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Category: Media

CNBC reporter makes up the news

CNBC reporter makes up the news

CNBC cites a Pew report to claim that more people are sharing living arrangements due to student debts. But nowhere in the Pew report does it say that. In fact, the Pew report suggests the majority of the change is due to the increase in the immigrant population in the U.S. CNBC just made up a news report to push the student debt meme.

NBER paper: Why Is All COVID-19 News Bad News?

NBER paper: Why Is All COVID-19 News Bad News?

91% of US news about Covid topics was negative – even when reporting on positive vaccine developments or low case counts in schools. The media learned that consumers demand negativity – I postulate this is because consumers who are suffering from hysteria and anxiety seek out news that confirms their anxiety, and that being anxious is okay.

Bad news sells

Bad news sells

Business news reporters, who generally do a good job, also admit they believe “unfavorable articles were more likely to attract readers”. The result, across all news media, is that the news focuses on negativity and what is perceived as wrong with the world. There is rarely, ever, good news. This results in entire societies living in an unnecessary culture of perpetual outrage, fear and anxiety. This is not healthy.