This interactive session reflects on the media's role in the crisis by using questions like: Did the media see the crisis coming? If they warned viewers and readers, then how come no one acted before it was too late? Or did we all just read the wrong papers and watch the wrong channels? Are generalist-journalists capable of covering the full financial story? Should financial journalism share the blame? Why did mass media failed to pick up on the Wall Street shenanigans that caused the crisis? How come the few specialist reporters who saw it coming failed to get their stories into the 'echo chamber'? Participants:
Mark Gilbert, Global Capital Markets Columnist, London Bureau Chief and author of `Complicit: How Greed and Collusion Made The Credit Crunch Unstoppable';
Chris Hughes, Assistant Editor, Breakingviews.com;
Danny Schechter, mediadissector, Mediachannel.org; 'The credit crisis; how did we miss it?';
Dean Starkman, Editor 'The Audit', Columbia Journalism Review, on 'Power Problem; the business press did everything but take on the institutions that brought down the financial system";
Robert Teitelman, editor-in-chief of The Deal, on 'Financial Journalism and its Critics'.
Covering the Crisis generated two days of intense interaction and fruitful debate between leading global players from the world of financial journalism. Fresh insights were offered, new connections were made, experiences were shared and innovative ideas were generated.
Speaker: Jason Schenker, President of Prestige Economics LLC, Austin, Texas, advisor to the risk management committee of Wachovia bank in the US, and former McKinsey consultant.
Title: The Story Not Reported
Covering the Crisis generated two days of intense interaction and fruitful debate between leading global players from the world of financial journalism. Fresh insights were offered, new connections were made, experiences were shared and innovative ideas were generated.
Speaker: Karel Lannoo, Director of Center for European Policy Studies, Brussels Title: The new regulatory landscape in the EU
Covering the Crisis generated two days of intense interaction and fruitful debate between leading global players from the world of financial journalism. Fresh insights were offered, new connections were made, experiences were shared and innovative ideas were generated.
Speaker: Bernard A. Lietaer on Monetary blind spots and structural solutions
Bernard Lietaer is a Research Fellow at the Center for Sustainable Resources of the University of California at Berkeley. His book on the Future of Money was published in January 2001 and is available online. His professional background afforded him access to five different (and usually mutually exclusive) hands-on experiences with money systems. He developed the first models of global currency management for multinationals. He has consulted developing countries on improving hard currency earnings. He has worked as Professor of International Finance at the University of Louvain in Belgium, and has been the head of the planning department at the Central Bank of Belgium. He has also worked as chief currency trader for the Gaia Hedge Funds.
Covering the Crisis generated two days of intense interaction and fruitful debate between leading global players from the world of financial journalism. Fresh insights were offered, new connections were made, experiences were shared and innovative ideas were generated.
Question and Answer Session with Asgeir Jonsson and Poul Nyrup Rasmussen
Covering the Crisis generated two days of intense interaction and fruitful debate between leading global players from the world of financial journalism. Fresh insights were offered, new connections were made, experiences were shared and innovative ideas were generated.
The European Journalism Centre is holding an international conference on the role of the media in the financial crisis. The event gathers top journalists, politicians, social scientists, financial regulators, bankers and other experts from Europe and the USA. Together, they will seek answers to these questions and find out what lessons the crisis offers for the future of journalism. The event will be held in Brussels on 9-10 November 2009.
The conference will provide: 1. Analysis of why mass media failed to report effectively on the Wall Street and City shenanigans that caused the crisis, and why the few specialist reporters who saw it coming failed to get their message across.
2. Debate on control of financial news between journalists, academics and bankers.
3. Analysis of key changes in the global money business. Will there be a money paradigm shift?
4. Discussion on the future of journalism and financial journalism.
The European Journalism Centre is holding an international conference on the role of the media in the financial crisis. The event gathers top journalists, politicians, social scientists, financial regulators, bankers and other experts from Europe ...