With readership/audience share plummeting many media entities are ruthlessly cutting staff.  A growing list of papers are canceling their affiliation with the AP wire service.  Orson Scott Card, a novelist and academic, writes about how the press has squandered its credibility, first over Iraq and now with Fannie Mae/Freddie Mac as it hypes the prospects of Barak Obama. 

Editor's note: We are grateful to Laurie Urquiaga for telling us more about Orson Scott Card, and for correcting us by pointing out that Meridian Magazine, which reprinted the essay, is not a publication of the LDS Church, though it serves a largely Mormon readership.