Who’d a thunk it? Readers says it’s a toss-up when it comes to whether robo-journalists write better than human journalists

OK … we’ve all heard the phrase “fishwrap” applied derogatorily by critics assessing the quality of newspapers wherever they live from time to time.  Methinks some weeks that does a disservice to how my favourite pickerel from Paint Lake should be treated, but it isn’t just local newspapers that are problematically bad at times. Take the venerable Associated Press, affectionately known by working journos simply as the AP. They managed to move this alert last Wednesday: “BC-APNewsAlert/17. New York Yankees Hall of Fame catcher Yogi Bear has died. He was 90.” Actually, Yogi Bear, the beloved Hanna-Barbera cartoon character is only 57. He was created in 1958, making his début as a supporting character in The Huckleberry Hound Show, and was the first breakout character created by Hanna-Barbera and was eventually more popular than Huckleberry Hound.

Yogi Berra, the beloved baseball player, on the other hand, was created in 1924 and born in 1925. A native of St. Louis, Berra signed with the New York Yankees in 1943 before serving in the U.S. Navy in the Second World War. He made his major league début in 1946 and was a stalwart in the Yankees’ lineup during the team’s championship years in the 1940s and 1950s.

Berra was a power hitter and strong defensive catcher. He caught Yankees’ pitcher Don Larsen’s perfect game on Oct. 8, 1956, in Game 5 of the 1956 World Series against the Brooklyn Dodgers, the only perfect game in Major League Baseball (MLB) post-season history. After playing 18 seasons with the Yankees, Berra retired following the 1963 season. Berra was also famous for his string of truisms, tautologies and malapropisms, including “Nobody goes there any more; it’s too crowded,” along with, “It ain’t over til it’s over” or, “Anyone who is popular is bound to be disliked,” as well as, “Half the lies they tell about me aren’t true” and, “If you ask me anything I don’t know, I’m not going to answer.” My personal favourite, which I managed to inject into several columns, editorials or news stories over the years, was the well-known, “This is like déjà vu all over again,” which I had used again as recently as Aug. 24, less than a month before Yogi Berra died.

It was while I was pondering how a boo boo like the Yogi Bear/Yogi Berra obituary mix-up happens in journalism (I suspect the eagle-eyed Ranger John Francis Smith from Jellystone Park would have known the difference) that I came across the latest information on robo-journalism (not to be mixed up with Tory robo-calls during the 2011 federal election campaign, I should point out to my friends still remaining in Canadian journalism.) Turns out that unlike most human journalists, who are for the most part seriously mathematically challenged, robot journalists that already work for such illustrious newspapers as the New York Times and Los Angeles Times, as well as Forbes, the storied business magazine, have shown a natural aptitude for data, making them ideal for the sports and business desks, and as such are now about ready to branch out into breaking news and investigative journalism.

Neil Sharman (believed to be a human writer) and former head of research and insight at Telegraph Media Group on Buckingham Palace Road in London, writing Sept. 22 in TheMediaBriefing, also based in London, noted that robots, “Like junior reporters … can learn from and draw on a back catalogue of great writing – but with more powerful memories and analytical techniques.” You can read Sharman’s full piece here:  http://www.themediabriefing.com/article/robo-journalism-the-future-is-arriving-quickly

“Machines are adept at investigating data sets,” Sharman says. “Publishers have set them to tax records, homicide data, meteorological reports and more –looking for patterns and describing them. They’re thorough, not prone to error and they’re fast.

“The LA Times uses robo-journalism to break news about earthquakes because machines can analyse geological survey data faster than a human. It takes under five minutes to spot a story and get it online.”

Tim Adams, a staff writer for the “The Observer: The New Review” at London’s The Guardian newspaper, wrote a piece June 28 on Kris Hammond, a professor of journalism and computer science at Northwestern University and co-founder and chief scientist at Chicago-based Narrative Science, which developed a writing program for robots known as “Quill.” Hammond also founded the University of Chicago’s Artificial Intelligence Laboratory. He told Adams, “we are humanizing the machine and giving it the ability not only to look at data but, based on general ideas of what is important and a close understanding of who the audience is, we are giving it the tools to know how to tell us stories.”

Adams observes, “It’s not deathless prose – at least not yet; the machines are still ‘learning’ day by day how to write effectively – but it’s already good enough to replace the jobs once done by wire reporters. Narrative Science’s computers provide daily market reports for Forbes as well sports reports for the Big Ten sports network. Hammond predicts that 90 per cent of journalism will be written by computer by 2030. Automated Insights, one of Narrative Sciences competitors, based in Durham, North Carolina, does all the data-based stock reports for AP.

Adams also notes that “last year, a Swedish media professor, Christer Clerwall, conducted the first proper blind study into how sports reports written by computers and by humans compared. Readers taking part in the study suggested, on the whole, that the reports written by human sports journalists were slightly more accessible and enjoyable, but that those written by computer seemed a little more informative and trustworthy.”

Clerwall, an assistant professor in media and communication studies at Karlstad University in Karlstad, Sweden concluded that “perhaps the most interesting result in the study is that there are [almost] no… significant differences in how the two texts are perceived.”

In terms of narrative arcs, Hammond says, “Like any decent hack, the machine is coming to learn that there are only five or six compelling tales available: back from the brink, outrageous fortune, sudden catastrophe and so on.”

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China Syndrome stock market meltdown: ‘This is like déjà vu all over again’

“This is like déjà vu all over again,” said baseball legend Yogi Berra in his famous and oft-quoted malapropism.  We haven’t had that feeling here since … 2008.

Over the past two weeks, China’s currency,  known as the yuan or renminbi, fell in value more than it did in the previous two decades.  The Shanghai Composite Index tumbled 8.5 percent Monday – erasing the last of its gains for the year in its biggest single-day loss since 2007.  Within minutes after the opening bell, the Dow Jones plummeted 1,089 points, the largest point loss ever during a trading day, surpassing the trillion-dollar “Flash Crash” of May 6, 2010,  which started at 2:32 p.m. EDT and lasted for approximately 36 minutes, sending the Dow down 998.5 points, its biggest intra-day trading drop until Monday. The Dow closed down 588 points Aug. 24, the worst one-day for the Dow since August 2011.

Brent crude, the benchmark for oil prices worldwide, closed Monday at $42.80 a barrel, its lowest close since March 11, 2009. Oil prices tumbled more than five per cent Aug. 24, with U.S. light crude closing at $38.24 a barrel, its lowest close February 2009. Last week marked oil prices’ longest weekly losing streak since 1986.

So perhaps it is “déjà vu all over again,” as Yogi said. Or perhaps it is déjà vu with a China wildcard difference seven years after 2008.

The Great Recession began the night before my holidays began in 2008, although no one quite knew it yet that Sunday night. I was browsing the news headlines that evening on Sept. 14, 2008. But in fact, the dominoes were starting to tumble. The failures of massive financial institutions in the United States began, due primarily to exposure of securities of packaged subprime loans and credit default swaps issued to insure these loans and their issuers, rapidly devolving into a global economic crisis resulting in a number of bank failures in the United States and Europe and sharp reductions in the value of stocks and commodities worldwide.

The failure of banks in Iceland resulted in a devaluation of the Icelandic króna and threatened the government with bankruptcy. Iceland was able to secure an emergency loan from the International Monetary Fund in November. In the United States, 15 banks failed in 2008, while several others were rescued through government intervention or acquisitions by other banks. On Oct. 11, 2008, the head of the International Monetary Fund (IMF) warned that the world financial system was teetering on the “brink of systemic meltdown.”

Some phrases become indelibly inked in the public consciousness in association with a single idea or event.

Lehman Brothers are two such words.

Before declaring bankruptcy in 2008, Lehman Brothers, founded by Henry and Emanuel Lehman in 1850 in Montgomery, Alabama, was the fourth-largest investment bank in the Unites States, behind Goldman Sachs, Morgan Stanley and Merrill Lynch, doing business in investment banking, equity and fixed-income sales and trading, especially in U.S. Treasury securities, research, investment management, private equity and private banking.

At 1:45 a.m. on Sept. 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following a mass exodus of most of its clients, drastic losses in its stock, and devaluation of its assets by credit rating agencies. Lehman’s bankruptcy filing remains the largest in U.S. history

The name Lehman Brothers  would soon become shorthand for one thing – and one thing only: the collapse of the investment bank triggered the financial meltdown that resulted in the Great Recession, the most financially cataclysmic event since the decade of the Great Depression from 1929 to 1939.

In a spectacular stroke of good fortune, however, about 1,250 United Steelworkers Local 6166 workers in Thompson, Manitoba inked a new three-year collective agreement with Vale, the Brazilian mining giant, on Sept. 15, 2008 – the very day Lehman Brothers collapsed. The tentative deal had been reached three days earlier on Sept. 12. Workers voted 65.5 per cent in favour of the contract, which included wage increases in each year of the agreement consistent with their previous contract, and pension improvements.  Last night, six years later, the remaining 1,100 or so United Steelworkers Local 6166 members employed by Vale’s Manitoba Operations voted 79.8 per cent in favour of a accepting a new five-year collective bargaining agreement again reached three days earlier on Sept. 12.

The United States economy, the Business Cycle Dating Committee of the National Bureau of Economic Research, would later conclude, had actually been in recession since December 2007 – nine months before Lehman Brothers spectacular financial blowout, although there remained some economic outliers in North America, part of a shrinking circle that in the autumn of 2008 still included Manitoba and Saskatchewan, North Dakota and some of the high-plains Texas Panhandle. The anomaly of the good times rolling on in the fortunate outliers made the Great Recession almost everywhere else in the world seem surreal at first, although Vale did announce on Nov. 17, 2010  they planned to close the smelter and refinery in Thompson, Manitoba in 2015 – an announcement that came 17 months after the Great Recession, according to the Business Cycle Dating Committee of the National Bureau of Economic Research, ended in June 2009. Both the smelter and refinery are likely now to stay open until about 2019, having received several reprieves over the last five years. The December 2007 to June 2009 recession lasted 18 months, making it the longest recession since the Second World War.

For five very scary months, from early October 2008 through early March 2009, the world economy was in free fall. Terms such as deleveraging, subprime mortgage, London Interbank Offered Rate (LIBOR), derivatives, credit default swap and bailout became part of our everyday vocabulary.

Bloomberg L.P., one of the world’s leading English-language financial news services, based in New York City, ran a remarkable story in January 2009, totaling up single-day job losses worldwide. “At least 21,000 jobs were targeted for elimination yesterday as employers from Hertz Global Holdings Inc. to Advanced Micro Devices Inc. grappled with recession-choked demand,” was how the story opened. “More than 20 companies said they were cutting jobs, ranging from Amonil SA, Romania’s second-biggest fertilizer maker, to Fiat SpA’s Magneti Marelli auto-parts division. Hertz, the second-largest U.S. rental-car company, said it will cut more than 4,000 jobs, as businesses and consumers slow travel because of the global recession.”

General Motors shares hit a low of $1.40 in morning trading March 6, 2009, marking their lowest point since May 23, 1933, reported the Center for Research in Security Prices at the University of Chicago. The Dow Jones Industrial Average closed at a 12-year low of 6,547.05 on March 9, 2009 – its lowest close since April 1997, and had lost 20 per cent of its value in only six weeks.

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