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	<title>Comments on: Not Getting It&#8230; On Expropriation</title>
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	<link>http://chicagoboyz.net/archives/5906.html</link>
	<description>Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago boys including those pictured above.</description>
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		<title>By: DJK</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241493</link>
		<dc:creator>DJK</dc:creator>
		<pubDate>Wed, 25 Jun 2008 18:17:02 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241493</guid>
		<description>I suspect the reason the two articles are together is because someone did &quot;get it&quot;. :-)</description>
		<content:encoded><![CDATA[<p>I suspect the reason the two articles are together is because someone did &#8220;get it&#8221;. :-)</p>
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		<title>By: renminbi</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241213</link>
		<dc:creator>renminbi</dc:creator>
		<pubDate>Tue, 24 Jun 2008 21:11:28 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241213</guid>
		<description>MSM ad revenues are down double digits from the previous year and this thread shows why. We see how the best newspaper in this country gives no context to events in a robber state and then the viewership provides plenty of context on both Russia and journalism.Anyone reading this could save a bundle staying away from either.Good blogs connect the dots; the MSM is good for those who don&#039;t care what they soak up.</description>
		<content:encoded><![CDATA[<p>MSM ad revenues are down double digits from the previous year and this thread shows why. We see how the best newspaper in this country gives no context to events in a robber state and then the viewership provides plenty of context on both Russia and journalism.Anyone reading this could save a bundle staying away from either.Good blogs connect the dots; the MSM is good for those who don&#8217;t care what they soak up.</p>
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		<title>By: Not a Yank</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241188</link>
		<dc:creator>Not a Yank</dc:creator>
		<pubDate>Tue, 24 Jun 2008 20:03:51 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241188</guid>
		<description>The risk that Russia would steal the property after BP invested was obvious from the moment the deal was conceived.  The BP executives understood this risk.  The value that BP brought to the project was the ability to get the crude to market.  When the demand for oil put paid to BP&#039;s sales lever then all that BP was left with was negotiating from weakness.  

My problem with BP&#039;s decision and Shell&#039;s participation is these projects is that they did not seize a hostage to prevent this outcome.   When dealing with rogue states is imperative that you have valuable hostages to ensure that the barbarians on the other side live up to the bargain.</description>
		<content:encoded><![CDATA[<p>The risk that Russia would steal the property after BP invested was obvious from the moment the deal was conceived.  The BP executives understood this risk.  The value that BP brought to the project was the ability to get the crude to market.  When the demand for oil put paid to BP&#8217;s sales lever then all that BP was left with was negotiating from weakness.  </p>
<p>My problem with BP&#8217;s decision and Shell&#8217;s participation is these projects is that they did not seize a hostage to prevent this outcome.   When dealing with rogue states is imperative that you have valuable hostages to ensure that the barbarians on the other side live up to the bargain.</p>
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		<title>By: TMLutas</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241171</link>
		<dc:creator>TMLutas</dc:creator>
		<pubDate>Tue, 24 Jun 2008 18:14:21 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241171</guid>
		<description>There&#039;s money to be made for reliable information smartly packaged. The current business models are obviously broken so the only thing left to figure out is who will crack the code and provide a viable alternative. It&#039;s very unlikely to be any of the incumbents.</description>
		<content:encoded><![CDATA[<p>There&#8217;s money to be made for reliable information smartly packaged. The current business models are obviously broken so the only thing left to figure out is who will crack the code and provide a viable alternative. It&#8217;s very unlikely to be any of the incumbents.</p>
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		<title>By: Tatyana</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241170</link>
		<dc:creator>Tatyana</dc:creator>
		<pubDate>Tue, 24 Jun 2008 18:13:50 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241170</guid>
		<description>Carl, familiarity with 19 cent history might be problematic for internet generation. But then you&#039;d expect them to be used to reading blogs, at the very least.
I don&#039;t particularly follow the energy/oil/business blogs (as the professional journalist might), but as someone who reads &lt;a href=&quot;http://www.desertsun.co.uk/blog/?p=354&quot; rel=&quot;nofollow&quot;&gt;this one&lt;/a&gt;, I anticipated this outcome, together with Tim Newman, way back in April...</description>
		<content:encoded><![CDATA[<p>Carl, familiarity with 19 cent history might be problematic for internet generation. But then you&#8217;d expect them to be used to reading blogs, at the very least.<br />
I don&#8217;t particularly follow the energy/oil/business blogs (as the professional journalist might), but as someone who reads <a href="http://www.desertsun.co.uk/blog/?p=354" rel="nofollow">this one</a>, I anticipated this outcome, together with Tim Newman, way back in April&#8230;</p>
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		<title>By: Marty</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241164</link>
		<dc:creator>Marty</dc:creator>
		<pubDate>Tue, 24 Jun 2008 17:53:16 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241164</guid>
		<description>Totally agree, very few journalists know very much about anything, including basic reporting skills the older generation learned on the graveyard police shift at City News.  Add to that, many/most are pretty lazy and all are very high on themselves and think they know far more than they do.

Whenever I&#039;m at a social function with media types, esp. editors or managers, I ask what, exactly, do they teach at J-schools.  I usually get a dumb look and have to repeat the question.  If I persist, I eventually get an answer that is laughable, risible, or meaningless.

Journalism, like P-12 education, is being ruined by a variety of things, but academic pretensions and credentialism are high on the list in both cases.  Primary and secondary education would be far better served by bringing back the old normal schools, and journalism by an apprenticeship model (if there are any &quot;master journalists&quot; left, who could mentor apprentices) like the old City News.  These are fields you should have a love for and learn by doing.</description>
		<content:encoded><![CDATA[<p>Totally agree, very few journalists know very much about anything, including basic reporting skills the older generation learned on the graveyard police shift at City News.  Add to that, many/most are pretty lazy and all are very high on themselves and think they know far more than they do.</p>
<p>Whenever I&#8217;m at a social function with media types, esp. editors or managers, I ask what, exactly, do they teach at J-schools.  I usually get a dumb look and have to repeat the question.  If I persist, I eventually get an answer that is laughable, risible, or meaningless.</p>
<p>Journalism, like P-12 education, is being ruined by a variety of things, but academic pretensions and credentialism are high on the list in both cases.  Primary and secondary education would be far better served by bringing back the old normal schools, and journalism by an apprenticeship model (if there are any &#8220;master journalists&#8221; left, who could mentor apprentices) like the old City News.  These are fields you should have a love for and learn by doing.</p>
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		<title>By: Jonathan</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241147</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Tue, 24 Jun 2008 16:23:30 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241147</guid>
		<description>&lt;i&gt;In my experience, journalist are not very well educated. The essential skill of the journalist is getting people to talk to you. That is harder than it sounds but it doesn’t qualify a person to have an experts understanding of any randomly selected subject one gets assigned to.&lt;/i&gt;

Yeah. Also, the journalism profession has a bias against specialization, so you get people covering important issues who miss things and are easily manipulated, because they don&#039;t know the field. Without expertise and the possibility of original analysis, journalists are left with &quot;access&quot; and gossip-mongering. The worst of these people, such as CNBC&#039;s Maria Bartiromo and Charles Gasparino (who, BTW, used to and perhaps still does write for the WSJ), make their careers by serving as conduits for other people&#039;s agendas.

I think that there are occupations where the people are systematically second-rate. In the case of big-media journalism this is due, IMO, to the fact that people with real expertise and/or analytical skills have much-better-paying options than MSM jobs, and also to the tendency of journalism executives and j-school professors to treat expertise and business experience as prima facie evidence of conflict of interest for journalists. (Of course, bloggers aren&#039;t hamstrung by these constraints.)</description>
		<content:encoded><![CDATA[<p><i>In my experience, journalist are not very well educated. The essential skill of the journalist is getting people to talk to you. That is harder than it sounds but it doesn’t qualify a person to have an experts understanding of any randomly selected subject one gets assigned to.</i></p>
<p>Yeah. Also, the journalism profession has a bias against specialization, so you get people covering important issues who miss things and are easily manipulated, because they don&#8217;t know the field. Without expertise and the possibility of original analysis, journalists are left with &#8220;access&#8221; and gossip-mongering. The worst of these people, such as CNBC&#8217;s Maria Bartiromo and Charles Gasparino (who, BTW, used to and perhaps still does write for the WSJ), make their careers by serving as conduits for other people&#8217;s agendas.</p>
<p>I think that there are occupations where the people are systematically second-rate. In the case of big-media journalism this is due, IMO, to the fact that people with real expertise and/or analytical skills have much-better-paying options than MSM jobs, and also to the tendency of journalism executives and j-school professors to treat expertise and business experience as prima facie evidence of conflict of interest for journalists. (Of course, bloggers aren&#8217;t hamstrung by these constraints.)</p>
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		<title>By: Shannon Love</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241138</link>
		<dc:creator>Shannon Love</dc:creator>
		<pubDate>Tue, 24 Jun 2008 15:41:16 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241138</guid>
		<description>In my experience, journalist are not very well educated. The essential skill of the journalist is getting people to talk to you.  That is harder than it sounds but it doesn&#039;t qualify a person to have an experts understanding of any randomly selected subject one gets assigned to. 

I think the problem in business reporting especially acute. Who grows up wanting to be in business journalism? People end up in business journalism because they couldn&#039;t get the high status political beat. 

As for BP itself, I think it merely another case hubris. People who rise to the top  of major corporations are very smart and used to outwitting others. They assume that because they can control events in a lawful environment that they can control events in a lawless one. 

As my grandfather once observed, just because your tough doesn&#039;t mean the snake won&#039;t bite you.</description>
		<content:encoded><![CDATA[<p>In my experience, journalist are not very well educated. The essential skill of the journalist is getting people to talk to you.  That is harder than it sounds but it doesn&#8217;t qualify a person to have an experts understanding of any randomly selected subject one gets assigned to. </p>
<p>I think the problem in business reporting especially acute. Who grows up wanting to be in business journalism? People end up in business journalism because they couldn&#8217;t get the high status political beat. </p>
<p>As for BP itself, I think it merely another case hubris. People who rise to the top  of major corporations are very smart and used to outwitting others. They assume that because they can control events in a lawful environment that they can control events in a lawless one. </p>
<p>As my grandfather once observed, just because your tough doesn&#8217;t mean the snake won&#8217;t bite you.</p>
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		<title>By: renminbi</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241137</link>
		<dc:creator>renminbi</dc:creator>
		<pubDate>Tue, 24 Jun 2008 15:36:29 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241137</guid>
		<description>The pity of it is that the WSJ is the only large scale paper left that is professional ;if anyone comes close let me know. The others don&#039;t even go through the motions of honest reporting. Interesting too how how people fail to ask the most obvious questions.
           Don&#039;t imagine the NYTimes-you will enjoy that as much as imagining Bella Abzug in a Bikini.</description>
		<content:encoded><![CDATA[<p>The pity of it is that the WSJ is the only large scale paper left that is professional ;if anyone comes close let me know. The others don&#8217;t even go through the motions of honest reporting. Interesting too how how people fail to ask the most obvious questions.<br />
           Don&#8217;t imagine the NYTimes-you will enjoy that as much as imagining Bella Abzug in a Bikini.</p>
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		<title>By: Paul from Florida</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241073</link>
		<dc:creator>Paul from Florida</dc:creator>
		<pubDate>Tue, 24 Jun 2008 10:11:45 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241073</guid>
		<description>You would of thought BP had heared of Shell and their Shakilin island project.  I guess not.

Besides reporters, how about editors?  And if this is the, ahem, quality at the WSJ, just imagine The New York Times.</description>
		<content:encoded><![CDATA[<p>You would of thought BP had heared of Shell and their Shakilin island project.  I guess not.</p>
<p>Besides reporters, how about editors?  And if this is the, ahem, quality at the WSJ, just imagine The New York Times.</p>
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		<title>By: Jonathan</title>
		<link>http://chicagoboyz.net/archives/5906.html/comment-page-1#comment-241007</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Tue, 24 Jun 2008 04:30:34 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=5906#comment-241007</guid>
		<description>Journalism doesn&#039;t pay well. Most people who know business and see the angles have better professional options than journalism. The better financial journalists become specialists or consultants or go into industry or write books. Who does that leave to write articles like the ones you discuss?</description>
		<content:encoded><![CDATA[<p>Journalism doesn&#8217;t pay well. Most people who know business and see the angles have better professional options than journalism. The better financial journalists become specialists or consultants or go into industry or write books. Who does that leave to write articles like the ones you discuss?</p>
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