Posts Tagged ‘Economist’

Read on the Fourth of July

Sunday, July 5th, 2009

Ah, Independence Day: life, liberty, and the pursuit of the written word.  I know I didn’t actually read 233 articles today (one for each year since the Declaration), but I gave it my best shot….

  • “He blanked Joseph Jackson from his life and excised him from his face, but could not forget his father’s exhortation to be ‘a winner, not a loser.‘ ” Where else but The Economist would you expect to find such an pithy, opinionated, and worthwhile obituary of Michael Jackson? No punches pulled here, nor any failure to acknowledge his “real, hard-won achievements.” By putting this together with Bob Herbert in Saturday’s NYT, methinks I am done with Michael for a few months. Or years.
  • “It’s not just the statisticians who wonder whether our heroes achieve records more often than coins. Psychologists, and, increasingly, economists, also puzzle over the seemingly discrete worlds of chance and perception.” In The Triumph of the Random in Friday’s WSJ, Leonard Mlodinow of Caltech reminds us that “Extraordinary events, both good and bad, can happen without extraordinary causes, and so it is best to always remember the other factor that is always present—the factor of chance.” (By, er, chance, a couple of hours later I began reading the typescript of a friend’s next book – which at one point moves the analysis of cause-and-effect from the realms of mathematics and probability into that of neuroscience. Yes, I had time to read more than newspapers and magazines!)
  • “Swedes believe that consensus is the best way to take long-term decisions that all can live with.” Well, that explains a lot about me, I guess, if you go for nature over nurture.  The Economist again, this time in Charlemagne’s column, Those exceptional Swedes. Oh, and elsewhere, the sensible Swedes who run Ikea get props for suspending investment in Russia due to, ahem, the “unpredictable character of administrative procedures” – read graft and corruption. As Charlemagne pseudonymously puts it, “Sweden, in short, is an exceptional place.”
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The Internet, it’s a helluva town; the news is up, but the newsies are down (The Economist)

Tuesday, May 19th, 2009

The winds of ... (The Economist)

The winds of ... (The Economist)


(T)he plight of the news business does not presage the end of news. As large branches of the industry wither, new shoots are rising. The result is a business that is smaller and less profitable, but also more efficient and innovative.

via The news business: Tossed by a gale | The Economist.

New sources of news are proliferating online. Many, it is true, are unreliable. Most are badly funded. Some are the rantings of deranged extremists. But some—like Muckety, an American site which enriches news stories with interactive maps of the protagonists’ networks of influence, and NightJack, the revealing and depressing blog of an anonymous British policeman, which won the Orwell prize last month—enhance society’s understanding of itself, and could not have existed in the old world.

From the same issue, a leader: Media: The rebirth of news | The Economist.

 

Many of the hard lessons being learned around the industry this year and last are assembled in one place in these pieces from The Economist, living up to its reputation as the best source in the world for carefully selected obituaries.  No, wait, just kidding; of course it is the best place in the world to find those one or two obits you need to read per fortnight (this week: Margaret Gelling, “expert on British place names”). But taken together, and even taken separately, the editorial and the news story show a better than fair understanding of what has happened (“The main victim is not so much the newspaper . . . as the conventional news package”) and what might happen next.

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