News links for 6 Mar 2014
“Marc Andreessen has some outlandish predictions about the future of the journalism business: “I am more bullish about the future of the news industry over the next 20 years than almost anyone I know. You are going to see it grow 10X to 100X from where it is today.” Sorry, but those numbers are crazy town, as Poynter’s Rick Edmonds notes.”
“Ms. Wahl’s resignation comes on the heels of her colleague Abby Martin’s recent comments in which she voiced her disagreement with certain policies of the Russian government and asserted her editorial independence. The difference is, Ms. Martin spoke in the context of her own talk show, to the viewers who have been tuning in for years to hear her opinions on current events – the opinions that most media did not care about until two days ago.”
“Liz Wahl wasn’t just disgusted by the Kremlin-funded TV network’s handling of Ukraine, she says in an exclusive interview. RT’s coverage of the entire world “made me feel sick.””
MUST READ. Links do not equal endorsements, however. “The disintegration of the Soviet Union was not viewed as a defeat by the Russian people, but the west treats Russia as a defeated nation all the same.”
Salaries at large Spanish companies fell 0.7% year on year in January.
Spain sold 5.004 billion euros of bonds in the three to five year maturity with record low yields. Ten year yields are now 3. 356%.
Was Lehman a case of insolvency or illiquidity. I generally believe solvency was the problem. This fact that even unsecured debtors in the UK are being made whole changes the calculus. The US was a wholly different matter though.
“The February ISM Non-manufacturing index was at 51.6%, down from 54.0% in January. The employment index decreased sharply in February to 47.5%, down from 56.4% in January. Note: Above 50 indicates expansion, below 50 contraction. “