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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsVox Media Is Sponsored by Goldman Sachs
http://fair.org/home/voxs-puff-piece-on-goldman-sachs-doesnt-reveal-goldman-sponsors-vox/
Vox's Puff Piece on Goldman Sachs Doesn't Reveal Goldman Sponsors Vox
Vox: Why Goldman Sachs Just Started Offering Savings Accounts for the MassesVoxs Matthew Yglesias (4/25/16) gave a generous write-up to Goldman Sachs new commercial banking subsidiary, GS Bank, without noting that Goldman Sachs is a sponsor of Vox.
Despite the obligatory to be sure paragraph, where Yglesias ran through some of the downsides (they dont have a checking account and theres no ATM access), the post mostly served to promote a new product for the masses from Goldman Sachs, a company worth roughly $87 billion. One section in particular was glowing:
snip
Another section that defended the worlds second-largest investment bank against populist critics concerned about the merger of investment and retailing banking was equally eyebrow-raising:
snip
Missing from this report was any disclosure that Goldman Sachs is a sponsor of Voxs podcast, The Weeds, co-costed by Yglesias. How much exactly Goldman Sachs pays Vox Media is unknown, but any amount should compel the new media company to note this fact when reporting on Goldman Sachs especially when its promoting both its economic and political bottom line.
One of those Goldman-sponsored podcasts last week also served the investment banks interests: After much hand-wringing, the episode argued that raising income taxes on the super-wealthy didnt actually do much to reduce inequality, with Yglesias asserting, It is not a great idea to adopt an inequality focus. While its possible this conclusion may have been arrived at in good faith, its easy to see why Goldman Sachswhose partners are worth an average of $24 million would be interested in sponsoring a media company that aggressively argues against radical redistributive policies.
Vox: Goldman Sachs Paid to Expand Pre-K in UtahLast fall, the same week Voxs podcast made an earlier argument against higher income taxes on the rich, Vox ran another Goldman Sachs puff piece: Goldman Sachs Paid to Expand Pre-K in Utah. It Worked (10/19/15), education reporter Libby Nelsons glowing 870-word portrayal of Goldman Sachs as an educator of disadvantaged children. There was no disclosure in that piece, either, that Goldman was a Vox sponsor.
Vox Media, which landed a $200 million investment last August from Comcast (the same cable giant that helped seed it back in 2009 and 2012), has had previous disclosure problems. A Vox explainer last September (9/8/15; FAIR.org, 9/9/15) asserted that cable bundling almost certainly saves customers money in aggregate, singling out Comcast as a company that may not be much loved by its customers, but it has the weight of their collective voice in its bargaining over carriage fees. And Voxs repeated attacks on single-payer healthcare (FAIR.org, 1/30/16) failed to mention that Comcast is a major investor in for-profit healthcare technology companies.
Vox, which ironically announced last November that it will be moving into Goldman Sachs old address at 85 Broad Street in New York, has had an advertising relationship with the investment bank that dates back to at least late 2014, when Voxs Creative team made content for Goldman Sachs to promote its energy investments.
Readers have a right to know when writers are covering their sponsors, especially when that coverage is broadly positive and dovetails with the economic and ideological interests of the company in question.
Vox's Puff Piece on Goldman Sachs Doesn't Reveal Goldman Sponsors Vox
Vox: Why Goldman Sachs Just Started Offering Savings Accounts for the MassesVoxs Matthew Yglesias (4/25/16) gave a generous write-up to Goldman Sachs new commercial banking subsidiary, GS Bank, without noting that Goldman Sachs is a sponsor of Vox.
Despite the obligatory to be sure paragraph, where Yglesias ran through some of the downsides (they dont have a checking account and theres no ATM access), the post mostly served to promote a new product for the masses from Goldman Sachs, a company worth roughly $87 billion. One section in particular was glowing:
snip
Another section that defended the worlds second-largest investment bank against populist critics concerned about the merger of investment and retailing banking was equally eyebrow-raising:
snip
Missing from this report was any disclosure that Goldman Sachs is a sponsor of Voxs podcast, The Weeds, co-costed by Yglesias. How much exactly Goldman Sachs pays Vox Media is unknown, but any amount should compel the new media company to note this fact when reporting on Goldman Sachs especially when its promoting both its economic and political bottom line.
One of those Goldman-sponsored podcasts last week also served the investment banks interests: After much hand-wringing, the episode argued that raising income taxes on the super-wealthy didnt actually do much to reduce inequality, with Yglesias asserting, It is not a great idea to adopt an inequality focus. While its possible this conclusion may have been arrived at in good faith, its easy to see why Goldman Sachswhose partners are worth an average of $24 million would be interested in sponsoring a media company that aggressively argues against radical redistributive policies.
Vox: Goldman Sachs Paid to Expand Pre-K in UtahLast fall, the same week Voxs podcast made an earlier argument against higher income taxes on the rich, Vox ran another Goldman Sachs puff piece: Goldman Sachs Paid to Expand Pre-K in Utah. It Worked (10/19/15), education reporter Libby Nelsons glowing 870-word portrayal of Goldman Sachs as an educator of disadvantaged children. There was no disclosure in that piece, either, that Goldman was a Vox sponsor.
Vox Media, which landed a $200 million investment last August from Comcast (the same cable giant that helped seed it back in 2009 and 2012), has had previous disclosure problems. A Vox explainer last September (9/8/15; FAIR.org, 9/9/15) asserted that cable bundling almost certainly saves customers money in aggregate, singling out Comcast as a company that may not be much loved by its customers, but it has the weight of their collective voice in its bargaining over carriage fees. And Voxs repeated attacks on single-payer healthcare (FAIR.org, 1/30/16) failed to mention that Comcast is a major investor in for-profit healthcare technology companies.
Vox, which ironically announced last November that it will be moving into Goldman Sachs old address at 85 Broad Street in New York, has had an advertising relationship with the investment bank that dates back to at least late 2014, when Voxs Creative team made content for Goldman Sachs to promote its energy investments.
Readers have a right to know when writers are covering their sponsors, especially when that coverage is broadly positive and dovetails with the economic and ideological interests of the company in question.
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Vox Media Is Sponsored by Goldman Sachs (Original Post)
amborin
Apr 2016
OP
Good find. Might explain this: Ezra Klein and the Terrible, Horrible, No-Good Tax Calculator
think
Apr 2016
#1
Like learning that HuffPo is owned by AOL which is owned by Verizon: Bloomberg West, 4/17.
proverbialwisdom
Apr 2016
#2
Didn't know that. TY. Corporate conglomerates are way too powerful. America is in sad shape....
think
Apr 2016
#3
And this helps understanding, too, posted now because I just learned it.
proverbialwisdom
May 2016
#7
think
(11,641 posts)1. Good find. Might explain this: Ezra Klein and the Terrible, Horrible, No-Good Tax Calculator
Ezra Klein and the Terrible, Horrible, No-Good Tax Calculator
By Jim Naureckas
Posted on March 30, 2016
The website Vox (3/25/16) has what editor-in-chief Ezra Klein describes as an excellent tax calculator that, in its headlines promise, Tells You How Each Presidential Candidates Tax Plan Affects You.
Actually, it does no such thing; its a gimmick that is entirely useless except as a deceptive advertisement for Hillary Clinton.
As a gimmick, its pretty simple. You put in your annual income (actually, your expanded cash income, which you probably dont know even if you know what it is), whether youre single or married and whether you have no kids, one kid, or two or more kids. And then it tells you what Donald Trumps, Ted Cruzs, Hillary Clintons and Bernie Sanders plans mean for your federal tax liability.
Lets try it out with the US median household income ($43,585), married, two kids. You get a graphic that looks like this:
Vox: How Your Tax Liability Changes
Pay $5,110 moreholy smokes! Stop the revolution, I want to get off! Why didnt someone (besides Voxs Alvin Chang) tell me that Sanders wants to implement massive increases across the board, including on the poor?
Maybe because he doesntand you wouldnt pay $5,110 more, or anything like it.
Mostly, that big number you get for the Sanders tax hike when you plug in your income is the payroll tax that employers will pay to cover the cost of a single-payer healthcare system. As the Tax Policy Center, which worked with Vox to create the calculator, explains:
Read more:
http://fair.org/home/ezra-klein-and-the-terrible-horrible-no-good-tax-calculator/
By Jim Naureckas
Posted on March 30, 2016
The website Vox (3/25/16) has what editor-in-chief Ezra Klein describes as an excellent tax calculator that, in its headlines promise, Tells You How Each Presidential Candidates Tax Plan Affects You.
Actually, it does no such thing; its a gimmick that is entirely useless except as a deceptive advertisement for Hillary Clinton.
As a gimmick, its pretty simple. You put in your annual income (actually, your expanded cash income, which you probably dont know even if you know what it is), whether youre single or married and whether you have no kids, one kid, or two or more kids. And then it tells you what Donald Trumps, Ted Cruzs, Hillary Clintons and Bernie Sanders plans mean for your federal tax liability.
Lets try it out with the US median household income ($43,585), married, two kids. You get a graphic that looks like this:
Vox: How Your Tax Liability Changes
Pay $5,110 moreholy smokes! Stop the revolution, I want to get off! Why didnt someone (besides Voxs Alvin Chang) tell me that Sanders wants to implement massive increases across the board, including on the poor?
Maybe because he doesntand you wouldnt pay $5,110 more, or anything like it.
Mostly, that big number you get for the Sanders tax hike when you plug in your income is the payroll tax that employers will pay to cover the cost of a single-payer healthcare system. As the Tax Policy Center, which worked with Vox to create the calculator, explains:
Were including payroll taxes, excise taxes and corporate income taxes as well as individual income taxes . Most economists think employers pass their share of the tax on to workers in the form of lower wages.
Read more:
http://fair.org/home/ezra-klein-and-the-terrible-horrible-no-good-tax-calculator/
proverbialwisdom
(4,959 posts)2. Like learning that HuffPo is owned by AOL which is owned by Verizon: Bloomberg West, 4/17.
http://www.bloomberg.com/news/videos/2016-04-17/arianna-huffington-studio-1-0-full-show-04-17
Arianna Huffington: Studio 1.0 (Full Show 04/17)
3:54 PM PDT
April 17, 2016
This week on Studio 1.0: Emily Chang sits down with Arianna Huffington, editor-in-chief of the Huffington Post, one time candidate for California Governor, and author of 15 books, including her latest, "The Sleep Revolution." (Source: Bloomberg)
Arianna Huffington: Studio 1.0 (Full Show 04/17)
3:54 PM PDT
April 17, 2016
This week on Studio 1.0: Emily Chang sits down with Arianna Huffington, editor-in-chief of the Huffington Post, one time candidate for California Governor, and author of 15 books, including her latest, "The Sleep Revolution." (Source: Bloomberg)
...and Verizon is bidding for Yahoo.
think
(11,641 posts)3. Didn't know that. TY. Corporate conglomerates are way too powerful. America is in sad shape....
proverbialwisdom
(4,959 posts)7. And this helps understanding, too, posted now because I just learned it.
http://www.prnewswire.com/news-releases/chairman-of-the-executive-board-and-ceo-of-merck-kgaa-karl-ludwig-kley-elected-to-verizon-board-of-directors-300173419.html
Chairman of the Executive Board and CEO of Merck KGaA Karl-Ludwig Kley elected to Verizon Board of Directors
Nov 05, 2015, 13:00 ET from Verizon Communications Inc.
NEW YORK, Nov. 5, 2015 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Dr. Karl-Ludwig Kley, chairman of the executive board and chief executive officer of Merck KGaA, to the Verizon Board of Directors, effective November 5.
"Karl is an accomplished executive who brings to Verizon significant leadership experience as CEO of an innovative, global operation that is navigating a highly competitive, complex and rapidly changing ecosystem. He has extensive expertise in corporate finance and critical capabilities in strategy and operations," said Lowell McAdam, Verizon chairman and chief executive officer. "We are very pleased to have Karl join our board."
The addition of Kley brings Verizon's total board membership to 13.
Kley has been chief executive officer and chairman of the executive board of Merck KGaA in Darmstadt, Germany since 2007. Prior to this, he was appointed vice chairman of the executive board in September 2006. Before joining Merck KGaA, Kley was a member of the executive board of Deutsche Lufthansa AG from 1998 to 2006, where he served as chief financial officer. From 1982 to 1998, Kley worked for Bayer AG in a variety of positions, including as head of corporate finance and investor relations.
Kley holds a J.D. from the University of Munich.
<>
Chairman of the Executive Board and CEO of Merck KGaA Karl-Ludwig Kley elected to Verizon Board of Directors
Nov 05, 2015, 13:00 ET from Verizon Communications Inc.
NEW YORK, Nov. 5, 2015 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Dr. Karl-Ludwig Kley, chairman of the executive board and chief executive officer of Merck KGaA, to the Verizon Board of Directors, effective November 5.
"Karl is an accomplished executive who brings to Verizon significant leadership experience as CEO of an innovative, global operation that is navigating a highly competitive, complex and rapidly changing ecosystem. He has extensive expertise in corporate finance and critical capabilities in strategy and operations," said Lowell McAdam, Verizon chairman and chief executive officer. "We are very pleased to have Karl join our board."
The addition of Kley brings Verizon's total board membership to 13.
Kley has been chief executive officer and chairman of the executive board of Merck KGaA in Darmstadt, Germany since 2007. Prior to this, he was appointed vice chairman of the executive board in September 2006. Before joining Merck KGaA, Kley was a member of the executive board of Deutsche Lufthansa AG from 1998 to 2006, where he served as chief financial officer. From 1982 to 1998, Kley worked for Bayer AG in a variety of positions, including as head of corporate finance and investor relations.
Kley holds a J.D. from the University of Munich.
<>
nuxvomica
(12,424 posts)4. K&R
It's so important to know which media outlets can be trusted.
think
(11,641 posts)5. Kick and rec. /nt
romanic
(2,841 posts)6. Not surprising.
These corporations buy out/fund/sponsor so-called "progressive" news sites like Vox and use said outlets to push out all of the well-intentioned social/economic justice stories and clickbait listings while the corporations continue to do all the greedy shit sites like Vox advocate against. The media in general is just a big farce making us angry at each other while the corps continue to plunder and pillage.