AND THE THIRD ANGEL FOLLOWED THEM, SAYING WITH A LOUD VOICE, IF ANY MAN WORSHIP THE BEAST AND HIS IMAGE, AND RECEIVE HIS MARK IN HIS FOREHEAD, OR IN HIS HAND. *** REVELATION 14:9
Showing posts with label Trust. Show all posts
Showing posts with label Trust. Show all posts
Sunday, June 07, 2026
Thursday, May 28, 2026
AI chatbots face major backlash over left-wing bias: ‘Can no longer be considered neutral and cannot be trusted’
By Brian Flood , Fox News
Published May 26, 2026, 2:51 p.m. ET
Artificial intelligence chatbots are relying on left-wing media and politically charged sources, making it difficult for the average American to trust them as a news source, critics say.
AI systems are widely known to sometimes “hallucinate” and generate false yet believable information that can quickly erode trust.
Some critics insist chatbots such as ChatGPT, Google Gemini and Claude provide information with a liberal slant, or push information from left-leaning news sources while silencing opposing views.
As more and more Americans rely on the technology, the right-leaning Media Research Center (MRC) has conducted studies in an attempt to determine if the chatbots should be relied upon — and they don’t find the results encouraging.
“We’re watching the next phase of media bias unfold in real time,” Media Research Center President David Bozell told Fox News Digital.
“Silicon Valley’s shiny new toys can no longer be considered neutral and cannot be trusted.”
ChatGPT, which is developed by OpenAI, insisted in January that nobody named Charlie Kirk was ever assassinated and declared no credible evidence or reporting could substantiate such a claim, according to the MRC.
AI systems are widely known to sometimes “hallucinate” and generate false yet believable information that can quickly erode trust.
Some critics insist chatbots such as ChatGPT, Google Gemini and Claude provide information with a liberal slant, or push information from left-leaning news sources while silencing opposing views.
As more and more Americans rely on the technology, the right-leaning Media Research Center (MRC) has conducted studies in an attempt to determine if the chatbots should be relied upon — and they don’t find the results encouraging.
“We’re watching the next phase of media bias unfold in real time,” Media Research Center President David Bozell told Fox News Digital.
“Silicon Valley’s shiny new toys can no longer be considered neutral and cannot be trusted.”
ChatGPT, which is developed by OpenAI, insisted in January that nobody named Charlie Kirk was ever assassinated and declared no credible evidence or reporting could substantiate such a claim, according to the MRC.
Some critics insist chatbots such as ChatGPT, Google Gemini and Claude provide information with a liberal slant, or push information from left-leaning news sources while silencing opposing views. irissca – stock.adobe.com
That same month, the MRC reported that Claude, which is developed by Anthropic, rejected the notion that AI should directly incorporate the US First Amendment into its policies.
That same month, the MRC reported that Claude, which is developed by Anthropic, rejected the notion that AI should directly incorporate the US First Amendment into its policies.
Monday, January 15, 2024
World Economic Forum 2024 kicks off in Davos with 'Rebuilding Trust' as key theme15
Jan 2024 16:00
WORLD
Against the backdrop of escalating geopolitical tensions, evolving economic policies, and rapid technological advancements, the 54th annual World Economic Forum (WEF) kicked off Monday in Davos, Switzerland, with the theme "Rebuilding Trust," News.Az reports citing Anadolu Agency.
During the Jan. 15-19 meeting, over 2,800 participants from 120 countries, including prominent figures from the business, political, academic, and civil society realms, will gather to navigate the complex global landscape and seek solutions to pressing challenges.
WEF underscores the necessity of international collaboration in tackling humanitarian, climate, social, and economic challenges, encapsulated by this year's theme Rebuilding Trust.
Global risk analysis by WEF identifies disinformation, extreme weather events, and climate change as major threats, further complicated by mounting geopolitical crises.
Leaders will concentrate on six critical themes: Economic resilience, energy transformation, globalization, productive artificial intelligence, strengthening institutions, and women's health.
Klaus Schwab, the founder and executive chairman of WEF, emphasized the imperative to rebuild trust in a fragmented world witnessing increased social divisions.
The forum explores the impact of the technological revolution, sustainability, and the rise of populism.
Artificial intelligence (AI) takes center stage, with discussions focusing on its equitable use, regulatory frameworks balancing innovation and societal risks, and its interface with other transformative technologies.
The agenda also delves into the rise of populism, technological advancements, breakthroughs in medicine, robotics, AI, and digitalization.
Geopolitical issues, including the war in Gaza and Ukraine, feature prominently on the agenda, acknowledging the complex geopolitical landscape. Diplomatic discussions on conflicts in the Middle East, Ukraine, and Africa are anticipated.
News.Az
WORLD
Against the backdrop of escalating geopolitical tensions, evolving economic policies, and rapid technological advancements, the 54th annual World Economic Forum (WEF) kicked off Monday in Davos, Switzerland, with the theme "Rebuilding Trust," News.Az reports citing Anadolu Agency.
During the Jan. 15-19 meeting, over 2,800 participants from 120 countries, including prominent figures from the business, political, academic, and civil society realms, will gather to navigate the complex global landscape and seek solutions to pressing challenges.
WEF underscores the necessity of international collaboration in tackling humanitarian, climate, social, and economic challenges, encapsulated by this year's theme Rebuilding Trust.
Global risk analysis by WEF identifies disinformation, extreme weather events, and climate change as major threats, further complicated by mounting geopolitical crises.
Leaders will concentrate on six critical themes: Economic resilience, energy transformation, globalization, productive artificial intelligence, strengthening institutions, and women's health.
Klaus Schwab, the founder and executive chairman of WEF, emphasized the imperative to rebuild trust in a fragmented world witnessing increased social divisions.
The forum explores the impact of the technological revolution, sustainability, and the rise of populism.
Artificial intelligence (AI) takes center stage, with discussions focusing on its equitable use, regulatory frameworks balancing innovation and societal risks, and its interface with other transformative technologies.
The agenda also delves into the rise of populism, technological advancements, breakthroughs in medicine, robotics, AI, and digitalization.
Geopolitical issues, including the war in Gaza and Ukraine, feature prominently on the agenda, acknowledging the complex geopolitical landscape. Diplomatic discussions on conflicts in the Middle East, Ukraine, and Africa are anticipated.
News.Az
Wednesday, November 29, 2023
Wednesday, February 01, 2023
Monday, January 02, 2023
Friday, December 23, 2022
Friday, February 18, 2022
Wednesday, April 29, 2015
God’s Pledge of Security
God’s Pledge of Security, March 29
The Lord knoweth how to deliver the godly out of temptations, and to reserve the unjust unto the day of judgment to be punished. 2 Peter 2:9.
In the time of trial before us God’s pledge of security will be placed upon those who have kept the word of His patience.... The pillar of cloud which speaks wrath and terror to the transgressor of God’s law is light and mercy and deliverance to those who have kept His commandments. The arm strong to smite the rebellious will be strong to deliver the loyal. Every faithful one will surely be gathered....
What part will you act in the closing scenes of this world’s history? ... Do you realize the grand work of preparation that is going on in heaven and on earth? ... Let none now tamper with sin, the source of every misery in our world.... Let not the destiny of your soul hang upon an uncertainty. Know that you are fully on the Lord’s side. Let the inquiry go forth from sincere hearts and trembling lips, “Who shall be able to stand?” Have you, in these last precious hours of probation, been putting the very best material into your character building? Have you been purifying your souls from every stain? Have you followed the light? Have you works corresponding to your profession of faith?
Is the softening, subduing influence of the grace of God working upon you? ... Are you letting your light shine to illumine the nations that are perishing in their sins? Do you realize that you are to stand in defense of God’s commandments before those who are treading them underfoot?
It is possible to be a partial, formal believer, and yet be found wanting and lose eternal life. It is possible to practice some of the Bible injunctions and be regarded as a Christian, and yet perish because you lack qualifications essential to Christian character.... While mercy lingers, while the Saviour is making intercession, let us make thorough work for eternity.
The great crisis is just before us. To meet its trials and temptations, and to perform its duties, will require persevering faith. But we may triumph gloriously; not one watching, praying, believing soul will be ensnared by the enemy.
Maranatha, p.96
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Tuesday, July 22, 2014
'Tis So Sweet to Trust in Jesus

SE Samonte
Uploaded on Apr 10, 2008
A Christian song composed by Louisa M. R. Stead in 1882. Sung in the video by Altar of Praise Men's Chorale, from their album 'Praise to the Lord'
Please click to play all the featured Christian hymns:
http://www.youtube.com/playlist?list=...
To purchase music CD's of the Altar of Praise Chorale, click:
http://www.altarofpraise.com/Acapella...
In defense of biblical creationism, pls. visit:
http://creation.com/creation-answers
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Monday, July 07, 2014
MSNBC: Americans Trust In News Media & Government At All Time Low
selfownership1
Published on Jun 30, 2014
Air Date: June 30th, 2014
This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law.
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Thursday, December 19, 2013
But Jesus did not commit himself unto them, because he knew all men
Now when he was in Jerusalem at the passover, in the feast day, many believed in his name, when they saw the miracles which he did.
But Jesus did not commit himself unto them, because he knew all men,
And needed not that any should testify of man: for he knew what was in man.
John 2:23-25
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Sunday, June 16, 2013
Mainstream media losing all credibility as it fails to break any news on exploding government scandals
Friday, June 14, 2013 by: J. D. Heyes
(NaturalNews) In another sign of the weakening "influence" of the mainstream media, not one of the major scandals currently swirling around the Obama Administration were broken by what you could fairly call the establishment press.
Fact: Over the past few weeks, three major scandals have broken over the Obama Administration, and it is a very sad (and frightening) truth that our pathetic, American, lapdog mainstream media are not responsible for breaking even a single one," writes John Nolte in Breitbart News' Big Journalism section.
He goes onto note that the three scandals - involving the IRS; NSA/Verizon phone records; the Justice Department's improper seizure of Associated Pressphone records; and Benghazi - were either broken by foreign media or the so-called U.S. alternative media (of which NaturalNews is a proud member).
Thank goodness for the alternative press
The Verizon story was broken by The Guardian, a British newspaper (the whistleblower in this case, 29-year-old Edward Snowden, an NSA analyst, probably didn't trust anyone in the U.S. with this story).
How about the IRS' improper targeting of conservative political action groups? Again, that story was broken "with a planted question," Nolte points out.
In the case of the Justice Department's targeting of AP reporters and editors, even The Associated Press failed to break that story; it only emerged after the Justice Department notified the AP what had occurred, so essentially, the department tattled on itself.
And Benghazi? Again, nope. Even though there was plenty of smoke there, the mainstream media - which has been in bed with Obama since day one of his initial campaign - took a pass en mass. There were a few exceptions, most notably Jake Tapper and Sharyl Attkission, but other than that, only Republican members of Congress and Fox News have been aggressively seeking the truth about what actually took place there when our ambassador, Christopher Stevens, was killed and brutalized.
"Left up to the media, we wouldn't know anything about Libya. All of the media's energy was collectively poured into ensuring the truth was never discovered," Nolte wrote. "And do you want to know what makes this realization especially pathetic? In three of the four scandals (the AP being the exception), had our media been less interested in protecting Power and more interested in holding Power accountable, these huge, career-making stories were right there for the taking."
What's more, the media has been extremely hypocritical (no kidding) on some of these scandals. Take the IRS' targeting of Tea Party groups.
In early June an editorial published by the editorial staff at The New York Times was highly critical of the president over his administration's targeting of the phone records of millions of Americans, all in the name of protecting national security. And rightfully so; it is an abuse of the Fourth Amendment like no other in the history of the country.
There is no media in the Old Media
How about the IRS' improper targeting of conservative political action groups? Again, that story was broken "with a planted question," Nolte points out.
In the case of the Justice Department's targeting of AP reporters and editors, even The Associated Press failed to break that story; it only emerged after the Justice Department notified the AP what had occurred, so essentially, the department tattled on itself.
And Benghazi? Again, nope. Even though there was plenty of smoke there, the mainstream media - which has been in bed with Obama since day one of his initial campaign - took a pass en mass. There were a few exceptions, most notably Jake Tapper and Sharyl Attkission, but other than that, only Republican members of Congress and Fox News have been aggressively seeking the truth about what actually took place there when our ambassador, Christopher Stevens, was killed and brutalized.
"Left up to the media, we wouldn't know anything about Libya. All of the media's energy was collectively poured into ensuring the truth was never discovered," Nolte wrote. "And do you want to know what makes this realization especially pathetic? In three of the four scandals (the AP being the exception), had our media been less interested in protecting Power and more interested in holding Power accountable, these huge, career-making stories were right there for the taking."
What's more, the media has been extremely hypocritical (no kidding) on some of these scandals. Take the IRS' targeting of Tea Party groups.
In early June an editorial published by the editorial staff at The New York Times was highly critical of the president over his administration's targeting of the phone records of millions of Americans, all in the name of protecting national security. And rightfully so; it is an abuse of the Fourth Amendment like no other in the history of the country.
There is no media in the Old Media
But more than a year before the IRS scandal broke, the Times was all about having the nation's tax collection agency target those very same groups.
"But because Obama told them to, the media hate the Tea Party. So in the face of these complaints and even a few Congressional inquiries, the media either ignored the harassment reports or openly sided with the IRS," wrote Nolte.
The same thing can be said about what happened in Libya. Because Barack Obama was in reelection mode; and because the mainstream media was all-in to help him get reelected; and because the president's reelection narrative on terrorism in general was that al Qaeda was on the run - the mainstream press willingly went along and refused to dig deeper on Benghazi. Had that failed operation been scrutinized, many more Americans would have known before Election Day that the administration essentially sacrificed Stevens and three other Americans for the sake of political expediency.
"Our media are not only biased; it is an utter and complete failure and embarrassment. And although there are plenty of remaining table scraps to make meals out of, the media are already losing interest in the IRS, Libya, and AP scandals, but for only one reason - they are absolutely terrified of where they might lead," Nolte writes.
Sources for this article include:
http://www.breitbart.com
http://www.guardian.co.uk
http://cnsnews.com
http://washingtonexaminer.com
Source: http://www.naturalnews.com/040774_media_bias_breaking_news_mainstream.html#ixzz2WPll3x5e
....
"But because Obama told them to, the media hate the Tea Party. So in the face of these complaints and even a few Congressional inquiries, the media either ignored the harassment reports or openly sided with the IRS," wrote Nolte.
The same thing can be said about what happened in Libya. Because Barack Obama was in reelection mode; and because the mainstream media was all-in to help him get reelected; and because the president's reelection narrative on terrorism in general was that al Qaeda was on the run - the mainstream press willingly went along and refused to dig deeper on Benghazi. Had that failed operation been scrutinized, many more Americans would have known before Election Day that the administration essentially sacrificed Stevens and three other Americans for the sake of political expediency.
"Our media are not only biased; it is an utter and complete failure and embarrassment. And although there are plenty of remaining table scraps to make meals out of, the media are already losing interest in the IRS, Libya, and AP scandals, but for only one reason - they are absolutely terrified of where they might lead," Nolte writes.
Sources for this article include:
http://www.breitbart.com
http://www.guardian.co.uk
http://cnsnews.com
http://washingtonexaminer.com
Source: http://www.naturalnews.com/040774_media_bias_breaking_news_mainstream.html#ixzz2WPll3x5e
....
Thursday, June 06, 2013
Report: Leon Panetta revealed classified SEAL unit info
Play Slideshow
By JOSH GERSTEIN | 6/5/13 9:38 AM EDT Updated: 6/6/13 12:04 AM EDT
Former CIA Director Leon Panetta revealed the name of the Navy SEAL unit that carried out the Osama bin Laden raid and named the unit’s ground commander at a 2011 ceremony attended by “Zero Dark Thirty” filmmaker Mark Boal.
Panetta also discussed classified information designated as “top secret” and “secret” during his presentation at the awards ceremony, according to a draft Pentagon inspector general’s report published Wednesday by the Project on Government Oversight. Continue Reading
Read more: http://www.politico.com/story/2013/06/leon-panetta-seal-leak-92263.html#ixzz2VRC7owly
By JOSH GERSTEIN | 6/5/13 9:38 AM EDT Updated: 6/6/13 12:04 AM EDT
Former CIA Director Leon Panetta revealed the name of the Navy SEAL unit that carried out the Osama bin Laden raid and named the unit’s ground commander at a 2011 ceremony attended by “Zero Dark Thirty” filmmaker Mark Boal.
Panetta also discussed classified information designated as “top secret” and “secret” during his presentation at the awards ceremony, according to a draft Pentagon inspector general’s report published Wednesday by the Project on Government Oversight. Continue Reading
Read more: http://www.politico.com/story/2013/06/leon-panetta-seal-leak-92263.html#ixzz2VRC7owly
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Friday, February 01, 2013
Poll: Most Americans Feel Threatened By Government
For the first time, survey finds majority of Americans feel under siege
By SETH CLINE
January 31, 2013
New York police grab at protesters during a mass arrest on the Brooklyn Bridge, Oct. 1, 2011. Police allowed around 700 people onto the bridge before surrounding and arresting them all.
A new survey from Pew Research Center finds more than half of Americans believe the government threatens their personal rights.
The national survey, conducted in mid-January, marks the first time a majority viewed the government as a threat since Pew began tracking public opinion on the subject in 1995.
This year 53 percent of the poll's respondents answered 'yes' when asked if the federal government "threatens your personal rights and freedoms." This year's poll also found more people viewed the government as a "major threat" than ever before.
[ENJOY: Political Cartoons Tease the TSA]
All of the survey's highest perceptions of the threat of government have come since President Barack Obama took office in 2009.
The survey was conducted from January 9-13, as Obama was about to begin his second term by pushing for reform of the nation's gun laws in the wake of the shooting at a Connecticut elementary school late last year. Of those who have guns in their homes, 62 percent viewed the government as a threat, up five percentage points from 2010.
However, the survey found negative feelings towards the government as a whole, and Congress in particular, are widespread.
[STUDY: Black Americans Feel Less Empowered Under Obama]
Respondents of all political affiliations felt more threatened this year than in 2010, when 47 percent felt threatened overall.
And 75 percent of those surveyed said they don't trust the government to "do the right thing" most of the time, if at all, a sentiment which held true across all ideologies and demographics. A similar consensus—68 percent—found Congress to be unfavorable, and majorities of Republicans, Democrats, and independents believed Congress' problem was not its political system as a whole, but its individual members.
Though some unhappiness was nonpartisan, the poll results show Republicans and conservatives are most upset with the state of the American political system.

A full 70 percent of those who identified as Republican felt threatened by the government, compared to just 38 percent of Democrats.
Republicans also have more anger towards the federal government since Obama took office. Nearly a third of respondents identifying as conservative said they were angry with government in this year's survey, while only 6 percent of that same group felt angry while George W. Bush was president in 2006.
The opposite is true of those identifying as Democrats and liberals, who were angrier during the Bush administration (though still less angry than their counterparts have been in the Obama years).
Pew polled about 1,500 adults in all 50 states and the District of Columbia for the survey.
The national survey, conducted in mid-January, marks the first time a majority viewed the government as a threat since Pew began tracking public opinion on the subject in 1995.
This year 53 percent of the poll's respondents answered 'yes' when asked if the federal government "threatens your personal rights and freedoms." This year's poll also found more people viewed the government as a "major threat" than ever before.
[ENJOY: Political Cartoons Tease the TSA]
All of the survey's highest perceptions of the threat of government have come since President Barack Obama took office in 2009.
The survey was conducted from January 9-13, as Obama was about to begin his second term by pushing for reform of the nation's gun laws in the wake of the shooting at a Connecticut elementary school late last year. Of those who have guns in their homes, 62 percent viewed the government as a threat, up five percentage points from 2010.
However, the survey found negative feelings towards the government as a whole, and Congress in particular, are widespread.
[STUDY: Black Americans Feel Less Empowered Under Obama]
Respondents of all political affiliations felt more threatened this year than in 2010, when 47 percent felt threatened overall.
And 75 percent of those surveyed said they don't trust the government to "do the right thing" most of the time, if at all, a sentiment which held true across all ideologies and demographics. A similar consensus—68 percent—found Congress to be unfavorable, and majorities of Republicans, Democrats, and independents believed Congress' problem was not its political system as a whole, but its individual members.
Though some unhappiness was nonpartisan, the poll results show Republicans and conservatives are most upset with the state of the American political system.
A full 70 percent of those who identified as Republican felt threatened by the government, compared to just 38 percent of Democrats.
Republicans also have more anger towards the federal government since Obama took office. Nearly a third of respondents identifying as conservative said they were angry with government in this year's survey, while only 6 percent of that same group felt angry while George W. Bush was president in 2006.
The opposite is true of those identifying as Democrats and liberals, who were angrier during the Bush administration (though still less angry than their counterparts have been in the Obama years).
Pew polled about 1,500 adults in all 50 states and the District of Columbia for the survey.
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Monday, August 29, 2011
The Need of Spiritual Discernment
On the Steamer “Alameda,” on the Broad Ocean,
November 17, 1891.
Redemption is a part of the divine nature. It is the prerogative of God to have to reconstruct, not to destroy. The Son of God was given to die before the foundation of the world. The existence of sin is unexplainable; therefore, not a soul knows what God is until he sees himself in the light reflected from the cross of Calvary, and detests himself as a sinner, in the bitterness of his soul. When his soul cries out in great need for a sin-pardoning Saviour, then God is revealed as gracious, full of comparison and forgiveness and love, longsuffering and patience. Individually, as church-members, we are, if faithful, servants of Jesus Christ, laborers together with God. When one is bruised by the enemy, and wounded, and commits error, as faithful and true to the Master, as workers together with God, we must take up the missionary work next to us, we must work to heal, not to ruin and to destroy. The hope we have in Christ is because we are sinners. We have a right to claim a Saviour. Then when there are those in any of our institutions associated together, who err, let not men act the part of denouncing, condemning, and destroying, as though they were faultless.
It is the work of the Christian to mend, to restore, to heal. This healing process saves many a soul, and hides a multitude of sins. God is love. God is, in himself, in his essence, love. He makes the very best of what appears an injury, and gives Satan no occasion for triumph by making the worst appear, and exposing our weakness to our enemies. The world must not be introduced into the church, and married to the church, forming a bond of unity. Through this means the church will become indeed corrupt, and, as stated in Revelation, “a cage of every unclean and hateful bird.”
Through association with the world, our institutions will become unsubstantial, unreliable; because these worldly elements, introduced and placed in positions of trust, are looked up to, as teachers to be respected, in their educating, directing, and official position, and they are sure to be worked upon by the spirit and power of darkness; so that the demarkation becomes not distinguished between him that serveth God and him that serveth him not. The parable is given by Jesus Christ in regard to the field in which it was supposed had been sown pure wheat, but the entrusted ones look upon the field with disappointment, and inquire, “Didst not thou sow good seed in thy field? from whence then hath it tares?” The Master of the vineyard answered, “An enemy hath done this.”
Special Testimonies for Ministers and Workers—No. 6, p. 3,4.
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Sunday, January 31, 2010
Leaders in Davos Admit Drop in Trust
Davos 2010


Miro Kuzmanovic/Reuters
Protesters outside the Davos forum tried to protect themselves against the Swiss police force's water cannons on Saturday.
Chris Ratcliffe/Bloomberg News
Panelists at the World Economic Forum in Davos, Switzerland, included Zhu Min of the People's Bank of China, on the big screen.
Related
Davos 2010: In Davos, Bankers Look for Closer Bond With Policy Makers (January 30, 2010)
Panelists at the World Economic Forum in Davos, Switzerland, included Zhu Min of the People's Bank of China, on the big screen.
Related
Davos 2010: In Davos, Bankers Look for Closer Bond With Policy Makers (January 30, 2010)
Miro Kuzmanovic/Reuters
Protesters outside the Davos forum tried to protect themselves against the Swiss police force's water cannons on Saturday.
There was general relief that the financial system had been pulled back from the abyss glimpsed by many speakers at Davos a year ago. As the chairman of the British bank HSBC, Stephen K. Green, put it, “We’re in a better place than we were then” although “there has been a huge breakdown in trust.”
Over the first four days of mostly closed-door meetings at the World Economic Forum, bankers, central bankers and politicians reached no consensus on the best way forward to regulate markets or banks. Like many bankers, Mr. Green acknowledged “political initiatives on both sides of the Atlantic,” but was not ready to cede the terrain to politicians. “It is very important,” he said, “that we don’t throw the baby out with the bathwater.”
Members of the financial services industry seemed ruefully aware of how far they had sunk in public regard. Commenting on whether private equity companies would support an Obama administration proposal on bank regulation, David M. Rubenstein, managing director of the buyout firm Carlyle Group, quipped, “Our position is unsure because we’re afraid if we come out in favor, it won’t pass.”
Perhaps the billionaire investor and philanthropist George Soros summed up the ambivalence most succinctly. “You want to keep regulation to a minimum,” he said, “because it is worse than markets. But you can’t do without it.”
And so, from President Nicolas Sarkozy of France, who urged creation of a new international monetary system and even a new reserve currency to replace the dollar, to angry representatives from trade unions, to the white businessmen in suits who still dominate this snow-kissed gathering, the one certainty seemed to be continued uncertainty.
Many influential participants said that the financial crisis, rescue and search for solutions that the world had experienced in the last three years were without precedent. That complicates the search for solutions — how do we define when we are out of the mess? — and, in the West, increases pressure on politicians like President Obama to ease the widespread pain.
Mr. Obama’s recent blasts at Wall Street, coupled with a State of the Union address focused on Main Street and jobs, provided a backdrop to the discussions here. The only senior administration official in attendance, Mr. Obama’s chief economic adviser, Lawrence H. Summers, evoked one reason for Mr. Obama’s priorities before a packed audience on Saturday, noting that, in the United States, one in five men aged 25 to 54 is now jobless. Although the United States economy grew strongly in the last quarter of 2009, persistent unemployment has created a situation he described as “a statistical recovery and a human recession.”
It is “reasonable” to expect that to decline to one in seven or eight as the economy recovers, he said. But it is far from the 95 percent employment of American men that age in the mid-1960s.
Contrast that with the buoyant presentation, in the same discussion, by Zhu Min, deputy governor of the People’s Bank of China. “China had a good year,” Mr. Zhu opened, before rattling off statistics that boggle even economists’ minds: for instance, a 200-million ton overcapacity in steel production, roughly equal to the 198 million tons produced in the 27-nation European Union in 2008.
The Chinese delegation this year, the biggest in 40 years of the Davos gathering, was led by Li Keqiang, the vice premier widely tipped to be the next prime minister. Their appearance exuded much more confidence than even two years ago, a reflection of what many participants here said was a clear shift of power east, particularly to China.
The effect of that shift, and whether it will lead to cooperation or confrontation, concerns policy makers in the West, particularly the United States. China suggested that trust might be the answer here, too.
“Between Chinese people and American and Western people, we lack mutual understanding,” said Cheng Siwei, a former Chinese politician and a co-chairman of the International Finance Forum, a Beijing-based think tank. The only way to “keep this relationship stable,” he said, is “to build mutual trust.”
But as power has shifted toward China and South Asia, the Europeans, Americans and Japanese have watched their economies decline or stall sharply. Rebuilding mutual trust will be ever more difficult amid fears that such pain will continue and that the current generation entering the work force is likely to be less prosperous than its parents.
Much of the world is concerned about the shift, and unsure what to expect. “In the transition phase from a superpower-dominated world to a multipolar world you will see a lot of uncertainty and you will see a lot of volatility,” said Josef Ackermann, chairman of Deutsche Bank.
Part of the difficulty, it emerged from several discussions here, is that despite globalization and growing interconnectedness, finding solutions has fallen largely to individual nations, companies and banks.
Banding together in the Group of 20 that has emerged to take the place of the Group of 7 as the body to control the direction of the world economy, politicians and economists are supposed to produce policy suggestions by June, ahead of the Group of 20’s meeting in Seoul, South Korea, in November, its first meeting in Asia.
Whether that group, far from the jobless workers in the United States and Europe, can ease their pain is unclear. But, Mr. Ackermann said, “We all know something has to happen quickly to restore confidence in the system.”
Jack Ewing and Katrin Bennhold contributed reporting.
Over the first four days of mostly closed-door meetings at the World Economic Forum, bankers, central bankers and politicians reached no consensus on the best way forward to regulate markets or banks. Like many bankers, Mr. Green acknowledged “political initiatives on both sides of the Atlantic,” but was not ready to cede the terrain to politicians. “It is very important,” he said, “that we don’t throw the baby out with the bathwater.”
Members of the financial services industry seemed ruefully aware of how far they had sunk in public regard. Commenting on whether private equity companies would support an Obama administration proposal on bank regulation, David M. Rubenstein, managing director of the buyout firm Carlyle Group, quipped, “Our position is unsure because we’re afraid if we come out in favor, it won’t pass.”
Perhaps the billionaire investor and philanthropist George Soros summed up the ambivalence most succinctly. “You want to keep regulation to a minimum,” he said, “because it is worse than markets. But you can’t do without it.”
And so, from President Nicolas Sarkozy of France, who urged creation of a new international monetary system and even a new reserve currency to replace the dollar, to angry representatives from trade unions, to the white businessmen in suits who still dominate this snow-kissed gathering, the one certainty seemed to be continued uncertainty.
Many influential participants said that the financial crisis, rescue and search for solutions that the world had experienced in the last three years were without precedent. That complicates the search for solutions — how do we define when we are out of the mess? — and, in the West, increases pressure on politicians like President Obama to ease the widespread pain.
Mr. Obama’s recent blasts at Wall Street, coupled with a State of the Union address focused on Main Street and jobs, provided a backdrop to the discussions here. The only senior administration official in attendance, Mr. Obama’s chief economic adviser, Lawrence H. Summers, evoked one reason for Mr. Obama’s priorities before a packed audience on Saturday, noting that, in the United States, one in five men aged 25 to 54 is now jobless. Although the United States economy grew strongly in the last quarter of 2009, persistent unemployment has created a situation he described as “a statistical recovery and a human recession.”
It is “reasonable” to expect that to decline to one in seven or eight as the economy recovers, he said. But it is far from the 95 percent employment of American men that age in the mid-1960s.
Contrast that with the buoyant presentation, in the same discussion, by Zhu Min, deputy governor of the People’s Bank of China. “China had a good year,” Mr. Zhu opened, before rattling off statistics that boggle even economists’ minds: for instance, a 200-million ton overcapacity in steel production, roughly equal to the 198 million tons produced in the 27-nation European Union in 2008.
The Chinese delegation this year, the biggest in 40 years of the Davos gathering, was led by Li Keqiang, the vice premier widely tipped to be the next prime minister. Their appearance exuded much more confidence than even two years ago, a reflection of what many participants here said was a clear shift of power east, particularly to China.
The effect of that shift, and whether it will lead to cooperation or confrontation, concerns policy makers in the West, particularly the United States. China suggested that trust might be the answer here, too.
“Between Chinese people and American and Western people, we lack mutual understanding,” said Cheng Siwei, a former Chinese politician and a co-chairman of the International Finance Forum, a Beijing-based think tank. The only way to “keep this relationship stable,” he said, is “to build mutual trust.”
But as power has shifted toward China and South Asia, the Europeans, Americans and Japanese have watched their economies decline or stall sharply. Rebuilding mutual trust will be ever more difficult amid fears that such pain will continue and that the current generation entering the work force is likely to be less prosperous than its parents.
Much of the world is concerned about the shift, and unsure what to expect. “In the transition phase from a superpower-dominated world to a multipolar world you will see a lot of uncertainty and you will see a lot of volatility,” said Josef Ackermann, chairman of Deutsche Bank.
Part of the difficulty, it emerged from several discussions here, is that despite globalization and growing interconnectedness, finding solutions has fallen largely to individual nations, companies and banks.
Banding together in the Group of 20 that has emerged to take the place of the Group of 7 as the body to control the direction of the world economy, politicians and economists are supposed to produce policy suggestions by June, ahead of the Group of 20’s meeting in Seoul, South Korea, in November, its first meeting in Asia.
Whether that group, far from the jobless workers in the United States and Europe, can ease their pain is unclear. But, Mr. Ackermann said, “We all know something has to happen quickly to restore confidence in the system.”
Jack Ewing and Katrin Bennhold contributed reporting.
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Wednesday, September 16, 2009
Public trust in US media eroding: Pew study
Public trust in US media eroding: Pew study
September 15, 2009
Public trust in the US media is eroding and increasing numbers of Americans believe news coverage is inaccurate and biased, according to a study released on Monday.
Just 29 percent of the 1,506 adults surveyed by the Pew Research Center for the People and the Press between July 22-26 said news organisations generally get the facts straight.
Sixty-three percent said news stories are often inaccurate, up from 34 percent in a 1985 study, Pew said.
Sixty percent of those polled said the press is biased, up from 45 percent in 1985. Just 26 percent in the latest survey said that news organisations are careful their reporting is not politically biased.
Seventy-four percent said news organisations tend to favor one side in dealing with political and social issues. Eighteen percent said they deal fairly with all sides.
Pew said Republicans tend to be more critical of the news media than Democrats although negative attitudes toward the news media were also increasing among Democrats.
Fifty-nine percent of those who identified themselves as Democrats said news organisations are often inaccurate, up from 43 percent just two years ago.
Two-thirds of the Democrats polled said the press tends to favor one side rather than to treat all sides fairly, up from 54 percent in 2007.
Just 20 percent of those polled said news organisations are independent of powerful people and organisations and only 21 percent said they are willing to admit their mistakes.
The poll found television remained the dominant news source for the public, with 71 percent saying they get most of their national and international news from television.
Forty-two percent said they get most of their news from the Internet compared with 33 percent who cited newspapers.
Fifty-nine percent rated news organisations as "highly professional," down from 66 percent two years ago and 72 percent in 1985.
Sixty-two percent of those polled said news organisations are being fair to the Obama administration while 23 percent said media coverage has been unfair.
Forty percent said the major cable news outlets -- CNN, Fox News and MSNBC -- were their main source for national and international news with 22 percent saying they relied on CNN, 19 percent on Fox and six percent on MSNBC.
Seventy-two percent of Republicans view Fox News positively compared with just 43 percent of Democrats.
Those polled were starkly divided along party lines when it came to The New York Times.
Republicans viewed the Times negatively by a margin of 31 percent to 16 percent while Democrats viewed it positively by 39 percent to eight percent margin.
Sixty-eight percent of those polled said it would be a major loss if large national newspapers like the Times, USA Today and The Wall Street Journal were to stop publishing.
The survey had a margin of error of between plus or minus three percentage points.
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