#AI ChatGPT OpenAI: Why do journalist not ask regulators “Do you know enough about risks to impose risk weighted bank capital requirements?”

 I asked OpenAI:

"When highly reputable financial sector journalists hear about risk weighted bank capital requirements, what might hinder them from asking the regulators: Do you really know enough about the risks in our banking system to do so?"

OpenAI answered:

"There can be several factors that might hinder highly reputable financial sector journalists from asking regulators whether they truly know enough about the risks in the banking system when imposing risk-weighted bank capital requirements. Here are a few potential reasons:

1. Lack of access to regulators: Journalists may not always have direct access to regulators or may face challenges in obtaining interviews or responses to their inquiries. Limited access can make it difficult to ask specific questions directly to regulators and receive timely and accurate responses.

2. Time and resource constraints: Journalists often face tight deadlines and limited resources. They may not have sufficient time or resources to thoroughly investigate and question the regulators' understanding of risks in the banking system. In-depth analysis and research are necessary to frame the question properly and present a well-informed inquiry.

3. Information asymmetry: Regulators typically have access to detailed data and information that may not be readily available to journalists. Journalists may feel they lack the necessary expertise or access to relevant data to challenge the regulators' knowledge effectively. This information asymmetry can create a hesitancy to question regulators' understanding of risks without having comprehensive information themselves.

4. Fear of repercussions: Journalists might be concerned about potential backlash or negative consequences for their professional reputation or access to information if they confront regulators directly on their understanding of risks. Challenging powerful institutions or individuals can carry risks in terms of future access, relationships, or potential legal implications.

5. Assumption of competence: Journalists may generally assume that regulators possess the necessary expertise and knowledge to make informed decisions. They may not immediately question regulators' understanding of risks, particularly if the regulators are widely regarded as reputable and knowledgeable in their field.

These factors can collectively contribute to a reluctance or hindrance in journalists asking regulators probing questions about their understanding of risks. However, it is essential for journalists to uphold their role as watchdogs and critically assess the actions and decisions of regulatory bodies to foster transparency and accountability in the financial sector."

Note: The answers are copied exactly from those given to me by OpenAI

Here my many other questions to ChatGPT – OpenAI on bank regulations

#AI ChatGPT - OpenAI: Is there any psychological exam e.g., journalists can take in order to ascertain they are not being blinded by hate?

I asked OpenAI: 

"Is there any psychological exam e.g., journalist can take in order to ascertain they are not being blinded by hate?"

OpenAI answered: 

"There is no specific psychological exam or test that can definitively determine whether a journalist or anyone else is being blinded by hate. However, there are a number of approaches that individuals can take to minimize the influence of their own biases and emotions when reporting or analyzing news.

One important step is to cultivate self-awareness and introspection, regularly reflecting on one's own attitudes and biases, and seeking feedback and criticism from colleagues and sources with different perspectives. Additionally, journalists can seek out training and resources on issues such as media literacy, conflict resolution, and bias awareness.

Another important approach is to adhere to journalistic ethics and standards, such as seeking out multiple sources and perspectives, verifying information before publication, and avoiding inflammatory or sensationalized language. Additionally, journalists can work to build relationships with their sources and subjects, seeking to understand their perspectives and experiences, and presenting them fairly and accurately.

Overall, the key to avoiding being blinded by hate or other biases is to approach journalism with a critical and self-reflective mindset, constantly questioning one's own assumptions and seeking out diverse perspectives and information."

Note: The answers are copied exactly from those given to me by OpenAI

The local web correspondent

I have an idea that I am going to present to the press and other media and just in case I can patent it or at least to avoid that someone else patents it am jolting it down here and I will publish somewhere on one of my many blogspots.

I believe that a newspaper that creates a special very local page for local communities such as condominiums, senior resident homes, companies and other and then appoints a member of that community as its local correspondent is placing itself in a privileged position to defend its interests in these difficult times. The local correspondent would work for free though special identifications and rewards like giving out some prizes to the best of them and raffling other prizes among them would help to stimulate them.

The local webpage where only members of the community can be registered will be a part of the medias overall page.

Alternatively communities themselves could set up their own page and negotiated their linkages.

"The local web correspondent" © Per Kurowski

"The community web correspondent" © Per Kurowski