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So why did journalism fail? One only needs to examine the financial industry’s elaborate programmes to cultivate the media to realise that journalists are confronted with significant conflicts of interest between their job as reporters and individual desires for recognition, access and advancement. Banks lobby journalists in the same way they lobby any other constituency: through measured public affairs departments, conferences and parallel marketing. Good journalism requires access, and there is a whole hierarchy of access, institutional ranks, and so-called information: who gets invited, who is asked to speak as a “media leader”, who attends dinners. How can a journalist resist the machine that treats him so well?
More from Ken Silverstein:
Perspective — October 23, 2013, 8:00 am
How pro-oil Louisiana politicians have shaped American environmental policy
Postcard — October 16, 2013, 8:00 am
A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits
Years it would take Jim Bakker to earn enough to pay his federal fine at his current job cleaning prison toilets:
Zoologists speculated that cannibalism among hippos might have led to an anthrax outbreak in Uganda that has killed at least 220 of the beasts. “I knew hippos were nasty,” said one anthrax expert, “but I didn’t know they went around eating each other.”
A white man in St. Louis was charged with punching a black man at a gas station after telling him to “go back to Ferguson.” “I’m going to let the authorities handle this,” said the victim, a former Major League baseball player, “but I’ve had enough of St. Louis.”
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“He could be one of a million beach-bound, black-socked Florida retirees, not the man who, by some odd happenstance of life, possesses the brain of Albert Einstein — literally cut it out of the dead scientist's head.”