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1
In this sweeping, incisive post mortem, Dean Starkman exposes the critical shortcomings that softened coverage in the business press during the mortgage era and the years leading up to the financial collapse of 2008. He locates the roots of the problem in the origin of business news as a market messaging service for investors in the early twentieth century. This access-dependent strain of journalism was soon opposed by the grand, sweeping work of the muckrakers. Propelled by the innovations of Bernard Kilgore, the great postwar editor of the Wall Street Journal, these two genres merged... more In this sweeping, incisive post mortem, Dean Starkman exposes the critical shortcomings that softened coverage in the business press during the mortgage era and the years leading up to the financial collapse of 2008. He locates the roots of the problem in the origin of business news as a market messaging service for investors in the early twentieth century. This access-dependent strain of journalism was soon opposed by the grand, sweeping work of the muckrakers. Propelled by the innovations of Bernard Kilgore, the great postwar editor of the Wall Street Journal, these two genres merged when mainstream American news organizations institutionalized muckraking in the 1960s, creating a powerful guardian of the public interest. Yet as the mortgage era dawned, deep cultural and structural shifts--some unavoidable, some self-inflicted--eroded journalism's appetite for its role as watchdog. The result was a deafening silence about systemic corruption in the financial industry. Tragically, this silence grew only more profound as the mortgage madness reached its terrible apogee from 2004 through 2006.
Starkman frames his analysis in a broad argument about journalism itself, dividing the profession into two competing approaches--access reporting and accountability reporting--which rely on entirely different sources and produce radically different representations of reality. As Starkman explains, access journalism came to dominate business reporting in the 1990s, a process he calls "CNBCization," and rather than examining risky, even corrupt, corporate behavior, mainstream reporters focused on profiling executives and informing investors. Starkman concludes with a critique of the digital-news ideology and corporate influence, which threaten to further undermine investigative reporting, and he shows how financial coverage, and journalism as a whole, can reclaim its bite. less See more recommendations for this book...
2
Did two reporters really change the course of history? And what impact did they actually have on American journalism and government? Jon Marshall explores different answers to those questions by charting the past and the possible future of the critical public service provided by investigative reporters. Bob Woodward and Carl Bernstein symbolize an era when investigative reporters were seen as courageous fighters of corruption and injustice. Although many mainstream news outlets no longer have the resources to support expensive investigative reporters on staff, journalists have found other... more Did two reporters really change the course of history? And what impact did they actually have on American journalism and government? Jon Marshall explores different answers to those questions by charting the past and the possible future of the critical public service provided by investigative reporters. Bob Woodward and Carl Bernstein symbolize an era when investigative reporters were seen as courageous fighters of corruption and injustice. Although many mainstream news outlets no longer have the resources to support expensive investigative reporters on staff, journalists have found other ways to support themselves Marshall’s discussion of the opportunities they have found in blogs, crowd-sourcing, and nonprofit institutions offers hope for the future of investigative journalism. less 
James T HamiltonJon Marshall shows that the investigative impulse, the impulse to hold institutions accountable, has been present in every era of journalism. (Source)
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3
As author Philip Meyer sat in a college class listening to a professor lecture about systematic tools for measuring things like trust in government, a thought struck him: a journalist could do this! He thought about the newsroom conversations he'd had about the possibility of reporting on some interesting social phenomena. The group always ended with a shrug and a lament that there was no way to measure it-but he began to wonder. It was an epiphany for Meyer, who went on to report on the 1967 racial riots in Detroit and write the groundbreaking book Precision Journalism . While others were... more As author Philip Meyer sat in a college class listening to a professor lecture about systematic tools for measuring things like trust in government, a thought struck him: a journalist could do this! He thought about the newsroom conversations he'd had about the possibility of reporting on some interesting social phenomena. The group always ended with a shrug and a lament that there was no way to measure it-but he began to wonder. It was an epiphany for Meyer, who went on to report on the 1967 racial riots in Detroit and write the groundbreaking book Precision Journalism . While others were arguing that reporters should not use scientific methods to make conclusions of their own, Meyer was using computers and statistical software to elevate the standards of traditional journalism. At age fifty, he switched gears and entered the world of academe, where he continues to stir the pot. In Paper Route, he recalls two interconnected careers and examines how journalism, quantitative methods, and original thinking led him to live the remarkable life that he's still enjoying. less James T HamiltonThis autobiography traces the career of Phil Meyer, a reporter who helped bring the methods of social science into reporting. (Source)
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4
America's leading role in today's information revolution may seem simply to reflect its position as the world's dominant economy and most powerful state. But by the early nineteenth century, when the United States was neither a world power nor a primary center of scientific discovery, it was already a leader in communications-in postal service and newspaper publishing, then in development of the telegraph and telephone networks, later in the whole repertoire of mass communications.In this wide-ranging social history of American media, from the first printing press to the early days of radio,... more America's leading role in today's information revolution may seem simply to reflect its position as the world's dominant economy and most powerful state. But by the early nineteenth century, when the United States was neither a world power nor a primary center of scientific discovery, it was already a leader in communications-in postal service and newspaper publishing, then in development of the telegraph and telephone networks, later in the whole repertoire of mass communications.In this wide-ranging social history of American media, from the first printing press to the early days of radio, Paul Starr shows that the creation of modern communications was as much the result of political choices as of technological invention. With his original historical analysis, Starr examines how the decisions that led to a state-run post office and private monopolies on the telegraph and telephone systems affected a developing society. He illuminates contemporary controversies over freedom of information by exploring such crucial formative issues as freedom of the press, intellectual property, privacy, public access to information, and the shaping of specific technologies and institutions. America's critical choices in these areas, Starr argues, affect the long-run path of development in a society and have had wide social, economic, and even military ramifications. The Creation of the Media not only tells the history of the media in a new way; it puts America and its global influence into a new perspective. less 
Todd GitlinThis book looks at the historical precedents through a different angle, not through sensibility, what brains are doing, but through institutions. And its main point is that the state has been intimately involved in the evolution of the media from the beginning. It looks in particular at the very homely institution of the post office, which is provided for at the beginning of the American... (Source)
James T HamiltonIt’s a wonderful book, in part because it shows that the founding fathers also confronted this problem of rational ignorance. (Source)
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5
This book seeks to elucidate its subject - the governing of democratic state - by making intelligible the party politics of democracies. Downs treats this differently than do other students of politics. His explanations are systematically related to, and deductible from, precisely stated assumptions about the motivations that attend the decisions of voters and parties and the environment in which they act. He is consciously concerned with the economy in explanation, that is, with attempting to account for phenomena in terms of a very limited number of facts and postulates. He is concerned... more This book seeks to elucidate its subject - the governing of democratic state - by making intelligible the party politics of democracies. Downs treats this differently than do other students of politics. His explanations are systematically related to, and deductible from, precisely stated assumptions about the motivations that attend the decisions of voters and parties and the environment in which they act. He is consciously concerned with the economy in explanation, that is, with attempting to account for phenomena in terms of a very limited number of facts and postulates. He is concerned also with the central features of party politics in any democratic state, not with that in the United State or any other single country.
I. BASIC STRUCTURE OF THE MODEL.
1. Introduction.
2. Party Motivation and the Function of Government in Society.
3. The Basic Logic of Voting.
4. The Basic Logic of Government Decision-Making.
II. THE GENERAL EFFECTS OF UNCERTAINTY.
5. The Meaning of Uncertainty.
6. How Uncertainty Affects Government Decision-Making.
7. The Development of Political Ideologies as Means of Getting Votes.
8. The Statics and Dynamics of Party Ideologies
9. Problems of Rationality Under Coalition Governments.
10. Government Vote-Maximizing and Individual marginal Equilibrium.
III. SPECIFIC EFFECTS OF INFORMATION COSTS.
11. The Process of Becoming Informed.
12. How Rational Citizens Reduce Information Costs.
13. The Returns From Information and Their Diminution.
14. The Causes and Effects of Rational Abstention.
IV. DERIVATIVE IMPLICATIONS AND HYPOTHESIS.
15. A Comment on Economic Theories of Government Behavior.
16. Testable Prepositions Derived from the Theory. less James T HamiltonThe cost of becoming informed about politics swamps the likely benefits to the individual from seeking out information to cast an informed vote. (Source)
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