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Op-ed: Stand with the public media journalists holding power accountable

18 September 2025 at 11:27

With the stroke of a pen, President Trump approved a $1.1 billion cut in July that ends federal support for public media, jeopardizing independent journalism across America. Now, rural and tribal stations face severe cuts or closure, and stations like Detroit Public Radio, which depends on hundreds of thousands of dollars annually in federal funding, might never be the same.

This should concern every American who cares about democracy. The U.S. stands among a select few nations with a truly free press, protected by the First Amendment. But democracy doesn’t sustain itself; it demands active support.

Here at WDET, I am proud to say our journalists are part of that scaffolding. We speak truth to power, hold government officials accountable, and bring you essential reporting that digs into what local leaders are doing and how it affects you.

How WDET works for its community

On The Metro, the daily news and culture show I co-host with Tia Graham, we put local leaders in the hot seat and amplify unheard community voices daily.

Without this type of independent journalism, democracy weakens.

I am also proud to say that, unlike so much of the media competing for your attention, public broadcasters like WDET do not chase clicks or corporate sponsors — our mission is rooted in the public interest. That independence makes us a watchdog against corruption, a provider of emergency alerts, and a trusted news source.

But because we inform people honestly, it upsets powerful people — those who benefit from public ignorance or propaganda.

Without a free press, power goes unchecked, transparency disappears, and trust erodes. In the absence of local independent media, who is holding city council accountable? Who is investigating your local school board or monitoring law enforcement transparency? Studies show when local news disappears, voter turnout drops, polarization rises, and people feel less connected to their community.

A rising trend

While the erosion of local journalism may feel gradual, the danger to press freedom is neither new nor confined to city limits. Around the world, journalists face harassment, imprisonment, and even death for pursuing the truth. We don’t need to look further than the Committee to Protect Journalists to see myriad documented examples of that, abroad and here in the U.S.

But let’s fix our gaze abroad for a moment, because this playbook — weakening independent media — is a timeless tactic deployed by authoritarian rulers across the globe.

In Italy, Prime Minister Giorgia Meloni has packed its public broadcaster with loyalists. This has silenced critical voices and rewritten national narratives.

In Poland, the ruling party seized control of public media, firing hundreds of journalists. It has turned it into a government mouthpiece.

Without a free press, power goes unchecked, transparency disappears, and trust erodes

In Greece, the government abruptly shut down ERT—public radio and TV—with no warning, claiming cost savings, then it hijacked its equipment. It was seen as an attempt to silence independent media.

In Argentina, the far-right President Javier Milei dissolved Télam, the national news agency founded in 1945, accusing it of being “propaganda.” Observers say this is part of his battle with the press and comes amid deep cuts to the public sector.

In the Philippines, Congress refused to renew the license of its leading broadcaster. This move was widely viewed as retaliation for the network’s critical news coverage of President Rodrigo Duterte’s administration.

Again, I want to be clear: These tactics—defunding, censorship, co-option—are a familiar playbook among leaders who fear accountability. And the move to defund public media in the U.S. is part of that playbook. We cannot let this country go down the same path — a nation that has enshrined the free press in its Constitution.

Support public media

Public media’s history is rooted in education, service, and community connection. From classroom broadcasts in the early days of radio to today’s hard-hitting reporting that holds powerful people accountable, public media like WDET is an institution, both a Detroit one and one that prioritizes your access to information.

Today, your support means we can continue challenging the powerful and protecting your right, and your community’s right, to know. Please consider donating now at wdet.org/give because democracy depends on all of us.

An abbreviated version of this op-ed appeared in the Detroit Free Press.

Support local journalism.

WDET strives to cover what’s happening in your community. As a public media institution, we maintain our ability to explore the music and culture of our region through independent support from readers like you. If you value WDET as your source of news, music and conversation, please make a gift today.

The post Op-ed: Stand with the public media journalists holding power accountable appeared first on WDET 101.9 FM.

Ken Morris: Does private equity belong in your retirement program?

2 September 2025 at 19:38

Although our nation is not in a financial storm, experts are struggling to formulate an economic forecast. In fact, they can’t even come up with a consensus on where the economy stands today. There are just too many crosscurrents creating a variety conflicting views.

Have tariffs led to higher inflation? Which way are interest rates headed? Is the economy growing as fast as the numbers indicate?

Something we do know is that our national debt surpassed $37 trillion earlier this month. That means we now spend more on loan interest than we do on both national defense and Medicare.

The bottom line is that all the uncertainty adds up to more questions than answers. But despite all that, the American consumer appears to keep rolling along, albeit with a bit more caution.

Take a certain large restaurant conglomerate, for example. The traffic at their upscale steak house has slowed a bit, but their mid-scale steak house chain is maintaining heavy traffic. That seems to be an indication that consumers are trading down somewhat.

And it’s in the same vein as grocery store brand sales increasing while national brand sales are falling. In other words, consumers are being more selective with their spending.

From an investor’s perspective, it may be tempting to reach for some of the exotic and flashy investments that are dominating the financial headlines. But I seriously question if now is the time to be chasing returns.

Regular readers know that I’m a big believer in diversification, which means having a variety of quality positions in a variety of asset classes. It may not be the flashiest or most glamorous approach, but historically, it has stood the test of time. I’m aware that what happened in the investment world in the past is not guaranteed to repeat. Nonetheless, long-term diversification has proven to be an effective strategy.*

There have recently been some subtle changes in the investment world. One is significant. Private equity has been given the green light to be among the investment choices for retirement programs. Private equity tends to be higher risk and can be illiquid. I’m speculating that the firms that administer these retirement programs are scrambling to upgrade their investment choices to include a menu of private equity offerings. As a financial advisor, I’m a bit concerned about the decision to make riskier investments more readily available to almost everyone.

SA few years ago, an investment firm advertised that, if you wanted to invest like the wealthy, they were your firm. They offered choices beyond traditional stocks, bonds, mutual funds and ETFs. Unfortunately, many of those who thought they were investing like the wealthy have lost significant money.

Ken Morris. (Provided)
Ken Morris. (Provided)

Such losses could mean working beyond their intended retirement date for many investors. What’s just another day in the market for the ultra-wealthy is often a catastrophic loss for everyday investors. And in many instances these significant losses came about when investors were swinging for the fences. But they played the game without a scouting report, commonly known as research.

With economic forecasts and projections all over the map and private equity firms now trying hard to get a slice of the retirement pot, it’s time for investors to be levelheaded. Be wary of overreaching by taking on unnecessary risk.

*A diversified portfolio does not assure a gain or prevent a loss in a declining market. There is no guarantee that any investment strategy will be successful or will achieve their stated investment objective.

Email your questions to kenmorris@lifetimeplanning.com

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment Advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Society for Lifetime Planning is not affiliated with Kestra IS or Kestra AS. https://kestrafinancial.com/disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results.

A trader's handheld device shows his sell orders on the floor of the New York Stock Exchange, Monday, March 9, 2020. The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus. (AP Photo/Richard Drew)
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