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Opinion | The economy keeps defying media expectations. It’s part of a pattern.

January 29, 2023 by Staff Reporter

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Many in the mainstream media greeted news on Thursday of robust 2.9 percent economic growth in the fourth quarter of 2022 with surprise — shock even. And on Friday, there was more good economic news: Inflation rates dropped in December compared with November, the sixth straight month of declines.

These numbers were often characterized as defying expectations of a recession or despite economic head winds. The Wall Street Journal proclaimed that even though last quarter’s growth was solid, the U.S. economy “entered this year with less momentum as rising interest rates and still-high inflation weighed on demand.” Almost comically, the Associated Press wanted to know: “How will we know if the US economy is in a recession?”

The better question: When will the mainstream media recognize good economic news for what it is?

President Biden took a different view in a speech in Virginia on Thursday. “I’m not sure the news could have been any better — economic growth is up stronger than experts expected, 2.9 percent,” he crowed. “I don’t think it’s unfair to say that this is all evidence that [the] Biden economic plan is actually working.”

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At the end of last year, I spoke at length with Jared Bernstein, a member of the president’s Council of Economic Advisers. The “data streams,” he told me, simply didn’t support the gloom-and-doom outlook many were spouting. Any effort to explain a sunnier outlook was dismissed as spin. It seems, at least in the short run, that he had a better bead on the economy than the administration’s legions of critics.

That is not to say the chance of some type of a recession is zero. Inflation is still high compared with a year ago, so the Federal Reserve will keep raising rates. A downturn is still possible. A potential default prompted by MAGA House brinkmanship could throw the economy out of kilter. But the certainty with which the mainstream media asserted for months that the United States was on the precipice of a recession seems wrong — and oddly familiar.

Akin to the red-wave midterm election that never happened, the media never seems to waiver from its gloomy predictions for the Biden administration. And its widespread refusal to give credit to the Fed and the administration even as good news came in has been notable.

Aside from the media’s predilection to stress negative news (due to the assumption that good news doesn’t attract as many eyeballs), there are several factors that might explain reporters’ willingness to buy into sky-is-falling predictions for Democrats.

First, the media remains deathly afraid of accusations of liberal bias. The constant course correction in the name of illusory “balance” leads to parroting right-wing talking points.

Second, the media is often a prisoner of historic trends. The first midterm always goes to the party out of power; the president’s poor ratings always mean bad news for his party; and a recession always follows a hike in interest rates. The problem is that “always” is rarely — if ever — accurate. (For example, Republicans under George W. Bush performed well in their first midterm elections.)

Moreover, things are different now. The pandemic and resulting recession is unlike any other economic event before it. And the cloud that Donald Trump has hung over his party has had a unique drag on Republicans in three consecutive elections. Sometimes, the past is no guide to the future.

Third, as with its premature obituary for Biden’s first term, the Beltway media covers the midterms and the economy as the permanent opposition to the White House. Certain that they are hearing spin from the White House, media members consistently refuse to give credit to the incumbent president and see themselves as professional cynics. If the White House says it is sunny outside, that must mean it is pouring.

Finally, group think is a perennial problem in the mainstream media. Reporters and editors circulate from one outlet to another; no one wants to be too far out of the consensus; and too many political reporters see everything through the prism of partisan horse-race politics.

All of these factors contribute to confirmation bias. The media starts with an assumption, sifting out contrary data and doubling down on facts that seem “right.”

The solution? More diversity in newsrooms. More expertise in areas other than politics. Less cringing over the threat of attacks from the right and less unstinting negativity. These changes would serve the media and the country well.

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Lots of sound and fury on US debt, but not a crisis — yet – The Denver Post

January 28, 2023 by Staff Reporter

By JOSH BOAK (Associated Press)

WASHINGTON (AP) — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point … at least not yet.

The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, a mostly political argument that could turn into genuine financial trouble this summer if the U.S. runs out of accounting maneuvers to keep paying its bills.

House Speaker Kevin McCarthy insists that the debt, so huge it defies most people’s grasp, is already breaking the economy. President Joe Biden counters that the government spending cuts sought by Republicans in return for a debt limit increase would break the middle class.

The political jousting masks contrasting realities: Today’s $31.4 trillion national debt does not appear to be a weight on the U.S. economy, but the debt’s path in the decades to come might put at risk national security and major programs including Social Security and Medicare.

The national debt is the accumulation over time of the yearly deficit. If the government cuts spending or raises taxes, it can trim the deficit and run a surplus, something that last happened in 2001. Lower levels of borrowing can contain and even reduce the cumulative debt.

However, at a time when high inflation already has the U.S. teetering near a recession, it’s a potentially dangerous game to force more deficit reduction, says Megan Greene, global chief economist at the Kroll Institute.

“Spending cuts and tax hikes would kill off growth in a year when we’re more likely than not to go into recession,” Greene said. “It’s not clear that it would put us onto a more sustainable fiscal footing at all.”

But the debt challenge will keep unfolding over time, meaning that choices may become more severe as the costs of Social Security, Medicare and Medicaid increasingly outstrip tax revenues.

Publicly held debt is roughly equal now to the U.S. gross domestic product, a measure of yearly economic output. It’s on track to be 225% of GDP by 2050, according to the Penn Wharton Budget Model.

To stabilize the debt near current levels, the government would need to permanently slash all spending by 30%, raise tax revenues by 40% or some combination of both, said Kent Smetters, a professor at the University of Pennsylvania and director of the Penn Wharton Budget Model. Those changes could come at the expense of younger generations who might be stuck paying more and receiving far fewer benefits from the government than their parents.

“We’re talking about a current fiscal path that’s very unbalanced,” Smetters said. “That’s not a partisan statement. It’s an accounting thing.”

Given his estimates, Smetters said, he worries that investors lending to the U.S. will pull back “if we don’t do something before the 2030s, pretty boldly.”

So, why aren’t more economists sweating the debt right now?

First of all, the costs of servicing the debt have fallen over time. Investors are charging less to lend to the federal government. This has occurred even as the national debt has climbed almost nine-fold since 1991.

How did that happen? Interest rates are dramatically lower. The interest on a 10-year Treasury Note in December 1991 was 7.09%, compared to 3.62% last month. That means the U.S. government is spending less money as a share of the total economy to repay the interest now than it did more than 30 years ago.

McCarthy has emphasized the total debt size when calling for Biden to hold negotiations on spending cuts. His argument is that Biden funded $1.9 trillion in coronavirus aid through debt, which contributed to the inflation that now threatens the economy.

“We have now hit a point that we can’t continue,” McCarthy said Tuesday on Fox Business News. “Right now, we have to save America and stop the spending.”

House Republicans favor a path toward a balanced budget that their leaders — including McCarthy — have yet to publicly detail, while Biden wants to increase the borrowing cap without preconditions.

“I will not let anyone use the full faith and credit of the United States as a bargaining chip,” Biden said in a Thursday speech in Virginia. “In the United States of America, we pay our debts. It took 200 years to accumulate that debt.”

One of the challenges in holding any negotiations is that Republicans have yet to embrace a set of policies. Some lawmakers have floated cuts to Social Security and Medicare, which McCarthy has rejected as he has publicly said he wants to identify waste in spending that can be cut.

McCarthy has said it’s reasonable to negotiate over the issue, but the White House stressed Friday that he has yet to identify any cuts that would have support from the Republican majority, let alone the Democrat-controlled Senate and Biden.

“We haven’t seen a plan from Republicans — what’s their plan?” White House press secretary Karine Jean-Pierre asked reporters at Friday’s briefing. “They want to cut, cut, cut, but they’re just saying this rhetoric that is incredibly dangerous.”

Basic math poses a problem for balancing the budget. If tax hikes, Social Security, Medicare, Medicaid, national security and veterans’ support are off the table, every other government program would need to be cut by 85% to balance the budget in 10 years, according to the Committee for a Responsible Federal Budget, a fiscal watchdog.

The debt is largely the gap between the taxes that people are willing to pay and the benefits they expect to receive from the government. Voters generally want minimal taxes, but they also want more Social Security, health care and other programs.

All of this makes the politics tricky, said Doug Elmendorf, a former director of the Congressional Budget Office and now dean of the Harvard University Kennedy School of Government.

“It’s very hard to build a coalition for specific sorts of debt reduction,” Elmendorf said. “The inability of Democrats and Republicans to have constructive engagement on this topic, for decades now, poisons the well for future compromises.”

By wanting to focus on the deficit, McCarthy is “manufacturing” a crisis that would detract from other risks to the economy such as climate change and poverty, said Sharon Parrott, president of the liberal Center on Budget and Policy Priorities.

“It’s really telling, right, that there’s not a clear articulation of the spending that they want to cut,” Parrott said. “The public is pretty clear that they want schools to be funded, and they want investments in transportation, and they want low income families to have access to food assistance.”

Michael Strain, an economist at the center-right American Enterprise Institute, said he thinks there is too much skepticism about the parties’ willingness to tackle the debt. He noted that Ronald Reagan effectively reduced Social Security benefits, while Democrats’ tax proposals would increase revenue.

But would a debt limit standoff actually change the federal debt’s trajectory?

“No,” Strain said.

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Western wear is ‘going to briefly take over the world,’ retail exec says

January 28, 2023 by Staff Reporter

The so-called “Yellowstone effect” — a cultural phenomenon stemming from the popularity of the television drama “Yellowstone” — has trickled into fashion, making Western wear like cowboy hats and boots increasingly popular across the U.S.

According to one executive, that trend will last for at least the next few years.

Western wear is “going to briefly take over the world,” J Rogers Kniffen World Wide Enterprises CEO Jan Rogers Kniffen told Yahoo Finance Live (video above). “Why is it going to take over the world? It’s courtesy of Paramount. Paramount+ basically came out with ‘Yellowstone’ and ‘1883,’ which was the spinoff, the prequel to ‘Yellowstone,’ and ‘1923,’ which is another prequel to ‘Yellowstone.’ And they’re the most popular things on television.”

Western wear is back in style, largely due to the popularity of the television show “Yellowstone.” (Photo: Paramount Network)

Yellowstone’s popularity boomed this fall as the Paramount Network (PARA) show launched its fifth season. With 9.41 million viewers, Yellowstone’s Season 5 premiere finished fourth in network television viewership for the week of Nov. 7-13, only trailing NFL football. And the craze around the show has led to an increasing number of people looking to emulate the style of the show’s featured family — the Duttons — and their cowboy ranch.

“Everybody wants to be Beth Dutton,” Kniffen said, referring to one of the show’s main characters. “Everybody wants to meet Beth Dutton in a bar. And everybody wants John Dutton to be their dad. And that’s going to cause Western wear to be great.”

The show has not only led to a tourism boom in Montana but also a rise in wealthy individuals seeking to own land in the state. According to Kniffen, it could also help boost some public companies over the next several quarters.

Retailers like Boot Barn (BOOT), Levi Stauss (LEVI), Wrangler (KTB), and even Tractor Supply (TSCO), which sells Carhartt clothing, all stand to benefit from the Western wear trend, he added, particularly because people who don’t typically wear the style are now trying it out.

Story continues

“People like me, who have always worn it, are wearing more of it,” Kniffen said. “And even fashion videos and things are featuring Western wear. … [But] it’s not just Western — it’s also outdoor looks. And we’re seeing that take over. And if you haven’t been invited to a denim and diamonds party, you will be. And you’ll have to wear boots and a Western look. And that’s just where we’re going right now.”

—

Josh is a reporter and producer for Yahoo Finance.

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Biden speaks with Tyre Nichols’ family, says he is “outraged” by footage

January 28, 2023 by Staff Reporter

President Biden spoke with the mother and stepfather of Tyre Nichols on Friday afternoon ahead of the release of body camera footage of his violent arrest. 

Once Memphis police released the footage, the president said he was “outraged and deeply pained,” and joined Nichols’ family in calling for peaceful protest. 

“Like so many, I was outraged and deeply pained to see the horrific video of the beating that resulted in Tyre Nichols’ death,” Mr. Biden said in a statement released by the White House shortly after the release of the footage. “It is yet another painful reminder of the profound fear and trauma, the pain, and the exhaustion that Black and Brown Americans experience every single day. My heart goes out to Tyre Nichols’ family and to Americans in Memphis and across the country who are grieving this tremendously painful loss.”

“The footage that was released this evening will leave people justifiably outraged,” the president continued. “Those who seek justice should not to resort to violence or destruction. Violence is never acceptable; it is illegal and destructive. I join Mr. Nichols’ family in calling for peaceful protest.”

During the call with RowVaughn Wells and Rodney Wells earlier Friday, Mr. Biden offered condolences from him and the first lady.

As the president was leaving the White House for Camp David on Friday evening, he told reporters he spoke with RowVaughn Wells for 10 to 15 minutes, and was pleased she called for any protests sparked by the release of the police footage to be peaceful.

“She’s obviously in enormous pain,” Mr. Biden said. “… I told her I had some idea of what that loss was like, and that although it’s impossible to believe now, but a time will come when his memory brings a smile before a tear.”

The president’s first wife and their daughter died in a car crash in 1972, and his son Beau Biden died of brain cancer in 2015.

The president told reporters he would urge Congress to pass federal police reforms known as the George Floyd Justice in Policing Act. 

“We should get this under control,” Mr. Biden said.

Nichols’ family and authorities have described the incident as a brutal encounter, and five fired Memphis police officers have been charged with second-degree murder in the case.

At the Justice Department, FBI Director Christopher Wray told reporters he has seen the footage.

“What happened in Memphis is obviously tragic,” Wray said. “I have seen the video myself, and I will tell you, I was appalled. I’m struggling to find a stronger word, but I will just tell you I was appalled.”

— Kathryn Watson contributed reporting.

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Alex Sundby is a senior editor for CBSNews.com

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XRP Price Target Remains $0.45 on New Ripple President Appointment

January 27, 2023 by Staff Reporter

Key Insights:

  • On Friday, XRP rose by 0.75% to end the day at $0.41256.
  • A lack of updates from the SEC v Ripple case left XRP in the hands of US inflation and the broader crypto market.
  • The technical indicators remain bullish, with XRP sitting above the 50-day EMA, signaling a return to $0.45.

On Friday, XRP rose by 0.75%. Partially reversing a 1.86% loss from Thursday, XRP ended the day at $0.41256. Despite the bullish session, XRP revisited sub-$0.40 levels for the second time in five sessions.

A bearish start to the day saw XRP slide to an early morning low of $0.39899. XRP fell through the First Major Support Level (S1) at $0.4042. However, finding support at the Second Major Support Level (S2) at $0.3990, XRP rose to a late high of $0.41358. Coming up short of the First Major Resistance Level (R1) at $0.4160, XRP eased back to end the day at $0.41256.

US Inflation and the NASDAQ Index Deliver XRP Price Support

There were no updates from the ongoing SEC v Ripple case to distract investors on Friday. The lack of updates left XRP in the hands of US economic indicators and the crypto news wires.

US inflation figures cemented market bets of a 25-basis point interest rate hike next week. The Core PCE Price Index increased by 4.4% year-over-year in December versus 4.7% in November.

A fall in personal spending and a modest increase in personal income also favored a less aggressive Fed interest rate trajectory to bring inflation to target.

In response to the stats, the NASDAQ Composite Index rose by 0.95% to extend its weekly winning streak to four.

However, US lawmakers and regulatory scrutiny capped the upside on Friday. The White House Administration and the SEC were in the news, with the Administration calling for more crypto regulations and the SEC investigating investment advisers over crypto-related custody rule breaches.

Ripple Appoints New President in Show of Confidence

While there were no SEC v Ripple case updates to consider, Ripple announced a new President on Friday.

Ripple CEO Brad Garlinghouse shared the announcement, saying,

“There’s a lot I could say about how singularly impactful Monica Long has been to Ripple’s growth, for now, I’ll just leave you with – she is brilliant, strategic, and has the ability to pick up and learn skills like no one I’ve ever seen before. Congrats Monica!”

The appointment reflected Ripple’s expansion goals, with product success coming despite the ongoing SEC v Ripple case.

The Day Ahead

Today, investors should monitor updates from the SEC v Ripple case. However, a lack of updates would leave the broader crypto market to provide direction. FTX and Genesis updates, along with regulatory chatter, will draw interest.

XRP Price Action

At the time of writing, XRP was up 0.43% to $0.41433. A mixed start to the day saw XRP fall to an early low of $0.41054 before rising to a high of $0.41643.

XRPUSD 280123 Daily Chart

Technical Indicators

XRP needs to avoid a fall through the $0.4084 pivot to target the First Major Resistance Level (R1) at $0.4178. A return to $0.4100 would signal a bullish session. However, the broader crypto market and SEC v Ripple chatter would need to support a breakout.

In the case of another extended rally, XRP would likely test the Second Major Resistance Level (R2) at $0.4230 and resistance at $0.4250. The Third Major Resistance Level (R3) sits at $0.4376.

A fall through the pivot would bring the First Major Support Level (S1) at $0.4032 into play. However, barring a crypto event-fueled sell-off, XRP should avoid sub-$0.40 and the Second Major Support Level (S2) at $0.3938. The Third Major Support Level (S3) sits at $0.3792.

XRPUSD 280123 Hourly Chart

The EMAs and the 4-hourly candlestick chart (below) sent a bullish signal.

At the time of writing, XRP sat above the 50-day EMA, currently at $0.40674. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA. The signals were bullish.

A hold above the 50-day EMA ($0.40674) would support a breakout from R1 ($0.4178) to target R2 ($0.4230) and $0.4250. However, a fall through the 50-day EMA ($0.40674) would bring S1 ($0.4034) into view. A fall through the 50-day EMA would send a bearish signal.

XRPUSD 280123 4 Hourly Chart

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Hong Kong protests Biden extension of deportation protection

January 27, 2023 by Staff Reporter

HONG KONG (AP) — Hong Kong has protested President Joe Biden’s two-year extension of a program that protects residents of the semi-autonomous Chinese city living in the U.S. from deportation, accusing Washington of “demonstrating sinister intentions and hegemonic bullying.”

An unidentified government spokesperson was quoted Friday as saying the U.S. had “wantonly” smeared Hong Kong’s National Security Law, imposed on the city by Beijing in 2020 as part of a sweeping crackdown on the democratic movement. Since the law’s enactment by the Chinese legislature, at least 150 opposition politicians, activists and protesters have been taken into custody, while an unknown number of others have fled overseas.

Biden first authorized the program, the Deferred Enforced Departure for Certain Hong Kong Citizens, in August 2021 for 18 months. It was set to expire on Feb. 5 but has been extended until January 2025.

“The US Government clearly stated that its latest actions are in its ‘foreign policy interest’ without any attempt to disguise its motives, demonstrating sinister intentions and hegemonic bullying,” the Hong Kong spokesperson was quoted as saying in a statement posted on the government’s official website.

“The US has many laws on national security, but chooses to continue to wantonly smear” the National Security Law, the spokesperson said.

The decision to provide a temporary safe haven was in response to the law and other measures that reinforced Beijing’s absolute control and undercut rights promised when the former British colony was handed back to China in 1997.

“With this action, we are demonstrating again President Biden’s strong support for the people of Hong Kong in the face of increasing repression by the (People’s Republic of China),” the White House National Security Council said in a statement Thursday.

“We continue to strongly oppose (China’s) use of its National Security Law to deny the people of Hong Kong their human rights and fundamental freedoms, undermine Hong Kong’s autonomy, and chip away at Hong Kong’s remaining democratic processes and institutions,” the statement said.

The Hong Kong spokesperson denied any political bias in its pursuit of those wanted under the law, many of whom had taken part in the push for expanded democracy and months of anti-government protests in 2019.

“All law enforcement actions taken by Hong Kong law enforcement agencies are based on evidence, strictly according to the law and for the acts of the people, institutions or organisations concerned, and have nothing to do with their political stance, background or occupation,” the spokesperson said.

“The US Government’s remarks about the rights and freedoms in Hong Kong are totally unfounded,” the spokesperson added.

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Canadian marketing firm Jeff Social Marketing is proud to announce their partnership with Neo Financial

January 27, 2023 by Staff Reporter

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Potential Biden challenger Marianne Williamson heads to New Hampshire

January 26, 2023 by Staff Reporter

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Author and activist Marianne Williamson, who is considering a second campaign for president against President Biden, plans to visit New Hampshire in the coming weeks to help her make “a more informed decision” about her political future, she said in a statement.

The visit comes as the New Hampshire Democratic Party Chair Ray Buckley has warned national Democratic leaders in a letter that the current plan to deny the state the first primary in the nation will force an unsanctioned event and “create an opening for an insurgent candidate — serious or not — who can garner media attention and capitalize on Granite Stater’s anger about being passed over by [Biden’s] campaign.”

Biden finished fifth in the 2020 Democratic primary in the state, with just 8 percent of the vote, and a poll this month by the University of New Hampshire found Biden remains vulnerable to challenge. He received 18 percent support in a hypothetical New Hampshire primary matchup against several politicians who have said they will not challenge him for the nomination. Transportation Secretary Pete Buttigieg drew 23 percent, while Sen. Elizabeth Warren (D-Mass.) also drew 18 percent.

Williamson, a self-described spiritual adviser, dropped out of the 2020 presidential race before the Iowa caucuses after running a campaign that was best known for her appearances at televised party debates, where she spoke out against the “dark psychic force of the collectivized hatred” that former president Trump had unleashed in the country.

“New Hampshire is an important state and I had a wonderful time there when I ran before,” Williamson said in a statement Wednesday to The Washington Post. “I felt a deep connection to my New Hampshire supporters and I’m going back in a few weeks to connect with some old friends as well as new ones. I won’t be doing any public talks, but I’ll be on the ground talking to people and it will help me make a more informed decision.”

Williamson said she had not been invited to the state by New Hampshire Democratic Party, which is embroiled in the heated dispute with Biden advisers and national party leaders over the order of nominating contests next year. The Rules and Bylaws Committee of the national party voted Wednesday to give New Hampshire until June 3 to show it can hold the second primary contest in 2024, on the same day as Nevada and after South Carolina.

A long-standing New Hampshire state law requires the state to hold the first primary contest in the nation, and empowers the secretary of state to move the primary date to accomplish that goal. Democrats in New Hampshire, who oppose the new calendar proposal, have said they lack the power to force Republican leaders in the state to change the law.

If New Hampshire follows through on its threat to run an unsanctioned process, the Democratic National Committee has said it will not seat any elected delegates from the state at the nominating convention and could sanction any candidates who campaign in the state.

Mo Elleithee, a member of the Rules and Bylaws Committee, said an appearance by Williamson should put more pressure on New Hampshire Democrats to find a way to comply with the new calendar.

“I think this ought to put even more pressure on the New Hampshire Democratic Party to figure out how to get this done,” Elleithee said. “If I were them I would be very careful right now about giving out the impression that they are opening the doors to challenging the president.”

Buckley pushed back, in a statement on Thursday, saying the state party does not want to see Biden’s reelection jeopardized.

“We have repeatedly warned the DNC that their proposed schedule and sanctions on New Hampshire will undermine President Biden by opening up the door to a primary challenge,” Buckley said. “To date, these warnings have gone completely ignored. It is our hope that they will join us in understanding how much their misguided plan will stoke divisions and that they will work with us to reach a solution.”

Williamson argued in a Wednesday appearance on Rising, a streaming news show produced by the Hill newspaper, that she might have more impact in a 2024 presidential campaign by running as a Democrat than by pursuing a third-party bid.

“If I run, there are forces within the Democratic Party who would be trying to invisibilize me,” said Williamson, who also scheduled an event in the state last October. “I think they will have an easier time invisibilizing me if I run third party. If I do run, and I run as a Democrat, I will be more inconvenient to the people who need to be inconvenienced.”

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WPSU assists listeners in sorting out news over noise within daily headlines

January 26, 2023 by Staff Reporter

Tim Lambert, special projects editor for WITF in Harrisburg, Pennsylvania, and guest of the podcast episode “What Happened to Local News,” said budget restraints limit the number of reporters in the field covering local meetings, researching political candidates, and connecting the dots on the decisions that will affect a communities’ everyday life.

“No one is seeing reporters, knowing reporters like they did in the past, and it is hard to establish communication and bonds of trust within communities,” said Lambert. “Many people have a lack of understanding of basic civics, how laws are passed, how the voting system in our democracy works, and it can lead to the consumption of and vulnerability of believing misinformation. WITF created what we call ‘News and Brews’ where we go out to local bars and restaurants to talk to people and find out what their concerns are, as well as introduce them to what being a journalist looks like.”

To hear more from Lambert and access other “News Over Noise” podcast episodes — including “News Avoidance and Why It Matters,” “What’s Missing from Economic News,” “The Danger of the ‘News Finds Me’ Mentality,” “Social Media: Friend or Foe of the News Cycle?” — listen online or find it on Apple and Google podcasts.

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