Must read: Chris Dillow of Stumbling and Mumbling (and Investors Chronicle) comes up with a compelling set of reasons why is journalism so bad:

&ldquoThe problem with the dead tree industry lies in the culture of journalism itself, rather than in the corruption of the profit motive,” he writes. Specifically, the professional weaknesses he identifies are lack of domain expertise among correspondents, status obsession, the bias toward anecdote-driven narratives, and epidemic cognitive biases due to poor training as the major problems with jounralists’ professional culture.