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Current Issue: Volume 34, No. 2, Week of September 28, 2008
Previous Issue: Volume 34, No. 1, Week of September 7, 2008

 

We're All to Blame

Accountability. We are each accountable to the other in building and strengthening the community in which we live and thrive.  jeanne.

We are also to blame, those of us who stand by without raising their voices against injustice,
those of us who ask not when they see results they know seem unjust.
Our Country is ours, not only to thrive in, but to raise our voices for when need be,
not in anger, but in good faith efforts to make healthy choices that will permit our communities to thrive. jeanne

 

California State University, Dominguez Hills
University of Wisconsin, Parkside
Created: September 3, 2008
Latest Update: October 5, 2008

E-Mail Icon jeannecurran@habermas.org
takata@uwp.edu
patriciaacone@yahoo.com

Topic of the Week:

The Media Are Offering Responsibility and Accounting for Truth. ARE WE?

  • Introduction

    The media have taken seriously our complaints about biased or incomplete reporting on candidates and issues, and are trying to help us check the facts as they appear in political advertisements and debates. Support the effort. Check out the links and sites at FactCheck.org.

    "It's Judgment Day for McCain," By Thomas Frank, The Wall Street Journal, September 24, 2008.

    Video I'll have to check this out. Will do as soon as it cools down. jeanne

    Planning to put up more material on It's the Fault of All of Us later today. jeanne October 5, 2008.

References:

    Talking Politics in the Office, By Lisa Belkin, New York Times, October 2, 2008, at p. E2.

    "You’ve heard that rule about never discussing politics at work? That’s so last election. These days, you would think that political talk was a job requirement. A survey at the start of the primary season by Office Team, a staffing agency based in Menlo Park, Calif., found that 67 percent of the 522 workers polled thought it was just fine to discuss politics in the office.

    " . . .

    "So, if the old way (say nothing political) is outdated, and the new way (say anything) may be offensive, what are the rules?

    "A few are legal, experts say. An employer may not pressure his employers to support, donate to or work for a particular candidate. Freedom of speech does not apply to a slogan-spouting worker whose boss asks him to avoid office political talk — as long as he is asking the same of other employees.

    The rest is common sense. Jamie and Maren Showkeir, consultants specializing in workplace culture, and the authors of the book “Authentic Conversations: Moving from Manipulation to Truth and Commitment,” have some tips on what to avoid when engaging in political conversation in the office: don’t assume your co-workers share your political views and opinions; don’t abuse your power or position, avoid making politics personal; discuss rather than debate; and try to find common ground.

    When political talk at work goes well, it can be everything conversation is supposed to be — an exchange of ideas that can result in illuminating moments for both parties. Anthony Commisso, who runs a formalwear shop in Latham, N.Y., had such an exchange with his newest employee, who is still a college student. Mr. Commisso said he tended to keep his opinions to himself in front of his customers, but his new employee was less reticent, and started sharing her political thoughts with a prospective bride and groom who were in the store to rent a tuxedo.

    “Obama was too inexperienced and McCain had been around for so long he’ll know how to get it done,” Mr. Commisso recalled her saying.

    Instead of lecturing her on keeping quiet in front of the customers, he joined the conversation. He reminded the young woman that while the man who had the job before her was, at 49, more experienced, and she was barely into her 20s, he “didn’t last a year” in the position, and here she was, practically running the shop. They have discussed — but not argued about — politics many times since then.

    That is how it should be done, quietly and politely. So go off and play nicely. And remember to vote, or you don’t get to come into work on Nov. 5 and complain about who won."

    From Talking Politics in the Office, By Lisa Belkin, New York Times, October 2, 2008, at p. E2. Consulted by jeanne in print, then online on October 2, 2008.

    Lisa Belkin's article offers in the first paragraph quoted here some statistics to validate the changing norms. Habermas must be as happy as I am that patterns of discourse are beginning to reflect something more substantive than the weather and who's dating or not dating whom. But would you believe that I came across this article this morning in the Thursday Styles Section? This is way more than styles, folks. If we don't start talking seriously about this stuff, I'm tempted to say we're going to deserve what the "criminals" on Wall Street are doing to us.

    Yeah, several commentators are referring to the Wall Street debacle as "criminal." And with good reason. In the law, we consider that being negligent (Not knowing what's really going on in your markets is negligence, when that's your job.) without consideration for the harm it can do others to whom you have a duty (like the fiduciary duty to protect the financial interests of another) is a crime.

    If the guys whose job it was to protect and advise us financially misread the markets, doesn't that suggst that reading the markets isn't as simple as it's cracked up to be? Does that excuse them from asserting with confidence and arrogance that "they know"? - consider the arrogance of knowledge here - and what does that suggest for the tremendous recent push to take social security private? meaning that we could have lost our whole investment if we bet wrong or were advised by a "financial specialist" who bet wrong. What does this tell us about where risk belongs, and about who should be allowed to bet on our futures.

    No, I don't have the answers. Would that I did. But, wow, do I have lots of questions. Hope you do, too. Especially, now that it's OK to talk about it all. Oh, and please don't forget about the humility of knowledge. Respect the Other. No one really knows who's going to have the next big brainstorm, as Einstein did about relativity. Einstein flunked math when he was in school. You can't necessarily tell who's brainstorm will pay off.

    love and peace, jeanne

    Announcements:

    Issues

    • Terms To Understand the Current Financial Crisis

        Mark to Market What?

        "What do accounting rules have to do with the mortgage mess? It all revolves around a concept called mark-to-market. The Senate version of the bailout bill that was passed Wednesday night and is being considered by the House calls for suspending the rule as a way to help prop up the financial system: Give banks a break by letting them value their bad mortgage assets at a price they could fetch later, not now. "It's easy to understand how it works if you think of a trading account. At the end of the day, all the investments are priced at the closing price. Your account is marked to the market price. "If you're trading on margin and the stock falls, you might be asked to come up with more money to maintain your position. If you paid in full for the stock, those closing prices let you total up your paper gains or losses. "Now apply those rules to the mortgage markets -- and to the financial institutions that hold mortgages or packages of mortgage loans. There is no daily trading market to set the price value of those loans. And because most of those institutions planned to hold on to those mortgage investments until all the loans are repaid, the banks and funds don't think they should be marked to the market price. What market price anyway, they ask. "But accounting rules say those mortgages must be priced daily. And if some institution, such as WaMu, is forced to unload investments at fire-sale prices, then everyone else must mark down the value of their mortgage investments. "And when the investments lose value, the banks must come up with capital -- by selling stock or finding a rescuer. So they're arguing that the SEC should do away with mark-to-market, since the market isn't realistic anyway -- and most of those mortgages will eventually be repaid."

        From Mark to Market What?, Chicago Sun-times. October 3, 2008 BY SUN-TIMES STAFF. Consulted by jeanne on October 5, 2008.

        Don't Blame Mark-to-Market for Banks' Problems: Jonathan Weil Commentary by Jonathan Weil. Consulted by jeanne on October 5, 2008.

        The Mark-to-Market Melee By Daniel Gross. Slate. Is an obscure accounting rule to blame for the credit market meltdown? Posted Tuesday, April 1, 2008, at 5:53 PM ET. Note the date. Consulted by jeanne on October 5, 2008.

      • Tipping Point

        Pressured to Take on Risk, Fannie Hit a Tipping Point. By Charles Duhigg. The New York Times, October 5, 2008, at p. A1. Consulted by jeanne in print and online, October 5, 2008.

        What Is The Tipping Point? Galdwell.com. Consulted by jeanne online, October 5, 2008.

    Visual Sociology

    • Understanding How We're Part of It All Scott Stantis, Birmingham News, in St. Louis Beacon, Editorial cartoons, October 1, 2008. jeanne.

      Scott Stantis, Birmingham News, in St. Louis Beacon

      From "The St. Louis Beacon" , Tuesday, 30 September 2008, consulted by jeanne onOctober 1, 2008.

    SquiggleOnline Resources For Governance Discourse

    • References to check the truth of facts on political statements, charges, rumors:

    • FactCheck.org The Annenberg site, connected to University of Pennsylvania
    • PolitiFact

    • Fact-checking Political Advertisements for the Upcoming Election:
      "The Need: Sadly, there is a historical gap in Bay Area news media's coverage of campaign advertising. During the 2004 elections, for example, GradeTheNews.org found that Bay Area TV news averaged 1minute 24 seconds nightly covering ballot initiatives, but ran 2 minutes 41 seconds of paid advertising for those initiatives.

      "Help Newsdesk.org and The Public Press fill that gap by supporting a weekly investigative report on Bay Area campaign advertisements, to run from Labor Day through Election Day. Our goal is to help Bay Area residents cut through the barrage of influence advertising, and make truly informed decisions at the voting booth -- from the candidates to the ballot initiatives and propositions."

      Consulted by jeanne on September 27, 2008.

    • Newspapers: Labeling here is based on an article by Ashley K. Vroman on the impossiibility of labeling newspapers by ideology. I personally go along with the conclusion of the conservative Media Research Center's L. Brent Bozell III: "if the paper never met a conservative cause it didn't like, it's conservative, and if it never met a liberal cause it didn't like, it's liberal." But then, what about the Wall Street Journal whose news staff is considered liberal and its editorial staff considered conservative? jeanne
      Liberal Newspapers:

      New York Times - Los Angeles Times - The Washington Post
      The Boston Globe - The Chicago Tribune
      Conservative Newspapers:

      The Wall Street Journal - The Washington Times - The New York Post
      Manchester (N.H.) UnionLeader - The Oklahoman
      The Ideological Labeling of These Newspapers:
      "To test my hypothesis that people cannot classify newspapers as liberal or conservative, I began searching for any source attempting to classify newspapers ideologically. The sole article I came upon was "Rating the Top 10, Left and Right" from Insight magazine, written by Keith Russell. Insight rates what they deem to be the top five liberal newspapers and top five conservative newspapers in the country. A possible explanation of why I could only find one article in this search is because people, including scholars and academics and most popular magazines, do not try to measure how liberal or conservative newspapers are. Some may know that they cannot do it reliably and validly because different methods yield different results. Perhaps others do not formulate methods or measures lest they expose problems of reliability and validity. Unsupported assertions may be politically and tactically superior to dubious investigations."

      From "Slandering" the News: How Labelers Cleverly Undermine the Reliability and Validity of Newspapers," by Ashley K. Vroman, May 5, 1999. Consulted by jeanne, May 28, 2008.

    • Beyond Newspapers

      • The Institute for Public Accuracy The Institute for Public Accuracy seeks to broaden public discourse. With systematic outreach to media professionals, the Institute provides news releases that offer well-documented analysis of current events and underlying issues.

        Paul Loeb, columnist and author, recommended this site for us when we're trying to be sure we've covered multiple perspectives on each issue.

      • OpenSecrets.org "Our Mission: Inform, Empower & Advocate"

        • Inform citizens about how money in politics affects their lives
        • Empower voters and activists by providing unbiased information
        • Advocate for a transparent and responsive government

        David Brooks identified this site in His opinion column on July 1, 2008 in the New York Times. It is a good source of data on issues and the various perspectives on and funding of support for those issues. jeanne

      • I also suggest the use of Arts and Letters Daily the Chronicle of Higher Education Site for clarification on the issues as perceived by other academics. jeanne

      Current Online Sources Freely Accessbile Current list that is being updated and revised, but on which most links are still functioning. jeanne

    • Farlex Free Online Dictionary:

      Online Reference
      Dictionary, Encyclopedia & More
      Word:
      by:



 

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