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	<title>Comments on: Iran and Prognosticators</title>
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	<link>http://chicagoboyz.net/archives/7751.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: Jack Coupal</title>
		<link>http://chicagoboyz.net/archives/7751.html/comment-page-1#comment-324374</link>
		<dc:creator>Jack Coupal</dc:creator>
		<pubDate>Sun, 05 Jul 2009 14:20:04 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=7751#comment-324374</guid>
		<description>I&#039;m wondering if General Electric&#039;s selling to Iran - of God knows what products/technology - that props up the regime began with Jack Welch or is another brainstorm by Jeffrey Immelt.</description>
		<content:encoded><![CDATA[<p>I&#8217;m wondering if General Electric&#8217;s selling to Iran &#8211; of God knows what products/technology &#8211; that props up the regime began with Jack Welch or is another brainstorm by Jeffrey Immelt.</p>
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		<title>By: Dan from Madison</title>
		<link>http://chicagoboyz.net/archives/7751.html/comment-page-1#comment-324220</link>
		<dc:creator>Dan from Madison</dc:creator>
		<pubDate>Tue, 30 Jun 2009 10:39:05 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=7751#comment-324220</guid>
		<description>&quot;News&quot; is such an odd commodity.  Even worse is commentary.

I break down the &quot;news&quot; into two basic groups.  1) Fact reporting &quot;the dow went up this many points, the Cubs lost 4-3, Chicago had 6 murders this weekend, etc.&quot;, and 2) the rest is opinion and/or commentary and usually is worthless.  

Many of the things that are reported upon are extremely complex when you think about them.  I once read an entire supreme court case including the supporting documents on both sides and it was a crushing load of facts and historical interpretation of the Constitution.  Of course the papers and cables break it down into one liners and 30 second sound bytes.

A recent example - I would imagine that Michael Jackson&#039;s estate is a tangled mess of crap that will take months (years?) to unravel, and I assume that state laws, federal laws, and laws of other countries (overseas assets or debts) will need to be looked at to get it done.  Yet all we see in the paper or news flash is that so and so &quot;filed&quot; for this.

One problem is that as a whole most people simply don&#039;t care about most outcomes and just swallow the provided commentary whole.  In the defense of &quot;people&quot;, life is busy.  I, for one, don&#039;t care about MJ&#039;s estate so will be following that with one liners provided by people who know less than nothing about settling an estate.  One day I may go to some lawyer blog and read about it as for a guy like myself, that would be some interesting reading if it is made public (who gets the stuffed life sized Peter Pan?).

The other problem is that if you had a bunch of intelligent people reoprting and commenting on the news there would be a very small market for it - just sit in your local mall for 30 minutes and observe the people walking by and you will see what I mean.</description>
		<content:encoded><![CDATA[<p>&#8220;News&#8221; is such an odd commodity.  Even worse is commentary.</p>
<p>I break down the &#8220;news&#8221; into two basic groups.  1) Fact reporting &#8220;the dow went up this many points, the Cubs lost 4-3, Chicago had 6 murders this weekend, etc.&#8221;, and 2) the rest is opinion and/or commentary and usually is worthless.  </p>
<p>Many of the things that are reported upon are extremely complex when you think about them.  I once read an entire supreme court case including the supporting documents on both sides and it was a crushing load of facts and historical interpretation of the Constitution.  Of course the papers and cables break it down into one liners and 30 second sound bytes.</p>
<p>A recent example &#8211; I would imagine that Michael Jackson&#8217;s estate is a tangled mess of crap that will take months (years?) to unravel, and I assume that state laws, federal laws, and laws of other countries (overseas assets or debts) will need to be looked at to get it done.  Yet all we see in the paper or news flash is that so and so &#8220;filed&#8221; for this.</p>
<p>One problem is that as a whole most people simply don&#8217;t care about most outcomes and just swallow the provided commentary whole.  In the defense of &#8220;people&#8221;, life is busy.  I, for one, don&#8217;t care about MJ&#8217;s estate so will be following that with one liners provided by people who know less than nothing about settling an estate.  One day I may go to some lawyer blog and read about it as for a guy like myself, that would be some interesting reading if it is made public (who gets the stuffed life sized Peter Pan?).</p>
<p>The other problem is that if you had a bunch of intelligent people reoprting and commenting on the news there would be a very small market for it &#8211; just sit in your local mall for 30 minutes and observe the people walking by and you will see what I mean.</p>
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		<title>By: Jonathan</title>
		<link>http://chicagoboyz.net/archives/7751.html/comment-page-1#comment-324216</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Tue, 30 Jun 2009 05:28:21 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=7751#comment-324216</guid>
		<description>&lt;i&gt;The 24 hour news channels are a void of chatter, scrolling news tickers, and loud updates.&lt;/i&gt;

Great line.</description>
		<content:encoded><![CDATA[<p><i>The 24 hour news channels are a void of chatter, scrolling news tickers, and loud updates.</i></p>
<p>Great line.</p>
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		<title>By: renminbi</title>
		<link>http://chicagoboyz.net/archives/7751.html/comment-page-1#comment-324207</link>
		<dc:creator>renminbi</dc:creator>
		<pubDate>Tue, 30 Jun 2009 02:02:45 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=7751#comment-324207</guid>
		<description>A lot of people make their living selling ideas.People usually buy ideas or stories that make them feel good or that entertain them. The default position for people is to not be serious about the ideas they entertain. So you can feel good about electing incompetent politicians if you can pat yourself for being more sensitive, or whatever.
              If you choose an incompetent plumber,or doctor, or buy a car made by an incompetent automaker you won&#039;t feel good.You know the product is bad. The reason our chattering class is so bad is because the consumer of words is not serious.He never has been.  The internet may help a little by making good product more available.</description>
		<content:encoded><![CDATA[<p>A lot of people make their living selling ideas.People usually buy ideas or stories that make them feel good or that entertain them. The default position for people is to not be serious about the ideas they entertain. So you can feel good about electing incompetent politicians if you can pat yourself for being more sensitive, or whatever.<br />
              If you choose an incompetent plumber,or doctor, or buy a car made by an incompetent automaker you won&#8217;t feel good.You know the product is bad. The reason our chattering class is so bad is because the consumer of words is not serious.He never has been.  The internet may help a little by making good product more available.</p>
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