Comments on: Morrie Newman’s letter to the editor http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/ now with extra source Mon, 23 Nov 2009 22:34:55 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: peter http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/#comment-6827 peter Thu, 01 Jan 1970 10:00:00 +0000 #comment-6827 Newman's letter only reaffirms what we already know about this man, though its nice of him to remind everyone what sort of chappie he is.... i wonder if Rupert thrhear Murdoch trashing the Australian education system, look forwad to the next installment on that one.... probably how we should model ourselves on the US.) Newman’s letter only reaffirms what we already know about this man, though its nice of him to remind everyone what sort of chappie he is…. i wonder if Rupert thrhear Murdoch trashing the Australian education system, look forwad to the next installment on that one…. probably how we should model ourselves on the US.)

]]> By: Kevin Charles Herbert http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/#comment-6828 Kevin Charles Herbert Thu, 01 Jan 1970 10:00:00 +0000 #comment-6828 Frank Birchall: I think you'd have to agree that the Magdalen Mirror (aka The Economist) should be used to backing the wrong horse e.g the US half term Senate election outcomes post Lewinsky, Castro's imminent overthrow in '03 (?) etc etc. You've got to admire their reliance on their tried but untrue methodology involving a stridently argued position -- which happens to be completely wrong. I think the US State Department uses the same methodology.<br /><br />But it is a great read...sometimes very droll writing & full of eclectic facts that have the power to turn a dinner party bore into a crashing dinner party bore. Frank Birchall: I think you’d have to agree that the Magdalen Mirror (aka The Economist) should be used to backing the wrong horse e.g the US half term Senate election outcomes post Lewinsky, Castro’s imminent overthrow in ‘03 (?) etc etc. You’ve got to admire their reliance on their tried but untrue methodology involving a stridently argued position — which happens to be completely wrong. I think the US State Department uses the same methodology.

But it is a great read…sometimes very droll writing & full of eclectic facts that have the power to turn a dinner party bore into a crashing dinner party bore.

]]> By: Frank Birchall http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/#comment-6829 Frank Birchall Thu, 01 Jan 1970 10:00:00 +0000 #comment-6829 As a long-term subscriber to The Economist, I strongly suspect the editorial staff would have been aware of Newman's former position with the ASX. Furthermore, their ideological commitment to free markets and competition usually makes it easier to get a letter published if it is supporting that position. The Economist has been hugely embarrassed by the global financial meltdown because it has called capitalism into question. Newman's letter is attractive to The Economist because it attempts to entirely deflect blame away from the banks, mortgage lenders, financial engineers, irresponsible borrowers and other free market agents, on to politicians and governments. The downside of this attraction is that, if Newman is right, governments should respond with more and better regulation of the markets. That response is not one that The Economist would normally welcome. As a long-term subscriber to The Economist, I strongly suspect the editorial staff would have been aware of Newman’s former position with the ASX. Furthermore, their ideological commitment to free markets and competition usually makes it easier to get a letter published if it is supporting that position. The Economist has been hugely embarrassed by the global financial meltdown because it has called capitalism into question. Newman’s letter is attractive to The Economist because it attempts to entirely deflect blame away from the banks, mortgage lenders, financial engineers, irresponsible borrowers and other free market agents, on to politicians and governments. The downside of this attraction is that, if Newman is right, governments should respond with more and better regulation of the markets. That response is not one that The Economist would normally welcome.

]]> By: vanya http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/#comment-6830 vanya Thu, 01 Jan 1970 10:00:00 +0000 #comment-6830 Another corporate sociopath tells yet more porkies. <br /><br />Until all of these sociopaths infesting our financial system are weeded out and put in jail where they belong, there will be more lies and excuses from them. Another corporate sociopath tells yet more porkies.

Until all of these sociopaths infesting our financial system are weeded out and put in jail where they belong, there will be more lies and excuses from them.

]]> By: steve martin http://www.crikey.com.au/2008/11/03/morrie-newmans-letter-to-the-editor/#comment-6831 steve martin Thu, 01 Jan 1970 10:00:00 +0000 #comment-6831 At least Allan Greenspan had the decency to admit his failure owing to a reliance on ideology, rather than common sense. At least Allan Greenspan had the decency to admit his failure owing to a reliance on ideology, rather than common sense.

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