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...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. (See 25 people to blame...

Author: /time Magazine | Title: The Pulitzers: Does Great Journalism Pay? | 4/21/2009 | See Source »

...stories and then stopped, said that he would be climbing back on the bandwagon. This helped trigger more public sparring over how valuable content is when it comes from the pens of real reporters and not off the pages of news aggregators like Google News and The Huffington Post who, according to their sworn enemies in traditional media, live off the effort, expense, and ingenuity of institutions like The New York Times, The Washington Post, and The Associated Press...

Author: /time Magazine | Title: The Pulitzers: Does Great Journalism Pay? | 4/21/2009 | See Source »

...Crowds also gathered around cars made by a company largely unknown outside of China, the Shenzhen-based firm BYD (Build Your Dreams). Started as a rechargeable-battery maker, BYD is making a headlong push to become a world leader in what some analysts believe could be the industry's post-internal combustion engine future: electric cars. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Is the Future of Electric Cars in China? | 4/21/2009 | See Source »

...same time, if Chávez and other Latin leftists want Obama to read Galeano, they in turn should read Obama. In his own books, like The Audacity of Hope, Obama lays out the common-sense, post-ideological political philosophy that has led to the U.S. shift on Latin America that so many in the region are now applauding. It's something Latin America's yanqui-bashers, if they want to keep receiving applause from Latin voters themselves, should keep in mind...

Author: /time Magazine | Title: Signs of Spring: U.S.-Latin America Relations Thaw | 4/20/2009 | See Source »

...Though those comments were set within the context of Sarkozy seeking to replace France's dysfunctional-and often harmful-post-colonial relationship with Africa with a more open and democratic one, his comments were widely criticized as caricaturizing and racist. In recalling them during her Dakar visit, Royal asked for "pardon for those humiliating words that never should have been spoken, and which-I tell you in all certainty-represent neither France or the French people...

Author: /time Magazine | Title: Ségolène Royal: Sorry for Sarkozy Remarks | 4/20/2009 | See Source »

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