I continue to notice headlines with the preposition "amid". Yahoo is notorious for this. Google search: "amid" site:finance.yahoo.com
I think average people read the headline only and think amid is the reason why. Like an equals sign. I think this is a foolish mistake.
Here an example of the price of oil. Headline – My interpretation
Oil falls to near $75 amid high US crude supplies – Oil will drop when there is high supply.
Oil jumps above $77 in Asia amid US pipeline leak – Oil will increase when there is a pipeline leak.
Oil hovers above $77 amid US pipeline leaks - No, wait, Oil remains flat when there is a pipeline leak.
Oil hovers below $75 amid mixed US economic data - Oil remains flat when there is mixed econ data.
Toronto stock market heads for lower open amid falling oil prices – A drop in oil price will cause the TSE to open lower?
Oil hovers near $74 amid growth uncertainty – Someone was expecting growth, not they are not sure of the growth and that causes oil to remain flat?
Oil rises near $73 amid light 4th of July trading – I do not understand the point of this headline. It is giving the price of oil and letting you know the trading volume is light.
Stocks fall amid uncertainty over the economy – Who determined this uncertainly? I would like to know so I can put on a day trade short to profit.
Stocks mixed amid swine flu concerns, better than expected consumer data – So, stock would have been up because of the consumer data, but were not due to the swine flu concern? If there was no positive consumer data, the stock would have close down due the flu?
Overall, I think it is a bunch of nonsense. Prices always gyrate and there is a waterfall of news every day.
I can say Blizzard in Vermont amid a foggy morning in San Diego.
Or a foggy morning in San Diego amid a Blizzard in Vermont.
So, anytime Vermont gets hit with a blizzard, SD will experience a foggy morning? Or anytime SD experiences a foggy morning, VT will get hit with a blizzard? Of course not. All you are doing is stating 2 facts in 1 headline. I just worry than non-critical thinkers make the wrong assumption about a pair of events being the cause and effect. Amid is not "due to".
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