Economic News (2)

Economic NewsIndeed, if you get your news from Fox or conservative talk radio, you were much likelier to learn a couple weeks ago about outlying first quarter GDP figures (which were terrible) than about any of the many signs that the economic recovery is accelerating—weird GDP numbers notwithstanding. Deuze (2004), p. 140) argues that the concept of multimedia in online journalism studies is generally understood in either of two ways: (1) as a presentation of a news story package where two or more media formats are utilized (e.g. text, audio, video, graphics etc.), or (2) as a distribution of a news story packaged through different media (e.g. newspaper, website, radio, television etc.).

Yet, in a more extensive investigation of TV broadcasters’ online news sites in the United States, Pitts lamented: the majority of stations provide text-only stories, thus failing to use the multimedia capabilities of the web” (2003, p. 5). In their extensive investigation of European online journalism, van der Wurff and Lauf (2005) found that print newspapers were as much about multimedia as online newspapers.Economic News

Mitchelstein and Boczkowski also identify a need for more cross-national studies, and for online journalism researchers to look beyond the newsroom and the news industry and take into account structural factors such as the labor market and comparable processes in other industries in order to better understand who gets to produce online news, how that production takes place, and what stories result from these dynamics” (2009, 576).

While Twitter can be used to crowdsource the news, where a large group of users come together to report on a news event (Niles, 2007), this paper argues that the institutionally structured features of micro-blogging are creating new forms of journalism, representing one of the ways in which the Internet is influencing journalism practices and, furthermore, changing how journalism itself is defined.

There is no political system in Karl Marx’s theory of Communism (his Utopia) and those in Marx’s model of Utopian economic system of Communism are expected to always do what is best for the entire community instead of the individual without incentives, i.e. no greed, no selfishness, no individualism plus no private property or ownership of anything.

Economic News