Posts Tagged ‘Media Navel Gaze’

Media Navel Gaze

The Week Unpeeled

No doubt Caitlyn and Fifa dominated headlines and more last week (and more later) but one of the interesting themes in the media focused on cyber-security and otherwise, with one of the largest data breaches hitting federal-employee records (which allegedly originated in China). In addition and of major significant two more developments:  The Obama administration signed into law legislation that would dramatically curtails federal surveillance of American phone records, and the NSA was given broader scope in surveillance of US internet traffic in an effort to uncover international hacking.  Lot to think about and stories that forced editors to search for many Snowden headshots.

Elsewhere:

  • Fifa Fo Bum: The federation is exposed amid alleged global scandals and its president, Sepp Blatter, steps down, putting the spotlight not just on soccer but the US attorney general
  • “Call Me Caitlyn” breaks the Internet, stereotypes and the K factor and actually seemed a little overexposed and tired by end of week;
  • Netflix continued its global reach adding more European countries to its roster of overseas viewers;
  • Everyone seems to be streaming with Apple TV announcing the addition of ShowTime;
  • US stocks ended lower for the week, with the Dow down nearly 1 percent to close at 17,849
  • American Pharoah wins the Triple Crown, first since 1978; and
  • Viagra for women is coming!

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Media Navel Gaze

The Week Unpeeled

The unrest in Baltimore continued to lead the news last week and through the weekend with six police officers charged in the death of Freddie Gray, a 25-year-old man who died in custody from spinal injuries; the speed and breadth of the prosecutor’s official charges were somewhat of a surprise amid quick debate on whether this was a rushed judgment.  A story no doubt that will remain a media focus for some time.

Elsewhere:

  • Warren Buffett held his annual meeting over the weekend and received more ink than usual because the event marked his 50 years at the helm of Berkshire Hathaway;
  • Tesla announced plans to launch batteries for business and domestic use, a news items that received various degrees of media play with FTWeekend placing the story as its lead in its US editions on Saturday;
  • Social-media companies like LinkedIn, Twitter and Yelp were unliked by investors last week and took a hit in the market amid disappointing financial results; Twitter was the victim of pretty negative tweets, in fact, after results were posted early forcing a halt in trading at one point;
  • Copy That and Pretty Cool: Lowe’s introduced 3-D scanning and printing services (or poetically also known as additive manufacturing) at one of its stores in Mountain View, Calif.;
  • The Dow ended a pretty volatile week down 0.3 percent following a rally Friday that saw the average close at 18,024;
  • The co-founder of Weight Watchers died, an obit that received front-page attention at The New York Times;
  • The Duke and Duchess of Cambridge produced an heiress, the first princess in 25 years and fourth in line for the throne;
  • American Pharoah won the Derby; and
  • #MayPac happened and happened bigger and better for Mayweather in one of the richest sporting events ever. No doubt #TBE.

LatAm Gaze:

  • The New York Times published an interesting editorial analyzing the state of Puerto Rico’s finances
  • Venezuelan president Nicolás Maduro on Worker’s Day this week raised his country’s minimum wage by 30% to try offsetting the nation’s high inflation growth, which some experts say could reach triple digits this year
  • March unemployment in Colombia posted its lowest monthly figure in 15 years
  • New data show that Uruguayan banks in 2014 invested over 10% less domestically than the year prior
  • The IMF this week projected 2015 economic growth in Central and Latin America will slow for the 5th consecutive year
  • Chilean volcano Calbuco erupted this week for the 3rd time in eight days, leading to another evacuation in the region. End of Story
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Media Navel Gaze

The Week Unpeeled

Headlines turned their attention to the Mideast last week with focus on Iran’s deal hammered out with six nations to limit its nuclear program with commentary as much on the detail of the outline of the deal asto Israel’s reaction (“threaten survival”) and President Obama’s strategic foreign-policy decision to unclench the fist with one of its toughest advisories.

Elsewhere:

  • The US unemployment report showed that job growth was slowing and raised questions on whether the Fed would become even more “patient” in when it may unclench its tight fist on credit;
  • In March, nonfarm payrolls rose just 126,000, below expectations and the weakest increase in 15 months; The jobless rate held steady at 5.5 percent;
  • Stocks ended a shortened trading week slightly higher, with the Dow up 0.3 percent to end Friday at 17,763; For the quarter, the Dow is basically flat, losing also just 0.3 percent but also just 2.8 percent below its all-time high;
  • Former Fed Chief Ben Bernanke has launched a blog (debuting Monday), with first post on low interest rates, under the plain English title of “Ben Bernanke’s Blog” hosted by the Brookings Institute;
  • Former New York Mayor Michael Bloomberg is being considered as a candidate for Mayor of London, citizenship apparently not required;
  • Indiana Gov. Pence entered the culture wars last week with a now amended law that some say would lead to discrimination against gays and lesbians; many large corporations emerged as either gay-rights activists or smart businesses rallying against the Indiana Religious Freedom Information Act;
  • California put in place mandatory water-use reductions, the first time in the state’s history;
  • McDonald’s raised pay and offered new benefits and placed full-page ads behind the move in major dailies; and
  • “The Daily Show” named Trevor Noah as its new host, replacing Jon Stewart amid a mini-social-media storm over the South African’s comics comedy may be offensive to some (seriously?).

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Media Navel Gaze

The Week Unpeeled

The Germanwings tragedy was front-page news and lead broadcast story for much of last week, with more and more creepy details emerging swiftly each day, focusing recently on the state of depression of the co-pilot who reportedly intentionally crashed the airliner into a French mountainside.  The event unfortunately made it clear that the media and public are becoming very expert at these stories now.

Elsewhere:

  • Kraft will merge with Heinz in an approximately $50 billion deal, a story that put the spotlight on the food industry and the Brazilian PE firm, 3G, which owns Heinz and is known for its cost-cutting strategies;
  • Jurors in San Francisco found that VC firm Kleiner Perkins did not sexually discriminate against a former partner in a very closely watched;
  • Amanda Knox’s murder conviction in Italy was overturned;
  • Facebook said it is considering hosting news content directly on its site – linkfree -- so that readers will not have to visit, for example, Buzzfeed or the New York Times web sites for articles;
  • The NFL is experimenting with totally digital strategy when it announced last week that it would “broadcast” a game on a national platform (not TV), which will open the door to a wonderful scrimmage of digital rights, viewership, advertising, etc.;
  • The Dow fell 2.3 percent for the week to end Friday at 17,712; and
  • Never Too Late:  Richard III got a proper funeral last week, five centuries later in Leicester after his bones had been discovered under a parking lot.

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Media Navel GazeThe Week Unpeeled

The US economy continued to show signs of strength with the monthly employment report last week as non-farm payroll rose 295,000 in February, marking the best 12-month run in 10 years; the unemployment rate fell to 5.5 percent.  All good in large part (wages are still weak, however), but analysis focused on the tough predicament for the Fed amid speculation that the zero-rate policy will soon give way to higher rates. Stay tuned for volatile markets, no doubt.

Elsewhere:

  • Hillary Clinton’s use of personal email for State Department business continues to make for prickly headlines (“Stuck in Scandal Lane,” WSJ Peggy Noonan, Declarations column), heating up a practice that is counter to government policy;
  • Apple became part of the Dow Jones Industrial Average, the largest company in the world now by market value; Apple also saw its smartphone sales top Samsung’s, a first in the last four years, but its mobile pay system hit by fraud;
  • The Dow itself, meanwhile, staged one of its largest sell-offs last week to end Friday at 17,856; earlier in the week Nasdaq closed over 5,000, the first time in 15 years;
  • Former NBC News chief Andy Lack is back at the network amid a C-suite shake up;
  • Goldman Sachs is planning to launch its own messaging service this summer called Symphony for Wall Street communications and social networking;
  • Google is planning a wireless service;
  • Israeli Prime Minister Netanyahu comes down hard at the UN calling the Obama Iran plan a “bad deal”; and
  • Bieber turned 21 and Kim turned blonde.

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