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Paul Krugman

Taking stock

Taking stock

Taking stock is a tradition observed by Jews at Yom Kippur and others who examine their lives at the end of a year and vow to improve in the new year.

One group needs to take stock perhaps more than any other: the mainstream media. They continue to lose readers and viewers, but close their eyes and ears to complaints from the public, guaranteeing continued decline in revenue, along with buyouts and layoffs.

So many of the big media outlets have become predictable and one-dimensional that if I didn't have to pay attention, I wouldn't. The New York Times, which fancies itself the "paper of record," is an ideological broken record. The Times and the broadcast networks...

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