Best of the Week
Most Popular
1.Gold Price Trend Forecast, Where are the Gold Traders? - Bob_Loukas
2.Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! - Nadeem_Walayat
3.Betting on President Trump Leaving Office Early, Presidency End Date - Betfair Market - Nadeem_Walayat
4.Why Stock Market Analysts Will be Wrong About 2017 - Clif_Droke
5.Is This The Best Way For Investors To Play The Electric Car Boom - OilPrice_Com
6.Silver Price 2017 Trend Forecast Update - Video - Nadeem_Walayat
7.Gold Price Set For Very Bullish 2017, Trend Forecast - Austin_Galt
8.10 Things I learned From Meetings With Trump’s Transition Team - - John_Mauldin
9.How Investors Can Profit From Trumps Military Ambitions - OilPrice_Com
10.Channel 4 War on 'Fake News', Forgets Own Alt Reality Propaganda Broadcasting - Nadeem_Walayat
Last 7 days
The Mother of All Financial Bubbles will be Unimaginably Destructive when it Bursts - 19th Feb 17
Gold’s Fundamentals Strengthen - 18th Feb 17
The Flynn Fiascom, the Trump Revolution Ends in a Whimper - 18th Feb 17
Not Nearly Enough Economic Growth To Keep Growing - 18th Feb 17
SPX Stocks Bull Market Continues to make New Highs - 18th Feb 17
China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors - 18th Feb 17
Gold Stock Volume Divergence - 17th Feb 17
Gold, Silver, US Dollar Cycles - 17th Feb 17
Inflation Spikes in 2017, Supporting Gold Prices Despite Increased Odds of March Rate Hike - 17th Feb 17
Roses Are Red... and So's Been EURUSD's Trend - 17th Feb 17
Gold Trade Note Sighted - 17th Feb 17
Gold Is Undervalued Say Leading Fund Managers - 17th Feb 17
NSA, CIA, FBI, Media Establishment 'Deep State' War Against Emerging 'Trump State' - 16th Feb 17
Silver, Gold Stocks and Remembering the Genius of Hunter S. Thompson - 16th Feb 17
Maps That Show The US’ Strategy In Asia-Pacific - 15th Feb 17
The Trump Stock Market Rally Is Just Getting Started! - 15th Feb 17
Tesco Crisis - Fake Prices, Brexit Inflation Tsunami to Send Food Prices Soaring 10% 2017 - 15th Feb 17
Stock Market Indexes Appear Ready to Roll Over - 15th Feb 17
Gold Bull Market? Or was 2016 Just a Gold Bug Mirage? - 15th Feb 17
Here’s How Germany Buys Time From China - 15th Feb 17
The Stock Trader’s Actionable Guide to Trump - 15th Feb 17
Trump A New Jacksonian Era? The Fourth Turning (2) - 14th Feb 17
Stock Market Yet Another Wall Street 'Witch's Brew' - 14th Feb 17
This Is Why You Don’t Own A Lot Of Stocks - 14th Feb 17
Proposed Tax Reforms Face Enormous Headwinds - 14th Feb 17
BBC Inside Out Tesco Rip off Offers - Determined to Lose Big Spend Customers! - 13th Feb 17
Is the UK An Economy Built on Debt? - 13th Feb 17
Stock Market VIX Cycles set to Explode in March/April 2017 – Part 2 - 13th Feb 17
Stocks At Record Highs - Will Uptrend Accelerate? - 13th Feb 17
US Dollar: 'Rumors of My Death are Greatly Exaggerated' - 13th Feb 17
Is This The Top Commodity Play For 2017? - 13th Feb 17
Trump a New Jacksonian Era? - 13th Feb 17
Stock Market at High Tide - 13th Feb 17
Channel 4 War on 'Fake News' Ends - The New News Age - 12th Feb 17

Market Oracle FREE Newsletter

State of Global Markets 2017 - Report

At Years End: Look Back At The News of 2012

Politics / Mainstream Media Dec 30, 2012 - 10:19 AM GMT

By: Danny_Schechter

Politics

New York, New York: The TV Networks are hard at work in this last week of the year recapping their best footage to remind us where we’ve been.  Researchers are combing the archives to find the best images for their annual greatest hits “package” which usually ends with a photo-montage driven by music of the politicians, entertainers and personalities who died in 2012.


As we watch, we ooh and ah and remember calamities that struck us like that well-named “Franken (for that movie monster Frankenstein) Storm” Sandy and the shooting of the children at Sandy Hook in Connecticut. They will replay the 2012 presidential elections that bring us to the stalemate we are stuck in,  what’s been labeled the “fiscal cliff.”

Oh, you know what else they will show---the year of I-Phone 5 and I-Pad 3, the Olympics, and Gangham Style. We will hear about Kate Middleton ‘s rise and Whitney Houston’s demise and the ups and downs of the Chinese-American basketball player Jeremy Lin.

When it comes to the world, there will be a reference to the war on Iran that wasn’t, and the war that is ripping Syria apart. We may hear about China’s new leader, the mess in Mexico and Hugo Chavez’s electoral victory and battle with cancer. The deaths in Gaza will be omitted.

There is unlikely to be any mention of the stories chosen by the Miami Herald’s Andreas Oppenheimer who reminds us of a July 16 news report from Kuala Lumpur that negotiations for the completion of the Trans-Pacific Partnership trade agreement, which could become the world’s biggest and most ambitious deal of its kind, could be concluded by October 2013.” What are its implications? Who stands to benefit? Who will lose? That’s not even in the news yet.

Or, “The Nov. 25 vote in Catalonia, Spain, in which about 70 percent of the people voted for parties that support a referendum for independence of the rich northern Spain region, triggering a chain reaction of secessionist moves in the 27-country European Union. Many fear that if Catalonia secedes from Spain, Corcica and the Basque region may seek independence from France, Scotland may split from Britain and Flanders and Wallonia from Belgium, among others. Economic turmoil could be followed by political chaos in Europe.”

All of this was so awful that many us almost looked forward to those Mayan prophecies of the world ending.

Those of us who hoped the Obama reelection might usher in a little more justice and equality remain disappointed. Those of us who longed for a change we could believe in then took to the streets to try to create it,  only to confront the power of the police state---the NYPD, FBI et. al. Only now, with the disclosure of new documents, do we have a hint of how we were spied upon and lied to.

All of our “news” deals with specific stories and events---not trends and less visible forces that drive our economy and political system.  We hear about issues, not interests. The newscasts lack context, background, analysis and interpretation. They are there to dumb us down, not smarten us up.

What the big banks do and don’t do are treated in terms only of discrete deals, not their role as channels of the influence of the one percent. It’s not news when regulators don’t regulate or when industries “capture” the officials meant to restrain them.

Guns in America are in the news, but not our vast armament industry that sells weapons including new drone systems, worldwide. Our country is  always pictured domestically as “the homeland,” a phrase used first in Germany in the 1930’s and in South Africa decades later. We see ourselves a nation while much of the world sees us as an empire.

As for the economy, all the talk of tax and trade policies soar over most  people’s heads as the business publication Wealth Daily reports in warning that major pay cuts are coming:

“Now that the very basic taxation and revenue proposals are converging in the fiscal cliff talks, politicians are fielding some entitlement program revisions….
The changes are seemingly minute. On paper, we're just going to have an even exchange between obscure equations that are basically similar.

But that's the whole point: If the general public can't understand it, they don't pay attention to it. If they don't pay attention to it, they won't punish politicians for it.”

The odds are that that the Libor conspiracy that manipulated trillions will be overlooked. Too hard to explain in ten seconds!

Increasingly, the most important underlying issues are found in the movies, in fiction, not “faction,” and certainly not on TV News.

In theaters now, we have a choice between two views of the impact of slavery in America: Spielberg’s Lincoln and Tarrantino’s Django Unchained. One focuses on corrupting the Congress to outlaw slavery and the other on the brutality of slavery on the slaves. The former traces a top-down reform as a mater of Constitutional theory, the latter, shows a bottom-up armed revolt against ugly racism.

The movie version of the musical, Les Miserables, tells the story of the failed French Revolution in song, its barricades, not its values. Argo, meanwhile,  briefly cites the reasons for the Iranian revolution but then celebrates the role of the CIA in rescuing Americans from it while reinforcing American hostility.

The film Zero Dark Thirty shows how the CIA tortures far more graphically than TV News ever did, but, then, it turns a pretty CIA analyst obsessed, not with capturing bin Laden but killing him, into a hero.

The movie doesn’t have the guts to condemn state supported death squads and torture explicitly, and may even got the story wrong because what they call  “enhanced interrogation” was not the critical element in finding him according to the CIA itself, US Senators and many experts. One interesting casting choice was to have the actor who played Tony Soprano, the mafia boss, on TV, to portray Pentagon chief Leon Panetta.

This holiday season is not a very cheery time in America what with a political stalemate in Washington, parents mourning the deaths of young children slaughtered in their classrooms, storms savaging the Mid West and East, and the certainty of a  less than rosy future awaiting us in the next year where the only option seems to be  more austerity at home, more foreign intervention in wars abroad, and talk of a new global recession.

If there is a “zeitgeist, it’s not one of optimism. This is an angry and deeply polarized country in a world that seems to be imploding.

News Dissector Danny Schechters film and book Disinformation. For more information, Http://www.plunderhecrimeofourtime.com.

News Dissector Danny Schechter has made a film and written a book on the “Crime Of Our Time.” (News Dissector.com/plunder.) Comments to dissector@mediachannel.org

© 2012 Copyright Danny Schechter - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife