Word: globalization
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Dates: during 2000-2009
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...democratization of journalism: "Consumers are gravitating to the work of individual writers and voices, and away somewhat from the institutional brand," the Project's study proclaims. Websites like Global Post now allow individual journalists to become independent contractors, "in much the way photographers have operated for years at magazines." But the demise of an institutional framework to ensure quality and reliability would mean that consumers themselves would have to decide which journalists to trust. And already, there are growing doubts about "whether the generation in charge has the vision and the boldness to reinvent the industry ... [And] it is unclear...
...under increased scrutiny as a result of the global recession, however, the Fed chief saw fit to grant the first television interview since his appointment to 60 Minutes correspondent Scott Pelley. The last time a Fed chair gave a television interview was in 1987 when Alan Greenspan appeared on Meet the Press - an interview that was followed the next week by the largest single-day drop in stock market history. So why Bernanke's change of heart? He responded to that question quite plainly: "It's an extraordinary time. This is a chance for me, I think, to talk...
...about the flaws in American capitalism may never be known. What is known is that the financial markets have enough concern about Treasuries now to support a market for insuring U.S. debt in the event that the government cannot meet its obligations in the future. (See pictures of the global financial crisis...
...pictures of the global financial crisis...
...pictures of the global financial crisis...