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Sputnik International — ‘Political Intervention’: Budapest Furious at US Initiative to Fund Rural Media

Summary:
On Wednesday, the Hungarian Foreign Ministry summoned US envoy David Kostelancik to formally complain about Washington’s new 0,000 initiative to fund rural media outlets in the country. The program provides technical and financial assistance to these media outlets, granting them increased exposure as well as small grants.… Of course, there is some irony in the United States — a country that itself has experienced a precipitous drop in press freedom, from 20th in 2010 to 43rd in 2017 according to PFI — demanding greater press freedom in its NATO ally Hungary. Sputnik International‘Political Intervention’: Budapest Furious at US Initiative to Fund Rural Media

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On Wednesday, the Hungarian Foreign Ministry summoned US envoy David Kostelancik to formally complain about Washington’s new $700,000 initiative to fund rural media outlets in the country. The program provides technical and financial assistance to these media outlets, granting them increased exposure as well as small grants.…
Of course, there is some irony in the United States — a country that itself has experienced a precipitous drop in press freedom, from 20th in 2010 to 43rd in 2017 according to PFI — demanding greater press freedom in its NATO ally Hungary.
Sputnik International
‘Political Intervention’: Budapest Furious at US Initiative to Fund Rural Media
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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