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...obituaries of newspapers and now, magazines have been written by everyone who can hold a pen or type on a keyboard. The internet was supposed to save print. People who would not buy The Globe would read it online. Advertisers would support the migration to the internet by moving their marketing dollars there as well. It has not worked. Internet advertising is doing as poorly as advertising in any other part of the industry. And, the people who were going to read The Globe on the internet are going to MSNBC instead. (See the 50 best inventions...

Author: /time Magazine | Title: Does the News Industry Deserve a Bailout? | 2/23/2009 | See Source »

...federal government is handing out over $1.5 trillion to support the economy through the Obama stimulus package, TARP, and the new mortgage assistance program. Among the clear winners in the frenzy to save parts of American industry are financial firms and the car companies. Aid may be extended to auto parts companies and insurance operators. The general rule of thumb is that the sectors of the economy that are considered "strategic" will get the lion's share of funding. Car companies are strategic because they employ so many people. Banks are in this category because the credit system cannot operate...

Author: /time Magazine | Title: Does the News Industry Deserve a Bailout? | 2/23/2009 | See Source »

...opinions was rather big," said Czech Prime Minister Mirek Topolanek, whose country currently holds the E.U.'s rotating presidency. In Sunday's meeting, Topolanek defended the liberal market orthodoxy of many central European members and the U.S. is likely to look to countries like the Czech Republic for support in defining some "lowest-common-denominator rules" that everyone can accept, says Duckenfield. Which may leave other European leaders talking tough but unable to get their...

Author: /time Magazine | Title: Europe Calls for Tougher Rules on Global Markets | 2/23/2009 | See Source »

...markets—the antithesis of the Cuban model. There is something incongruent with the goals of Chile and its allies and that of Cuba and the “non-aligned movement” in which it has come to be a leader. In order to maintain international support from its allies and main trading partners, Chile must only visit the Pearl of the Antilles if it is prepared to do so in support of the Cuban people and not the Cuban regime. By revitalizing relations with the state-controlled economy, President Bachelet effectively jeopardizes the support...

Author: By Daniel Balmori | Title: Diminished Democratic Ideals | 2/22/2009 | See Source »

...handful of state legislatures have declared it's closing time for Sunday alcohol sales restrictions, saying an extra day of sales could give their foundering budgets a much-needed shot of revenue. Those states - Georgia, Connecticut, Texas, Alabama and Minnesota - enjoy overwhelming voter support for an extra day of sales, but face opposition from members of the Christian right, who say that selling on Sunday undermines safety and tears apart families. "During times of economic stress, our families are under enough pressure," says Jim Beck, the president of the Georgia Christian Coalition. "I don't think we need...

Author: /time Magazine | Title: Will the Recession Doom the Last Sunday Blue Laws? | 2/22/2009 | See Source »

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