By Terri Thompson
Drawing upon the adventure of a few 40 of the nation´s best reporters, all alumni of the Knight-Bagehot Fellowship in Economics and company Journalism at Columbia collage, this publication is a whole consultant to writing approximately enterprise and economics. Writing approximately Business starts off through demystifying simple suggestions of macroeconomics, microeconomics, monetary markets, and overseas economics and alternate. subsequent, it offers sensible reporting guidance, from tips to use data to knowing what the govt. has in its documents, from undertaking reside interviews to utilizing digital info to generate tales approximately businesses. In remaining, the ebook indicates investigative innovations and techniques for masking particular beats, together with own finance, wellbeing and fitness care, the surroundings, exertions and place of work concerns, media and leisure companies, know-how, small companies, and not-for-profit associations. To many reporters and public kinfolk pros, enterprise and monetary writing can look fraught with complexity. With its wealth of sensible info, Writing approximately Business is helping those writers with the usually daunting job of reporting on company and undefined.
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Additional resources for Writing about business: the new Columbia Knight-Bagehot guide to economics and business journalism
Now Schumpeter is a favorite in Silicon Valley, where high-tech industry has flourished thanks to entrepreneurs taking risks on developing and selling new technology. The new products and companies often fail. That is accepted as a natural by-product of healthy and open competition, and entrepreneurs who fail once or twice prove their mettle by starting new companies. Schumpeter’s theories also lie behind the Grameen Bank, which gives out tiny loans to very poor women in Bangladesh. The women do not give the bank physical collateral, because they are too poor to own any.
The Phillips curve was named after A. W. Phillips, a researcher who in the 1950s analyzed the relationship between wages and inflation in England from 1861 to 1957. In the contemporary version, prices replace wages. The curve suggests that an inverse relationship exists between unemployment and inflation. In other words, as unemployment declines or as more people are employed, inflation increases. A country can choose a strategy: to have low inflation, it must tolerate higher rates of unemployment; or it can support lower rates of unemployment by tolerating higher rates of inflation.
General-assignment reporters, often newly assigned to a business or economics beat, would spend a week or two immersed in basic economics, guided by experts. Invariably these gatherings began with a serial confessional as each participating reporter earnestly revealed a mission to explain complex economic issues to his or her newspaper’s readers, Joe and Jane Sixpack. Tweaking journalists hilariously for not thinking “like economists” was the most common form of blood sport at these workshops. The last thing the world needs is journalists who think like economists.
Writing about business: the new Columbia Knight-Bagehot guide to economics and business journalism by Terri Thompson