Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Saturday, July 21, 2018

Zero Hedge — "Truth Was Irrelevant" WSJ Asks: Was Brennan's Action The Real "Treason"?


Brennan in the crosshairs?

I don't link to the WSJ since it is behind a paywall. ZH recounts the latest there.

Zero Hedge
"Truth Was Irrelevant" WSJ Asks: Was Brennan's Action The Real "Treason"?
Tyler Durden

Thursday, October 5, 2017

Dan Goodin — Russia reportedly stole NSA secrets with help of Kaspersky—what we know now

The Wall Street Journal just published an incendiary article that says hackers working for the Russian government stole confidential material from an NSA contractor's home computer. The hackers did so, according to the WSJ, after identifying files though the contractor's use of antivirus software from Moscow-based Kaspersky Lab.
The report may well be true, but, for now, there's no way to independently confirm it. The report is based on unnamed people the publication says had knowledge of the matter, and it provides no evidence to support its claim. What's more, the lack of detail leaves open the possibility that, even if Kaspersky's AV did help Russia home in on the highly sensitive code and documents, the disclosure was the inadvertent result of a software bug and that no one from Kaspersky Lab cooperated with the attackers in any way. Also lost in the focus on Kaspersky Lab is the startling revelation that yet another NSA insider managed to sneak classified material outside of the NSA's network and put it on an unsecured computer. More of this analysis will follow.
First, here's a summary of what the WSJ reported.…
Another hit job?

Thursday, November 3, 2016

Bill Mitchell — The penny drops – WSJ acknowledges UK government can never run out of money

When a News Corp newspaper starts writing articles that reflect the insights provided by Modern Monetary Theory (MMT) you know that progress in the dissemination of those ideas is being made. Even if they don’t get things exactly right. The Dow Jones & Company (owned by News Corp) daily, the Wall Street Journal carried an article last week (October 31, 2016) – Message from the Gilt Market: U.K. Can Never Run Out of Pound – which leaves no room for doubt. The London-based journalist Jon Sindreu wrote that “Among facts that take a stubbornly long time to sink in, here’s one: Countries that borrow in their own currencies never have to default on their debt”. So never again allow a person in your company to suggest otherwise. There are many like facts that seem to evade the understanding of journalists, politicians and others who desire to push the neo-liberal line. I say ‘seem’ because it is certain that many of these neo-lib banner carriers know full well they lie when they make claims about currency-issuing governments running out of money and the like. They are ideological warriors after all and in war, anything seemingly goes.
The main thesis entertained in the Wall Street Articles is as follows:
Bill Mitchell – billy blog
The penny drops – WSJ acknowledges UK government can never run out of money
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Thursday, April 7, 2016

William K. Black — The WSJ and NYT Spin Elite Tax Fraud as “Good News”

See, we all have it all wrong. We all need to read the WSJ and the NYT and celebrate the good news of massive tax fraud by business elites and join together to denounce government. Ignore the tens of thousands of wealthy men behind the screen of bank secrecy evading taxes. They are a “distraction.”
The neoliberal spin machine.

Triple Crisis
The WSJ and NYT Spin Elite Tax Fraud as “Good News”
William K. Black | Associate Professor of Economics and Law, UMKC

Wednesday, February 3, 2016

Gordon M. Hahn — SATTER’S HALLUCINATIONS: Next New Low in American Rusology and Journalism


Gordon Hahn takes down a WSJ hit piece. WSJ is owned by Rupert Murdoch.
On January 21st the Wall Street Journal’s editors allowed on its editorial pages an opinion piece with one of the most glaring distortions of post-Soviet Russian history and politics ever produced by contemporary American ‘rusology.’ David Satter issued forth yet another of his caricatures of analysis in an exegesis from which he hoped readers would take away: ‘eternally totalitarian, imperialistic, and murderous Russia.’ The only murder here, however, was Satter’s murder of truth and the historical record. In addition to an uniformed analysis of the complicated and unresolved Litvinenko case as well as Russian politics under President Vladimir Putin, he issued forth both a full-fledged perversion of politics under Russia’s first post-Soviet president Boris N. Yeltsin and a complete inversion of the history of October 1993.
Russian and Eurasian Politics–Gordon M. Hahn

Thursday, November 12, 2015

James Petras — Western ‘Mainstream’ Extremism: Distortion, Fabrication and Falsification in the Financial Press


More stratcomm (strategic communications) aka propaganda, disinformation and psy ops.
Over the past quarter century, the US and EU turned their focus from systemic adversaries (anti-capitalist and anti-imperial states and movements) to attacking capitalist regimes, which (1) had adopted nationalist, re-distributive and Keynesian policies; (2) had opposed military interventions, coups and bases; (3) had aligned with non-Western capitalist powers; (4) had opposed Zionist colonization of Palestine and Gulf State-financed Islamist terrorists; (5) and had refuse to follow the financial agendas dictated by Wall Street and the City of London investment houses, speculators and vulture funds.
The Western imperial regimes (by which we mean the US, Canada and the EU) have exercised their political, military, economic and propaganda powers to (1) eliminate or limit the variety of capitalist options; (2) control the kinds of market-state relations; and (3) secure compliance through punitive military invasions, occupations and economic sanctions against targeted adversaries.
The major financial newspapers of record in the United States have played a key role in disseminating the post-communist political line regarding what are acceptable capitalist policies: The Wall Street Journal, (WSJ), the New York Times (NYT), and the Financial Times (FT) – the ‘Troika’ – have systematically engaged in political warfare acting as virtual propaganda arms of the US and EU imperialist governments in their attempts to impose and/or maintain vassal state status on countries and economies, ‘regulated’ according to the needs of Western financial institutions.
The propaganda Troika not only reflects the interests and policies of the ruling elites, but their editors, journalists and commentators shape policies through their reportage, analyses and editorials.
The Troika’s methods of political operation and the substance of their policies preclude any kind of balanced reportage.…
James Petras Website
Western ‘Mainstream’ Extremism: Distortion, Fabrication and Falsification in the Financial Press
James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia

Saturday, September 26, 2015

Matias Vernengo — Material well being and morality


Is there a contradiction in the pope's condemnation of capitalism and the demonstrable fact that the developed world is capitalist and as poor countries adopt capitalistic economics they develop more quickly, so that everyone is better off. In other words is the pope wrong about trickle down, that is, a rising tide does lift all boats?

Only if TINA ("there is no alternative"), and that is an unproven assumption. It also disregards the effect of neoliberalism on the developing world though the attendant neo-imperialism and neocolonialism.

Naked Keynesianism
Material well being and morality
Matias Vernengo | Associate Professor of Economics, Bucknell University

See also

WCEG — The Equitablog
Plutocratic Self-Justification as a Dissipative Activity…
Brad DeLong

"The lady doth protest too much, methinks." — William Shakespeare, Hamlet

Monday, August 10, 2015

JiminNH — Complete Media Fail in Blaming Russia for Last Year's US Bank Hacks

The Wall Street Journal, Bloomberg, the Daily Telegraph - they all piled on, trumpeting the news fed to them by the FBI and NSA that the Russians were behind it - suggesting it was a pseudo military attack in connection to war tensions over Ukraine.
Now the perpetrators have been caught. Turns out they have no connection to Russia.…
Flash forward a year, and you will find reports that emerged on July 21, 2015 that four people were arrested for the JPMorgan and other bank cyber attacks of August, 2014, with a fifth suspect remaining at large. Unsurprisingly, those arrested were not “Russian state sponsored hackers.” Also unsurprisingly, very few of the reports included any reporting that informed the reader that the JPMorgan hack was initially, and incorrectly, blamed on Russia.
The MSM reports detailed how the four suspects, two Israeli citizens as well as US citizens Joshua Aaron and Anthony Murgio, were charged with using the hacked data in a “complex securities fraud scheme”, as reported by Fortune, where the data was used for a “pump-and-dump” stock fraud, using bulk emails and pre-planned trading to pump up the targeted stocks for their own personal benefit. USA Today, among others, reported that the scheme also included an “illegal bitcoin operation.”
Perusing the reporting of the titans of western MSM, from Bloomberg to Fortune to Reuters to USA Today to CNBC, it is difficult to find any reporting on the arrest that point out that blame for the subject cyber attacks was initially placed upon a “resurgent” Russia
Not quite complete media fail, since some reported the correction.

Russia Insider
Complete Media Fail in Blaming Russia for Last Year's US Bank Hacks
JiminNH, The Vineyard of the Saker)

Monday, July 13, 2015

Bill Black — Murdoch Warns Pope Francis about Ecuador’s President Correa


Another good one by Bill, who has been in Quito.

Note to conservatives — Be advised. The pope is the third rail.

New Economic Perspectives
Murdoch Warns Pope Francis about Ecuador’s President Correa
William K. Black | Associate Professor of Economics and Law, UMKC

Sunday, January 4, 2015

Monday, August 25, 2014

Bill Black — The Wall Street Journal’s Choleric Rant about Cholera and Bank Fraud Epidemics


Brilliantly stated takedown of Murdoch's WSJ. Who needs mathematically modeling with prose like this. Outstanding. Bill outdoes himself with this one.

New Economic Perspectives
The Wall Street Journal’s Choleric Rant about Cholera and Bank Fraud Epidemics
William K. Black | Associate Professor of Economics and Law, UMKC

Tuesday, February 18, 2014

John Carney no longer at CNBC. Now at WSJ. Did he get canned for posting too much MMT?


Maybe Carney got fired from CNBC for posting up all that MMT stuff, who knows? ;)

WSJ is even to the right of CNBC so good luck with that. It's a Murdoch-owned rag sheet, but who knows, maybe Carney will do a Mosler interview. That Heard on the Street column is still a big deal? I don't know, I never read the journal. Stopped reading it back in the 90s.

Monday, August 12, 2013

Warren Mosler — Steve Moore’s WSJ piece

My old buddy Stevie still up to making a nice living by spewing propaganda he knows is at best misleading and subversive.
Serious call out and well-deserved smackdown.

We frequently argue here at MNE over whether neoliberals are ignorant or disingenuous. Warren gives good reason to prefer the latter explanation in this case.

The Center of the Universe
Steve Moore’s WSJ piece
Warren Mosler

Saturday, October 15, 2011

Wall Street Journal Europe gets caught out


Wall Street Journal reports about its own scandal:

"The Wall Street Journal Europe has a circulation of about 73,250."

Which isn't a lie but lying by omission. The Journal thinks there's nothing more to report on European circulation.

Guardian:

"But the Audit Bureau of Circulation ruled that the scheme was legitimate and by 2010, it was responsible for 41% of the European edition's daily sales – 31,000 copies out of a total of 75,000."

31.000 copies bought by so-called "sponsors" for 5 cent and distributed to students.

(submitted by Stephan Ewald)

More chipping away the reputation of formerly venerable institution.