Have you ever seen such a divergence between the mainstream media and the business media? CNN and MSNBC are covering the Ferguson riots non-stop 24/7? (Fox News is a little more balanced but not much.)
On the other hand, CNBC, Fox Business News, and Bloomberg allocate no more than 10% of their air time to Ferguson, instead spending their air time on geopolitical risks that actually matter to business and stock markets, such as the Ukraine, ISIS, Chinese purges, or even the spread of Ebola. Most of their air time is allocated to corporate earnings, M&A, and other business matters.
Does that mean the business community does not care about any alleged injustices in Ferguson? No, of course not! It just means that this story of racial injustice is not new and certainly not news-worthy. We've seen this story many times over the last 50 years without ever causing a recession or stock market crash. It is just business-as-usual. Is that right-or-wrong? Well, you already know that answer!
It is just one of those times when the only place to hear "fair & balanced" news is on the business channels.
On the other hand, CNBC, Fox Business News, and Bloomberg allocate no more than 10% of their air time to Ferguson, instead spending their air time on geopolitical risks that actually matter to business and stock markets, such as the Ukraine, ISIS, Chinese purges, or even the spread of Ebola. Most of their air time is allocated to corporate earnings, M&A, and other business matters.
Does that mean the business community does not care about any alleged injustices in Ferguson? No, of course not! It just means that this story of racial injustice is not new and certainly not news-worthy. We've seen this story many times over the last 50 years without ever causing a recession or stock market crash. It is just business-as-usual. Is that right-or-wrong? Well, you already know that answer!
It is just one of those times when the only place to hear "fair & balanced" news is on the business channels.
