Ethics In Journalism Liane is joined by Bob Steele, who teaches ethics in journalism at the Poynter Institute in St. Petersburg, Florida. They discuss the ramifications of the retraction of a story by Cable News Network and Time magazine. The piece claimed the U-S government used nerve gas against U-S deserters in Laos in 1970. Steele says when a story of this magnitude - with such serious allegations - turns out to be false, responsibility must be taken not only by those who reported and edited the story but also senior news executives. He says fierce competition and a break down of journalism''s traditional checks and balances help explain the recent spate of fabricated stories in the news business.