Word: metro
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...Free Press did something that very few metro dailies can. It devoted two reporters to the developing story and obviously gave them the time and resources that they needed to bring the whole package of investigating and writing articles home. Newspapers cannot afford this kind of effort the way that they could when two Washington Post (WPO) reporters broke the Watergate story after months of work in 1972 and 1973. The newspaper business was profitable then, very profitable. Some large dailies made margins of over 30%. The Internet as we know it would not be invented for nearly 25 years...
...best papers, the ones that win the most Pulitzers, the big metro dailies, are in as much trouble as any medium in the country. They are in trouble because the CBS (CBS) affiliate in Detroit will run an excellent summary of the Kilpatrick story, even though CBS is under siege from the Internet. The New York Times will run a summary of the story as well, or take it from its Associated Press feed...
...Detroiters are optimistic that it's the beginning of a turnaround. "We think this will have a long-lasting effect for the city's economy," says Renee Monforton, communications director for the Detroit Metro Convention and Visitors Bureau. "The people who visit here will want to come back again, either as leisure tourists or for a meeting. And people watching on television will see Detroit as a viable place to live, work and visit...
...condos and flip them; speculators got into bidding wars on unbuilt houses; the price would triple just in the time it took to build. Numbers made no sense; people got drunk and reckless. And then they got crushed. Cape Coral-Fort Myers, once the third fastest growing metro area in the country, last year became the foreclosure capital of America...
...Shanghai is, in Dubai, when cranes leave site here, they leave when construction is finished." A trip down Sheikh Zayed Road, Dubai's main thruway, named after the U.A.E.'s founder and first President, reveals thousands of cranes still operating and the first line of the city's metro on track to open this summer. (See pictures of Dubai...