Here’s where the ball goes over the fence:
Meanwhile, Wall Street’s culture of excess seems to have been barely dented by the crisis. “Say I’m a banker and I created $30 million. I should get a part of that,” one banker told The New York Times. And if you’re a banker and you destroyed $30 billion? Uncle Sam to the rescue!
Amen.
#Realtalk: This isn’t another ‘golden age’ for print - But it is one for media
Social media in smaller markets - How three social media managers deal with smaller markets and more local coverage.
A rally for laid-off Sun-Times photogs - A protest Thursday morning drew about 150 picketers to the newspaper’s headquarters
Reporting, or illegal hacking - Scripps reporters are accused of violating the Computer Fraud and Abuse Act
Exchange Watch: California Dreaming - Low healthcare premiums on the West Coast were trumpeted as a big, good-news Obamacare story. But: “Compared to what?”
Things have always been getting worse
Yes, women’s magazines can do serious journalism
In fact, we’ve been doing it for a while
The people who run the American security apparatus are in the overwhelming majority diligent people with a deep concern for civil liberties. But their job is to find creative ways to collect information. And they work within an institution that, because of its secrecy, is fundamentally inimical to democracy and to a free society
Fast Company is hacking the newsroom
Here’s why
Rachel Maddow’s tribute to Michael Hastings
“Michael was angry … he was angry about things that weren’t right in the world. He was angry with war and with loss, and that drove his reporting.”
CJR's Guide to Online News Startups
Uptown Messenger – Hyperlocal news for a neighborhood in New Orleans
Who Owns What
The Business of Digital Journalism
A report from the Columbia University Graduate School of Journalism
Questions and exercises for journalism students.
HOUSING MESS
Few Keys--
1%-4000B--68%---Bundle-Speculation
1999 Law Change
1%--Fed cut Interest from 6.5% to 1% for Banks in 2001. Banker fool not to get all possible
4000B--Fed increased M-3 Total Money Supply from 2001-2007 or twice amount increase in prior ten years.
Stopped showing M-3 in 2006. Shamed?
68%--average size home price increased 68% fron 2001-2007
Developers had access to plenty low interest money and went wild building homes too large-too expensive for middle class incomes
BUNDLING--Banks loan loan-loan--bad loans no problem. They would not have to live with them.
Sell mortgages to GAMBLERS on Wall Street. Quick easy profit.
Lost monthly mortgage payments to reloan.
Income deposits only. Fed increased rates and stopped loans.
Bank assets dead in water.
23% Foreclosures on Speculation buying.
Homes not lived in.
allowed Fannie-Freddie to Gamble with Gamblers on Wall Street. Lost bundles.
Realtors sold with known poor loans.
Big rush to get rich.
clarenceswinney2@triad.rr.com
#1 Posted by CLARENCE SWINNEY, CJR on Sun 8 Feb 2009 at 03:03 PM