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Why is this reported from “Hong Kong (CNN)” and not Tokyo? Does it mean CNN has a local branch in Hong Kong, but not in Tokyo?
by GrumpySloth 2y ago
Why is this reported from “Hong Kong (CNN)” and not Tokyo? Does it mean CNN has a local branch in Hong Kong, but not in Tokyo?
- infecto 2y agoProbably. Historically HK was the financial hub of this region and would probably make sense to have a central office here as opposed to Tokyo.
- GrumpySloth 2y agoI’ve just checked and Wikipedia claims they have a branch in Tokyo. Maybe I don’t understand what those headers in newspapers mean then.
- tokai 2y agoIts not that deep. Laura He writes about Asian markets and business. Laura He lives in Hong Kong. No reason to get someone living in Tokyo to write the article if Laura He has the expertise, just to get some location header "correct".
- infecto 2y agoIts simpler than that, "Hong Kong, China (Asia Pacific regional headquarters)" is what the wikipedia page lists for CNN.
- tokai 2y agoWhats your point? That doesn't add or simplify anything. The point is that there is nothing weird in an article about japans economy is published from Hong Kong.
- deleted 2y ago[deleted]
- actuallyalys 2y agoYes, this is the correct explanation. Datelines are generally based on the writer’s location. I don’t know for sure that’s CNN policy, but it’s AP policy, which is widely followed.
- infecto 2y agoI don't know why I am chasing this one because it ultimately does not really matter to either of us but I wanted to. In Japan it looks like they have CNNj which afaik is the japanese translated version of CNN. In Hong Kong I suspect they have an actual office for editorial staff, especially someone that works on the business/finance side of reporting. It would probably not be very interesting to have a business correspondent stationed in Japan from a CNN perspective.
- neves 2y agoCNN franchises around the would are something completely different. If you thing CNN is bad, it is because you because you never watched its franchises. The one from Brazil is a far right news outlet that disseminates fake news.
- deleted 2y ago[deleted]
- CPLX 2y agoThe story was written by a human. The dateline at the top of a news story clarifies where that human actually is. It was probably more impressive and relevant in 1930 but the convention remains for the most part unchanged.
- dagoodnews 2y ago> Historically HK was the financial hub of this region Japan was once the 2nd largest economy in the world. It had an economy bigger than china and south east asia combined. Historically, Japan was its own financial hub. Not to mention Japan developed before hong kong did. Also, Japan isn't geographically near hong kong.
- infecto 2y agoOk, "most recent history". Japan just went through the 3 decades of lost growth.
- detourdog 2y agoI'm really interested to watch this play out. Since I was a teen Japan went from taking over the USA. The watermark might have been when Japanese banks bought Rockefeller Plaza. They just spent a whole generation at zero interest. This is really exciting to see the effects of the cost of borrowing. I see this as very different than what the US just went through. I want to see what happens to growth. I have been thinking that the US managed to turn the COVID disruption into a soft landing.
- seanmcdirmid 2y agoI believe Japan went zero/negative interest after their real estate bubble spectacularly imploded, not before (we are seeing history repeat in China, but much worse). But Japanese lending has always been supported by personal postal savings at low interest rates.
- detourdog 2y agoWhat is postal savings.
- seanmcdirmid 2y agohttps://en.wikipedia.org/wiki/Japan_Post_Bank https://en.wikipedia.org/wiki/Japan_Post_Bank
- detourdog 2y agoI thought those were pretty normal. I didn't think it would have a specific effect in Japan.
- seanmcdirmid 2y agoThat a huge amount of the country's savings was locked up in state managed postal savings accounts is not normal to most countries, which is why the history section of the wikipedia article is interesting reading. From the article: > The importance of the Japanese postal banking system lies not just in providing a savings vehicle and financial services to the people of Japan, but also in the use of the saved funds to promote economic development throughout modern Japan's history. ... > To promote savings which could be invested into rebuilding the economy, Japanese officials issued relentless statements advocating for austerity and instituted measures to restore confidence in the financial system.[10][4] From the 1950s, postal savings experienced steady growth and increased its market share relative to private banks, thanks to the huge availability of postal offices, attractive financial products offering good returns and preferential tax treatment on deposits from the government.[11][4]
- okasaki 2y agoIt's written by Laura He, and if you click through to her bio it says she's based in Hong Kong.
- deleted 2y ago[deleted]
- alephnerd 2y agoTo add on to the commentators below, Foreign Bureaus are increasingly shutting down and being replaced with freelancers [0] A lot of the degradation in "MSM" appears to be due to the severe cost cutting occurring within News Organizations, leading to more sensationalism, less hard reporting, and way less editing and fact checking. And this is happening in the UK (BBC layoffs, Guardian almost exclusively using freelancers), Canada (CBC layoffs, BCE layoffs), and much of Western Europe as well. The era of Amanpour reporting in the middle of a warzone are long gone, and non-Western alternatives are government owned and share similar biases (eg. Al Jazeera and anything remotely related to Qatar's mortal archrivals Saudi or UAE, CGTN and China's world view, WION and Indian media's tendency to overexaggerate, etc). [0] - https://www.american.edu/soc/news/with-foreign-bureaus-slashed-freelancers-are-filling-the-void-at-their-own-risk.cfm https://www.american.edu/soc/news/with-foreign-bureaus-slash...
- selimthegrim 2y agoWION isn't S Korean?