The reason AP distorted the facts about teacher retirement plans as much as they did is because of audience share, which determines how much a media source [TV, newspapers, hate talk shows, magazines, Blogs, etc] may charge to advertisers, and balancing the news and telling the truth often does not achieve this goal, because profits are the foundation of the private sector media.
It’s a simple formula: if you don’t make a profit you go out of business and everyone working for you loses his or her job so almost everyone plays the same Yellow/Hate Journalism game, and then there is the politics of money.
To understand why Thompson wrote such a misleading news piece, it helps to understand the trend away from private-sector pensions that were once similar to current public sector-pensions and the answers are in the numbers.
Due to the politics of money…
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