Categories: OLD Media Moves

Investors immune to negative business writing

Hal Morris, writing Monday on his Grumpy Editor blog, notes that investors seem to be immune to the negative slant of many business news stories.

Morris writes, “The Dow Jones Industrial Average rose 106.41 points on Thursday and tacked on an additional 217.52 points on Friday — for a total gain of 323.93 points, reaching 8,280.59 — as financial writers were banging away with lines such as:

• The recession shows no signs of abating.
• Data released Thursday underscored the reluctance of individuals and businesses alike to spend in the face of a gloomy economy.
• Anxious consumers, whose spending fuels the nation’s economy, have cut out all but the essentials.

“The above phrases are from Ylan Q. Mui and Howard Schneider writing in Friday’s Washington Post while compressing the latest statistics on retail sales, factory orders and jobless claims.

“But the week’s prize for working in negative phrases goes to Associated Press writer Jeannine Aversa who, in a lead, puts the growing jobless blame, not on the heavy outsourcing to foreign countries of jobs — ranging from newspaper copy editing to furniture manufacturing — and steep financial damage stemming from subprime loans, but by ‘a vicious cycle of cutbacks by consumers’ that ‘forced ever more layoffs by beleaguered employers.'”

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

2 days ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

2 days ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

2 days ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

2 days ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

2 days ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

2 days ago