Tag: calls

China Calls For New Global Currency And U.S. Says “No!” (2)

Economic NewsDespite the latest attempt by Chinese authorities to smooth the drop, Asian equity markets traded lower as the rout in global stocks continued which saw US stocks post its worst month since May 2012 (S&P 500 -0.8%). As a part of capitalism’s emphasis on high-efficiency, sociology and phycology professors, Croteau, Hoynes, and Milan (2011) have argued that the corporate news media owners demanded substantial returns on their investments” (p.59), which created profit pressures. Croteau, Hoynes and Milan (2011) wrote, Newspaper editors, increasingly trained in the world of business instead of news reporting, focus more on marketing and packaging the news” (p. 59). Packaging the news entails sensationalism and bias, which hinders the consumer’s ability to distinguish between the quality of the media’s goods—information. As for the market, the media play a role in the flow of economic information in an economy.

In other words, the news media will most likely …