One of the most interesting things to me in "Page One The New York Times" was the decline of print media. I had no idea that ad revenues had declined so much over the last several years. Recently former powerhouse papers like the Chicago Tribune have been forced to lay off hundreds employees in an attempt to remain profitable. In fact the valuations of major papers has plummeted throughout the last decade. This trend started with the advent of the internet but was accelerated by the Great Recession which caused ad revenue to plummet. The New York Times has attempted to change its business model away from a reliance on ad revenue and instead make the company reliant on subscribers dues. A key part of this is making their website open only to scribers. However, this has only had limited success. One paper that has managed to be successful in the digital age is the Wall Street Journal. The Wall Street Journal has avoided this by always allowing only subscribers access to its' website, increasing its subscriber base, and increasing its ad growth.
http://en.wikipedia.org/wiki/The_Wall_Street_Journal#Design_changes
http://www.forbes.com/sites/afontevecchia/2013/11/20/tribune-co-cutting-700-newspaper-jobs-amid-dropping-advertising-revenues/
http://www.cnbc.com/
https://d28wbuch0jlv7v.cloudfront.net/images/infografik/normal/ChartOfTheDay_596_advertising_rev
enue_of_U_S_newspapers__n.jpg
http://rack.0.mshcdn.com/media/ZgkyMDEzLzAyLzA3LzI5L255dGltZXMuNjdmNWIuanBnCnAJdGh1bWIJOTUweDUzNCMKZQlqcGc/f50d6b91/693/nytimes.jpg
Tuesday, November 26, 2013
Thursday, November 14, 2013
Issue Post: The Media
The Media's Role in the Debate on Debt and the Financial Services Sector


http://www.foxnews.com/
http://www.nytimes.com/
http://en.wikipedia.org/wiki/News_media_(United_States)
http://cdn6.triplepundit.com/wp-content/uploads/2011/11/fox-news-logo.jpg
http://blogs.courant.com/curtain/Rachel-Maddow-08-NBC01.jpg
Monday, November 11, 2013
Issue Post: Special Interest Groups

Special Interest Groups and Financial Services:
Special Interest Groups play a key role in the financial services sector and other sectors. Many large banks and other financial institutions hire lobbyists to halt attempts at new regulation. Or they push for a roll back of regulations that they believe negatively affects the profitability of their companies. In 2010 many lobbyists representing the Financial Services industry lobbied Congress to oppose the Dodd-Frank Bill. They believed the bill would restrict the company from engaging in revenue generating activities and add onerous regulations. However their efforts failed and the bill was passed. In 1999 they achieved more success when the lobbied Congress to overturn Glass-Steagall. This allowed banks to once more have both commercial and investment banking. This dramatically increased profits at big banks. On a much small level some liberal lobbyists lobby for increased consumer protections and new restrictions on big banks.
http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act
http://www.thenation.com/sites/default/files/user/20/DoddFrank_Lobbyists_1000px-1.jpg
http://steadfastfinances.com/blog/wp-content/uploads/2011/03/Percentage-of-Too-Big-To-Fail-Lobbyists-that-are-former-Government-Employees.gif
3-2-1 Post: Lobbyist's Playbook
The Lobbyists Playbook
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This reminded me of my Eighth Grade Economics course where we learned that bank lobbyists were attempting to halt any effort to reform Wall Street after the Financial Crisis. This lobbying scandal also reminded me that throughout history there are examples of the toxic effect of money in government. In Cuba the corruption of the Government allowed special interests to dominate the country. This inspired Fidel Castro to start a revolution and create a communist nation.
My one question is what happened to Tom Delay? After some research I found that he was forced to resign as House Majority Leader, vacate his House Seat, and he was criminally indicted. He was found guilty in 2011, but his conviction was overturned in 2013.
http://en.wikipedia.org/wiki/Tom_DeLay
http://archive.corporateeurope.org/images/protestlobby-big.jpg
http://www.opensecrets.org/news/abramoff.jpg
http://archive.corporateeurope.org/images/protestlobby-big.jpg
http://www.opensecrets.org/news/abramoff.jpg
Saturday, November 2, 2013
Post: Take the Money and Run for Office
Take the Money and Run


http://www.oyez.org/cases/2000-2009/2008/2008_08_205'
http://netrightdaily.com/wp-content/uploads/2013/02/american-crossroads.jpg
http://upload.wikimedia.org/wikipedia/commons/d/db/Supreme_Court_US_2009.jpg
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