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You sound like someone still addicted to breaking news. The point of the article is that the reliable information value of breaking news is exactly zero. Until
by Joeri 14y ago
You sound like someone still addicted to breaking news.
The point of the article is that the reliable information value of breaking news is exactly zero. Until you get the summarized and verified end-of-week report, you're being entertained instead of informed.
Breaking news is lead generation. It's a stream of leads which may turn out to have a fact at the end. The right audience for that are journalists, not regular people. Tracking live news without doublechecking everything you hear is a way of satisfying information addiction, but it is not a way of getting informed.
- mcphilip 14y agoI get your point and think it's well stated, I just don't see that it's valid for all types of breaking news. My usage of breaking news is mostly related to participation in the stock market. Sometimes there is breaking news that will immediately alter the outlook for stocks and bonds around the globe. For instance, the Bank of Japan recently set a target of purchasing 60-70 trillion yen worth of long-term debt and securities per year in an effort to fight against deflation. This type of news is released unpredictably and waiting for an "end-of-week report" may not adequately meet my asset management goals.