Wednesday, January 23, 2008

Hot Off the Press: Rate cut, and stock plunge

This morning's big story is the Federal Reserve's emergency interest rate cut meant to bring order to plunging global stock markets. Here's how three Gannett newspapers covered the news.

At Florida Today, residents are feeling rattled. "I think a little bit of anxiety is probably healthy, if it keeps you on your toes and helps you focus a little bit," University of Central Florida economist Sean Snaith told the paper. "I don't think it's time to do anything drastic."


At The Courier-Journal in Louisville, Ky., business reporter Alex Davis used video with a story about home construction woes to ask people at a local shopping mall how they would spend an $800 tax rebate if they were to get one from the government.


And at the Home News Tribune in East Brunswick, N.J, investors were urged to stay calm. "As long as it's not the milk money and you're well diversified you will weather this storm," said Andre Bakhos, the president of Princeton Financial Group of North Brunswick.

[Images: Newseum]

6 comments:

  1. Does anyone have anything to say about Ketan Ghandi and what is happening the the Home News Tribune and the Bridgewater Courier News, not to mention the Asbury Park Press? Staffers just got word that we will begin outsourcing ad building, among other things, to INDIA! This seems to be a popular trend with Gannett...send our work out of the country, lay-off employees, and next they'll wonder why no one wants to buy - or worse, advertise - in their product. Idiots!

    ReplyDelete
  2. Hey Jim

    RE: the above comment: you need to post the Bridgewater Courier News in your Links. Etc. (in the blue column to the right of this page). We are being "smerged" into the East Brunswick paper but we are still our own entity and deserve to be represented as such!

    ReplyDelete
  3. That means I need to write something about the Courier News then; those links in the blue sidebar appear only when there's at least one post with a given label. I've fallen down on my job!

    ReplyDelete
  4. Does anyone have info about what happened to Mr Ghandi today? He is no longer employed by Gannett.

    ReplyDelete
  5. I e-mailed Gannett's chief spokeswoman, Tara Connell, earlier today about Ghandi's status with the company; I also asked her several other questions related to Ghandi. As of this moment, I have not heard from her.

    ReplyDelete
  6. Yeah, what a surprise.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

Note: Only a member of this blog may post a comment.