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Media Navel Gaze: March 14, 2016

Mark Kollar  Follow

Now it’s fisticuffs and then some! The debates had calmed down a bit but the real fights took place between Trump supporters and protestors in Chicago, causing the rally at a University of Illinois arena to be cancelled amid safety concerns and thus giving even more airtime to the spectacle than probably warranted. Circus no longer describes this lead up to the Republican convention.

In other circus-like events:

  • The Gawker invasion-of-privacy-lawsuit brought by Hulk Hogan got really freaky when the editor on the stand sarcastically said the one situation where a celebrity sex tape would not be newsworthy was if “a child” were involved and under the age of “four”;
  • The chief communications officer of JWT filed a lawsuit against the company’s CEO for gender discrimination (NYT and elsewhere);
  • A Google computer program beat the world champion in a round of Go, a game widely viewed as one of the most complex board games ever made;
  • On important, more serious notes: The ECB launched a series of stimulus measures to support the economy but the effects were short lived, at least for now;
  • The US equity markets staged another advance this week, its fourth in a row now, with a big rally Friday and the Dow closing up 1.3 percent alone that day to end at 17,213, narrowing the loss so far this year to down 1.2 percent;
  • Michael Bloomberg decided not to run for president as an independent;
  • Maria Sharapova failed a drug test in a pretty upfront and on-message mea culpa that failed to prevent her from losing her big sponsorships;
  • The mass-market paperback edition of To Kill a Mockingbird is ceasing publication, the version school children and most of us read for decades because its licensing agreement has expired and has not been renewed; and
  • Ray Tomlinson, the man who decided to put the @ in email addresses died, earning an interesting obit in The New York Times on Tuesday that included a great history on early email and a description some of the design honors awarded the inventor of early email.


LatAm Gaze

  • Brazilian protestors took to the streets once more to protest against President Dilma Rousseff. The protests come on the heels of last week’s news announcing that former president Luiz Inácio da Silva (Lula) was implicated in the “Carwash” probe related to Petrobras.
  • Norway’s $830 billion sovereign oil fund liquidated its position in Brazilian financial conglomerate BTG Pactual.
  • The Argentine peso this week fell to $15.30, its lowest exchange rate in three weeks on expectations that the Central Bank will inject U$7 billion into the monetary system in the near future. 

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