Where was the business press in the weeks and months leading up to the deepest financial crisis since the Great Depression? As our economy unraveled, journalists struggled to keep up with the story of the century, grappling with an alphabet soup of derivatives, backroom deals, and toxic financial instruments. But many fault the media itself for having helped to create the bubble in the first place. Did the press fail its mandate as an engine of truth by buying into the hubris and exuberance of the preceding decades?
Bad News is a foundational text for navigating a controversy that will be studied for years to come. With contributions from leading journalists and academics-including Nobel Laureate Joseph Stiglitz, Columbia Journalism Review's Dean Starkman, and Huffington Post business editor Peter S. Goodmanthis collection presents a complex debate in a highly accessible format for anyone from curious readers and scholars to journalists themselves. And ultimately, the questions it raises illuminate the heated debate about the media's role as guardians of our democracy.
|Publisher:||New Press, The|
|Product dimensions:||5.20(w) x 7.90(h) x 0.70(d)|
About the Author
Anya Schiffrin is the director of the media and communications program at Columbia University’s School of International and Public Affairs. She spent ten years working overseas as a journalist in Europe and Asia. She lives in New York City.
Table of Contents
Preface Anya Schiffrit ix
1 The U.S. Press and the Financial Crisis Anya Schiffrin 1
2 The Media and the Crisis: An Information Theoretic Approach Joseph E. Stiglitz 22
3 Power Problem Dean Starkman 37
4 The Financial Press: It's Not as Bad as Its Reputation Chris Roush 54
5 Missing the Moment Ryan Chittum 71
6 The Quiet Crisis Peter S. Goodman 94
7 The Real Housing Crisis of Orange County Moe Tkacik 122
8 The Financial Crisis and the UK Media Steve Schifferes 148
9 What Would Good Reporting Look Like? Robert H. Giles Barry Sussman 179
About the Contributors 201