mediacrit.com

The recent collapse of several investment banks on Wall Street is one of those stories that is hard to understand and easy to dismiss. But the financial meltdown tells us plenty about how a McCain or Obama administration would handle the country’s economy, and whether we will bring stability back to the financial market, or keep blindly repeating the boom-bust cycle.

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Back around November 5, when the Writers Guild of America first called a strike against the major entertainment studios, there were almost hysterical reports in the news media — what are we going to do without new episodes of our favorite TV programs? Like, Omigosh! The January 25 Entertainment Weekly even had a special “Strike Survival Guide” issue with cover of a bearded Conan O’Brien (who, along with David Letterman, used the time off the screen to watch his facial hair grow) that boasted “67 tips to beat the entertainment dry spell.”

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A clear conflict of interest, or at least the appearance of one, exists. Two of the board’s 18 members are former (Bill) Clinton administration officials…The Times lists this biographical information on its web site, which is a good move towards transparency. But, the Times does not note this conflict of interest anywhere in the editorial itself, where such information would be most useful to readers.

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Before Iowans savor the successes of this year’s caucuses, perhaps we should be thinking about “change,” too, because the drumbeat to take away Iowa’s lead position in the nominating process is much louder than in previous years.

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