Sunday, August 21, 2005


Articles: Google, Newspaper Online Revenue, Economic Reporting, the NYT Finally Learns About Gas Price Inflation

Barrons has a good article about how Google shows the various problems and inadequacies of copyright laws.

Newspaper online revenue growing significantly

I often write about how the press seems all to anxious to poo-poo good economic news. This report discusses how good economic news is almost always portrayed as having a dark underside.
The idea that "balance" is to be sure you look at things negatively is quite unfortunate. "Balance" refers to policy discussions. Facts should be facts. I can't help but be reminded of the Monty Python sketch called "The Argument," the text of which can be found at
Mere contradiction is not analysis, nor is it "balance." In the end, a strong economy will outweigh its news reporting. But if you report things negatively for a long enough time, eventually you will be right as all things economic have cycles. The adage "a stopped clock is right twice a day" comes to mind.

Speaking of balance, the New York Times FINALLY published a chart showing inflation-adjusted gas prices, and demonstrating that we are not at historic highs.
You can see the chart at in case the NYT article is not accessible.
The NYT link is
The graphic is at
but you may need to access the article first.

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