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Photo: Greg Allen / Invision / AP

The media is having a rough week when it comes to reporting on the federal government's multiple ongoing Russia investigations. Three stories in the past seven days have crumbled under greater scrutiny.

Why it matters: In today's hyperpolarized world, "fake news" has become a refrain to describe stories that observers on both sides of the spectrum decide that they don't like. These reporting issues by esteemed media organizations give credence to that ignorance, which further damages the value of insightful, impactful reporting — especially when it comes to one of the biggest, most polarizing stories of our political age: the Russia probe.

The misses
  1. Flynn's testimony: Last Friday, ABC News reported that former national security advisor Michael Flynn was prepared to testify that President Trump, while still a candidate, directed him to contact Russian officials. But later in the day, the network issued a "clarification" that the direction came when Trump was president-elect. That changed the impact of the story entirely as it's a common occurrence for presidential transition teams to reach out to foreign governments.
  2. Deutsche Bank subpoena: Reuters and Bloomberg both reported on Tuesday that Special Counsel Robert Mueller's investigation had subpoenaed Deutsche Bank for information on accounts relating to President Trump and his family members — seemingly confirming that Mueller had expanded his probe to investigate the president's financial dealings. The WSJ defused that bombshell in a follow-up report stating that the subpoenas actually dealt with "people or entities close to Mr. Trump."
  3. WikiLeaks emails: CNN reported this morning that senior Trump campaign officials, including Trump himself, received an email from an unknown sender on September 4, 2016 that linked them to what could have been unreleased WikiLeaks documents. WaPo issued their own report later in the afternoon that the email was actually sent on September 14 — and linked to a trove of documents that WikiLeaks had publicly released a day earlier.
Here's Trump back in November:

We should have a contest as to which of the Networks, plus CNN and not including Fox, is the most dishonest, corrupt and/or distorted in its political coverage of your favorite President (me). They are all bad. Winner to receive the FAKE NEWS TROPHY!— Donald J. Trump (@realDonaldTrump) November 27, 2017

Go deeper:

Editor's note: Get more stories like this by signing up for our daily morning newsletter, Axios AM.

Go deeper

The separate and unequal paths in business

Illustration: Aïda Amer/Axios

When a bank turned down George Johnson for a business loan, he got creative. He returned and told the bank he needed $250 to take his wife on a vacation — and was approved. Then he invested the cash in his business, which became the first Black enterprise to trade on the American Stock Exchange.

Why it matters: The highways to success in the U.S. market economy — in entrepreneurship, corporate leadership and wealth creation — are often punctuated with roadblocks and winding detours for people of color.

GOP state legislatures move to assert control over election systems

Contractors in Phoenix in May 2021 recounting ballots as part of a 2020 general election audit requested by the Arizona State Senate. Photo: Courtney Pedroza for the Washington Post

Republican-held state legislatures have passed bills that give lawmakers more power over the vote by stripping secretaries of state of their power, asserting control over election boards and creating easier methods to overturn election results, according to the New York Times.

Why it matters: The bills, triggered by baseless claims of widespread fraud in the 2020 election, threaten to politicize traditionally non-partisan election functions by giving Republicans more control over election systems.