[frob]

The New York Post is not a serious newspaper; it is a sensationalist tabloid. Sometimes the NYPost will report on real news, but I believe absolutely nothing they report until it is verified by the New York Times, Washington Post, LA Times, or other major broadcast outlet with actual journalistic standards.

[shripadk]

> New York Times, Washington Post, LA Times, or other major broadcast outlet with actual journalistic standards.

"Actual journalistic standards" yeah right! They literally carried out a fake news story about Nick Sandmann without any sort of verification. CNN settled 250 million $ lawsuit followed by Washington Post. Other publications are in the line next. They have zero credibility... especially after causing irreparable damage to a child's reputation by labelling him a racist when he was anything but. The real racists at the rally were those who accused this kid of racism. For full video of the actual altercation you can watch here: https://www.youtube.com/watch?v=QwNyOD8FIQk and decide for yourself.

Demonstration 1 of so called "Journalistic Standard": https://www.nytimes.com/2020/07/24/business/media/washington...

and

Demonstration 2 of so called "Journalistic Standard": https://thepostmillennial.com/breaking-new-york-times-rollin...

[pnw_hazor]

Not too mention The 1619 Project.

[shripadk]

Yep!

[nl]

They settled the lawsuits but there is no indication it was anything like $250M (more like $25K!). And notably none of the organisations was required to retract or apologize as part of the settlement.

[shripadk]

> (more like $25K!)

Source or I call bullshit on this one.

> And notably none of the organisations was required to retract or apologize as part of the settlement.

Because that is the settlement. To save themselves from embarrassment and having to admit they faked the entire thing. I give credit to Nick Sandmann for being the bigger man here and settling instead of taking it all the way and making sure these media houses get crippled.

Anyways, the point here is not the amount of money settled. The point is that they faked the news and labelled an innocent boy a racist. You still haven't given a reply on that. Not that you are required to, but that is what is the crux of the matter here, not the money.

[millstone]

Do not dismiss tabloid journalism. There's a long and happy history of Democrats being undone by lurid tabloids. Think Drudge Report breaking the (Bill) Clinton-Lewinsky scandal, or National Enquirer breaking the John Edwards affair, or NYPost breaking the Anthony Weiner sexting. This is tabloid journalism at its best.

The difference is those stories had supporting details, with the reporters attempting to follow up.

[JamesBarney]

His point is not that if a NYPosr posts it's untrue. He's saying that they also post a lot of untrue stuff.

[UncleMeat]

Bayesian reasoning. What is the prior probability that a story that only appears in the New York Post is correct? Nonzero, but low.

[trident1000]

None of them are serious. NY Times made a big deal out of trumps taxes when everyone knows depreciation offsets revenue in real estate, its 101 stuff. You get taxed when you sell the asset which happens infrequently but in large magnitude. Most people in the industry were laughing at the gaslighting they did on that story but they fooled their little pawn readers. Just one example out of many. Every news source is full of shit even the ones that are supposed to be reputable.

[zpeti]

I feel sorry for you for getting downvoted, anyone with a basic understanding of accounting and tax should know this. Also the issue picked on in later comments, yes you absolutely can report different valuations to different entities, in the US, UK, and probably everywhere else too.

Tax accounting is completely different to accounting you show to a bank for a loan. This is normal because they are used for different things, and are accounting for different things. For example - the tax rate and taxes paid have a real impact on cashflows which would impact your eligibility for a loan. In tax returns taxes paid are not included in profit and loss, because that would lower the tax paid by businesses.

So yes, NYT was absolutely gaslighting.

[MisterBastahrd]

Reporting one set of finances to the government and another to banks is a crime.

[trboyden]

No it is not. Inventory, for example, can have two basis values, taxable inventory, and fixed asset inventory value. One is what the IRS requires via GAAP reporting, and the other is used to secure lines of credit.

[aksss]

Yeah, that’s not true, though you may wish it were. Many industries operate essentially three sets of books - one for the IRS, one for regulators, and one for the street. The requirements for valuation and burdening can be different based on audience. I don’t know whether it applies in trumps case but the headlines and righteous talking points got pretty silly. “Trump offset gains by losses” - yep. Meanwhile let’s talk about how many of these senators (particularly some of the most self-righteous) after decades of only federal employment have somehow become multimillionaires.

[trident1000]

We have no information on this except what the NYT's reports in half truth. For instance if there was a time gap between reporting that could cause a mismatch as finances change over time. You can also have retroactive amendments as almost every major company has which are reported in different years. I havent dug deep into this as its not an important topic for me but I just wouldnt take the around the edges reporting at face value from a source as biased as the times.

[microtherion]

One way to get a more complete picture of the tax situations would be for Trump to release his tax returns, as he had promised repeatedly in 2016, and as every other president since Nixon has done.

[trident1000]

This story is exactly why he hasnt released his taxes

[whateveracct]

You realize the real story re: Trump's asset depreciation is that he reported one valuation to the govt and one to his banks when seeking loans, right?

[skinkestek]

I do the same:

In my tax report I think my house is valued at 400 000 NOK.

When I talk to the bank it will probably be worth 4 200 000 NOK.

Tax authorities here know as banks update them every year.

Also in accounting it is common. I remember asking my teacher about it when we had basic accounting and it is simple: if you depreciate (?) an item to less than it is worth you just have to report a profit when you sell a "worthless" asset. (I'm not an accountant and English is not my first language but I think it should be possible to understand.)

[whateveracct]

I am fairly sure that is tax fraud lol. I don't think I could take out a loan on a property by giving one valuation and in the same year give a vastly different one for my taxes.

[skinkestek]

No, it is even the tax office who came up with the much lower number in my case.

It is like this for everyone!

Same with depreciation rules, when I learned the rules here my teacher was actually working with the tax authorities.

Depreciation in accounting is a technicality. And if you happen to sell a thing that is technically worth 0 in the books that just becomes an extra inflow of money to the company, which is taxable and so the tax authorities get their money.

Unless you have learned accounting, be careful :-)

[trident1000]

The story headline that was coordinated and gaslight was "trump didnt pay any tax". Everything else was anecdotal, I didnt look into this specific matter because I was rolling my eyes from the start. If they cant be honest about the main story I'm not following them for the rest of the allegations.

[eric_cc]

Oh man you are seriously foolish. NYT, WaPo, LA Times are all far left propaganda machines.

[SpicyLemonZest]

Agreed, and I don't mean to imply any sort of endorsement of the NY Post.

[Wolfenstein98k]

The three outlets you cited lean left and regularly avoid articles inconvenient to the left (and paint much of the remainder as "Republicans pounce on reports that..."). Consider balancing with centre-right outlets like National Review.

[freebasenic]

Centre-right, National Review.... You made me spit out my tea when I read that. I'd ask you to go to the op-ed section, and tell me it's even close to "centre-right" and not fully right.

[Wolfenstein98k]

NYT's op-ed section is quite left-wing too.

They lost an editor for posting a mainstream opinion by an elected Republican... Note that they then shared the same sentiment about supporting police cracking down on protests in Hong Kong and received no internal pushback whatsoever.

The op-ed section isn't the news section. NYT is centre-left, NR is centre-right.

Anyway it won't hurt you to read things from the other perspective. The truth is often "in the middle" or only something you can triangulate after reading both sides.

[freebasenic]

If you look at the NYT op-ed section, there are right wingers on there too, see Ross Douthat, et. al, as well as plenty of centrists, and lefties. National Review does not have the same diversity, and only features prominent right wingers.

Maybe I'm getting too bogged down in the op-ed section, like you say; but, it does make you think about the effect an op-ed section has on the news content as well.