Risk Rap

Rapping About a World at Risk

Big Data for a Small World: SMEIoT

smeiotIoT

The world is a great big database and algorithmic wizards and mad data scientists are burning the midnight oil to mine the perplexing infinities of ubiquitous data points.  Their goal is to put data to use to facilitate better governance, initiate pinpoint marketing campaigns, pursue revelatory academic research and improve the quality of service public agencies deliver to protect and serve communities. The convergence of Big Data, Cloud Computing and the Internet of Things (IoT) make this possible.

The earth is the mother of all relational databases.  It’s six billion inhabitants track many billions of real time digital footprints across the face of the globe each and every day.  Some footprints are readily apparent and easy to see.  Facebook likes, credit card transactions, name and address lists, urgent Tweets and public records sparkle like alluvial diamonds; all easily plucked by data aggregators and sold to product marketers at astonishing profit margins.  Other data points are less apparent, hidden or derived in the incessant hum of the ever listening, ever recording global cybersphere.   These are the digital touch points we knowingly and unknowingly create with our interactions with the world wide web and the machines that live there.

It is estimated that there is over 20 billion smart machines that are fully integrated into our lives.  These machines stay busy creating digital footprints; adding quantitative context to the quality of the human condition.  EZ Passes, RFID tags, cell phone records, location tracking, energy meters, odometers, auto dashboard idiot lights, self diagnostic fault tolerant machines, industrial process controls, seismographic, air and water quality apparatuses and the streaming CBOT digital blips flash the milliseconds of a day in the life of John Q. Public.  Most sentient beings pay little notice, failing to consider that someone somewhere is planting the imprints of our daily lives in mammoth disk farms.  The webmasters, data engineers and information scientists are collecting, collating, aggregating, scoring and analyzing these rich gardens of data to harvest an accurate psychographic portrait of modernity.

The IoT is the term coined to describe the new digital landscape we inhabit.  The ubiquitous nature of the internet, the continued rationalization of the digital economy into the fabric of society and the absolute dependency of daily life upon it, require deep consideration how it impacts civil liberties, governance, cultural vibrancy and economic well being.

The IoT is the next step in the development of the digital economy. By 2025 it is estimated that IoT will drive $6 Trillion in global economic activity.  This anoints data and information as the loam of the modern global economy; no less significant than the arrival of discrete manufacturing at the dawn of industrial capitalism.

The time may come when a case may be made that user generated data is a commodity and should be considered a public domain natural resource; but today it is the province of digirati  shamans entrusted to interpret the Rosetta Stones, gleaning deep understanding of the current reality while deriving high probability predictive futures.  IoT is one of the prevailing drivers of global social development.


SME

There is another critical economic and socio-political driver of the global economy.  Small Mid-Sized Enterprises (SME) are the cornerstone of job creation in developed economies.  They form the bedrock of subsistence and economic activity in lesser developed countries (LDC).  They are the dynamic element of capitalism.  SME led by courageous risk takers are the spearhead of capital formation initiatives.  Politicians, bureaucrats and business pundits extol their entrepreneurial zeal and hope to channel their youthful energy in service to local and national political aspirations.  The establishment of SME is a critical macroeconomic indicator of a country’s economic health and the wellspring of social wealth creation.

The World Bank/ IFC estimates that over 130 million registered SME inhabit the global economy. The definition of an SME varies by country. Generally an SME and MSME (Micro Small Mid Sized Enterprises)  are defined by two measures, number of employees or annual sales.  Micro enterprises are defined as employing less than 9 employees, small up to 100 employees and medium sized enterprises anywhere from 200 to 500 employees.  Defining SMEs by sales scale in a similar fashion.

Every year millions of startup businesses replace the millions that have closed.  The world’s largest economy United States boasts over 30 million SME and every year over one million  small businesses close.  The EU and OECD countries report similar statistics of the preponderance of SME and numbers of business closures.

The SME is a dynamic non homogeneous business segment.  It is highly diverse in character, culture and business model heavily colored by local influence and custom. SME is overly sensitive to macroeconomic risk factors and market cyclicality.  Risk is magnified in the SME franchise due to high concentration of risk factors.  Over reliance on a limited set of key clients or suppliers, product obsolescence, competitive pressures, force majeure events, key employee risk, change management and credit channel dependencies are glaring risk factors magnified by business scale and market geographics.

In the United States, during the banking crisis the Federal Reserve was criticized for pursuing policies that favored large banking and capital market participants while largely ignoring SME. To mitigate contagion risk, The Federal Reserve  quickly acted to pump liquidity into the banking sector to buttress the capital structure of SIFI (Systemically Important Financial Institutions). It was thought that a collateral benefit would be the stimulation of SME lending.  This never occurred as SBA backed loans nosedived. Former Treasury Secretary Timothy Geithner implemented the TARP and TALF programs to further strengthen the capital base of distressed banks as former Fed Chairman  Ben Bernanke pursued Quantitative Easing to transfer troubled mortgage backed securities onto Uncle Sams balance sheet to relieve financial institutions  of these troubled assets. Some may argue that President Obama’s The American Recovery and Reinvestment Act of 2009 (ARRA)  helped the SME sector.  The $800 billion stimulus was one third tax cuts, one third cash infusion to local governments and one third capital expenditures aimed at shovel ready infrastructure improvement projects.  The scale of the ARRA was miniscule as compared to support rendered to banks and did little to halt the deteriorating macroeconomic conditions of the collapsing housing market, ballooning unemployment and rising energy prices severely stressing SME.

The EU offered no better.  As the PIGS (Portugal, Ireland, Greece, Spain) economies collapsed the European Central Bank forced draconian austerity measures on national government expenditures undermining key SME market sensitivities.  On both sides of the Atlantic, the perception of a bifurcated central banking policy that favored TBTF Wall Street over the needs of  an atomized SME segment flourished.  The wedge between the speculative economy of Wall Street and the real economy on Main Street remains a festering wound.

In contrast to the approach of western central bankers, Asian Tigers, particularly Singapore have created a highly  supportive environment for the incubation and development of SME. Banks offer comprehensive portfolios of financial products and SME advisory services. Government legislative programs highlight incubation initiatives linked to specific industry sectors. Developed economies have much to learn from these SME friendly market leaders.

The pressing issues concerning net neutrality, ecommerce tax policies, climate change and the recognition of Bitcoin as a valid commercial specie are critical developments that goes to the heart of a healthy global SME community.  These emerging market events are benevolent business drivers for SME and concern grows that legislative initiatives are being drafted to codify advantages for politically connected larger enterprises.

Many view this as a manifestation of a broken political system, rife with protections of large well financed politically connected institutions. Undermining these entrenched corporate interests is the ascending digital paradigm promising to dramatically alter business as usual politics. Witness the role of social media in the Arab Spring, Barack Obama’s 2008 election or the decapitalization of the print media industry as clear signals of the the passing away of the old order of things.  Social networking technologies and the democratization of information breaks down the ossified monopolies of knowledge access. These archaic ramparts are being gleefully overthrown by open collaborative initiatives levelling the playing field for all market participants.

SMEIoT

This is where SMEIoT neatly converges.  To effectively serve an efficient market, transparency and a contextual understanding of its innate dynamics are critical preconditions to market participation.  The incubation of SME and the underwriting of capital formation initiatives from a myriad of providers will occur as information standards provide a level of transparency that optimally aligns risk and investment capital. SMEIoT will provide the insights to the sector for SME to grow and prosper while industry service providers engage SME within the context of a cooperative economic non-exploitative relationship.

This series will examine SME and how IoT will serve to transform and incubate the sector.  We’ll examine the typology of the SME ecosystem, its risk characteristics and features.  We’ll propose a metadata framework to model SME descriptors, attributes, risk factors and a scoring methodology.  We’ll propose an SME portal, review the mission of Big Data and its indispensable role to create cooperative economic frameworks within the SME ecosystem. Lastly we’ll review groundbreaking work social scientists, legal scholars and digital frontier activists are proposing to address best governance practices and ethical considerations of Big Data collection, the protection of privacy rights,  informed consent, proprietary content and standards of accountability.

SMEIoT coalesces at the intersection of social science, commerce and technology.  History has aligned SMEIot building blocks to create the conditions for this exciting convergence.  Wide participation of government agencies, academicians, business leaders, scientists and ethicists will be required to make pursuit of  this science serve the greatest good.

 

This is the first in a series of articles on Big Data and SMEIoT . It originally appeared in Daftblogger eJournal. Next piece in series is scheduled to appear on Daftblogger eJournal within the next two weeks.

#smeiot #metasme #sum2llc #sme #office365 #mobileoffice #TARP #capitalformation #IoT #internetofthings #OECD #TBTF #Bitcoin #psychographics #smeportals #bigdata #informedconsent

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July 9, 2014 Posted by | banking, Bernanke, commerce, commercial, credit crisis, economics, ethics, Internet of Things, IoT, politics, risk management, SME, SMEIOT, Sum2, sustainability, TALF, TARP, Treasury | , , , , , , , , , , , , , , , , | Leave a comment

Leaking Visions of a New World Order

Every once a while an event happens that shifts the prevailing scheme of things. Julian Assange’s dump and release of US State Department cables (CableGate) for global distribution on WikiLeaks is such an event. It radically alters existing convention and the public’s general perception of normalcy, acceptability and protocol.  It brings into question the motives and interests of nations and their leaders. It squarely plops an 800 pound gorilla on the sofa in everyone’s living room and provokes questions that naggingly insist answers.   Asking leaders about duplicity, conflicts of interest, distortions, fabrications, fibs and outright lies all done in the national interest.  It is how a new Weltanschauung is cast and forged to conform to the needs a new world order.  The sun has set on the American Century.  Blessedly, America’s days as a self righteous post Cold War marauding superpower are coming to a close.  The WikiLeaks disclosures gives us some insights into the thinking and banter world leaders engage as they move the Chess pieces across the board on the great global game  of new world order.

There are moral considerations and ethical arguments to be made on each side of Mr. Assange’s incendiary action.  CableGate raises complex multidimensional issues of national security, informed citizenry, the protection of information, its public disclosure and citizens right to know.  The natural tension between  the simultaneous need for confidentiality and transparency is a reality of our complex and interconnected world.  The management of these issues have escalated to become a preeminent dilemma of our time.  This raises significant  challenges to democratic societies and the governance structures of both public and private institutions.  It threatens institutional sustainability and undermines institutional capability to function in highly interdependent stakeholder ecosystems.  The risk of seeking pathways to safely navigate the virtual minefields of a digitized global world is great and continues to grow.

The most impassioned issue raised by CableGate is the ethical violation of stolen property.  The cables were not Mr. Assange’s property and what gives him the right to publish and violate diplomats right to confidentiality and privacy? His actions could endanger diplomatic relationships, compromise government initiatives or derail delicate negotiations.  Do governments have a right to privacy?  If so, what information needs to be classified as secret and confidential?  If all documents are secret then the designation is meaningless and government nothing more then a ruthless leviathan lording over a clueless citizenry.

Another critical question CableGate raises is who is served by the publication of these cables? Certainly American citizens in whose interest the State Department purportedly acts benefits from the added transparency.  US citizens must admit there is a certain level of comfort in being able to track the satchel of an Afghanistan Vice President stuffed $52 million of taxpayers money through the U.A.E. Customs.

Detractors of CableGate assert that the leaks are a danger to America and its citizens.  If so why is the public aggrieved and who exactly is the “aggrieved public”?  Soldiers and servicemen fighting in Afghanistan?  Does State Department Cables provide tactical and strategic information on troop deployments?  Highly doubtful.  More likely it is the special interests enriching themselves at the public troughs by cutting deals to shamelessly engorge themselves as insidious war profiteers.  Better to ask why our country has placed our young servicemen and woman at risk in wars that makes little sense and accomplishes nothing.

Another set of critical questions CableGate raises are “Do citizens have a right to truth?  Is access to information meaningful?  Does the information help citizens of democratic societies understand the actions and motivations of their government?  Why do diplomats pursue certain course of action and who is profiting from the course of action pursued?  These are critical tenants citizens require to make informed decisions in a democratic society and CableGate certainly supports the notion of information empowerment for citizens.

Arguing the contrary one must ask “is it better to be mislead and be lied too in the name of propriety and protocol then to be victimized by the truth?  I’ll take conviction in a court of truth and pray for a life sentence every time.

If you believe that the public can’t handle the truth or needs protection from it; imagine yourself living near a nuclear power plant and it was leaking radiation into your drinking water.  Would you like to know about it?  What if disclosure led to wide spread panic?  I believe that truth and transparency always serves to discover and determine the best course of action to pursue.

CableGate has also shed damaging light on the power exercised by private corporations and the commercial control and open access and free availability of information.  Amazon’s cloud computing service had no silver lining for WikiLeaks.  After the WikiLeak dump it shut down access to the cables due to the unacceptable risk posed by denial of service attacks mounted by computer hackers.   This was followed by PayPal’s closure of WikiLeaks donation solicitation account.  Was PayPal’s motive purely patriotic?  Where they just pissed at WikiLeaks or were they at risk of  aiding and abetting a subversive organization that risked prosecution under certain provisions of  THE USA PATRIOT ACT?

Academic freedom also seems to have taken a blow due to CableGate.  This weekend, Columbia University warned its students not to download or distribute WikiLeak cables because it may affect future employment opportunities with the State Department. Government employees were also warned not to read or access the cables because they had no security clearance to do so.  If they were caught accessing the leaked cables it could cost them their jobs.  Even though the cables are published in great detail everyday by newspapers throughout the world, government employees must be careful not to notice for risk of losing their employment.  This is truly a Kafkaesque dilemma for some, a divine comedy for others and a growing political drama for everyone.

I’m still not sure that Cablegate is what it purports to be.  As the old saying goes and the cables affirm nothing is ever as it seems.  I find it  most improbable that a Private First Class sitting at a PC in Baghdad could download the Iraq War Logs and throw a great superpower into a first class crisis of the new world order.  I liken the leaks  to the past practice  of “special unnamed high placed sources” leaking inside information to the liberal mainstream media outlets.  Its done to float trial balloons about new government directions.  They do it to test the waters of public sentiment to new ideas, or change in policy course or  potentially damaging information to see how the public reacts.  Not one to be of a conspiratorial mindset, I perceive CableGate in this light.  As expected the public reaction thus far  has elevated our collective sense of outrage to a heightened level of ambivalence.

In many respects Iraq War Logs supports the construction of a new narrative about an exit strategy from Iraq and Afghanistan.  The revelations of wastefulness, corruption and back room deal making with a full caste of sordid characters reinforces  the public perception about the uselessness of these wasteful and expensive misadventures.  The cables may prove to be the documentary evidence  of  America’s Waterloo and CableGate  may be seen by future generations as the  historical high watermark of an expired global empire.

As the Iraq and Afghanistan War Logs helped to prepare the public psyche for an exit strategy in Afghanistan and Iraq; CableGate helps construct a narrative surrounding the need to “cut off the head of the snake in Iran”.  These cables implicate Arab States in a desire to undermine the apostate Persians and abrogates Israeli culpability as the driving force behind an attack on Iran.

Iranian President Mahmoud Ahmadinejad called the cables psychological warfare.  I don’t doubt for a second that atomic weapons in the hands of Iran is a dangerous development that needs to be mitigated.  That does not mean that we should employ bombers to destroy Iranian nuclear processing facilities.  This would only create an environmental disaster and political crisis  that further destabilizes the region.  It would secure the enmity of new generations of Muslims and no doubt stoke the escalation of the Crusade against Islam.

In the Far East,China’s growth as a world super power and ascending rival to US dominance makes for compelling reading.  Here its no surprise that cables assess a strengthening China, its growing nationalism and military readiness.  Reading these cables against the backdrop of rising tensions on the Korean peninsula, China’s complicity in helping North Korea ship nuclear materials to Iran and the changing sentiment in the US concerning the largest note holder of government bonds may prove to  carry grave consequences for harmonious US/China relations.   The cable revealing China’s ambivalence toward its North Korean surrogate state is laid bare as long as it can secure preferred trade agreements with a unified Korea.

The revelations offered by Pakistan’s leaders about support for the Taliban and a growing concern about the safety of their nuclear arsenals raised the possibility of a US military move to quarantine or neutralize Pakistani weapon systems.  Though so far India seems to come off unscathed by the cables it must be heartening for India’s leaders to know that its budding friendship with the US may encourage a move to disarm the nuclear capability of its northern antagonist and the worlds sole Islamic atomic state.

These WikiLeaks offer up a brand new narrative for an emerging new world order.  The damaging realization of the spillage of confidential proprietary discussions and dialogs between world governments and the mishandling of those documents diminishes the stature of US federalism.  The undermining of federalism and its suitability as a governance structure for the new millennium foreshadows the growing antagonism of global corporate entities like Google and the nationalistic government of the People’s Republic of China augers an era of  conflict between statism and corporatism.

CableGate is a deliberate attempt to have institutions open up with greater transparency and construct a democratic narrative that force governments to change.  Mr. Assange’s  avowed goal is to, “allow governments and institutions to become more transparent or force them to become more opaque”  Depending on the what side of the fence your sitting on, openness and transparency benefits the public interest.  The struggle for democracy requires the open access and the free flow of information.

In the digital age denial of free, open and equal access to information is tantamount to fascism.  Withheld, it will encourage people to rise up demanding the means to pursue conscious enlightenment.  This may spur political activism that demands institutional accountability,  and the practice of democratic governance based on constitutional principles.  Failing that once free citizens will be forced to accept the meager lies and obfuscations of leaders and power elites whose self interest is the sole interest of government.

So as Secretary of State Hillary Clinton tries to plug the leaks in a failing dike system, we cannot content ourselves to live with our heads buried in the sand,  filling our minds with reality TV reruns of Jack Ass Three and Bristol Palin bustin a move on Dance Fever.  I’ve heard it said that the best way to influence the future is to invent it.  Mr. Assange has given us a world of insights and a basic tool set to start constructing a foundation for a new world order.

You Tube Music Video: REM, End of the World As We Know It

Risk: diplomacy, international relations, governance

December 6, 2010 Posted by | Cablegate, corporate governance, corruption, culture, democracy, ethics, government, institutional, Iraq War Logs, legal, nuclear, peace, politics, psychology, reputational risk, terrorism, values, war, WikiLeaks | , , , , , , , , , , , , , , , , , , , | Leave a comment

Best Buy Tent City

Its official. The battle has been joined and America’s values are alive and well in the War Against Christmas.  A lead news story on CNN this morning is of a family setting up a tent at the doorway of a Best Buy in Orlando. These intrepid people, steeped in wholesome pursuit of real family values have staked a claim to be first in line for the annual Black Friday deathcage match. These gladiators of consumer capitalism are toughing it out. They choose to courageously suffer the discomforts of the bleak concrete jungle. Their bivouac is a full week in advance of the day after Thanksgiving orgy of shopping that has become an annual rite of American’s unabashed prostration to consumer excess.

This family are truly free market heroes. They will be joined with armies of fellow patriots. Together they will tramp to the Malls of America armed with nothing more then a wallet full of limit challenged credit cards in their battle to stimulate demand for Chinese manufacturers and to thoroughly route the enemies warring against Christmas.

This family is unselfishly sacrificing quality family time. Each member will take turns standing post in this righteous encampment. This will allow other family members rest at home or go about the daily activities of civilian life. For these product purchasing patriots even Thanksgiving will need to be sacrificed at mammon’s alter so they can stand as vigilant sentinels guarding their place at the head of the Best Buy line. The thought of missing bargains or failing to secure the purchase of this years newest hot product due to an expired inventory is a fate just to terrible to contemplate.

This family clearly has their priorities strait. They are determined to satisfy the Christmas wishes of family and friends. These radical entitle-istes will not be denied their 10% discount on X Boxes and Ipods. This family will not rest until the mission to buy a Medal of Honor Black Ops or Mafia 2 “The City of Lost Heaven” video game for the special children in their lives is secured, wrapped and placed under the family’s silver coated Tannenbaum.

Like all thoughtful people this family will pause on Thanksgiving Day or sometime during their 168 hour vigil to express deep gratitude that their tent is much nicer then the typical residences recently springing up on the outskirts of Port-Au-Prince.

Soldier on you bold armies of the night.  Solider on.

You Tube Video: Tenting Tonight

Risk: values, culture, priorities

November 20, 2010 Posted by | business, commercial, culture, ethics, holiday, religion, seasons, values | , , , , , , , | Leave a comment

The Fall of Prince Charles

Charlie Rangel you stayed one term too long.  Twenty terms in office has taken its toll on you.  You have courageously fought for the marginalized in our society and have brilliantly served your constituency and country.  But like Brett Favre you didn’t know when to call it quits.  You could have gone out on top like a champion of the people you so ably represented during your four decades in public office.  Now your left to tramp through the morass of pedestrian politics to defend your reputation and salvage a bit of your integrity.

I didn’t think it was wise decision to run for reelection during the last midterms.  I thought it was motivated by a selfish ego.  Your alleged indiscretions and misdemeanors have made you the poster child for all overreaching politicians and their supercharged sense of entitlement.  As Chairman of the Ways and Means Committee your oversight to pay taxes on Dominican rental properties, improper use of mail privileges and your expansive portfolio of rent controlled apartments showed you to be a master exploiter of the numerous ways politician lose touch with the mission of service and the means by which they shamelessly serve themselves by using the power of their office.

Mr. Rangel you did your party and your president a disservice by running for reelection.  This country needs new fresh ideas, youthful energy and representatives unsullied by the  graft and excess privilege taking endemic to political careerists. Yesterday, a panel of your peers on the House Ethics Committee convicted you of numerous policy offenses and conduct unbecoming a congressmen.  They did you and the country a huge favor.  The swift dispatch of justice helps our country avoid the political theater of a  national trauma that a Republican controlled and Tea Party inspired Committee hearing would orchestrate for the American people.

During your last campaign I recall some Eyewitness News video of you strolling down 125th Street followed by a courtier of staffers and hangers-on.  As you waded through your adoring constituents they obligingly parted as if to make way for a royal prince.  As you passed by you pointed with extended arm to individuals as if to say to each “‘I see you and you are mine, you are mine and you are mine.”

Clearly the  good Bonnie Prince Charlie is beloved in his principality.  Mr. Rangel has faithfully served the people of the 15th District of New York and brought home some major bacon.   He has fought hard for the marginalized and working people to codify social justice as a law of the land.  But as he pointed to exuberant constituents anointing them with a royal recognition I could not chase the thought of you holding leases on four rent controlled apartments.  Given the national nightmare of home foreclosures and rising homelessness I couldn’t help but think of the families displaced from affordable housing by Mr. Rangel’s gluttonous pursuit of a radical entitlement.  All the good work Mr. Rangel accomplished does not excuse a mindset that  allows one  to rationalize behavior that shuts out needy families from affordable housing.  It’s an example of how power and privilege corrupts the best men and a symbol of all that is wrong with America and the leaders we chose that brought us to where we are today.

Thank you for your service Mr. Rangel.

You Tube Video: Bobby Womack, Across 110th Street

Risk: democracy, corruption, politicians

November 18, 2010 Posted by | corruption, democracy, democrats, ethics, homelessness, politics, republicans, social justice, Tea Party | , , , , , , , , , , , , | Leave a comment

Say It Ain’t So Keith

Everybody knows the story about Shoeless Joe Jackson.  When the infamous Chicago “Black Sox” star  Joe Jackson emerged from the courtroom after admitting his guilt for taking money to throw the 1919 World Series, a boy implored his hero to uphold the integrity of the game by asking, “say it ain’t so Joe.”  A newspaper account  reports that  a shame filled Shoeless Joe admitted his guilt to the crestfallen young fan before walking away through a raucous crowd.  The next day, Commissioner Kenesaw  Mountain Landis kicked Shoeless Joe out of the game and forever banned his name from inclusion in the Hall of Fame.  Such are the wages for the actions of unscrupulous cheaters.

On learning the news about Keith Olbermann’s  suspension from MSNBC I feel like that young adoring fan.  I refuse to believe that my favorite news commentator would violate the sacred tenant of a free press and compromise his integrity by making financial contributions to candidates running for public office.

The reported amounts of dollars Olbermann reportedly contributed to 3 democratic congressional candidates is minuscule.   Citizens are limited to a contribution ceiling of $2,400 per candidate and Olbermann allegedly hit that limit in support of two candidates from Arizona and one in Kentucky.

Its hard to believe that Olbermann would compromise his integrity for such a paltry sum.  If these allegations are true, the greater irony is that  as a result of his ill considered action, the priceless value of Olbermann’s nightly critique of reactionary republicanism is now jeopardized.  The risk of losing a vital and robust voice of progressive politics on a major cable channel is a real possibility.  This one really hurts.

Some have offered a defense for Olbermann by pointing to Fox News extreme partisanship and financial support of Republican candidates.  Rupert Murdock reportedly made a $1 million contribution to the Republican Governors Association and point to Glenn Beck’s Tea Party activism or the use of GOP leaders like Karl Rove and Sarah Palin as paid political commentators.  This argument misses the point about Olbermann’s trespass.  Like the Juan William’s dust-up after his termination from NPR, Olbermann’s transgressions falls into the same category.  Olbermann violated a term of his employment that prohibits news reporters from making contributions to political candidates.  In my mind that’s a fair rule if a network wants to maintain a semblance of objectivity.  We expect news professionals of Mr. Olbermannn’s stature to uphold a level of integrity that protects the sacred mission of the free press in a free society.  Edward R. Murrow would expect nothing less.  Olbermann’s violation of the rule prohibiting contributions to political candidates goes to the heart of a compromised free press.  With no transparency or disclosure, Olbermann’s actions has demeaned the MSNBC brand by compromising its ability to present the news without fear of favor. There is no equivocation or quid pro qou when it comes to upholding the standards of excellence for ethical behavior.

We know where Fox News stands in its political deposition.  We also know the space that MSNBC tries to occupy.  Fox’s shameless partisianship is not the issue.  Fox’s corporate rules of behavior and standards of ethics for employees is not the issue.  The issue is MSNBC’s standards of ethics for its employees and how they enforce those standards when they are broken.  If Mr. Olbermann violated that ethical standard he should in all good conscience resign from MSNBC.

Please, say it ain’t so Keith.  Please.

You Tube Music Video: Ludwig Von Beethoven: 9th Symphony, 2nd Movement

Risk: free press, ethics, disclosure, transparency

November 7, 2010 Posted by | ethics, media | , , , , , , , , , | Leave a comment