From page one of Google. A Bible studies company, something about South Africa and two articles from at least a year ago. Well, that didn’t make us feel better at all.
New Career Opportunities Daily: The best jobs in media
Original post by AlwaysArousedGirl
Just because it is going to take an alien invasion or some such to knock the election off the front pages for the next two weeks does not mean that Wall St isn’t still going down in flames. It is. Big ones. This morning saw the return of the scary graph to the front page of the WSJ (though it has been noticeably absent from the NYT homepage in recent days). As a result we thought it was high time we checked back in with Clusterstock’s John Carney to find out what the heck is going on!
More specifically why can’t the government come up with a plan that will work? And what about those scary graphs? Carney responds to all this and further explains to us how the Crisis of ‘08 can (sort of) be compared to a plot line from It’s a Wonderful Life or, alternately, a stoop sale in Park Slope. All news is local!
New Career Opportunities Daily: The best jobs in media
Original post by Lux Alptraum
It’s been a few days since we looked into the Financial Crisis of ‘08, which in the current Internet news cycle is pretty much the equivalent of a few months. Paul Krugman, the Nobel prize-winning NYT columnist, says that it’s going to get worse before it gets better. The President seems to be talking a lot but at this point pretty much no one is listening. And the original bailout was a bad idea so now they’re trying a new one. However, as of yet no one has really explained where all the money went (other than to partridge hunts in England, but even that couldn’t account for it all). Until now! Today we turn to another Carney for explanation (and yes they’re related…apparently it’s all the result of some ambitious breakfast experiment). Per Tim Carney writing today at Culture 11:
So, what the heck happened to all that money? Did somebody take it?…Not really. Most of the wealth we “lost” was wealth that never really existed. The core of our loss is that home values and expected future home values are not as high as people had thought. From that fact, there is a ripple effect that has frozen credit markets and brought down stock prices. That’s not to say there isn’t real loss in our downturn. It’s also true that some people are making money off of our woes. But the heart of the story is mis-valuation.
So basically we’re having a real crisis based on imaginary money, which begs the question who exactly put these people in charge? At some point someone may also be able to explain why we can’t now use fake money to bail us back out.
New Career Opportunities Daily: The best jobs in media
Original post by Dashiell Bennett
For foreign media, reporting in China is about to get easier. According to an article in China Daily, the country is passing new laws that will replace the old ones dealing with access granted to journos from abroad. Government approval is no longer required to travel in the country nor interview its citizens, although anyone wanting to see military facilities or Tibet will need to register with the police.
During the Beijing Olympics, temporary laws were enacted (with varying success). These regulations were designed to allow the 30,000 foreign journalists who descended upon the country to report with some levels of freedom.
Wang Chen, minister of the State Council Information Office that wrote the new policy, said the new laws showed his country’s commitment to transparency.
“This is a very important move drawn on the experience of providing services and managerial help for foreign journalists during the Olympics. They underline the government’s determination to further open up, and reflect the idea of maintaining an orderly opening-up policy and effective management.”
New Career Opportunities Daily: The best jobs in media
Original post by Dashiell Bennett
So! These were the headlines that greeted us a short time ago when we exited the Time Summit and were able to check the state of world affairs. Looks good, no? Market is up. People are running pictures of smiling stockmarketers. Phew! Or is it? We checked in with Clusterstock’s John Carney to see what was what, turns out (not to be glass half full sort of people) up is not necessarily better.
New Career Opportunities Daily: The best jobs in media
Original post by Lux Alptraum