Word: shifting
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...Boyer, the original hacker journalist, prefers to put it differently, likening the paradigm shift to the old adage that if you can't beat 'em, join 'em. "If the source of the tumult in the news business is technology," he says, "then journalism needs more nerds...
...years, though, the China equation got unbalanced. First came a spike in shipping costs that led manufacturers in the West to take a closer look at all the costs - time to market, quality control, etc. - of stringing their supply chains across oceans. While shipping rates have since subsided, the shift in mind-set among executives has stuck, says John Ferreira, head of the manufacturing practice at Archstone Consulting. No longer is there a herd mentality pushing them to China and other faraway places, he says. When Ferreira surveyed U.S. and European manufacturing execs late last year, almost 90% said they...
...sharp downturn in global trade has delayed action on those ideas. So far the only evidence of the shift is in consultant surveys like Ferreira's. In Beijing, though, the downturn has brought its own attitude adjustment. "The Chinese response is 'We are too coupled to the American economy,'" says Ian Bremmer, president of the Eurasia Group, a political-risk consulting firm. That has led to more domestic spending by the government and attempts to boost Chinese consumers' spending. True, neither is necessarily bad news for foreign firms. It has, however, also meant an increasing reluctance to let U.S. companies...
...similar story in Hungary: the ruling Socialist MSZP lost more than half its vote, tumbling 18% to just 17.4%, opening the way for the conservative Fidesz to romp home with a monstrous 56.4% of the vote. The one major exception to the rightwards shift was in Germany: Chancellor Angela Merkel's governing center-right CDU/CSU saw its vote fall by 7.1% to 37.8%. But it was mainly at the expense of the liberals, greens and former communists - at 20.8%, the Social Democratic Party actually recorded its lowest score since the end of World...
...that shift hasn't happened. At the end of May, just over 7% of the nation's workforce was employed in the financial-services business, unchanged from December 2007, when the downturn started. In all, the government said the economy lost 345,000 jobs in May - a significant improvement from April, when employment fell by just over 500,000. The banking and insurance businesses, though, accounted for only about 5% of May's losses, or 19,500 jobs...