Word: detroit
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...Detroit Free Press, one of the old city dailies, on the brink of extinction and in the shadow of the failing car industry, won a Pulitzer Prize for reporting. Last year, the paper published text messages between the city's mayor, Kwame Kilpatrick, and his female chief of staff. The mayor went to jail...
...Internet as we know it would not be invented for nearly 25 years. (See 25 people to blame for the financial crisis.) The Pulitzer announcement must have brightened an otherwise dreary newsroom. If any regional economy is at risk for completely collapsing, it is the one around Detroit, where in some parts of that city unemployment is already close...
Unfortunately, most newspaper readers will never pay for content online, and the Detroit Pulitzer reveals some of the problems of old world print publications. The Kilpatrick story was about scandal, betrayal, and the abuse of power. In those departments, it was a match for some of Shakespeare's best work. But the series of articles probably did not get the Free Press more than a few new subscribers, and no one would have paid for it online. Just after the story broke, the most important and interesting parts of the information were on the local Detroit TV and radio stations...
Steve Rattner had never focused on the auto industry before. So yes, he was an odd choice to be a special adviser to the Treasury Department on its dealings with Detroit car manufacturers. And even though he was known mostly for his work as a journalist and as an investor in various media companies, Rattner got right to work, reportedly helping to engineer the ouster of General Motors CEO Rick Wagoner just weeks after joining the Administration...
...doubt that this is a challenging task, encouraging trends have emerged in recent years. Just one day after Obama’s speech, the governors of eight Midwestern states sent the president a letter urging him to support a new proposed plan that would connect Chicago, St. Louis, Detroit, and Madison, Wisconsin with a network of fast passenger trains. And, while, Amtrak’s trans-continental lines may be the object of ridicule, ridership on the Acela line has grown rapidly as fuel prices have made air and car travel less attractive to business commuters. We hope that...