Recession

Sept. 29, 2010: On This Day in History

On September 29, 1987, my lovely sister Jacqueline Ratner was born. Happy 23rd sis! In other, more scholarly-related news, on September 29, 2008, the Dow Jones Industrial Average fell a record 777.68 points after the House voted against a $700 billion financial recovery plan. It was a very somber day that wrote this 21st-century recession in stone. Two years later we are supposedly rising out of the recession, and a lot of valuable lessons have been learned by experts, businesses, and individuals alike. As students, and for the future of this country, it is important that we learn from mistakes in the past so we can keep making that “cash-money.” The library has always had books on finance, as it is one of the most popular majors at Northeastern, but now you can find newly added post-recession books on how to manage your money. Keep that beer-money coming in all of your life by taking a look at some of the great new additions to the Snell Stacks. The Roller Coaster Economy: Financial Crisis, Great Recession, and the Public Option Too Big to Save? How to Fix the U.S. Financial System Guide to Financial Markets

Before the News Dies…

The purported death of newspapers sure is taking a while, and in some ways seems like just another trendy lamentation. First there was ‘The Death of Rock.’ Then there was ‘The Death of Cinema’ (which has died hundreds of times). Now, the death of newspapers will apparently coincide with the death of the publishing industry. However, there also appears to be some frightful truth to this predicament. The New York Times recently announced that it may be closing the Boston Globe. It seems that people everywhere, even journalists, would rather write something for the internet than publish something on a physical piece of paper that one can carry with them. What a pity. (I might note here that I’m the pot calling the kettle black by posting all this on a blog).

If the newspaper does in fact die, then let’s take a moment to celebrate the wide variety of newspapers that Snell contains. They really are from all over the globe. You can read newspapers from different areas of the U.S, such as The Philadelphia Enquirer, or the St. Louis Post Dispatch. Or you can read newspapers from other countries, in other languages, such as Die Welt, from German, where you can find out that ‘Deutschland sucht neuen Wirtschaftsminister’ (Germany searches for a new Economic Advisor). Or you can read The Moscow Weekly News (which comes in an English edition), Le Monde, from France, or The India Reporter, from India. It is helpful to have this diverse array of newspapers, of course, for the foreign students who want to read news in their own language from their native country. But it is also beneficial for Americans, even one’s who do not know any foreign languages. You are not going to read in The Boston Globe, at least not in a detailed article, that Germany is choosing a new Economic Advisor. Perhaps facts like this are, or will be, more important than they seem. U.S news, including its newspapers, has always had an aversion to world news. The only place in this country to my mind you can hear comprehensive world news in on NPR radio. Many of these newspapers have English editions, if not in print, then online, so why not be informed? (It’s also worth noting that these papers do mention all the U.S news that is relevant)

Will newspapers die in this country? Will this death be a payback for a disregard for the rest of the world? Actually, there is no direct correlation. Newspapers are dying because of an economic crisis, the internet, plummeting sales and overall poor writing. But perhaps newspapers from other parts of the world will remain. At least for a little while.