Many newspapers throughout the country have gone out of business due to heavy losses. They blame their losses on the rise of the internet and to some extent we agree, but it also has to do with their non coverage of many types of stories that perhaps they should focus on. For example, John Stewart took on Jim Cramer(To watch the debate Click here) and it made front page news; but the story didn’t focus on what the interview was about, only that it had happened. The front page news was “Cable personalities battle” not “financial news network betrays millions of Americans”. As long as the story in the paper is just on others covering the story there will be a great paper chase. We hope they straighten this out and fast. Another area they can improve (and the NY Times has done this) is to write in great detail stories that can’t be done in 22 minutes cable shows. There is something relevant and traditional about holding a physical newspaper in your hand, we just want the news in it to be just as relevant. |
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Showing posts with label Jim Cramer. Show all posts
Showing posts with label Jim Cramer. Show all posts
Thursday, March 26, 2009
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Tuesday, March 17, 2009
 One of the great Mel Brooks comedies of all times (which makes it one of the comedies of all time), is Blazing Saddles. In that classic there is an unforgettable scene when a Marshall played by actor Cleavon Little is surrounded by the unhappy townsfolk, puts his own gun to his own head and threatens to “shoot the Marshall” (himself). Jim Cramer, visibly shaken went on the Jon Stewart show and he was confronted with a video from 2006 in which he indicated not only that the markets could be unfairly manipulated but he confided that he had done so previously. He seemed shocked that this tape had been found and exposed by Jon Stewart, but with all deference to Mel Brooks this was indeed a “Blazing Saddle moment” because this video exposed Jim Cramer’s duplicity was on a website founded by Jim Cramer. So where Cleavon Little threatens himself, Jim Cramer ambushed himself…some defense, huh? |
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Friday, March 13, 2009
Occasionally we introduce contradicting terms on Faux News (e.g. friendly fire, benign tumor, amicable divorce etc.), but anyone who watched Jim Cramer on the Daily Show with Jon Stewart attempt to resolve, rationalize and explain himself knows that if that had been a fight it would have been stopped before the first commercial break. Stewart was more prepared, more in control, more poised, and as we now see much smarter than Jim Cramer. Stewart said “it would be nice to see you guys giving honest business answers and not be the defenders of Wall St. insiders vs. the 401k people…than I can go back to telling fart jokes”. The Stewart show was prepared with a clip from 2006 showing Cramer talking about doing to the market exactly what he was claiming to be against (cheating, G-d bless interns). The first 3rd was Stewart peking and poking, the second 3rd was exposing Cramers hypocrisy, and the 3rd was Cramer swearing to revise the way he runs his show. Stewart concluded his show by saying “I hope this was just as uncomfortable for you watching this as it is for me saying this”. We salute you John, and we are thankful for people like you who ask the hard questions. | ||||||||||||||||||||||||||||||||||||||||||||
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