Journalism

"After the bubble burst, the [New York Stock Exchange] regulators decided that it was not nice for an analyst to tout a stock without mentioning that he owned the stock or that his employer was the company's investment banker. So they ruled that such conflicts had to be disclosed. Fair enough. But to whom? Many investors learn analysts' opinions not from reading brokerage reports but from news media reports. So the Big Board said that the firms had to make sure that broadcasters who quoted the analysts had to pass on the disclosure.

"The model for me for someone in the public relations business is, to a certain extent, the U.S. military," journalist and Watergate legend Bob Woodward said in a keynote address to the Public Relation's Society of America's National Capital Chapter in Washington, D.C. PRSA's Strategist reports how Woodward, assistant managing editor of the Washington Post, defines the model PR professional. "The best sources for straight information were people in the U.S.

Veteran journalist Helen Thomas is angered by the Bush administration's "bullying drumbeat" of war. "Where is the outrage?" she said in a talk at the Massachusetts Institute of Technology. "Where is Congress? They're supine! Bush has held only six press conferences, the only forum in our society where a president can be questioned. I'm on the phone to [press secretary] Ari Fleischer every day, asking will he ever hold another one? The international world is wondering what happened to America's great heart and soul. ... I do not absolve the press. We've rolled over and played dead, too."

A University of Southern California shows that local television newscasts have been barely covering the 2002 campaign. As a result, candidates are forced to spend all their time "dialing for dollars" from big campaign donors so they can promote themselves through paid advertising. "They don't go to talking to people. They don't do the kinds of visits to public fora that they used to, because they know it's a total waste of time," says Martin Kaplan of USC's Annenberg School for Communication.