Finance

Ethics Dunces: Elyse Siegel and Craig Kanalley of the Huffington Post

/ Jack Marshall / Leave a comment

It should go without saying that before you author a post about “unforgettable lies” to a popular website, you should probably know what a lie is. This detail seems to have eluded Elyse Siegel and Craig Kanally, however. Their Glenn Beck-inspired retrospective of lies by prominent Americans acts to further muddle the public’s understanding of a basic concept, degrading communication and spreading misinformation.

A lie is a statement that intentionally misrepresents facts in order to mislead or deceive someone. A mistake is not a lie. When one makes a statement believing it to be true, and subsequent revelations prove that the statement to be false, that is not lying, though those who want to ascribe bad motives to the statement may incorrectly characterize it as one. Such a statement is not a lie even when it is made recklessly, or out of ignorance, stupidity, or misplaced trust.

Nor is a broken promise a lie, if the promise was sincere when it was made. Promise-keeping is a different virtue than honesty.Then there are disagreements over definitions. Some terms have more than one meaning, and using one of them when a listener is thinking of a different definition may be poor communication or sloppy thinking, but it is not a lie unless it is intended to deceive.

The Huffington Post piece blurs these important distinctions, and this is a problem. Lying suggests malice, and it has become increasingly common for civic debate to feature the epithet of “Liar!” being directed at writers, pundits and politicians who are simply stating sincere opinions. In fact, many of the bloggers at the Huntington Post do this routinely, which may be why no editor pointed out that Siegel and Kanalley’s post showed that they didn’t understand what they were writing about. In fact, by their definition of the word, the post contains several lies.

It doesn’t, though. It is just wrong.

You can pick out the non-lies in their honest but incompetent post here. By my count, at least five and maybe six of the “lies” are not lies at all. Of course, the authors would not have had to resort to non-lies if they weren’t so dedicated to featuring conservatives and Republicans on their list. There are plenty of clear-cut lies by Democrats and non-political types that were worthy of the list if their post didn’t have to double as a political hit piece.  Where, for example, are Connecticut Attorney General Richard Blumenthal’s serial claims of Viet Nam combat service? Isn’t Ted Kennedy’s infamous statement about his negligent homicide of Mary Jo Kopechne just a bit more famous and important than Glenn Beck’s fib at his Lincoln Memorial rally? How about former Justice Souter’s claim, under oath before the U.S. Senate, that he had never given any thought to the abortion issue? Or Senator Roland Burris’s statement to the Senate that he had no contact with Rod Blagojevich prior to being appointed to his seat, a statement he recanted as soon as he was confirmed?

These were all real lies, significant, intentional, and infamous.

Charging Your Parents Interest: Ethical?

/ Jack Marshall / 4 Comments

An inquirer to the Christian Science Monitor’s financial blog “The Simple Dollar” poses this real life scenario:

“I’m 22 and have very robust finances…My dad recently suggested to me that instead of paying his credit card company interest (~20%, he thinks) on his balance (~$4000), I could lend them the money to pay it off in exchange for something like 10%….This is money I can afford to lose, and would otherwise be sitting in a money market or bond index fund. So my question: is it unethical to charge my parents interest, at least more than I’d earn otherwise? While 10% is much lower than their current payment, it’s much higher than I’d earn otherwise. If I’m willing to lend them the money at a lower rate, am I ethically obliged to?” Continue reading →

The Most Unethical Businesses and Viatical Settlements

/ Jack Marshall / 13 Comments

A British website has posted its list of the “10 Most Unethical Ways to Make Money.” Like all such lists, there are some eyebrow-raising choices, both in what is included and what is not, usually attributable to the political and ideological biases of the list-makers. For example, until we have figured out a way to run civilization without oil, it is more than a bit unreasonable to declare the entire oil industry unethical, climate change or no climate change. Oil is on the list, though, while child porn, drug dealing and gambling are not. The list could be the result of a collaboration among Greenpeace and Ron Paul.

Still, most of the inclusions on the list, like blood diamonds, ivory, and sweat shops are neither surprising nor controversial. Placing one of the businesses on the list, however, qualifies as a public service. Most people have no idea what the industry is, or what is unethical about it.

That business is the viatical settlement industry, which preys on human impulsiveness and irresponsibility to make large profits. Unfortunately, the list’s brief explanation of the industry misses its most unquestionable and sinister incarnation: buying structured settlements. Continue reading →

Something Else is Unethical About the Ground Zero Mosque Plan

/ Jack Marshall / 16 Comments

What, other than the project itself, is unethical about the Ground Zero mosque plan?

Just this: apparently, despite what we’ve all been told, there isn’t one!

Politico reported yesterday that “New York government officials and real estate insiders are privately questioning whether the project has much chance of coming to fruition.” If the facts stated in Politico’s article are true, that would seem to be an understatement. Among the revelations: Continue reading →

What is the “Worst” Behavior? Don’t Ask Conservative Bloggers!

/ Jack Marshall / 9 Comments

John Hawkins of Right Wing News persuaded 43 conservative bloggers to send him their list of the twenty worst Americans in history. He then compiled a list of “The 25 Worst Americans” using their responses, with the rankings based on the number of blogger who listed an individual.

The list is disturbing, but not for the reasons you think.  What does it say about the priorities and values of conservative bloggers that the “worst American” among all the criminals, serial killers, scoundrels and sociopaths America has produced is, by this method of measurement...wait for it…

...Jimmy Carter? Continue reading →

And You Thought YOUR In-laws Were Bad…

/ Jack Marshall / 2 Comments

Stuart R. Ross, a non-practicing lawyer who, among other dealings, once owned a chunk of the Smurfs franchise, ran out of his own money and began pestering his successful  son-in-law, David S. Blitzer, for investment capital. After Ross blew through the tens of thousands of dollars he got from Blitzer, he demanded more, and Blitzer, a senior managing director of The Blackstone Group, told him that he wasn’t getting any more. So Ross adopted another strategy: he told his daughter’s husband, through repeated e-mails and phone calls, that he would reveal unidentified, career-wrecking secrets about Blitzer if Blitzer didn’t hand over more money—$5.5 million, to be precise. Continue reading →

On Unethical Tipping

/ Jack Marshall / 7 Comments

I had an enlightening, even shocking, discussion last night with a young woman who waitresses as a second job. I asked her about her observations regarding customer tips during the recession and generally. From what she says, there are a lot of unethical diners out there. Continue reading →

Porn: Finding Ethics in the Strangest Places

/ Jack Marshall / Leave a comment

It should surprise nobody that Amy Fisher, the “Long Island Lolita,” now out of jail for shooting her lover’s wife, married and in her mid-thirties, is outfitted with nifty breast implants and making money shooting porn films. At least her notoriety is being exploited in a manner that does not confer true celebrity status for her misconduct, unlike, for example, Michaele Salahi, who has been featured in glamour shots by the national media as a  direct result of her crashing a White House social event with her equally shameless husband. Amy was dismissive of her part-time porno career in a recent interview, and the woman she shot in the head, Mary Jo Buttafuoco, suggested in a follow-up interview that Fisher was ethically clueless (a not too far-fetched conclusion, all things considered), and that the fact that she made her living being photographed performing various sex acts despite being the parent of small children proved it.

This got me thinking about pornography..no, no, wait!—I mean about the ethics of pornography. Continue reading →

Ethics Heroes: The Billionaires of “The Giving Pledge”

/ Jack Marshall / 1 Comment

Encouraged by Warren Buffett and Bill Gates, more than 30 U.S. billionaires have pledged to give at least half of their fortunes to charity. Buffett and Gates launched The Giving Pledge project in June. The Giving Pledge does not accept money, or try to steer its participants to any particular cause.  Nor is it a contract. The project asks billionaires to make a moral commitment to give away their wealth to charity.

This is clearly the ideal time for such an effort, when state and local governments are fighting deficits and less wealthy donors are having difficulty meeting prior levels of charity. It is also an eloquent statement by a group of productive, talented, hard-working and patriotic Americans that has been unfairly used too often as a cheap political target by the Obama Administration, Congress and the media.

Nothing bad whatsoever can come from The Giving Pledge. Continue reading →

Ethics Quiz: The Garage Sale Treasure

/ Jack Marshall / 10 Comments

CNN is reporting the story of a man who bought two small boxes at a garage sale ten years ago and just discovered that they contained 65 previously undiscovered glass negatives by famed nature photographer Ansel Adams. He purchased the boxes for $45 (haggled down from $75), and their contents are now assessed to be worth at least $200 million.

Such stories raise interesting ethical questions. For example, if you were the lucky stiff who bought the boxes, would you give any part of it to the original owner? Continue reading →