Categories: OLD Media Moves

Didn’t blow the whistle loud enough

Marylynne Pitz of the Pittsburgh Post-Gazette interviewed New York Times business journalist Andrew Ross Sorkin about the current economic crisis and asked him about whether business journalism did its job.

Pitz writes, “‘Part of our job, arguably, is to blow the whistle. Therefore, we didn’t blow the whistle loud enough,’ the author said. ‘If you look back, there are plenty of stories about how the mortgage market was overblown back in 2004 and 2005.’

“But in boom times, those stories are often ignored.

“‘It’s hard to capture the attention of the American public with doom and gloom when everything is going up,’ Mr. Sorkin said. ‘Everyone is so scared they are going to miss the train.'”

Read more here.

Recent Posts

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

23 mins ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

1 day ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

2 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

2 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

2 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

2 days ago