage of the economy. The entire agriculture industry is literally a rounding error compared to the major sectors. These industries could disappear and the "economy" would still look good by GDP.

https://apps.bea.gov/iTable/iTable.cfm?reqid=51&step=51&isur...

Re: Nine States Face Economic Contraction, Most Since 2009 Crisis

#80

Post by russler23 »

troydavis wrote: post #37
russler23 wrote: post #30

Earlier quoted context omitted.

Of the four sources posted, only the Mail did the work of getting quotes from Bloomberg reporters. That alone gives it more credibility on this story. The other sources have to editorialize, because they don’t contain original reporting. (NPR features some hot takes from uninvolved parties, which is what reporters do when they can’t get a direct quote.) The Daily Mail has the best reporting on this story.

> The Daily Mail has the best reporting on this story. I respectfully disagree, but I think anyone who reads the stories can decide for themselves. I agree that it's interesting that Daily Mail texted reporters (or as they wrote, "DailyMail.com's anecdotal sampling of Bloomberg reporters' opinions shows scattershot unease but no willingness to contest the company policy"). I think the 2 opinions I linked to are far m…

Reporting is facts, quickly. Editorial is issues, thoughtfully.

Further down in the article was both a quote from a Bloomberg reporter and a statement from Bloomberg Business News. They got the scoop, as they say.

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