September 24, 2009

News values

"Sweeping new powers could see Brussels seize control of City", reports Ambrose Evans-Pritchard in the Telegraph.

And where will you find this report? Not on their front page. On page 2, maybe? No. In fact their main news section can find space for a swearing airline boss, and for detailed coverage of Gadaffi's 90+ minute rant at the UN (tee hee), but not for this important story. No, you have to look at their business section.

It'll be on their front page there, then. Well, no, it's the lead on page B5. Even odder, Damian Reece writes about French and German lines on banking regulation with no sign that he's read the report at all, concluding:
Neither Steinbrück's foaming mouth nor Sarkozy's Napoleonic stomps should be allowed to hijack one of the few opportunities we have of sorting this mess out properly, with maturity and in a measured way.

No one needs workable, meaningful reform of financial services more than the UK given its importance to our economy. But neither should we be afraid to pursue those rational reforms unilaterally without the French or Germans. Remember, their own banks face a new lurch towards crisis, having been in denial about their rotten balance sheets. We should avoid being dragged down with them.
And he's sure we have the choice?

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