Monday, June 06, 2011

Member of crooked family dynasty loses Peruvian election, markets there plunge

I stole the idea of the headline for this post from the headline on the Reuters story, Left-winger Humala wins Peru election, markets plunge 06/06/2011:

Left-wing former army commander Ollanta Humala won Peru's presidential election and vowed the poor will share in the country's new wealth but financial markets plummeted on fears that he will ruin the economy.

Humala claimed victory on Sunday night as results from 88.4 percent of ballot boxes gave him a narrow but growing lead of over 2.5 percentage points over right-wing lawmaker Keiko Fujimori, the daughter of jailed former President Alberto Fujimori.
I see major news organizations like CNN are indulging the same kind of self-destructive business thinking on digital video that has become so familiar. Not that blogs are the most important market driver. But YouTube videos embedded on blogs are a multiplier for their reporting and the audience and therefore their news brand. CNN has a YouTube channel but the embedding function doesn't work for blogs. CNN International blocks YouTube viewing in the US. Reuters has videos that can be embedded, but they don't make current news quickly available at their YouTube channel.

Aljazeera English, on the other hand, doesn't good professional reporting, streams their programming on their YouTube site and makes many videos on current news events quickly available for viewing. So here's their video on the Peruvian election:



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