Tuesday, January 11, 2005

Taking After Armstrong Williams, and Lou Dobbs

Courtesy of Glenn Reynolds, here's a story about a CBS Marketwatch columnist using his newsletter to promote stocks he owned. But hold your horses. First of all, the guy wasn't pushing his stocks using Marketwatch air-time (it was only in his private newsletter). Second, this kind of practice clearly isn't just a CBS thing (you could say this guy was just taking after Armstrong Williams), and third, some of the alternatives (saying one thing on the air and another in a private newsletter) is morally funky, too. Like where does CNN's Lou Dobbs REALLY stand on outsourcing?