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Elites in a number of countries, including journalists, feel safe repeating stories if it's been in the FT or the Economist before.

And lots of businessmen know only that version of international news.

So what they say does matter to shape conventional wisdom, unfortunately.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 25th, 2006 at 11:11:02 AM EST
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Yes, it does matter but thats is not the same as what someone might equqte with respectability. Let's say it has high 'MSM credibility'. Ha!
by Quentin on Sun Jun 25th, 2006 at 01:11:44 PM EST
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