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A comment on Corporation for Public Broadcasting ceasing operations. Parent comment

Re:Corporation for Public Broadcasting ceasing operations by duderific on Friday August 01, 2025 @07:32PM (#44763558)
Next up in the timeline - when a bad jobs report lands, the person reporting the unwanted data gets fired [0]. Undoubtedly a toadie will be put in their place who will report numbers that make fearless leader look better.

We are now well on our way to George Orwell's 1984 dystopia.

[0] https://www.cnn.com/2025/08/01/business/trump-job-report-num...

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Re:Corporation for Public Broadcasting ceasing operations by gonzopancho on Saturday August 02, 2025 @04:49AM (#44765845)
And how will not having semi-reliable data affect Wall St?
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Re:Corporation for Public Broadcasting ceasing operations by kjellsbells on Saturday August 02, 2025 @08:35AM (#44767090)
Honestly no one knows but two scenarios could play out:

1. The economy goes bad quickly as actoes realize they cant rely on data to make rational economic decisions.

2. Certain actors pay some quasi-governmental organization (say, "Friends of Mar-a-Lago Book Club") to get access to more accurate data, on the agreement that they make the stock market go brrrr, and they continue to make money.

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Re:Corporation for Public Broadcasting ceasing operations by pstuart on Saturday August 02, 2025 @04:46PM (#44771301)
Wasn't a significant contributor to the 2008 crash the fact that the ratings agencies were cooking the data?

Obviously different data and utilization, but as economic models require accurate data to forecast accurately, it could be a cascading effect.

https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the...

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