Breitbart co-founder Steve Bannon spoke to students and faculty about journalism ethics at the Walter Cronkite School of Journalism’s Must See Monday event earlier this week.
The highly-regarded executive also announced that Breitbart just hired a new executive editor. Bannon would not reveal a photo of the editor but said the man went by the pen name of Ronald Lump.
“Ethics are a big deal. You don’t want to be fake news like PBS. You don’t want to be wrong,” Bannon said, emphasizing the word “wrong.”
Bannon told students it was important to be fair and accurate in reporting, at least when others are paying attention.
“During this election season, other papers did not adhere to journalism ethics like we did,” Bannon said. “It’s always important to report with an unbiased perspective and to make sure you get all the facts for both sides of the story.”
Many students left the Must See Monday with a new perspective on journalism ethics. Senior Eileen Wright said she now agrees with everything Bannon said about verifying information before reporting it detailed in the Breitbart Code of Ethics.
“Once I tried to Google ‘Breitbart ethics’ and got an error 401 page,” Wright said, “So the reason I came to the Must See Monday was to get the answers I’ve been looking for.”
Incoming freshman India Pendent said she agrees. “Breitbart has really interesting ethics,” she said. “I never knew fact-checking was an optional concept.”
Also attending Must See Monday was surprise guest and new White House Press Correspondent Sean Spicy. Students asked Spicy various ethics-related questions during the Q&A portion of the presentation, but Spicy refused to comment.
Still, Spicy was optimistic. “It’s going to be great,” he said. “I can’t wait for students to win a Pulitzer by following the Breitbart Code of Ethics.”
At the end of the night, Bannon announced he would be taking a position as an ethics professor at the Cronkite School.
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The crypto industry is advancing. (Just don’t ask it where it’s going.)
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After a dramatic start to the year, the crypto industry is settling into a new reality — one in which the White House is laying out the red carpet and promising an unprecedented level of support.
Crypto, a roughly 15-year-old industry that’s largely operated on the fringes of finance, is at a crossroads. For years, it has blamed a hostile regulatory environment for not allowing it to unleash its supposedly revolutionary technology on Americans. Now, though, their favorite bogeyman, Gary Gensler, the Securities and Exchange Commission chief under President Joe Biden, is gone. Crypto cheerleaders have been installed throughout the government.
The SEC has dropped several enforcement cases against crypto companies and, starting Friday, is hosting a series of public roundtables “to discuss key areas of interest in the regulation of crypto assets.”
Under President Donald Trump, there’s virtually nothing stopping crypto companies from creating and selling their products.
At the same time, the same White House’s chaotic trade policy is undermining financial markets’ appetite for risk, leaving bitcoin in limbo, more than 20% off from its record high in January. And while the industry is grateful for all the attention, the White House’s embrace of some of crypto’s less savory aspects, like meme coins, has given serious investors pause.
Given the enormous potential for the $3 trillion industry in this moment, I checked in with Eswar Prasad, a Cornell University professor of international trade and the author of the 2021 book “The Future of Money,” about the forces disrupting financial technologies.
Fundamentally, Prasad brings a pragmatist’s view of crypto that is as refreshing as it is rare in a subject area that tends to attract zealots and loudmouths. We spoke over the phone shortly after the first-of-its-kind White House crypto summit earlier this month.
The following interview has been edited for length and clarity.
Nightcap: We just saw a pretty wild thing happen with the crypto summit — hard to imagine a scenario like that taking place under any previous administration. What were your takeaways?
Eswar Prasad: The crypto industry is kissing the ring, and I think it’s getting exactly what it wants from the Trump administration, which is the legitimacy provided by government oversight, coupled with what is almost certain to be quite light touch and non-inclusive regulation.
And I think we saw many of the major players in the crypto industry essentially using the opportunity to not just thank Trump, but try to make the point, which seemed to resonate with Trump, that this industry can power, in some sense, a resurgence of a certain part of the US economy.
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