Australian (ASX) Stock Market Forum

I think the media should be held to account... what do you think?

That's my view too mainly.

Coming back to the headline "People who have never known themselves to be out of work face Centrelink, PM warns".

Did he actually say that ? I can't find it on his press conferences. If it's just a journalist's paraphrasing of Morrison's remarks then I think it's dishonest. Journo's should directly quote what is actually said.
That’s a very good point and the reason I made this post. When I read that headline I did some digging to find out if he actually said that and I too can’t find anything to suggest that is what he said.
 
The media will never be held to account, all they have to do is bag the coalition when they are in office and the labor supporters cheer.
Then when Labor get in, bag the Labor Government and coalition supporters cheer.
It is a no loose recipe.
Muppets cheering on muppets, the very reason I dont watch news, current affairs or any other crap they throw up.
The media is never wrong, they just change sides as required.
 
I'm no media guru but I've been present (off screen) at various press conferences regarding other matters and I've observed a few things.

One is that multiple media organisations can all be present at the same press conference and turn it into a different story. So you've got the same CEO or the same minister speaking but they manage to present it very differently on TV. I used to record every station's news purely to see what they put to air and compare them.

Most extreme example I've seen is footage of the minister speaking that day being run but the story as read by the journalist was about a completely different subject, not even the same industry and not a single word said in regard to what the minister was actually speaking about at the time. Also not unknown that the journalists ask questions which have absolutely nothing to do with the subject.

Newspapers routinely print corporate press releases word for word by the way. It's to the point that the more politically and media savvy companies are pretty good at wording them in such a way that no media organisation will reject it. So it gets on the websites and in print exactly as it was written and is reported as fact with no checking on the part of the media organisation who runs the story.

What you're reading in that situation was initially written by a run of the mill public servant, engineer, middle manager or whoever. They send it to the in house media expert who tweaks it to make sure it'll be published word for word. Then it goes back to the technical expert to confirm that it still says what it's supposed to say. If all good then it goes in the queue for release. Only exception is if it's a sensitive subject then it might go via senior management for sign off.

Queue for release - depending on what it says will affect when it goes out. Good news will avoid all known major news stories. So avoid political announcements, avoid anything from the Reserve Bank about interest rates, avoid anything about major events and so on. Put it out when it looks to be clear thus increasing the chances of getting front page or at least page 3. It's not unknown for something to be pulled at the last minute if a major story emerges that would grab the attention and front page.

If it's bad news then it needs to be as short and to the point as possible and will be released to coincide with something else major. Politics, economics, whatever. Aim to get it buried on page 20. Only reason to be saying it at all is to avoid accusations of keeping things hidden. Christmas, state or federal budget, any sort of controversy, any sort of natural disaster, any public holiday, AFL grand final - anything like that just bury it amidst other things if possible when nobody's paying attention. This corona virus would be ideal for that.

I wouldn't say any of that is terribly wrong, just be aware that the media is often a tool being worked by others for whatever reason. If the media are in a supermarket, office, factory or whatever then always remember they are there because the supermarket etc called them. They didn't just turn up of their own accord. Whoever called them is either announcing good news that they want everyone to hear for the benefit of those announcing it, they are saying something bad and ticking a box because some rule says they have to say it publicly, or they are trying to use the media to push some agenda. :2twocents
 
It is amazing how the media love chaos, but eventually everyone else gets sick of it.
Take for example W.A, the Government was bagged endlessly for spending billions on hospitals

Despite the fact W.A only had an antiquated Royal Perth hospital, which for 30 years had been over capacity, people were on strechers in the corridors.
When a new hospital was built, a new childrens hospital was built, two outer hub hospitals were built.
The Government was $hat on from a great height, in the current situation if it hadnt been done, W.A would be in a World of $hit.
Does the media appologies, what? As if.
The media actually makes me physically ill, but they are a necassary evil IMO.
Just my opinion
 
Criminal.. really.. what planet are you on.. They walk a fine line of controlling the hysteria of the plebs, controlling the situation and trying to have an economy on the other sine.. what would you do Einstein??
Simply follow the lesson from italy, lockdown now,
No need to be Einstein , just not a dimwit.
An example: holding a ******* triathlon in Mooloolaba last weekend with thousand of people
Pretending to follow Singapore but wo the mask wearing, the discipline and testing there
Our model is Italy, not South Korea
You will see who is Einstein in 3 weeks.pray not to have any love one above 50 or any sickness
So criminal yes
This absence of proper decision is killing hundreds if not thousands
Let's hope for a bit of karma here for those considering themselves above the plebs....
These arrogant bastards got a nice lessons in Italy actually...virus is classless
 
If there's any good to come from all this drama, a friend tells me that they've used the issue to get the kids interested in geography and to understand what's going on.

Apparently various "scare" type rumours have gone around at the school, kids telling other kids that everyone's going to die and so on. So in this case the parents have taken it into their own hands to educate their kids (primary school age) as to the facts that the risk to any individual is very low so long as we all take precautions.

They're then using that to educate them on other things. Eg they've pointed to the Mayor of London asking people to avoid unnecessary travel. That then prompts the questions of where is London? How many people live there? In what country is it located? Why do they have trains running in tunnels underground? And so on.

So they're using it as a trigger to educate the kids about geography and different parts of the world given that schools seem somewhat mediocre on that these days.:2twocents
 
If there's any good to come from all this drama, a friend tells me that they've used the issue to get the kids interested in geography and to understand what's going on.

Apparently various "scare" type rumours have gone around at the school, kids telling other kids that everyone's going to die and so on. So in this case the parents have taken it into their own hands to educate their kids (primary school age) as to the facts that the risk to any individual is very low so long as we all take precautions.

They're then using that to educate them on other things. Eg they've pointed to the Mayor of London asking people to avoid unnecessary travel. That then prompts the questions of where is London? How many people live there? In what country is it located? Why do they have trains running in tunnels underground? And so on.

So they're using it as a trigger to educate the kids about geography and different parts of the world given that schools seem somewhat mediocre on that these days.:2twocents
Very good point, this is a perfect time to educate what is fundamental and important. If I could suggest two things that will really soak geography in. 1st jointly do a big jigsaw puzzle of the world. You can chat a lot during the hours it takes to construct. 2nd At the end of construction play a search and find; where is the Nile River; who can find a country starting with 'D'; Can you find Eritrea.



(Side note every time I jump in a Uber Ola I always ask where were you born, and the city. I have heard some really interesting stories). When I get home I look up where that country and city is in the world.
 
From the other perspective, it could be argued that the use of charts with a log scale, a concept not well understood by the general public, on charts in this article understates the situation.

Log scales simply aren't something used by any average person in their day to day life indeed some would be completely unfamiliar with the concept.

https://www.abc.net.au/news/2020-03...ls-how-covid-19-spreads-in-australia/12060704
 
From the other perspective, it could be argued that the use of charts with a log scale, a concept not well understood by the general public, on charts in this article understates the situation.

Log scales simply aren't something used by any average person in their day to day life indeed some would be completely unfamiliar with the concept.

https://www.abc.net.au/news/2020-03...ls-how-covid-19-spreads-in-australia/12060704
Got a point, could be a way to spread the criticality by not using log scale and just zooming out...
People in Australia have not really clicked at what's ahead and Medio focus on TP and supermarkets while the Gov maintains elections here in qld gives a wrong message

Is it wrong to risk panic by showing ICU situation in Italy?
Less in my opinion and more constructive than food run.focus by media
We are not at risk of starvation, but could do with more virus explanation and impact on the health system.
And economy .
 
That’s a very good point and the reason I made this post. When I read that headline I did some digging to find out if he actually said that and I too can’t find anything to suggest that is what he said.
I guess that you are not too good at digging for things and seem to concentrate on rubbish.
Anyway, Morrison used most of those exact words in this press conference.
Moreover, Employment Minister Michaelia Cash at a previous press conference to announce a "record number" of people in work also said "as we know, and as the Prime Minister … made clear, businesses will close, and some Australians will lose their jobs."
 
I guess that you are not too good at digging for things and seem to concentrate on rubbish.
Anyway, Morrison used most of those exact words in this press conference.
Moreover, Employment Minister Michaelia Cash at a previous press conference to announce a "record number" of people in work also said "as we know, and as the Prime Minister … made clear, businesses will close, and some Australians will lose their jobs."
But would not saying otherwise be lying?
Of course a lot of people are going to lose their jobs and their shirts
The market crash already cost a bit, for savers, super members and missing taxes on now investment losses
 
I guess that you are not too good at digging for things and seem to concentrate on rubbish.
Anyway, Morrison used most of those exact words in this press conference.
Moreover, Employment Minister Michaelia Cash at a previous press conference to announce a "record number" of people in work also said "as we know, and as the Prime Minister … made clear, businesses will close, and some Australians will lose their jobs."

This was the quote from that press conference..

"There will be Australians over the next six months who, through no fault of their own, will find themselves with less work, with less income. And in the worst case, without a job, that is that is going to happen. And that's going to happen to quite a number of people. And it's our job to ensure that we do as much as we possibly can to cushion that blow and to put the other arrangements in place, like what has happened today with banks and others and what we’ll seek to do working through the states and territories for landlords and so on, to ensure that we can provide that support to people through these difficult next six months, through this transitional period, through this temporary period. And I can assure you, David, we are giving very close attention to the very things you're talking about, because it will be a difficult time. People who have never known themselves to be out of work will be confronted in some cases with that prospect. And we want to make sure that we can help them as best as we can through what will be a difficult period for them and their family."

I guess we can quibble, but he didn't mention Centrelink, whether that makes any difference is a matter of opinion.
 
I guess that you are not too good at digging for things and seem to concentrate on rubbish.
Anyway, Morrison used most of those exact words in this press conference.
Moreover, Employment Minister Michaelia Cash at a previous press conference to announce a "record number" of people in work also said "as we know, and as the Prime Minister … made clear, businesses will close, and some Australians will lose their jobs."
And it would seem you’re not too good at reading what I posted in my OP. Go back and look at my OP and the headline used in the media article and then show me where the PM said that? What you quoted in your post was not the headline that was run. You are clearly missing the point of what I am saying...nothing wrong with reporting on real facts, but the headline run by the ABC is nothing short of a misquote designed for sensationalism. Why does the media feel the need to put their own spin on what the PM said instead of just reporting what he said without the spin?
 
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I guess we can quibble, but he didn't mention Centrelink, whether that makes any difference is a matter of opinion.
The PM was quoted on his answer to a question about Centrelink, and journalists used some of his exact words.
How the media can be held to account for reporting the correct intent is a mystery.
Moving right along, Boris has worked out what is needed for those becoming unemployed in the United Kingdom and we really need to borrow from his example.
Our imperative should be to keep as much of the economy ticking over as possible, and that is achieved by ensuring most people have the means to remain consumers rather than hermits having to save every penny.
 
Go back and look at my OP and the headline used in the media article and then show me where the PM said that?
I linked to the EXACT words, and these were quoted verbatim with the use of quotation marks in the lead to ensure the average person could work out the difference between the journalist's commentary and the PM's remarks.
It really could not be clearer, yet you cannot work this out!
Pretty sad that you started a thread on a topic you got wrong from the get go.
 
Pretty sad that you started a thread on a topic you got wrong from the get go.

I’m not sure I can make my point any easier for you to understand, but you probably don’t realise that you are acknowledging my point by highlighting there is the journalist’s added sensationalist spin (or as you call it, commentary) in the headline. I hope that makes you understand my point a bit easier, which I didn’t think was too difficult for the average Joe to understand
 
Our imperative should be to keep as much of the economy ticking over as possible, and that is achieved by ensuring most people have the means to remain consumers rather than hermits having to save every penny.

I agree, but there are pretty mixed messages aren't there ?

Don't go out, stay at home, don't go to the footy, cinemas or restaurants, but keep spending !

How are we supposed to reconcile those ?
 
I’m not sure I can make my point any easier for you to understand, but you probably don’t realise that you are acknowledging my point by highlighting there is the journalist’s added sensationalist spin (or as you call it, commentary) in the headline. I hope that makes you understand my point a bit easier, which I didn’t think was too difficult for the average Joe to understand
Utter crap.
It's newsworthy to quote the PM acknowledging that people never before unemployed now face that prospect.
On the other hand you have been denying that link existed!

You have made a mountain out of a molehill.
I agree, but there are pretty mixed messages aren't there ?
Don't go out, stay at home, don't go to the footy, cinemas or restaurants, but keep spending !
How are we supposed to reconcile those ?
They are all "discretionary" spends Rumpy, and Boris has worked out how those affected don't fall by the wayside.
I just got an email from our local Coffee Club which remains open, but now offers discounts on pick up meal orders. So smart restaurants can probably get some cash flow from takeaways: we dined in at our small local Thai restaurant on Monday and their takeaway trade was non-stop, and none was via a delivery service.
Anyway, I have lots of things to do each day that require "hardware" shopping, and I won't be slowing down (having already slowed down of course o_O).
 
Utter crap.
It's newsworthy to quote the PM acknowledging that people never before unemployed now face that prospect.
On the other hand you have been denying that link existed!

You know that’s not the point I’m trying to make so I’m not sure why you keep pushing it. Please go back and have a long hard read of my OP and tell me where I’m objecting to quoting the PM.
 
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