Nationalization

It is a wild ride on Wall Street these days.  In case you missed it, the United States have taken over control of certain large financial institutions: Bear Stearns and Co., Freddie Mac, Fannie Mae, and now AIG.  These institutions have been nationalized.

Now go look at news for the word “nationalized”. You will find it for AFP [France] and The Globe and Mail [Canada], for example. You will not find it for Barrons [USA] or Reuters [USA].

It is clearly a hard word for USA based media to use when discussing things that happen the United States. The same media would use that same word in a jiffy if they were describing events in, say, France. (If you go a little further down the list of Google hits, you will find the word, of course. Seeking Alpha has it, for example, although it seems more like a provocation of its readership.)

The take-home message is that US news is heavily censored — not Government censored, but self-censored. Another notable subject that gets this treatment is news from the Middle East.

Suggestion: make sure you do not get all your news from US sources.

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