Wednesday, May 05, 2004
A Parallel in Time
Cori Dauber is on another rant, as usual, and is calling most of the media to account:
If it wasn't for Claudia Rosett there would be no UN scandal story, and even as the scope of this story becomes clear, it is still Rosett who is virtually single handedly keeping it going. The money involved, the people hurt, the level of hurt -- this dwarves Enron. Yet at it's height the New York Times had forty reporters working the Enron story. For shame.
It reminds me of another great media failure--the failure to detect the collapse of the S&L industry in the late 80s and early 90s until it was too late and congress was forced to pick up the tab for a huge bailout--all because the ratings-driven media thought we were so stupid we couldn't follow dry financial stories and so didn't cover it until it was too late.
Well, obviously, they thought we could follow Enron. But Enron was a sideshow.
If it wasn't for Claudia Rosett there would be no UN scandal story, and even as the scope of this story becomes clear, it is still Rosett who is virtually single handedly keeping it going. The money involved, the people hurt, the level of hurt -- this dwarves Enron. Yet at it's height the New York Times had forty reporters working the Enron story. For shame.
It reminds me of another great media failure--the failure to detect the collapse of the S&L industry in the late 80s and early 90s until it was too late and congress was forced to pick up the tab for a huge bailout--all because the ratings-driven media thought we were so stupid we couldn't follow dry financial stories and so didn't cover it until it was too late.
Well, obviously, they thought we could follow Enron. But Enron was a sideshow.
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