Phil Graham famously described journalism as 'the first rough draft of history,' but in an era of financial scandal and collapse, the business press has had to be something more: a guardian when government and other watchdogs fell by the wayside. This riveting collection of first rate pieces covers the waterfront from Apple to Pfizer, from debt default in Europe to bugging at News Corp. and, of course, the ongoing saga of foreclosures, bankers and regulators in America, updated with an inquiry into inequality and the '1%.' This volume of digestible-sized, stiletto-sharp stories will surprise the reader at how much he or she may have missed and reminds us all how momentous was the business world of 2011.
Best Business Writing 2012by Dean Starkman
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Launched at a time of major economic change and an uncommon era in business, this new annual series presents the most intriguing and rigorous coverage of the year’s well-known and crucial-to-know developments in business and finance. Divided into thematic sections, such as bad business behavior; the financial system and its discontents; trends in global markets; the relationship between politics and money; big-picture practices; and news from the corporate world, the anthology fills a longstanding gap for those seeking diverse, enriching, yet entertaining perspectives on the business of business.
This year’s selections include Rolling Stone’s profile of Don Blankenship and his corrupt tenure as CEO of Massey Energy; the London Guardian’s original, unprecedented investigation into the News of the World phone-hacking scandal and its indictment of the Rupert Murdoch media empire; and the Milwaukee Journal-Sentinel’s poignant account of the fatal consequences of federal deregulation in health and medicine. Two searing pieces on the ongoing mortgage scandal, one a hard look at the role of hedge fund Magnetar in perpetuating the housing bubble for financial gain, and the other a detailed breakdown of Countrywide’s malfeasance, provide critical context and background; while articles on recoveries in Ireland, Germany, and elsewhere suggest a way foreword from recession. Additional articles tackle bank fees and bailouts, the Buffet Rule, the corporate lobby’s reach, the Greenspan legacy, the rise of a global business elite, the future of the American auto industry, and the meaning of recent shakeups at Pfizer, Gucci, IKEA, and other corporate institutions.
...an absolute must-read for anyone seeking to keep their finger on the pulse of the world economy.
Whether readers are familiar with some of the news stories or not, this collection exposesbehaviorsboth good and badalong with their impacts, and leaves readers with much to think about.
What People are saying about this
It's not until you see the events of 2012 laid out in order--from hacking scandals, to debt crises, to Steve Jobs, to continuing fallout from the Financial Crisis--that you realize what a strange and tumultuous year we've just been through. Best Business Writing 2012 is riveting and indispensible.
Malcolm Gladwell, author of Outliers: The Story of Success
Riveting and indispensable. It's not until you see the events of 2012 laid out in orderfrom hacking scandals to debt crises, Steve Jobs, and continuing fallout from the financial crisisthat you realize what a strange and tumultuous year we've been through.
Meet the Author
Dean Starkman is editor of the Columbia Journalism Review's business section, The Audit, which tracks financial journalism in print and on the web, and is the magazine's Kingsford Capital Fellow. A reporter for two decades, he worked eight years as a Wall Street Journal staff writer and was chief of the Providence Journal's investigative unit. He has won numerous national and regional journalism awards and helped lead the Providence Journal to the 1994 Pulitzer Prize for Investigations.
Martha M. Hamilton is a former writer, editor, and columnist for the Washington Post who investigates complaints about financial journalism for CJR's "The Audit." She is also the author, along with former Post colleague Warren Brown, of Black and White and Red All Over.
Ryan Chittum is deputy editor of CJR's The Audit. He's a former reporter for The Wall Street Journal and has written for numerous other publications, including the New York Times. He is also a contributor to Bad News: How America's Business Press Missed the Story of the Century. His recent work can be seen at www.cjr.org/author/ryan-chittum-1/.
Felix Salmon is the finance blogger for Reuters. He arrived in the United States in 1997 from England, where he worked at Euromoney magazine. He also wrote daily commentary on Latin American markets for the former news service, Bridge News, and created the Economonitor blog for Roubini Global Economics.
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