Time to Tune in – as in READ past the headline

I hope you enjoy this as much as I did and share this viewpoint; 

Time to Tune in…

With the importance of economic news, especially now, this is the right time to tackle the dualistic message of the news. By that, I mean that there may be two messages that can be legitimately derived from a news report.

The Truth is There, if You Look for it

There are several factors for investors not being prepared for events that impact their money, and the article I read had those factors in it.  Using this article, we will walk through the process of reading the news — being on the lookout for the flaws that exist in the reporting of the news, and the presentation of conclusions that often lead to the building of a false sense of security/doom in the general public. 

“More Americans Expected to Travel for Thanksgiving,”  (Associated Prees via Yahoo)

 This article starts on a positive note right from the headline. Things are looking up! 

First and foremost is that many readers, investors included, don’t go any further than reading the headline. Some say that they don’t have enough time to read the full article and just want a synopsis. The problem is that the story itself may not be as positive as the headline suggests. 

The article can have a positive lean due to purposeful want, or just simple mis-evaluation of the facts. Either way, a title can be very, very misleading, and the investor needs to know that they are doing themselves a great injustice by not reading the full article.

The next problem was mentioned earlier, which is that the conclusion brought forth by the writer may not be correct. Again, let us look at this story.  The article states that there will be an increase in the amount of people traveling by car. It is a 2.1% increase over last year.  Notice how this “positive” information is mentioned first in this article.  

Then, the article states that AAA says that the 2.1% increase shows an improvement in consumer confidence … another positive sign, right? 

Maybe not!  Also in the article is a very important bit of information that leads me to believe that this article is not the correct read on the information provided.  It says that, this year, there will also be a 6.7% decrease in people traveling by air — continuing a decade-long decrease in Thanksgiving air travel.  To me, this is not only negative news in and of itself, but also sheds new light on the 2.1% car-traveler increase number.   What are the Facts Really Telling You? 

With a decrease of 6.7% in air travel, it is only logical that there would be an increase in the amount of people who will be traveling by car this Thanksgiving.  Keeping in mind that traveling by car costs much less than traveling by air, it seems to me that people are saying that they have much more time on their hands than money in their pockets!  Also, last year saw a 25% decrease in Thanksgiving travel; this year, air travel continued down by 6.7% and car travel was only up 2.1%.

The article claims, “The slight increase suggests the economy has slightly stabilized.” I am not sure that is a valid conclusion.  With people deciding against the more-time-convenient but also more-expensive flying for the less-expensive but much more-time-consuming driving, it seems that people are still worried over money.

As I read the facts here, I see something that appears to be different than the positive gist of the story the way it was written and presented.  I do NOT see a bullish, positive scenario for travel. I see a story that has a bearish connotation.  In the report, real people cited examples of looking for cheaper ways to get to family and friends while others decided to stay at home because of finances. They cited worry over cost as the reason for their travel plans (or lack thereof).

This story, unfortunately, is like many others in that it is dualistic. It is dualistic in that the indirect conclusions that are insinuated by the title of the article seem to be incorrect based upon the real information.  But this is not the only place we see duality … the headline and the full story. We also see it in the information presented and a conclusion presented based on the numbers given.  While improved consumer confidence was a positive cited based on the numbers given, those examples could have easily supported the negative position that people are still very concerned about their money.  

We need to recognize the problems that can exist with the headline and the interpretation of the data in news articles.   Investor, Reader Beware – Headlines can be misleading and facts may not support the writer’s positive or negative conclusion.  Always read the full article. Separate fact from opinion. Evaluate opinions based on the facts presented. Recognize author bias.

Ron Ianieri
Contributing Editor
The Tycoon Report


About Dr Bill Toth

Bill’s Background I’m just an average guy who’s learned a few things about Life, Success and Personal Development – thanks to some incredibly good and bad experiences during the past 25+ years. I’ve made many mistakes and have learned to combine down to earth values with a unique ability to distill complex concepts into simple powerful strategies which can be immediately applied to produce measurable results. In short; “I’ve traveled the territory, drawn a few maps and I’m happy to share them” I do not consider myself to be an “expert” and my work is never presented as the definitive doctrine on how you should live your life or what it takes to be successful in your business. I am a work in progress and if you were to you join me on life’s journey by hiring me as your coach or partnering with us in business – our learning will very likely be a two way street. In fact, I expect it to be. “What you know dies with you – what you DO leaves a legacy” I was raised in upstate New York and eastern Pennsylvania. This rural upbringing is strongly reflected in my personal value hierarchy: Faith > Family > Friends > Fitness and Finance. Education and a commitment to continuous improvement are next on the list. All these and more are strongly reflected in my coaching, teaching, writing and speaking. While growing my private practice I also taught Orthopedics and Neurology at both the undergraduate and graduate level, produced a TV show on fitness, appeared on numerous radio and TV programs, authored numerous journal articles, chapters for medical texts, served as vice-president of my state medical association, and started a family. I have had the honor and privilege of consulting with and coaching a diverse population of people from royalty to prisoners, from children to CEO’s, from amateur to professional athletes from 41 countries and people of almost every race, creed, religious belief and nationality. I am passionately committed to contribution and Living With Intention. Part of my philosophy is to think globally while acting locally. I am a very active member of my church, as well as several community organizations. After church, my favorite philanthropy is the Nourish the Children. I have also performed extensive volunteer work for both the Anthony Robbins Foundation, and the Make a Wish Foundation. Why become an Entrepreneur? I became an entrepreneur because after 5 years of Health Care Reform I found I was merely an employee of the various insurance company’s I was interacting with. I became painfully aware I was working more hours for less money and that what I was doing wasn’t working! At the same time my beautiful daughter, Casey, was born. This was the first time in my life I started to think about my future, and of course hers. When children come into your life, your perspective changes from Firebirds and Ferrari’s to Gymnastics, music lessons, horseback riding and so forth. Suddenly, I had to think longterm – was what I was doing going to provide all the things that a father wants for his children? In October of 1998 I started my entrepreneurial endeavors on a very part time basis. Less than 3 months later my New Year’s Resolution was to put my practices up for sale. In May of 1999 I sold them and began to work on my dreams and my fortune on a full time basis. From there, it took me a full five years to get to the point where I could do whatever I wanted to do. Along the way I wrote my first book: “Morning Moments”…as well as learning a few things about money, transitioning careers and happiness. I am happy to share what I know, in short again; “I’ve traveled the territory, drawn a few maps and I’m happy to share them” In summary; Transitioning careers was the hardest challenge I’ve ever taken up and it’s been the most rewarding! In so many ways, this is the very best personal development seminar I’ve ever taken because I met mySelf and my wife in the process…and every perceived adversity was worth it. Today, with my wife Julie, we “get to” pay the gift forward by coaching, mentoring others through the same process. There is no greater pleasure than showing others how to earn their freedom and then observing what good they do with it. Life Will Never Be The Same
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2 Responses to Time to Tune in – as in READ past the headline

  1. Bree Tanner says:

    lol a lot of of the responses individuals submit are a little out there, occasionally i think about whether they even read the writing and reports before writing or whether or not they simply just read the title of the post and publish the first thought that one thinks of. anyways, it really is good to browse through clever commentary occasionally compared to the same exact, old blog vomit that i usually discover on the net

  2. Shanda Mix says:

    Hello You certainly deserve a round of applause for your post and more specifically, your blog in general. Very high quality material. 😀

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