Im-Politic: American Journalism’s Editing Crisis Deepens

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Biden, Bloomberg.com, China, Donald Trump, editing, Im-Politic, imports, Jeff Bezos, journalism, Mainstream Media, Michael Bloomberg, tariffs, Trade, trade deficit, trade war, Washington Post

A RealityChek post last month suggested that America’s news media are experiencing a genuine editing crisis, and just yesterday appeared an example that left even me – someone who for decades has been tracking these lapses (or biases?) and the misinformation they’ve often spread – speechless.

Well, OK, not exactly speechless. But here’s what I mean.

The Bloomberg.com article in question, titled, “China’s Response to U.S. Trade Talks Shows Gap Between Two” was almost entirely unobjectionable. Indeed, for the most part, it focused quite competently on recent statements made by top U.S. and Chinese officials showing how far the two economies remain from resolving the trade and broader commercial issues they’ve clashed over for many years.

But then came this chart:

From the title, you’d expect it to show both that the immense U.S. trade deficit with China currently stood at an all-time high, and that the increase was being driven largely by still soaring American imports from the People’s Republic.

Except if you eyeball the chart with even a little care, you see that if America’s imports from China (the solid white line) are now in record territory, it’s not by much compared with the previous peak in mid-2018. Moreover, since they’ve barely budged since then, and the U.S. economy has grown by some ten percent during this period, the China shortfall has clearly become smaller as a share of gross domestic product – a crucial piece of context.

Moreover, it’s absolutely clear that the Chinese trade surplus with the United States hasn’t been surging at all lately. Indeed, according to the vertical orange-ish bars it’s represented by, it’s slightly below last year’s peak and has fallen slightly  since early 2018. Yes, there’s been a surge. But it took place during the decades before.

And kind of mysteriously left out: Mid-2018 is when former President Donald Trump began imposing tariffs on imports from China.

But that’s not the main point here. I’ve seen and written about headlines that misrepresent the body of the article they accompany. (That last post on editing provided one example.) But I don’t ever recall seeing a chart’s title contradicted by the chart itself. Like Amazon.com co-founder Jeff Bezos, who now owns the Washington Post, Bloomberg.com co-founder and majority owner Michael Bloomberg has more than enough bucks to at least try preventing such embarrassing goofs. Time to start opening up that wallet.  

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Im-Politic: The Swalwell Spy Scandal News Blackout Extends Far Beyond the NY Times

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ABC News, Associated Press, Bloomberg.com, CBS News, China, Christine Fang, Eric Swalwell, espionage, Fang Fang, Fox News, Im-Politic, Mainstream Media, McClatchy News Service, media bias, Michael Bloomberg, MSM, MSNBC, NBC News, NPR, PBS, Reuters, spying, The New York Times, The Wall Street Journal, USAToday

If you’re a news hound, you know that The New York Times, long – and long justifiably – seen as the most important newspaper in the world, has devoted exactly zero coverage to a bombshell report earlier this month that California Democratic Congressman Eric Swalwell several years ago was pretty successfully targeted by a spy from China.

And if you don’t know about this Swalwell story, you should. He’s a member of the House Intelligence Committee, which means that he’s been privy to many of the nation’s most important national security secrets. In addition, he has long been a genuine super-spreader of the myth that President Trump is a Russian agent. So although there’s no evidence so far that Swalwell either wittingly or unwittingly passed any classified or otherwise sensitive information to this alleged spy, understandable questions have been raised about his judgement and therefore his suitability for a seat on this important House panel. Further, he hasn’t denied having an affair with this accused operative, who was known as Christine Fang here, and Fang Fang in her native country.

In other words, it’s a pretty darned big story, and The Times decision to ignore it completely (not even posting on its website wire service accounts of developments) is a flagrant mockery of its trademark slogan “All the News That’s Fit to Print” and clearcut example of media bias – especially since the paper showed no reluctance to report on his abortive presidential campaign this past year or his (always unfounded) attacks on Mr. Trump.

At the same time, if you don’t know about l’affaire Swalwell, you’ve got a pretty compelling excuse. Because The Times has by no means been alone in its lack of interest. Joining it in the zero Swalwell coverage category since the China spy story broke on December 8 have been (based on reviews of their own search engines):

>The Associated Press – possibly the world’s biggest news-gathering organization

>Reuters – another gigantic global news organization

>Bloomberg.com – whose founder and Chairman, Michael Bloomberg, is a leading fan of pre-Trump offshoring-friendly China trade policies

>USAToday

>NBC News

>CBS News

>MSNBC (The FoxNews.com report linked above says this network covered this news once briefly, but noting shows up on its search engine.) 

>National Public Radio (partly funded by the American taxpayer)

>McClatchy (another big news syndicate)

Performing slightly – but only slightly – better have been:

>PBS (one reference on its weekly McLaughlin Group talk show – nothing on its nightly NewsHour)

>ABC News (one news report)

>The Wall Street Journal (one news article, one opinion column)

The Swalwell story isn’t the world’s, or the nation’s, or even Washington’s biggest. But it’s unmistakably a story, and the apparent blackout policy of so many pillars of journalism today, coming on the heels of similar treatment of the various Hunter Biden scandal charges, further strengthens the case that a national institution that’s supposed to play the critical role of watchdog of democracy has gone into a partisan tank.

The only bright spots in this picture? Social media giants Twitter and Facebook haven’t been censoring or arrogantly and selectively fact-checking Swalwell-related material. Yet.

Im-Politic: Bloomberg in China’s Pocket?

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China, election 2020, Financial Times, Im-Politic, Ivanka Trump, Laura Ingraham, Michael Bloomberg, Michael Kranish, Trump, Washington Post, Xi JInPing

Boy! I thought Michael Bloomberg’s business’ dependence on China was worrisome when I first read this early January Financial Times report on the billionaire Democratic presidential candidate’s lucrative conference-holding business in the People’s Republic!

Then thanks to a segment last week on Laura Ingraham’s Fox News cable talk show, I checked out this Washington Post piece on the same subject – which I somehow missed – and I’ve gotten even more worried. And since Bloomberg has been rising steadily in the polls in recent weeks, and is spending a big chunk of his fortune on the campaign, you should be worried, too.

Now I know what at least some of you are thinking: President Trump and his family have done a lot of business with China, too. So why single out the former New York City mayor?

Here’s why: First, I strongly agreed that it was unacceptable for presidential daughter Ivanka Trump to stay involved in any way with her fashion business after her father’s election, especially since it sourced products from China and sought to sell in the Chinese market. She finally agreed with this (widespread) view and shut down the brand in mid-2018. So that’s one big difference between the Trumps and Bloomberg, since the latter is still making big bucks in China.

More important, though – with Trump tariffs still in place on literally hundreds of billions of dollars worth of prospective Chinese exports to the United States, and the President having made life tough for China in numerous other major ways ranging from prosecuting telecommunications giant Huawei to strongly supporting Taiwan in word and deed, can anyone seriously believe that Mr. Trump has been soft on Beijing?

Bloomberg, by contrast, clearly has, and his record of panda-hugging is not only several years old, but has continued unabated during his run for the White House. The aforementioned Post article spells out in detail the pro-China positions he’s taken, which include opposition to the Trump tariffs (without explaining how he’d deal with Chinese trade abuses he’s acknowledged) and the insistence that China’s communist leader Xi Jinping “is not a dictator” (made as Beijing was cracking down on Hong Kong’s democracy protests and imprisoning on a massive, concentration camp-like scale members of the country’s Muslim Uighur minority group.

And when his ongoing business dealings with the Chinese are examined in detail, it’s easy to see why Bloomberg has worked so hard to remain in Beijing’s good graces. For example, as the Post reported, Bloomberg ”expanded one of his company’s financial indexes, which could steer $150 billion into China while earning his firm an undisclosed amount in fees.”

In effect, this move awarded the Chinese government and the various commercial and financial entities it controls a Good Housekeeping Seal of Approval valued immensely by big institutional investors who control trillions of dollars worth of savings around the world.

Moreover, according to Post reporter Michael Kranish, “mainland China accounts for 1 percent of Bloomberg LP’s [$10 billion in annual] revenue and Hong Kong for another 4 percent.”

As for those China conferences, the Financial Times revealed that

“live events now make up nearly 15 per cent of all revenues for the news division that sits within the billionaire’s financial data company.

“This has grown from less than 1 per cent in 2014, thanks largely to the success of one event: the New Economy Forum. Mr Bloomberg launched the conference last year, aimed at connecting global business leaders with the Chinese elite.

“Only in its second year, the NEF already makes up about 65 per cent of all live events revenue for Bloomberg Media, according to a spokesperson.”

And if you still doubt China’s importance to Bloomberg’s coffers, consider that, as Kranish wrote, Bloomberg “has led efforts since 2015 to make it easier for U.S. companies to trade in Chinese currency, a move embraced by China’s largest banks” – which are of course all run by the state.

Bloomberg’s successes in public opinion surveys anyway has led to charges that he’s trying to buy the presidency. At least equally important to ask is whether the Chinese have bought Bloomberg.