Media watch – Wednesday

15 August 2018

MediaWatch

Media Watch is a focus on New Zealand media, blogs and social media. You can post any items of interested related to media.

A primary aim here is to hold media to account in the political arena. A credible and questioning media is an essential part of a healthy democracy.

A general guideline – post opinion on or excerpts from and links to blog posts or comments of interest, whether they are praise, criticism, pointing out issues or sharing useful information.

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18 Comments

  1. The erosion of Sky’s hold on sport continues.

    Sky scoffed at the news, saying English football was a small fraction of their audience, but it must be a concern for them. Their virtual monopoly is slipping away.

  2. ODT have run an excellent series of articles on this that raised serious concerns about how the church mishandled sexual abuse.

    • Gezza

       /  August 15, 2018

      Went right thru the Catholic school system to 6th form. So did my brothers & sisters. Served as an altar boy for several years at mass, both brothers did also. We never encountered a single instance of sexual abuse in all that time. Nor did any of our friends from that era.

      Then I went to my uncle’s funeral a couple of years back. He had left specific instructions he didn’t want a religious farewell so it was a Country & Western send off. His brother the priest usually did the family funerals and read out a prayer as expected. Nobody minded – a long as it wasn’t a bloody requiem mass!

      I spent some time that evening alone with my aunty, his widow, before heading back to Wellington. Mum’s family had 10 kids, and were poor, and in his childhood my uncle had been sent to live at a convent for a while. My aunt told me he had been abused there by the chaplain. Nothing was ever done about it. I can imagine the pressure brought to bear by the Church to keep it quiet back then.

      My uncle & aunty both loathed the Catholic Church & he refused to have anything to do with it as soon as he left home.

  3. Blazer

     /  August 15, 2018

    broadcasting must be lucrative…Leighton Smiths hut was over 10 mil…and now this..

    https://www.stuff.co.nz/life-style/homed/celebrity-homes/106260203/remuera-mansion-owned-by-hosking-and-hawkesby-goes-for-96m

  4. High Flying Duck

     /  August 15, 2018

    This is for Blazer if you haven’t seen it. A quite fascinating story of “The water fountain that measures money”:

    MONIAC was designed and built by Bill Phillips, a New Zealand economist who grew up on a dairy farm near Dannevirke, spent most of his career as a professor at the London School of Economics and who flatters New Zealand’s conception of ourselves as humble but ingenious folk solving the world’s problems with can-do and bits of fencing wire to such an outrageous degree it’s a miracle there aren’t giant statues of him looming over our cities.

    ….

    The crowd, dense with future Nobel laureates, regarded the machine with extreme scepticism, which deepened when Phillips – chain smoking; hands trembling – activated it and the pumps screamed and sprayed pink liquid around the system, like a wounded animal with a severed artery. The scepticism turned to astonishment as the machine reached an equilibrium, accurately displaying the relationships between economic variables, and they grasped what Phillips had accomplished: the first ever computational model of an economy.

    https://thespinoff.co.nz/partner/objectspace/15-08-2018/the-single-object-the-water-fountain-that-measures-money/

      • High Flying Duck

         /  August 15, 2018

        I read it. And Don Brash agrees.
        I think it’s a bit simplistic myself and doesn’t tell the whole story. As a commenter said, to imply our economy is in a worse place than 1990 is complete rubbish.
        It also doesn’t take into account the various challenges faced by both the Clark govt and Key Government when they were elected.
        That said, there is no doubt there was wasted opportunity ion the last 18 years. Very much a product of MMP to my mind. You cannot make meaningful reform under the current electoral system.

        • Blazer

           /  August 15, 2018

          a bit simplistic seems a popular conclusion around here lately.

          Don Brash!!….so we are stuck with no meaningful reform in the near future…then.
          Very pessimistic assessment. 😉

  5. Blazer

     /  August 15, 2018

    very interesting but all to no avail.
    This is quite ironic for Philips…’the Great Depression hit, devastating the agricultural sector and wiping out their savings. ‘

    here is a big part of the problem..’


    today’s high performance computers and machine learning algorithms. They execute the majority of financial trades; human transactions account for only a tiny fraction of global commerce: AIs running on massively parallel architectures perform trillions of operations per second. The global derivatives market – hedges, speculations, forecasts – is packaged into complex financial products, their total value estimated at over a quadrillion dollars: ten times global GDP; constellations of data, self-assembling, proliferating: recondite complexity, impossible to forecast. ‘

    Simple solutions are best=if you do not have interest bearing compounding debt predicated on infinite growth’ and infinite creation of money supply….interst rates,forex rates and derivative devices would be redundant.

    • High Flying Duck

       /  August 15, 2018

      Just thought you’d enjoy the read – it’s a fascinating story.
      As to the complexities of the financial system. Who knows – I’m sure every aspect was designed to solve a problem, but as to whether it is in our best interests now, I wouldn’t know.

      That said, I have no issue with money multiplication as long as it is constrained.

      • Blazer

         /  August 15, 2018

        constrained’ you say…I’m sure you read this bit….’their total value estimated at over a quadrillion dollars: ten times global GDP; ‘Bol!

  6. Gezza

     /  August 15, 2018

    Question Time. Will see if I can spot anybody sleeping.

    • Alan Wilkinson

       /  August 15, 2018

      Baby?

      • Gezza

         /  August 15, 2018

        Missed it. Was up all night making a nature movie of close ups of my eels for Possum’s mokopuna. Lay on the sofa to watch QT at 2pm & promptly went to sleep until 5.20 pm during Question 2 😐

    • David

       /  August 15, 2018

      Is Mallard still the worse speaker ever. Used to quite enjoy it when I was tripping around but he has killed the entertainment.