Retire now, or later? How CPP changes affect you

Source: moneyville.ca

By Sheryl Smolkin | Mon Jan 3 2011

Changes to the Canada Pension Plan start taking effect this month and are designed to encourage people to work longer before they start drawing a government pension.  The changes take place gradually over the next five years and make it much harder to figure out when to retire and how to ensure you receive the maximum benefit. read entire story here

It’s Scary Out There in Reporting Land ‘Beats are fundamental to journalism, but our foundation is crumbling.’

Source: nieman.harvard.edu/reports
By David Cay Johnston
To understand how badly we’re doing the most basic work of journalism in covering the law enforcement beat, try sitting in a barbershop. When I was getting my last haircut, the noon news on the television
—positioned to be impossible to avoid watching—began with a grisly murder. The well-educated man in the chair next to me started ranting about how crime is out of control.

But it isn’t. I told Frank, a regular, that crime isn’t running wild and his chance of being burglarized today is less than one quarter what it was in 1980. The shop turned so quiet you could have heard a hair fall
to the floor had the scissors not stopped. The barbers and clients listened intently as I next told them about how the number of murders in America peaked back in the early 1990’s at a bit south of 25,000
and fell to fewer than 16,000 in 2009. When we take population growth into account, this means your chance of being murdered has almost been cut in half.

“So why is there so much crime on the news every day?” Diane, who was cutting Frank’s hair, asked.

“Because it’s cheap,” I replied. “And with crime news you only have to get the cops’ side of the story. There is no ethical duty to ask the arrested for their side of the story.”
Cheap news is a major reason that every day we are failing in our core mission of providing people with the knowledge they need for our democracy to function. Barry Glassner, in an important book every
journalist should read, tells us how cheap news badly done spreads false beliefs and racial distrust. It’s been a decade since he came out with “The Culture of Fear: Why Americans Are Afraid of the Wrong
Things.” By my sights, the problems Glassner described have gotten worse, much worse.

Does Anybody Care?

Beats are fundamental to journalism, but our foundation is crumbling. Whole huge agencies of the federal government and, for many news organizations, the entirety of state government go uncovered. There
are school boards and city councils and planning commissions that have not seen a reporter in years. The outrageous salaries that were paid to Bell, California city officials—close to $800,000 to the city
manager, for example—would not have happened if just one competent reporter had been covering that city hall in Southern California. But no one was, and it took an accidental set of circumstances for two
reporters from the Los Angeles Times to reveal this scandal.

Four decades ago when I covered local government meetings in Silicon Valley for the San Jose Mercury, I always asked for copies of the agency budget. In those days, before spreadsheets or the first
pocket calculator had been invented, I did long division in the margins to figure out trends and how the taxpayers’ money was being spent. It not only relieved the tedium of the meetings I sat through, but it
produced story after story after story that engaged readers and at times infuriated officials while protecting the public purse.

Increasingly what I see are news reports evidencing a basic lack of knowledge about government. And this isn’t happening just with beat reporters but with the assignment and copy editors who are
supposed to review stories before they get into print or on the air.

In the first 10 months of this year, a Nexis database search shows, newspapers and wire services reported more than 1,700 times that juries, grand or petite, handed down indictments and verdicts.

Sometimes I pick up the phone and call reporters whose stories contain this incredibly dumb mistake and politely try to educate them. Perhaps it’s obnoxious, but somebody needs to do it. Some reporters
ask me what difference it makes. A few have insisted that down is correct. Really, I ask. Even if people have never been in the courtroom, they would know from movies and television that the judge sits in
the highest position and therefore juries hand up while judges hand down. When I’ve asked reporters and some editors how many votes are needed for a jury to convict, I’ve sometimes gotten back cautious,
slow or wrong answers. And it’s not a trick question. If any reporter doesn’t instantly know this answer, then alarms should sound and training should promptly commence.

Far too much of journalism consists of quoting what police, prosecutors, politicians and publicists say—and this is especially the case with beat reporters. It’s news on the cheap and most of it isn’t worth the
time it takes to read, hear or watch. Don’t take my word for it. Instead look at declining circulation figures. People know value and they know when what they’re getting is worth their time or worth the
steadily rising cost of a subscription.

Less for More

I also am board chairman and part owner of a very small business—we manage a small hotel—that follows a different customer policy than newspapers do. Every year the three papers I subscribe to cut
quality and raise prices. When we charge our guests more, we give them something more—nicer shampoo, fluffier towels—and we tell them about the new benefit. Why should we think people would pay
more for less and do so repeatedly?

One day a decade or so ago when Amtrak said my Metroliner would be delayed at 30th Street Station in Philadelphia, I ran upstairs and bought The Philadelphia Inquirer, where I worked for seven years.
Buried inside I found a half column about the new budget for Montgomery County, the wealthiest and most important county for the newspaper’s financial success. The story was mostly about the three
commissioners yelling at each other. The total budget was mentioned, almost in passing, with no hint of whether it meant property taxes would go up or down, more money would be spent on roads or less,
or any of the other basics that readers want to know.

For this I paid money? I could only imagine the reaction of the residents of Montgomery County.

This problem is not with the breakdown in the centuries-old economic model, a simple model that many journalists do not really understand. Connecting buyers and sellers who are in search of one another
pays the bills. What draws them is a desire to find out that which is important but that they did not know. We call this information the news.

Far too much of what we produce today is already widely known. We fill so many pages with rehashed or known information that on many days these publications could properly be called oldspapers. It’s
not like there isn’t important and revealing news all around us. There is. It’s just that we seem swept up in a herd mentality with too narrow a focus and too much eagerness to rely on what sources tell us
rather than asking these same people to address important facts that lie in plain sight in the public record.

Much of what passes for reporting about government these days is not only information that is useless, it is laughable nonsense, and I have the coffee stains on my robe to prove it. Every morning I read “Beat
the Press” on the Center for Economic and Policy Research website, which is liberal economist Dean Baker’s critique of the economic theory, policy and “facts” he finds on the front pages of The New York
Times, The Washington Post, and other media outlets. Baker routinely picks apart articles that are as far from reality as a weather story that says the sun rose in the West.

Sometimes I send these criticisms on to the ombudsman or top editors of the offending publications. I have even put together packages showing from the newspaper’s own clips that what was printed is
utterly false. But I rarely see any corrections made nor any insistence that writers actually know what they are writing about when it comes to government policy, economic policy, taxes or treaties.

During the past 15 years as I focused my reporting on how the American economy works and the role of government in shaping how the benefits and burdens of the economy are distributed, I’ve grown
increasingly dismayed at the superficial and often dead wrong assumptions permeating the news. Every day in highly respected newspapers I read well-crafted stories with information that in years past I
would have embraced but now know is nonsense, displaying a lack of understanding of economic theory and the regulation of business. The stories even lack readily available official data on the economy
and knowledge of the language and principles in the law, including the Constitution.

What these stories have in common is a reliance on what sources say rather than what the official record shows. If covering a beat means finding sources and sniffing out news, then a firm foundation of
knowledge about the topic is essential, though not sufficient. Combine this with a curiosity to dig deeply into the myriad of documents that are in the public record—and then ask sources about what the
documents show.

David Cay Johnston, while working at The New York Times, won the 2001 Pulitzer Prize for Beat Reporting for his coverage of loopholes and inequities in the U.S. tax code. He is a columnist for Tax
Analysts and teaches the law of the ancient world at Syracuse University’s law and graduate business schools. “The Fine Print,” the third book in his series about the American economy, is scheduled to be
published in 2011 by Penguin.

Newspaper ad optimism in the States

Source: guardian.co.uk

There is a renewed sense of optimism among newspaper publishers in the United States and Canada who believe they are about to enjoy a better 2011.

They expect digital advertising, plus certain sectors of classified ads, will improve, according to a study by Kubas Consultants.

Its survey of more than 400 daily newspaper executives and managers across north America found expectations of digital ad sales increasing by almost 20%, with retail display growing 4.3%, and motors and employment up by 3.4%.

But national display ad revenues are projected to drop by a further 1.3% and property classified ads likely to fall by 1.7%.

Some 20% of publishers also feel confident enough to make major investments in printing systems.

But a word of warning. The Kubas report notes that in the past executives have tended to be over-optimistic in their digital ad projections.

Why Media Apps Aren’t as Good a Business as They Seem

Source: Jeff Bercovici
Story by: http://blogs.forbes.com/jeffbercovici/

It’s long been an article of faith among media optimists that the shift to digital publishing would be a good thing for publishers in the long run, freeing them of the burden of their biggest costs: paper, printing and postage.

That’s why I was surprised to hear David Link, founder and creative director of the digital design firm The Wonderfactory, say, at a recent conference, that producing and distributing app-based magazines for tablet computers and other mobile devices is as costly as putting them out with ink and paper, if not more so. The problem, he told me afterward, is bandwidth. Magazine apps are large downloads. One of the biggest, the early version of Wired’s iPad edition, was around half a gigabyte.

If you’re selling directly through Apple’s iTunes store, that’s no problem: Apple handles the download — in exchange for a 30 percent cut of the sale price. But most publishers aren’t satisfied with that arrangement, which leaves Apple in control of the customer relationship and the resulting data and, for now, limits them to selling single copies rather than subscriptions. However, says Link, “if they’re going through the subscription route and they want to circumvent that” — for instance, through Zinio, a digital publishing services provider with an app of its own — “then they actually have to pay for all that bandwidth.”

Over time, of course, bandwidth gets cheaper, and file compression gets better. Link says most magazine apps now fall in the range of 80 to 250 megabytes per issue, and “I’m hoping they’ll get down to 30 to 50 megs.” But set against that is the pressure to inflate them with ever more rich media. Just as publishers once conditioned readers to expect that all print content ought to be free online, now they’re teaching consumers to expect magazine apps that are tricked out with videos, interactive graphics and more. Link points out that Sports Illustrated’s iPad app, which Wonderfactory developed, features 50 to 100 photos per issue not found in the magazine. And all that extra content doesn’t produce itself, either: Link estimates that putting out an enhanced mobile edition requires two to five extra staffers.

None of this is to say media apps won’t be a great business at some point. But if and when they get there, it will be because of of the high rates publishers will be able to charge for rich, interactive, targeted advertising. Take that out of the equation and app-based publishing, like print publishing, is a cost-heavy, money-losing proposition.

An edit too far

Arbitrator orders reinstatement of RFA reporter whose edited story caused a diplomatic flap

By Andy Zipser, Editor

Source: The Guild Reporter

In a case underscoring the dangers of social media reporting — especially when complicated by foreign-language translation —  a Guild-represented reporter for Radio Free Asia has won an arbitration that rescinds his termination and orders full reinstatement with back pay, seniority and benefits. 

A highly regarded 10-year veteran who had racked up several awards for his reporting, King Man Ho nevertheless was fired last February after video-recording, tweeting and writing about an event at which Secretary of State Hillary Clinton briefly interacted with two Chinese bloggers. Although Ho’s story correctly quoted one of the bloggers, subsequent editing made the blogger sound overly enthusiastic about Clinton and implied “too intimate a connection with the U.S. State Department.”

Moreover, an RFA headline referred to the bloggers as “Chinese Web dissidents,” a characterization which the bloggers vigorously disputed. “The Son of Free Asia reporter has a bit professional ethic; he hocus pocus my work, make me outrageous,” one tweeted in angry response.

In the wake of the ensuing diplomatic flap, and amid concerns that the reports would endanger the bloggers upon their return to China, the RFA coerced Ho into tweeting an apology. Written by Ho’s manager, Shiny Li, the statement said he had misquoted the blogger and had mischaracterized the meeting with Clinton — which, ironically, followed a speech she gave at the Newseum about internet freedom.  But despite assenting to the forced apology, Ho was warned that an RFA investigation into the incident would continue.

Later that month, following a meeting with management at which Ho was faulted for showing insufficient remorse, the reporter was fired for “insubordination and violation of the Code of Journalistic Ethics and RFA’s Conflict of Interest policy.”  The Guild promptly responded with a grievance, charging RFA with making Ho “the public scapegoat for a legitimate news story” and forcing him to publicly apologize “for a story that was wholly accurate.”

After three days of hearings in July and August, arbitrator Herbert Fishgold agreed. Not only had the RFA failed to make its case for insubordination and ethics violations, he wrote, but it had “contributed [to] and exacerbated” a diplomatically sensitive situation. “As noted,” he wrote, the two bloggers “took specific issue with the use of ‘warm push’ and ‘Dissidents,’ and the inference that they ‘met’ with Secretary Clinton. All of these concerns are attributable to Li’s editing and the headline, not to Ho’s actual wording. . . . Li’s editing allowed an impolitic suggestion that these ‘independent’ bloggers were cozy with the Secretary.”

Although Fishgold rebuked Ho for some of his tweets, which had become increasingly intemperate as he responded to the blogger’s accusations of unprofessional conduct, he noted Ho’s “otherwise unblemished record during the past ten years.” Accordingly, he wrote Nov. 9, Ho should receive a written warning “that he should not engage in a public ‘debate’ with news sources” but otherwise should be reinstated with back pay — an amount the Washington-Baltimore Guild estimates at approximately $50,000.

Why Newsquest journalists are rebelling after Gannett executive’s profits boast

By Roy Greenslade  Source: guardian.co.uk

Brighton Argus journalists were on the picket line today after voting to stage a two-day strike in protest at a two-year freeze on wages and the removal of subbing jobs.

Their major slogan was “Keep jobs local”, a reference to the fact that the paper is to be subbed largely from Southampton in future.

I somehow doubt that the National Union of Journalists would have voted for this action in normal circumstances. Their employer, Newsquest/Gannett, has got away with plenty of cutbacks in the past by claiming that plunging profits have necessitated editorial budget reductions.

But Gannett’s chief financial officer, Gracia Martore, put a lie to those claims last month when she told US analysts that Newsquest was making profits. Healthy profits.

Lest anyone forgets, here’s a verbatim account of what she said on 15 October:

“Let me once and for all dispel the myth that Newsquest doesn’t make money. Newsquest makes a lot of money.

In fact, their margin, as I have said a couple of times, is consistent with the margin that our local US community publishing operations generate.

So their margins are in the high teens to low 20s. And they have consistently made money throughout the years, even in a year like last year when revenues were under as much pressure as they were.”

No wonder Newsquest’s journalists in Brighton, Blackburn, Darlington and Southampton have taken, or are planning to take, industrial action.

As I’ve said before, I think subbing “hubs” are understandable. But the move to create them must be carried out sympathetically. Subs shouldn’t be cast out but encouraged to become content-providers.

As for the pay freeze, that’s altogether unacceptable in the light of Martore’s admission. It is even worse than that because Newsquest/Gannett bosses have been receiving rises while their hard-pressed employees have not.

I understand there is some embarrassment at Newsquest about Martore’s statement and hints that she overstated the true situation.

But Newsquest/Gannett cannot have it both ways. Either she told the truth to analysts, meaning that Newsquest’s executives have been telling porkies to their newspaper staffs.

Or she was “economical with the truth” when addressing sceptical US analysts.

Either Newsquest is making bumper profits and should not have imposed a pay freeze. Or it is scraping by, in which case the company’s chief financial officer should come clean.