This map paints a sobering picture for anyone concerned about the state of the news business. As the layoffs pile up, the coverage of important news stories shrinks and becomes more reliant on bulk news and news wire material. Hopefully citizen coverage and material from local people will help to compensate for the loss. Democracy doesn’t work without access the facts so a lot is at stake here.
Noted economist Nouriel Roubini paints a frightening picture of the future of North American life. Roubini is one of the few people who anticipated the current US financial crisis and should be taken very seriously.
A whole genre of films – such as American Beauty and Twin Peaks just to cite two cult classics – have unveiled the moral ambiguities – and at times the darkness – that lurk behind the bucolic and idyllic façade of American Suburbia. The pretty and prototypical image of such suburbian lifestyle is the seven-bedroom and four-bathroom MacMansion with a driveway where three gas-guzzling SUVs are parked (one for dad, one for mom and one for the kids) and a sprawling green lawn that is perfectly manicured with sprinklers spewing hundreds of gallons of water a day.
Thanks to the worst housing recession since the Great Depression, sky-high gasoline and energy prices and rising water shortages from global warming this suburbian American dream way of life is turning into an economic and financial nightmare. Let us count the ways of this nightmare…
Tags: USA | California | Lifestyle | Real Estate | Florida | Nevada | economics | housing bubble | energy | Global Warming | Gasoline | depression | Crisis | SUV | Suburbia | McMansion | Tech & Biz | Nouriel Roubini
More pain in the newspaper business today.
The nation’s largest newspaper company hasn’t finalized the amount of the write-down announced last quarter, but said it would come in between $2.5 and $2.9 billion.
As I posted yesterday, NowPublic was chosen by Backbone and KPMG as one of Canada’s top new web companies. Here is the write up.
If you’ve heard the term “citizen journalism” it’s because of companies like NowPublic. “This is a superbly thought-out and executed approach to crowdsourced news,” O’Connor Clarke said. “There are a lot of players in this space, but the way NowPublic have put things together, the way the site operates and their success in securing major partnerships with traditional media companies are all well worthy of recognition. NowPublic is a superb example of how 2.0 thinking can bridge the old and new media worlds to create something wholly new.” Other judges also raised the competition flag. Shuttleworth said there is “too much competition in this space” and Moffitt felt that “given its success already and its international scale, NowPublic could be creating an interesting form of new journalism, but it could also raise the hackles of well-moneyed competitors — but they have the head start.”
— You guys are gonna make me blush 🙂
This is a very strange coincidence given what happened in Vancouver yesterday.
BALTIMORE — An underground electrical fire in downtown Baltimore that closed streets and caused power outages has been brought under control.
Fire Department spokesman Chief Kevin Cartwright says there were reports of a manhole cover explosion shortly after 5 p.m. Monday in the 300 block of North Charles Street. The fire was brought under control around 3:30 a.m. today.
NowPublic has been identified by KPMG and Backbone Magazine as one of Canada’s top Internet companies.
(Toronto, July 15, 2008 ) – KPMG and Backbone magazine congratulate the top twenty winners of the first annual ‘PICK20’ Awards, the only national roundup of Canada’s up and coming Web 2.0 pioneers who are leading the 2.0 evolution of the Web. These new emergent online social platforms designed to link individuals to each other, are now increasingly being used to connect companies to both partners and clients.
Thanks to all our members who helped us get there. — Mike.
Tags: Canada | Public Relations | Toronto | Ottawa | Vancouver | NowPublic | awards | companies | Partners | e-commerce | Venture Capital | KPMG | Michael Geist | annual | winners | used | pioneers | Tech & Biz | Backbone magazine | online social platforms
You may have read today’s news about our acquisition of Truemors. For those of you not familiar with the site it is the brainchild of Guy Kawasaki. Guy is a legend in Silicon Valley as a best selling author, VC and one of the early players at Apple — among other things. I’m a big fan of his and am psyched to have him join our team as the Chairman of our advisory group.
In addition to the wealth of Guy’s experience we are also picking up a great group of editors and Trumorists to add to our expanding pool of citizen editors. Welcome to Annie and the rest of the group. We will be working hard to get you all integrated into the NowPublic editorial team and I think you will all be a fantastic edition to our news gathering capabilities.
As you’d expect, an acquisition like this in such a crazed space (those were the words of Michael Arrington) there has been a great deal of press attention. The AFP picked up the story as well as most of the Valley tech media. We’re getting lots of emails and thanks to everyone for their good words.
So day one of the merger seems to be going well. But as with any new success there are sometimes some growing pains. NowPublic is weathering the traffic barrage well but truemors is having a tough time staying online. This has provided our tech team with a good opportunity to get to know the Truemors servers a little earlier than we had planned ☺ Rest assured, Truemors is in good hands and we’ll have it back on his feet in no time. Stay tuned!