These are some of the stock trading and investment apps that you will find on the Android App store that can assist you with your financial management and stock portfolio reviews. In other words, the news media will most likely support legislation that reinforces market ideals, but will still criticize actors that violate accepted business norms, injure innocents, and jeopardize the market system as a whole” (Herman, 2002, p. 78). News media conglomerates have generated more revenue by providing information which reinforces a viewer’s values. Since the American viewer values the ideals of capitalism: competition, social mobility, and equal opportunity, the news media does not challenge those values.
This has been most recently illustrated in a two month survey of the news media’s treatment of the unemployment crisis. ThinkProgress (2011), an American political blog sponsored by the Center for American Progress, conducted a study during the last week of July and found the word debt” was mentioned more than 7,000 times on MSNBC, CNN, and Fox News while the word unemployed” was only mentioned 75 times. Investment spending crashed almost three times faster than economists had forecast in the September quarter.
Kat Stoeffel (2011), a reporter at The New York Observer, has claimed that mainstream news outlets did not give the protestors any attention in the first five days of the protests. On September 24, around 80 people were arrested for blocking traffic, and CBS, ABC, The Huffington Post, and other smaller news outlets reported on the arrests. Organizers estimated that between 10,000 and 20,000 people marched, while ABC news reported that there were a few thousand” (ABC News, 2011). The Occupy movements and their anti-capitalism sentiments were perhaps unwelcome in the news media until the movement grew to the point of undisputable news worthiness.
But, this pro-market bias may encourage news outlets not to seek the informational and political basis for makingits excess and failures”(Herman, 2002, 78). Political events on the other side of the world could easily affect business confidence which, in turn, could affect investment decisions (Keynes, 1971). But, some argue that the business media have interests and pressures in only portraying positive news about financially related items.
Bowles (2006) wrote, The unconstrained workings of the capitalist economy would therefore produce continual swings in the level of employment matching the swings in entrepreneurs’ confidence about the future and reflected in their investment spending” (p. 60). Although the news media and business media may not always report positively on the economy or financial institutions, there is pressure to optimistically report about financial institutions. When investments are high, investors and companies are focused on their growth and therefore relay only positive news to the media (Dyck and Zingales, 2002).