Thursday, August 24, 2006

Poor Pluto

It's no longer a planet.

Wednesday, August 23, 2006

Monday, August 21, 2006

The robots are taking over

The Financial Times reports that computers are generating breaking earnings stories for Thompson Financial and Reuters. My gut reaction, of course, is one of pure terror.

But on second thought, I don't know a single reporter who enjoys pounding out these boilerplate pieces. During my first year at IBD, the most mind-numbing part of the job was the quick-turnaround earnings shorts. In fact, my colleague and I used to refer to ourselves as highly trained monkeys every time earnings season rolled around. With standardized earnings reports, there's no reason why this "who" and "what" and "where" aspect to journalism shouldn't be at least partly automated. Reporters' time would be much better spent digging into the financials and asking the all-important "why" and "how" -- much harder questions.