MEDIA HIJACK: The spinning wheel accelerates

The Slog presents three blinding examples from today’s papers of how objective news reporting and analysis in our media have been replaced by polemic agendas.

In the post-Christmas period, investors in U.S.-based funds poured $7.53 billion into stock mutual funds while exchange-traded funds investing in equities gained $10.78 billion in new cash. The inflow into U.S. stock mutual funds was the biggest since May 2001, and the $18.32 billion aggregate cash injection into equities funds was the biggest since mid-2008.

“We are at an inflection point where, especially in the U.S., you’ll start to see net inflows into equities,” Margaret Patel, senior portfolio manager at Wells Capital Management, which oversees $331 billion in assets, told Reuters yesterday, “the risk-taker will be rewarded this year.”

“There is a lot of money sitting around in risk-free assets that can go into equities, and I think retail investors are getting more bullish,” said Fred Tomczyk, chief executive of TD Ameritrade Holding Corp.

We are saved! Relief is at hand! Everything is normal and we are going to be OK! It was all just a bad dream!

Hell hath little noisier than stockbrokers desperate for business. Even perpetually bullsh*tting estate agents can’t rival them. But two questions remain unanswered: one, where are the fundamentals to support such an idea? Two, one fiscal cliff-fall avoidance doth not a deficit cancel. Spending cuts were actually postponed by the deal.

~~~~~~~~~~~~~~~~~

Meanwhile, the rival NHS spin-teams are pulling hard against each other in the tug-of-war to sell each’s version of the truth to the nation.

The heavily indebted South London Healthcare NHS trust (SLHT)  should be dissolved, Matthew Kershaw, the trust’s special administrator told health secretary Jeremy Hunt last week. So it is that the Lansley hospital-starvation strategy comes to fruition, bang on schedule to give *unt his ready-made excuse to bring in the private sector.

But the knock-on effect of the SLHT ‘failure’ is that Lewisham’s A&E services will now be very badly affected: Kershaw’s hugely controversial final SLHT report last week recommended closing the Lewisham units as part of his damage limitation plan. However, his ideas would cost £195m by 2015-16, against which the  ‘payback’ would be only £19.5m per annum.

The game here is for the Hunters to position failures as Trust administrative incompetence (to be compared unfavourably with the private sector) while the Luddites say funds starvation is the only cause. The truth – as first evinced by The Slog in 2010 – is that Lansley’s bonkers cash distribution in favour of private care (just in time for Branson et al to benefit from it) was always going to mean hospital insolvency….but yes, waste in the NHS is pretty appalling.

In short, once again puerile political polemics triumph over patient care. The Observer today champions the ‘closure madness’ Left spin (‘Angry doctors have condemned plans to axe their hospital’s A&E and maternity units as “financial madness”‘) and the Sunday Telegraph the Right spin on ‘only privatisation will solve the problem’. In the latter, a senior regulator at the Care Quality Commission (CQC) Amanda Pollard says poor training of inspectors there, along with irregular inspection of hospitals and a culture of bullying within the watchdog, has left the public at continued risk of another Stafford fiasco. She’s backed her fears by resigning.

The Left would like the NHS to go on leaking money forever, and the Right wants to hand it over to the profiteers. Mutualisation is the answer, but this is media manipulateed UK 2013: the war of words will continue, and only ill citizens will suffer.

~~~~~~~~~~~~~~~~~~

Precisely the same applies to the economic outlook: again in the Torygraph, a prominent piece today depicts the squeeze on household incomes as the result of ‘inflation edging up towards 3pc’, with some clear swipes at Camerlot labouring the point that the Coalition strategy isn’t working. It isn’t, but nothing in the article points an accusing finger at bank madness as the underlying cause of our problem. The Barclay Brothers, you see, loathe the Coalition in general and Cameron in particular. They want Boris in, once he’s toned down his anti-EU rhetoric a little. (Note that he is already doing their bidding).

On the other side, the last thing the Guardian Trust (financially bleeding to death as a result of printing piffle hardly anyone reads) wants is a pro-neocon business Tory Government run by Bojo. So this morning it features a piece about Tory and Labour grandees making a joint plea to urge close EU ties and fight the growing isolationist tide….suggesting that the Tories are split on Europe and thus represent the dangerous electoral option. Along with Liberal Democrat Lord Rennard, Clarke and Mandelson will spearhead a new organisation, the Centre for British Influence through Europe (CBIE). At the same time, Mandy has his own reasons for wanting us to stay put in the EU, and both he and Nick Clegg represent the Establishment troughing axis working to ensure that this is exactly what happens.

Thus we see how a left-wing paper’s elite and a right wing paper’s owners combine insouciantly to bend the news, and foist upon the rest of us a corrupt and wasteful superstate with all the democratic instincts of Vladimir Putin.

19 thoughts on “MEDIA HIJACK: The spinning wheel accelerates

  1. Reblogged this on Machholz's Blog and commented:
    The same can be said for our small corner of the rock (Ireland)! Spin doctors employed by our puppet government are totally in control over the news media .But the ordinary Joe has thank God, has access to real news sources like the Slog to filter out all the noise and lies.
    Well done Sir.

  2. And always remember that Mandelson and Clegg have their fat-cat EU pensions at stake, so no surprise when they’re piping their paymaster’s tune.

  3. For those of us not familiar with the full idea, you might want to do an article on Mutualisation of the NHS.

    I loathe the term ‘grandee’ in its modern context. I think it denotes aged, useless, politician. One thinks of tertiary syphilis, so jaded and worn are they.

    As for Branson, I rather wish we’d failed to find the Virgin Atlantic Challenger1 when sank near Bishop’s rock. If I’d known what a traitor he was going to become I might have shouted ‘Debris in the water port side! long before we got near the swine. You can see why he’s keeping in with the grandees on europe, he wants a slice of that pie. We aught to clearly remember his attempts to keep us in the EU.

    Why do they keep saying isolationist? This is a clever spin I think worthy of Dr Goebbels. We will be no more or less isolated physically, industrially or in any other meaningful way.

    Those who want out need to make sure they trample on this isolationist stuff before it becomes too well seeded.

  4. Pingback: John Ward – Media Hijack : The Spinning Wheel Accelerates – 13 January 2013 | Lucas 2012 Infos

  5. I would question whether objective reporting was ever truly commonplace. All news outlets – and indeed people – have inherent bias, whether they are consciously aware of it or not.

    Re. markets, a case in point – you like everyone have a viewpoint and you view everything through that prism. Your analysis may be correct over the long term, but timing is everything. Right eventually is still wrong right now. Long-standing correlations indicate that while the Euro is gaining ground, as it is, the show will go on.

    Re. Clarke & Mandelson – I think this Bilderberg double-act may well be repellant enough to prove counterproductive to the pro-EU cause. However, the latest polling appears to show a reversal in the prior majority for withdrawal. That, if genuine, IMO has more to do with a general upturn in sentiment than any manoeuvring by the elite and would be consistent with rising markets.

  6. Re CBIE You would have thought that the lazy inept sods would have at least come up with an abreviation that is not already well and truly taken.

    Put CBIE into Google ! I stopped after I got to 50 results on Canadian Education with no sign of Clarke and Mandelson or them being at the centre of anything!

    Not that I’ll be weeping into my beer if a very pompous sounding Centre for British Influence through Europe is a total damp squib.

  7. The only rising markets are those for the un-funded welfare states.
    The US Japan UK most of Europe etc are all spending more than they are earning, mostly on welfare costs that are un-affordable.
    What options do they have other than more QE or default. If you have to spend millions/billions each month to the masses of unemployed you have to borrow or print it.
    There is no way out.

  8. Pingback: Mind the Gaps: between spin doctors, bloggers and tweeters | We Who Oppose Deception

  9. Watch out for the greedy rush of fund money that has recently exited the CME ag futures in favour of equities, pile back in if unfavourable weather threatens a major harvest may/June. Easy pickings for the traders who still have some fingers left.

  10. Fundamentals disappeared from the stock market around 2000. It has been a rigged game since then.
    But faced with increasing inflation, people want to buy something, ANYTHING, that might retain some value.
    If money is pouring in to support stocks, then joining in is probably a good bet for a while. Just make sure you get out before the next downturn.

  11. Pingback: The strange case of the two-headed Camerlot horse | The Slog. 3-D bollocks deconstruction

  12. Great article. I have battling with Graun journos on twitter over the last few days.

    Anything to accelerate the demise of the publishers of Julie Bindel (the Wadical Lesbo), Deborah Orr (the incompetent handmaiden of the patriarchy), Nick Cohen (the hypocrite) and the appalling bullies Suzanne Moore and Julie Burchill the better.

    Orr suggested to me on the phone some time ago that being called Kate Middleton must really annoying. I find it it hilariously funny at times. I think it far preferable to being called ‘Orr which if pronuounced in the right manner…

    One has been in the newsagent this morning and been confronted with a repulsive picture on the front page of the “Sunday Sport”. I find an eyeful of barely concealed twat first thing in the morning rather disturbing and feel incredibly angry that this porn can be sold as a newspaper.

    I am not a prude but the particular pose suggests that the scantily clad chick is dying to be raped in the doggie position by some hairy bloke with a big one; This is part of Rape culture and it should be illegal to put this on display

    But you don’t need a dick to be a rapist and a disgusting hypocrite., Here is Orr pontificating about Savile “grooming the nation”

    http://www.guardian.co.uk/media/2013/jan/12/jimmy-savile-deborah-orr

    And here is her response to an email abou the GMCs view that sexual assault by a doctor “lessens its gravity”

    http://katemiddleton-lsu.blogspot.co.uk/2012_11_01_archive.html

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