“Trust is more important than truth.”

 According to those who took part in a discussion “Fake News versus Real News at Amec’s Global Summit in Bangkok, this is typically the case in a “fake news” world.

 So what can journalists do about it? We can stop using the term “fake news”; we can ignore surveys which can be biased or tweaked towards certain results; we must always strive to retain balance in a story; we must be careful on social media because much fake news is a result of social media; and we should attribute to a comment to social media, such as“according to” a Twitter account rather than to a particular person”.

Australia’s Fairfax, which controls many of the newspapers across New Zealand, may have had its proposed merger with New Zealand Media and Entertainment (NZME) rejected but it appears to have other options. One of them is to be taken over either by New York-based private equity firm Hellman & Friedman (H&F) or by a consortium led by TPG.

Merger and acquisition newswire service, Mergermarket (which was then owned by the Financial Times Group) was sold in 2013 to private equity firm, BC Parners, for GBP 382 million. (Since then another sale is being sought, according to reports).

I read the article below that appeared in The Washington Post and thought this was a good reflection of how people feel about the media almost everywhere. What should they believe and what should they not believe?

All over the world, people seem to have become bored with much of traditional media, saying that most of what they read is “fake news”.

However, here is usually some truth in all that is reported, whether it is embellished or not. If people choose not to believe the news, there is little that can be done. That is increasingly the case.

Like many people in the media I was shocked to learn about Dan Heyman, a veteran health reporter who was arrested Tuesday night after asking the US President, Donald Trump, the "wrong" questions. It's horrifying to know that such repression of the media is happening in a country that other people in the less developed countries look up too, particularly where the media is still not free- like the Middle East. 

Although the environment is hard for journalists it does force you to think about how to tackle issues in a different way and to be creative. Here's what happened to Dan Heyman.

Data journalism is a term that is used to refer to the increased role that numerical data has in journalism. It brings together computing, technology, statistics and journalism. It is a relatively new term and has become more important as technology and computing has grown. It was just part of investigative journalism before.

The extent to which data journalism is applied is cultural. But it is not just impacted by what is written but how data and statistics are gathered in the first place. This is what this article explains.

 Nowadays there are so many scams and it seems some are difficult to avoid. I have been a victim of an e-commerce con, which has gone on for about three years now. Clearly, I’m not the only one as Forbes magazine has outlined (see below). Unfortunately, it was not until I had parted with my money – twice- one for an upgrade, that I finally realised I had been scammed. Duhhh..

How Brexit impacts the UK remains to be seen, with Brexiters and Remainers sure of the outcome. The meeting that happened on 25 April between the UK Prime Minister, Theresa May, and the President of the European Commission, doesn't look like a good start.

New Zealand finance Minister, Steven Joyce, confirmed his reluctance to impose a visitor levy on tourists because visitor numbers may not remain at the current level, he said. He was speaking at a lunch on April 28 2017, hosted by the Queenstown Chamber of Commerce.

 He noted that tourist numbers in New Zealand were only a small percentage of tourist numbers worldwide - although they might seem big to us.

 However, it was important for the government to invest in infrastructure, to make things happen, he said, particularly in a place like Queenstown given that it is a tourist mecca.

 He also spoke about the need to mobilise private capital and utilise that when necessary.

 At the end of April, Joyce announced that he would be allocating $11 billion over the next four years to infrastructure in the May Budget, up from $4 billion. Some of these projects are already underway such as the Kapiti Expressway and the new City Rail Link (CRL) in Auckland.

Private equity in New Zealand is lead by the country's sovereign wealth fund. The annual SWF conference was held in Auckland last November. Here is a link. IFSWF Conference: where should sovereign wealth funds invest?

The New Zealand Superannuation Fund has achieved a AAA rating in its listing of top international asset managers in the most recent Global Climate Index report, and ranks at 15, in its list of top international} asset managers.