I remember the flash of enlightenment I felt in high school when I first read a short story that addressed the ability of the Press to shape the news. It is not just what is reported, but how it is reported that frames how we perceive the world around us. The president says "Have a happy day". Depending on how the news frames that statement, it could either be seen as a cheerful expression of optimism, or a fascist attempt to impose an opinion on a skeptical populace.
Consider today's speech from Ben Bernake where he expressed the opinion that the Recession will end this year, but warned people that if credit markets do not begin acting rationally that it could last up the three years.
Headline from CNN?
Bernanke: Recovery will take years: http://money.cnn.com/2009/02/24/news/economy/bernanke/index.htm?postversion=2009022410
Headline from MyWay.Com?
Bernanke: Recession may end in '09: http://apnews.myway.com/article/20090224/D96I2KCG1.html
Always be aware that you need to remain skeptical toward news reports. You never know what bias (politics, philosophy, mood of the day) may be coloring the reporting you read.
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