Following on July 30's ""Bank of America Memo, Revealed: “We Hope” Conditions for American Workers Will Get Worse"" where our additions focused on wage-price spirals rather than evil, we hear that other folks who saw the Intercept piece did the reverse.
Here is FT Alphaville's Alexandra Scaggs setting the record straight:
The Intercept’s Ken Klippenstein has done some sharp reporting on national security, along with many other documents that weren’t meant to reach the public.
So we regret that we need to publish this take.
But it seems like it would be useful to clarify that there is no real scandal in the so-called private memo from Bank of America published last Friday by the Pierre Omidyar-backed outlet. First, the memo was actually a research note, and those notes are distributed to thousands of clients.
To be fair, we can see the appeal of the story idea. Sell-side research has long reminded us of the conflicts between investors’ priorities and the wellbeing of workers, even if those reminders are unintended. Investors may find political gridlock to be helpful, for example, and cures for chronic diseases to be unprofitable....
....MUCH MORE
"Revealed: Why Gordon Brown sold Britain's gold at a knock-down price"
Secrets of the Mayan Calendar Revealed:
...That headline, "Revealed" reminded me of my two post fling with scandal headlines last year:
Darkest secrets, EXPOSED!
“Do you have a moment for the environment, sir?”
“No,” I barked as I evaded her, “I don’t!”...
