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Credible news sources and the estate tax

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  • Credible news sources and the estate tax

    USA Today is usually something I pick up for a laugh and to see what the conventional wisdom is doing (WorkingStiffTM Edition), but it got me thinking about recent comments that basically call some sources (The New York Times, CNN, The HuffingtonPost) too liberal to be credible and some (The Wall Street Journal, FOX News, Townhall.com) too conservative to be credible.

    Can there be any agreement on a US news source that is credible to all sides?

    I'm hardly offering up USA Today as a shining example of fair and balanced journalism, but it did get me to thinking. Are we headed for a UK model wherein all the press in biased, but at least you know which way, or can the be comment thought on sources credible to (nearly everyone)?

    (Quick shoutout to Reggie who will find the very question dripping with the venom of a deeply leftist plot. Reggie, that was supposed to be funny :-)

    Here's an example from today that I thought was useful, although it bends toward my way of thinking. (I haven't owed taxes in years, and the beneficiaries of my willshould expect to be affected by the estate tax, but I support a lower exemption, like maybe a million bucks.)

    Mickey Mouse, the estate tax and me
    http://www.usatoday.com/news/opinion...umn31_ST_N.htm
    Last edited by Jeff; 08-31-10, 10:22 AM. Reason: spelling and grammar
    "The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little." - Franklin D. Roosevelt

  • #2
    Re: Credible news sources and the estate tax

    I thought the USA Today was only distributed in hotels. (A Captive Audience- )

    On a serious (semi-comical ?) note the 'paper' plans on reinventing itself as an online daily. A good fit as the internet becomes the new TV.

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    • #3
      Re: Credible news sources and the estate tax

      Don't see it -- and the internet exacerbates it. I try to find an amalgamation of newsfeeds that I think is reasonably credible, but I also drop by quite a few online papers (and some overseas) to try and build a credible view.

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      • #4
        Re: Credible news sources and the estate tax

        Originally posted by Jeff
        Can there be any agreement on a US news source that is credible to all sides?
        For me, the answer is "no".

        Only specific articles in which the author's background and interests are clear, and which in and of themselves are thorough, dispassionate, and factual can be deemed credible.

        Any attempt to convey a similar "stamp" to an entire organization just sets oneself up to be disinformed; every news source no matter how motivated has subconscious as well as conscious biases.

        The USA Today article is a good one - I respect that someone directly affected by the estate tax would be in favor of it, and her reasons for doing so.

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        • #5
          Re: Credible news sources and the estate tax

          Originally posted by Jeff View Post
          I'm hardly offering up USA Today as a shining example of fair and balanced journalism, but it did get me to thinking. Are we headed for a UK model wherein all the press in biased, but at least you know which way, or can the be comment thought on sources credible to (nearly everyone)?
          Unfortunately, all MSM sources in the UK are biased to the Left so that does mean you are moving in a similar direction. It seems like only the Israelis are willing to produce hard-nosed journalism these days. I give you The Jerusalem Post.

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          • #6
            Re: Credible news sources and the estate tax

            Jeez, not to be an advocate of USA Today (yes, I'm staying in a hotel and received it free) but today is a perfect example of a truism I've been using for years:

            In important terms of economic news you need:

            USA Today lets you know what you should have done a few years ago.
            The New York Times lets you know what you should have done a few months ago
            The Wall Street Journal lets you know what you should have done a few weeks ago.
            iTulip lets you know what you should do know and in the future.

            Also reminds me of advice I used that give that mostly just got me a dumb look, "I never buy publicly traded stocks. But I sell alot of them." Too bad the "accredited investor" laws make it so hard for most people to do.

            Here's "breaking" economic new for the riffraff from USA Today:
            Could investors fleeing stocks become a lost generation?
            http://www.usatoday.com/money/perfi/...ion02_CV_N.htm
            "The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little." - Franklin D. Roosevelt

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            • #7
              Re: Credible news sources and the estate tax

              maybe this is why I no longer read newspapers, but depend on the net and "news aggregators" for my news...

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