There have been instances of Employees being fired from their Jobs because of what they have posted on a personal Blog. Some of the Firings have been justified by providing Insider information or criticism of the Employer, but some have been imposition of personal lifestyle standards on Employees by their Employers. Blogging has relatively little protection under the law.
The problem revolves around the issue of Free Speech, but it becomes exceedingly difficult to assess, when it impinges upon the Rights or Property of others. This goes far beyond Blogging! Morgan Stanley put out a Report that Oil would rise in Price, starting a wave of Speculation--driving the price of Oil higher. This cost Consumers a vast pool of Money devoted to Energy instead of other Consumption or Savings.
The fact remains that Economic reports and releases affect the volatility of the Market in adverse ways. Investors would state this allows for informed Investment decisions. But does it? Most of these issuances reflect Authors' personal agenda, are designed to illicit desired Investor reaction, and never outline clear contradictory evidence. Economics easily lends itself to propaganda effort.
Blogging may incite such Scare tactics as well as partisan economic releases, but they may help defuse such policies as well. This Author advocates a laissez faire approach to Blogging, except where there is direct injury to Employers. lgl
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