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Baldur Bjarnason
@baldur@toot.cafe  ·  activity timestamp 6 days ago

After spending quite a bit of the past couple of weeks chatting with friends and family, asking them what they're taking from the news, I think it's clear most of our news media is substantially downplaying the economic effects of the Hormuz straight crisis

What I can't figure out is whether it's intentional or not. I know it's unintentional in Icelandic media as they simply no longer have the resources or expertise to properly outline what's happening, but I can't figure out UK or US media

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Sherri W (SyntaxSeed)
@syntaxseed@phpc.social replied  ·  activity timestamp 6 days ago

@baldur I think our media & leadership absolutely struggle to even detect nevermind report on economic struggles that aren't the stock market.

When the S&P500 looks like THIS, everyone in power & media think we're all doing fine now.

#finance #politics #USPol #economics #news

Graph of the S&P 500 index for current year to date. The drop from the war has more than recovered.
Graph of the S&P 500 index for current year to date. The drop from the war has more than recovered.
Graph of the S&P 500 index for current year to date. The drop from the war has more than recovered.
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Peter
@peter_sc@chaos.social replied  ·  activity timestamp 6 days ago

@baldur Well, does your government plan on ending renewable subsidies and building out *more* fossil fuel infrastructure? With the media *not* pointing out the sheer insanity of such a course? Because that's where we're at here in good ol' Germany. 😬🫠

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Baldur Bjarnason
@baldur@toot.cafe replied  ·  activity timestamp 6 days ago

@peter_sc Yikes

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Elric
@elricofmelnibone@mastodon.social replied  ·  activity timestamp 6 days ago

@baldur For what it's worth: same story in Belgium.

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SeanBurlington 🌈 🕊️
@sean@mastodon.me.uk replied  ·  activity timestamp 6 days ago

@baldur if you read the guardian and scroll down far enough there is this

https://www.theguardian.com/commentisfree/2026/apr/28/britain-war-cyber-attacks-disinformation-surveillance-blockades

But mostly they are following the script from Don't Look Up

https://www.netflix.com/title/81252357

Watch Don't Look Up | Netflix Official Site

Two astronomers go on a media tour to warn humankind of a planet-killing comet hurtling toward Earth. The response from a distracted world: Meh.
the Guardian

It’s time MPs levelled with us: Britain is already at war, and we’ll need to do two things to survive it | Gaby Hinsliff

Cyber-attacks, disinformation and blockading of supplies. This is what living in a war zone can look like now, says Guardian columnist Gaby Hinsliff
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Ólafur Jens Sigurðsson
@ojs@c.im replied  ·  activity timestamp 6 days ago

@baldur here in Denmark the media is not downplaying the effect I would say. We get news about higher prices once in a while and usually the Hormuz fiasco gets mentioned. We're not bombarded by this though.

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Wartezimmer
@Kaesekuchen@social.anoxinon.de replied  ·  activity timestamp 6 days ago

@baldur I assume it is intentional. People can nothing do about it, the effect will come sooner or later. On an individual level it would make sense to stock pile necessities NOW and in bulk.

But if this would commonly spread news thing would get even worse. Slowly and ignorantly approaching the effects is the better way for the people.

On a side note: News are only good if they result in a choice and an action. Most news is entertainment.

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Baldur Bjarnason
@baldur@toot.cafe replied  ·  activity timestamp 6 days ago

There are maybe five reporters in Iceland who could do a good job of covering this and most of them aren't working at the moment because of burnout

UK/US media should, in theory, have access to the expertise but we aren't seeing much actual analysis outside of specialised outlets, industry-specific newsletters, and freelancers.

The non-captured media should be very much able to go deep on this, but none of them seem to be doing so and I'm not sure why. Are the just so degraded by cutbacks?

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PhDog
@dogfox@kpop.social replied  ·  activity timestamp 6 days ago

I can't think of any non-captured media in the US with the resources/expertise to cover this.

I think the only sensible breakdown I have seen was done by Patrick Boyle on YouTube.

@baldur

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