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Reuters Runs Lame Occupy Wall Street/Soros Speculative Hit Piece

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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 02:28 PM
Original message
Reuters Runs Lame Occupy Wall Street/Soros Speculative Hit Piece
Edited on Thu Oct-13-11 02:39 PM by Hissyspit
Really lame right-wing-type hit piece. Not used to seeing this from them.

http://www.reuters.com/article/2011/10/13/us-wallstreet-protests-origins-idUSTRE79C1YN20111013

Who's behind the Wall St. protests?

By Mark Egan and Michelle Nichols
NEW YORK | Thu Oct 13, 2011 11:09am EDT
(Reuters) - Anti-Wall Street protesters say the rich are getting richer while average Americans suffer, but the group that started it all may have benefited indirectly from the largesse of one of the world's richest men.

There has been much speculation over who is financing the disparate protest, which has spread to cities across America and lasted nearly four weeks. One name that keeps coming up is investor George Soros, who in September debuted in the top 10 list of wealthiest Americans. Conservative critics contend the movement is a Trojan horse for a secret Soros agenda.

Soros and the protesters deny any connection. But Reuters did find indirect financial links between Soros and Adbusters, an anti-capitalist group in Canada which started the protests with an inventive marketing campaign aimed at sparking an Arab Spring type uprising against Wall Street. Moreover, Soros and the protesters share some ideological ground.

"I can understand their sentiment," Soros told reporters last week at the United Nations about the Occupy Wall Street demonstrations, which are expected to spur solidarity marches globally on Saturday.

MORE CRAP AT LINK, INCLUDING QUOTING RUSH LIMBAUGH

From the comments section:

RiboKader wrote:
So let me recap: Soros’ Open Society gave $3.5 million in three years to The Tides Center; Tides gave $26,000 to Adbusters during the same period. Soros’ contribution is, like, what: 1%? 0.5%? of Tides’ total revenue? I.e., he stands for, let’s say $260 of the money Adbusters got from Tides during this period? And you are calling this “benefitting indirectly from (Soros’) largesse”? That’s Reuters journalism? Shame on you.

Oct 13, 2011 7:46am EDT

http://nymag.com/daily/intel/2011/10/why_is_reuters_trying_to_link.html

Why Is Reuters Trying to Link George Soros to Occupy Wall Street?
10/13/11 at 1:07 PM 34Comments

Soros is puzzled, too.
Photo: Fabrice Coffrini/AFP/Getty Images
The wire service and aspiring "best journalism organization in the world" ran an odd story this morning, insinuating that billionaire financier George Soros is secretly funding the Occupy Wall Street protests. The evidence, unlike the innuendo, is awfully thin.

- snip -

The indirect financial link is as follows: Soros funds the organization Open Society, which between 2007 and 2009 gave $3.5 million to a group called the Tides Center, a clearinghouse for liberal donors that distributes grants of more than $100 million each year. The Tides Center gave $185,000 between 2001 and 2010 to Adbusters — the Vancouver-based anti-consumerist organization that helped conceive of Occupy Wall Street — and $26,000 of that came between 2007 and 2009.

So, to sum up, years before the Occupy Wall Street protests were even a gleam in anyone's eye, a trickle of Soros's money went to one of the groups involved. Compared to the Koch brothers and their well-documented financial ties to the tea party, it is very nearly a rounding error.

This story might not be out of place on Fox News, but at Reuters, which has always taken pains to stay above the partisan fray, it smells suspiciously like Drudge bait. (Sure enough, The Drudge Report ran a link to the item, with the headline: "WIRE: Who's behind 'Occupy'?") For a company that "aims to report the facts, not rumours," an attempt to tie Occupy Wall Street to conservatives' favorite billionaire boogeyman feels poorly thought-out, at best.
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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 02:32 PM
Response to Original message
1. Soros wouldn't fund an anarchist group
or a socialist group. Not his thing, ya know.
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Hosnon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 02:32 PM
Response to Original message
2. Predictable. We - after all - accuse the Tea Party/Koch brothers of the same thing.
Difference is, we're right.
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 02:37 PM
Response to Reply #2
3. Yes, it's an appropriation propaganda slander, but
surprised to see it at Reuters.

Here's media analyst Prof. Jay Rosen's reaction on Twitter:

@jayrosen_nyu
Jay Rosen
You know that scene in All the President's Men where Ben Bradlee tosses a thin story back and says, "get some harder information next time?"
13 minutes ago via web

@jayrosen_nyu
Jay Rosen
I don't see everything they run. But I do respect their operation. And I've never seen anything that lame from Reuters. mrand.us/CA0o
23 minutes ago via web

@jayrosen_nyu
Jay Rosen
Seriously, Reuters? This is pathetic: jr.ly/7fin And people know it's pathetic: nymag.com/daily/intel/20…
39 minutes ago via web
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 04:15 PM
Response to Original message
4. Reuters Blogger Responds:
ttp://blogs.reuters.com/felix-salmon/2011/10/13/on-george-soros-occupy-wall-street-and-reuters/?utm_source=dlvr.it&utm_medium=twitter&dlvrit=60132

Reuters cannot — must not — get a reputation as a right-wing media outlet. We have to report the news as impartially as we can. In this case, there was no story, and nothing to report. Inventing a tenuous and intellectually-dishonest link between Soros and OWS might get us traffic from Matt Drudge — but that’s traffic which, frankly, we don’t particularly value or care for. Much more importantly, it serves to undermine the heart of what Reuters stands for. And we can never afford to do that.
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 08:26 PM
Response to Original message
5. Jay Rosen writes about it:
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-13-11 08:27 PM
Response to Reply #5
6. New York Observer notes confusion over Reuters back-and-forth editing:
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Hissyspit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 01:48 AM
Response to Original message
7. Reuters backs off:
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Amonester Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-14-11 01:57 AM
Response to Reply #7
8. KICK
Better late than never.
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