Crikey plumbs new lows in economic coverage today by making the case that the media is biased towards negativity in its coverage of the Australian dollar:
When it’s up, it’s undermining manufacturing, agriculture and tourism and driving away international students; when it’s down, it’s inflating the cost of petrol, travel and imports. The poor old Aussie dollar — today trading at 91.6 US cents — never seems to be popular. We take a look at what the media complain about when the A$ is strong, and what they’re complaining about now it’s dropping in value …
To prove its point, Crikey then hand-picks four negative stories about the dollar being high and four negative stories about it being low from major news outlets over the past three years.
I’m sure I don’t have to explain how absurd this cherry-picking is.
