Posts tagged ethical

Fed-up Maine News Anchors Quit On Air, Citing Pressure To Do Biased Journalism

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Source: http://libertycrier.com

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By Andrew Neff

BANGOR, Maine — Citing a longstanding battle with upper management over journalistic practices at their Bangor TV stations, news co-anchors Cindy Michaels and Tony Consiglio announced their resignations at the end of Tuesday’s 6 p.m. newscast.

Michaels and Consiglio, who have a combined 12½ years’ service at WVII (Channel 7) and sister station WFVX (Channel 22), shocked staff members and viewers with their joint resignations Tuesday evening.

“I just wanted to know that I was doing the best job I could and was being honest and ethical as a journalist, and I thought there were times when I wasn’t able to do that,” said Consiglio, a northeastern Connecticut native who broke in with WVII as a sports reporter in April 2006.

Not everyone was shocked by the on-air resignations.

“No, that was unfortunate, but not unexpected,” said Mike Palmer, WVII/WFVX vice president and general manager. “We’ll hire experienced people to fill these positions sooner rather than later.”

Neither reporter had told anyone of their decisions before Tuesday’s newscast.

“We figured if we had tendered our resignations off the air, we would not have been allowed to say goodbye to the community on the air and that was really important for us to do that,” said Michaels, the station’s news director, who has spent six of her 15 years in Bangor’s radio and TV market at WVII.

Both Michaels, 46, and Consiglio, 28, said frustration over the way they were allowed or told to do their jobs — something that has been steadily mounting for the last four years — became too much for them.

“There was a constant disrespecting and belittling of staff and we both felt there was a lack of knowledge from ownership and upper management in running a newsroom to the extent that I was not allowed to structure and direct them professionally,” Michaels explained. “I couldn’t do everything I wanted to as a news director. There was a regular undoing of decisions.”

Fed-up Maine News Anchors Quit On Air, Citing Pressure To Do Biased Journalism [continued]

Obama appoints the first ‘assassination czar’

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Obama appoints the first ‘assassination czar’, John Brennan, who will decide which people are to be attacked by drones. [Don't worry. They'll all be terrorists, right?]

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Published on May 22, 2012 by

John Brennan, Obama’s chief counterterrorism advisor was a name that you did not see on the Mainstream media. Most recently he publicly spoke about the drone program calling it moral and ethical and just. According to reports from the Associated Press, John Brennan has now seized the lead in choosing who will be targeted for drone attacks and raids. According to the AP, under the new plan, Brennan’s staff compiles the potential target list and runs the names past agencies such as the State Department at a weekly White House meeting.

The Congress Insider Trading Scandal Is Outrageous

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Source: http://finance.yahoo.com

By Henry Blodget | Daily Ticker

You cannot read the description of the personal stock trading allegedly conducted by Rep. Spencer Bachus and other members of Congress during the financial crisis and conclude anything other than the following:

Our government is completely corrupt.

Yes, this behavior may be technically legal, because of an absurd loophole that makes insider-trading rules not apply to Congress.

Yes, this behavior may be widespread on Capitol Hill.

But there is no universe in which a reasonable person would consider this behavior ethical or okay. And for the 300+ million Americans who aren’t members of Congress, it would be just plain illegal

Many members of Congress seem guilty here, including John Kerry, Dick Durbin, and Jim Moran. But Spencer Bachus takes the cake.

According to a new book called Throw Them All Out by Peter Schweizer, as relayed by Dave Weigel at Slate, Rep. Bachus made more than 40 trades in his personal account in the summer and fall of 2008, in the early months of the financial crisis.

The fact that Bachus personally traded on private information he received as a result of his job is bad enough. The fact that he was the ranking member of the House Financial Services Committee at the time is simply outrageous.

In one case, the day after getting a private briefing on the collapsing economy and financial system from Ben Bernanke and Hank Paulson, Rep. Bachus effectively shorted the market (by buying options that would rise if the market tanked.)

A few days later, after the market tanked, Bachus sold his position and nearly doubled his money.

If a corporate executive or Wall Street trader did this–cashed in personally after getting private, non-public information from his work–Rep. Bachus and every other member of Congress would be screaming from the rooftops about how the financial system is deeply corrupt and how the executive should be charged with insider trading.

And they would be right.

Rep. Bachus should return whatever money he made by betting on the direction of the markets (or anything else) in the fall of 2008. He should apologize for his behavior and jaw-dropping lack of judgement. He should urge his fellow members of Congress to immediately enact legislation that defends the fairness of the markets by holding Congress to the same insider trading laws as everyone else. He should then resign in disgrace.

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