How Could 9,000 Business Reporters Blow It?

for casual readers of business coverage—that is, most of us—the past 18 months have been a crash course in things we never knew existed but that, we are told, have already done us all irreparable harm. Not only are the problems catastrophic, goes the somewhat frustrating message, but it is already too late to do anything about them—other, that is, than pay for them.

In looking back on how we got here, the business press assumes a tone of ... Full Story »

Posted by Kristin Gorski
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Posted by: Posted by Kristin Gorski - Mar 4, 2009 - 6:20 PM PST
Content Type: Article
Edit Lock: This story can be edited
Edited by: Derek Hawkins - Dec 30, 2009 - 9:48 AM PST
Patricia L'Herrou
4.4
by Patricia L'Herrou - Mar. 24, 2009

a very good, comprehensive summary with many facts and figures to illustrate and explain why and how this world's economic crisis was almost overlooked, not foretold thru investigation or exploration, by those reporters most appropriate for that work. the piece illustrates the writer's point, "there has been, and will be excellent retrospective work...this kind of "explanatory" reporting is by definition too late."

this quote for me is indicative of what has happened to too much of our culture : "increasingly business coverage has addressed its audience as investors rather than citizens, a subtle but powerful shift in perspective..."

See Full Review » (16 answers)
Peter L. Combs
4.2
by Peter L. Combs - Mar. 24, 2009

Very well written , very honest and straight forward. A close look into one aspect of behind the scenes of the collapse from several angles.

It would seem the Press had done a Rip Van Winkle, as a guy once said "the flash light only lights up where you're looking". and we wonder why News Papers are dropping like flies, maybe deservedly so.

See Full Review » (12 answers)
Kristin Gorski
4.5
by Kristin Gorski - Mar. 4, 2009

A thorough, discerning analysis written by a former business reporter. Based on fact and fair, the article is careful to include an abundance of factors in explaining how the business press saw economic problems years ago, yet didn't report on them.

I heard Dean Starkman, a former Wall Street Journal writer and current editor of "The Audit" at the Columbia Journalism Review, on WNYC Radio on Brian Lehrer's show yesterday morning. I followed a link from the NYC page to his article in Mother Jones for review. See Links section to hear the audio from the WNYC discussion.

By contrast, in the past few years, business-news outlets, increasingly burdened financially, less confident editorially, competing ever more fiercely among themselves, ... More »

See Full Review » (21 answers)
Tony Litwinko
4.7
by Tony Litwinko - Mar. 4, 2009

The writer has a background from within the subject area and is aware of the exceptions--very few it should be said--to the general rule of his thesis, but on the whole backs up his ideas with telling examples and personal anecdote for a damning look at the demise of journalism in one of its most important areas: financial affairs.

Well worth reading.

See Full Review » (7 answers)

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