Covering the G20 Like the Oscars - Trivializing of the Highe
Even during an economic crisis the press will devolve into covering an event that includes the leaders of the 20 most powerful economies of the world in the most trivial of ways. Based on the coverage, we're not really sure happened aside from Mrs. Obama feeling up the queen, being in a stylistic cage match with the first lady of France, Gordon Brown laughing too hard at one of President Obama's jokes, and Obama himself ending a Fight Club round between the Chinese premier and the French president. Oh, and someone said something about the possibility of a global regulatory framework that the US largely rejected in form though not in principle and something about a trillion dollars for the IMF. What's the IMF? Must be something like TARP, PPIP, TALF, et al. All that stuff must be pretty unimportant. We really should be focusing on the important stuff, like...
You have Arianna Huffington as the guest commentator on CNBC earlier in the week having an impromptu interview with Noriel Roubini about the soundness of the Geithner plan, and then you have her talking about Michelle Obama's style. We appreciate the versatility, but is that the only thing to comment on coming out of the G20. Either the G20 was a complete waste of time or the media's not sure what's important and what not at these events.
All of these "high-impact" stories are on the front page of the Huffington Post (all right now, all at the same time)...not People or US Weekly. Over saturation with stories such as these call into question the credibility the HuffPo's upcoming adventure into "investigative journalism." We wonder what that would entail...plumbing the true depths of Michelle Obama's Amelda Marcos-like shoe collection?