Cheating the audience: global finance and global media

On Saturday Bloomberg announced two news regarding cheating in the financial area. Nothing to be surprised by: hackers have got access to unpublished data from Dow Jones & Co. server and 20 entry-level staffers from Goldman Sachs have been trying to oversmart their trainers on tests. And yet the case of Russian hackers selling keys for profitable investment on Wall Street enlightens traders’ anxiety about losses and their greed for “proper” tips. An offer comes after a call. Great tips are in great demand on global markets. How to recognize a great tip before another guy takes advantage? A great tip comes from a reliable source.
Who provides tips and clues? An analyst does. Analysts of the top consulting companies gained trust of the business community after years of successful forecasts and money management for respectable clients. Goldman Sachs, founded in 1869, represents the elite of the finance world. The tests in question include simple tasks for newcomers. Jocund clerks-to-be have been chatting and prompting, passing a training test, the same way they always behave during tests elsewhere. Nobody had expected a storm. So why did it come? The dismissal of the cheating band sends a message to young generation: “Cheating is ruining your career!” The business community understands the message as cheating is “completely inconsistent with the values they foster at the firm”. Sounds wonderful, like terminating cheating forever. So keep calm, tips from Goldman Sachs are golden hints. But who knows?
Thus, the company would represent a potential target for Russian hackers hunting for special clues, after they have been caught on the Dow Jones’ server. Traders will pay for the information from Goldman Sachs. Goldman Sachs is above suspicion.
So this way it works in the markets. A company must protect and enhance its reputation for professionals. The mission completed, we closed the consideration about the hottest news in the financial world. Let’s turn to the current events in Israel. This week The Wall Street Journal has published a report “Israel police killed Palestinian teenagers”; Associated Press blamed Israel in escalating violence; a reporter from MSNBC pointed on an “innocent” guy, who has been shot dead by a policeman in Jerusalem. Words were spread all over the globe. How do the words correspond to the facts they pretend to describe? The public got access to the context of the event in Israel media. One of the killed teenagers Ahmed Manasra  (clean, bandaged and alive) showed up at Hadassah. Thanks to the Fox News broadcast, the audience received evidences that the “innocent” guy has been armed with a knife and has been ready to attack a policeman. Worldwide media continues to manipulate with information in behalf of the “Miserables”. Nine times out of ten Israel is represented as aggressor or an “overreacted” participant of the conflict.
This is a typical case of cheating, right? This cheating differs from careless prompting a correct answer to a teammate, right? A target audience of the manipulation is naïve people, not professionals. However, nobody was fired. Nobody is anxious to save and enhance the reputation of the medias?
It is a common place to consider markets as a battle of sharks, the battle with no mercy and even no rules. Just one rule works: a dirty offer comes after a strong call. What kind of power rules the media while reporting news from Israel? And why the demand for manipulating the news is so strong? And if the answer is obvious, why the power is still reliable?  Everybody knows, who gives the call, but why there is always someone with an offer? Cheating will not ruin a reporter's career in the media, if the reporter deals with news from Israel.