Bloomberg on New York Pension Investments
futureofcapitalism.com

Bloomberg News has an article on the New York City comptroller's refusal to disclose the identities of six city outside pension managers fired for poor performance:

He refused to identify them all, even after Bloomberg News sought their names under the state's Freedom of Information Law. Liu, a Taiwan-born Democrat who became the first Asian-American elected to citywide office in November, didn't want to embarrass them, said his spokeswoman, Sharon Lee....

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Always a Fairness Problem
futureofcapitalism.com

A Bloomberg News dispatch begins:

Billionaire John Paulson's $100 million donation to New York's Central Park Conservancy threw into relief inequities between parks frequented by the wealthy and those in less affluent neighborhoods.

And goes on in that vein. The New York Sun used to use that "threw into relief" language all the time in editorials, but to see that journalist device in a Bloomberg wire story is an eye-opener. It's almost reflexive in some newsrooms, this tendency to turn every news event into an opportunity for another sermon on the evils and unfairness of asset inequality.

Read More...

Always a Fairness Problem
futureofcapitalism.com

A Bloomberg News dispatch begins:

Billionaire John Paulson's $100 million donation to New York's Central Park Conservancy threw into relief inequities between parks frequented by the wealthy and those in less affluent neighborhoods.

And goes on in that vein. The New York Sun used to use that "threw into relief" language all the time in editorials, but to see that journalist device in a Bloomberg wire story is an eye-opener. It's almost reflexive in some newsrooms, this tendency to turn every news event into an opportunity for another sermon on the evils and unfairness of asset inequality.

Read More...

Bloomberg on New York Pension Investments
futureofcapitalism.com

Bloomberg News has an article on the New York City comptroller's refusal to disclose the identities of six city outside pension managers fired for poor performance:

He refused to identify them all, even after Bloomberg News sought their names under the state's Freedom of Information Law. Liu, a Taiwan-born Democrat who became the first Asian-American elected to citywide office in November, didn't want to embarrass them, said his spokeswoman, Sharon Lee....

Read More...