Graeme's

Efficient markets, bamboozled journalists and stupid regulators

Posted by Graeme in Business & Investment,Market failure,Wrong at 8:03 am on Monday, 9 November 2009

The media seems to have reached a consensus that the efficient markets hypothesis (EMH) has been discredited by the financial crises. I have been somewhat bemused by this, as I could not see the connection. (more…)

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Media spin killling babies

Posted by Graeme in Wrong at 5:34 am on Monday, 19 October 2009

I can be nice about a journalist for once, because Sarah Boseley at The Guardian has shot down the misinterpretation (once again, spin to back up government advice) of a study on the safety of allowing babies to sleep in their parents bed. (more…)

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Journalists eat spin on organic food

Posted by Graeme in Health,Wrong at 8:04 am on Friday, 7 August 2009

I assume that everyone who is interested knows by now that the headlines claiming that a Food Standards Agency study showed that “organic food was not healthier” were grossly inaccurate. I want to know why journalists did not even read the first paragraph of the report itself, let alone any real analysis of the report itself, before reproducing the Food Standard Agency’s spin. (more…)

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Wi-fi allergy hoax: do journalists ever check facts?

Posted by Graeme in Wrong at 4:34 am on Friday, 31 July 2009

The recent stories about the man claiming to suffer from an “allergy” to wi-fi were not just, as I initially thought, someone with a psychosomatic problem; it was a publicity stunt that cleverly exploited journalists’ inability to check facts. (more…)

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LA Times false accusation of Facebook

Posted by Graeme in Internet,Wrong at 6:49 am on Sunday, 26 July 2009

Yet more examples of the wonderful fact checking that we can rely on journalists to do, the LA Times has a story that relies entirely on the authority of “someone’s blog said so”, accusing Facebook of using user’s photos in ads without permission. It was soon convincingly re-butted by Facebook. (more…)

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National Portait Gallery and everlasting copyrights

Posted by Graeme in Economics,Media at 4:44 am on Wednesday, 22 July 2009

I had not intended to blog about the National Portrait Gallery threatening to sue Wikipedia over the latter’s publication of copies of paintings in the gallery, as I thought it would be obvious to anyone that this is a blatant attempt to use physical possession of a work to get around the expirations of copyrights. Tactics like this can effectively extend copyright indefinitely. (more…)

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Why blogs are better than newspapers

Posted by Graeme in Media at 3:35 am on Thursday, 2 July 2009

Here is an example. It is readable (even if you skip the calculations), explains the argument for expecting a strong recovery, and why it may not happen. (more…)

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Google hatred

Posted by Graeme in Economics,Internet,Wrong at 6:37 am on Wednesday, 29 April 2009

The usually intelligent Willem Buiter has written a great example of the irrational hatred that Google seems to sporadically evoke. He attacks them with a list of charges, all of which are easily refuted.

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Scary Pew Research

Posted by Graeme in Religion,Wrong at 11:39 am on Monday, 16 February 2009

Many people have called the recent Pew Research Centre poll that “showed” that only 26% of Americans believed in evolution. What is really scary is that no-one seems to have looked closely enough at it to see that it showed nothing of the sort.
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Old news, but….

Posted by Graeme in Wrong at 4:03 pm on Sunday, 15 February 2009

…just in case you missed it (I did till today).

The Guardian was fooled by an elaborate hoax into claiming that NASA conducted experiments on sex in space.

They believed the story because they got the claim from a “respected French scientific writer”, Pierre Kohler. Neither he nor Jon Henley (the Guardian journalist responsible) actually thought of doing some of the proper fact checking.

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