Here's what the news story says: PORT-AU-PRINCE, Haiti (AP) - Hurricane Gustav grew rapidly as it closed in on impoverished Haiti on Tuesday, and sent global oil prices soaring on fears it could become "extremely dangerous" in the Gulf of Mexico.
Here's what the news story means: PORT-AU-PRINCE, Haiti (AP) - Hurricane Gustav grew rapidly as it closed in on impoverished Haiti on Tuesday, and sent global oil prices soaring on [the chance that] it could become "extremely dangerous" in the Gulf of Mexico.
Not "fears". On "expectations", or "speculations", or even "hopes" for sure, but certainly not because of fear.
Economics 101, way over the head of Journalism 101.
Tuesday, August 26, 2008
Getting It Completely Wrong - As Usual
Posted by Ted at 11:16 AM
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