Broadcasters that are running hoaxes and news distortions - also known as the fake news - have a chance now to correct course before their license renewals come up.
The law is clear. Broadcasters must operate in the public interest, and they will lose their licenses if they do not.
And frankly, changing course is in their own business interests since trust in legacy media has now fallen to an all time low of just 9% and are ratings disasters.
The American people have subsidized broadcasters to the tune of billions of dollars by providing free access to the nation’s airwaves.
It is very important to bring trust back into media, which has earned itself the label of fake news.
When a political candidate is able to win a landslide election victory after in the face of hoaxes and distortions, there is something very wrong. It means the public has lost faith and confidence in the media. And we can’t allow that to happen.
Time for change!
@CliffordAsness TY!Just added Tax-Adv-glob-Eqty: long time Delta and Style Prem investr. concern=delta. Do hedge fund betas exist across so many strategies?
@lindacbugg@Reddy@JohnJHarwood@bjlefebvre Hi Linda - I never said anything negative - or anything at all - about the former First Lady’s travel - nor would I - I merely took exception to the outraged reporting on a 6K expense -the criticism seems disproportionate - and I do admit to having great admiration for Zinke
@ClaireBerlinski Claire - as a father of four - including 2 girls - that I love more than life itself - I value your perspective! I want them safe but this guilty til proven innocent witch hunt around SH is becoming Mcarthyesque in the extreme. For my 2 honorable sons - I fear for them. TY
@Reddy@JohnJHarwood@bjlefebvre Ex Navy SEAL commander who has sacrificed more for this country than almost any other - 6K? - are you kidding me? Given what he’s been through? You should be ashamed of yourself. He’s done more for this country in one week than we’ve done in our lifetimes
@bethanyshondark@CliffordAsness Lifelong republican but as a father of four young kids I was proud of his example how he comported himself as a husband and father and the class he represented the US. He was also deliberate in his decision making- he studied the issues. I hated his policies but I respect the man
@BruceFeldmanCFB Wow 1 and done - this absolutely devastates Duck football. Where is the sense of any honor or commitment ? All the good coaching prospects are taken our incoming recruiting class will fade. Coach Taggart has done enormous damage to Oregon athletics
@CliffordAsness@RayDalio Hmm amongst all the wailing and gnashing of teeth on the left - none are proposing reforming state finances by say modifying public sector pensions - but it would be horribly unfair if teachers and prison workers couldn’t retire at 55 at 90% of their final year salary. Heartless
@vpostrel@hamandcheese I live in San Francisco - always a head scratcher to me - the liberal elite in the city who never cease decrying the lack of affordable housing are the same folks who aggressively enforce the most restrictive building and zoning laws imaginable.
@TimFlannery2 I’m GOP but I voted for Clinton. I agree with you re this administration. as a father of 4 , I’m really conceded about the debt we’re leaving future generations - well over 2/3 Of the budget is entitlements. Something needs to be done. Thanks, Coach love your work in the booth
@TimFlannery2 Tim - the average retiree takes out 200K more than they pay in in Medicare & SS - you talk about concern for grandchildren - we are running up huge bills for future generations to pay for. If we really care - we should be reforming entitlements not demonizing those efforts
@extrabaggs Under this new tax plan - NY, MA, CA massively disadvantaged - TX, FLA, etc - hugely attractive. These are not small sums - these are massive millions. Are the Bosox and the Giants etc really ready to pay the huge incremental amounts necessary to make guys whole?
@JohnJHarwood John you don’t even try to be objective - I live in CA I work for a bank - with SALT deductions going away - I have a huge tax increase. Try to be a little intellectually honest. Clearly not easy for you
@CathyYoung63 I hear he answers his own phone in the WH: Ring Ring “Commander and chief here. Time Magazine! I was expecting this call - man of the year you say? Actually would have loved this but I’m late for some really quick golf with my boys DJ and Tiger”
@pcon34 Pcon - the untold story is the inexplicable firing of last year’s OC - Bill Musgrave - why isn’t anyone talking about this? Everything went to shat offensively post Musgraves exit.
@CliffordAsness Thanks, Cliff, the same Malthusian arguments that have been wrong for centuries. Overpopulation?! Birth rates aren’t even at replacement levels for much of the world. Let’s see how Travis likes his golden years it when the worker to dependency ratio goes to 1