Archive for May, 2011

May 2011

Tuesday, May 31st, 2011

A CEO’s battle against business journalists

By Tori Stilwell...[Read More]
Tuesday, May 31st, 2011

Let’s get going on the real story of the financial crisis: Securitized banking By MARY FRICKER At the SABEW annual conference in Dallas April 7-9, Don Barlett and Jim Steele, America’s most famous investigative reporting duo, gave business reporters and editors an important piece of advice. Don’t let businesses and politicians frame the story for you, they cautioned. Sadly, I’m ...[Read More]
Thursday, May 26th, 2011

College Connect: How to open a bank account in the U.S.

by Alex Missick Life as an International Student Having a U.S bank account is a great way to manage your finances while being away from home. However, there are some challenges that international students must overcome. Wiring money back and forth, looking for an ATM that carries a Cirrus logo, going back to the same ATM the next day to withdraw more money because of a limit set by your bank ...[Read More]
Thursday, May 26th, 2011

Ad for copy editor at Investor’s Business Daily

Investor's Business Daily Copy editor Full-time West Coast Application Open: Until filled Investor's Business Daily is seeking a full-time copy editor for its Los Angeles headquarters. The right candidate will have an interest in business and the stock market, a strong grasp of numbers and a passion for accuracy, clarity and engaging writing. Speed is essential to meet rolling deadlines ...[Read More]
Thursday, May 26th, 2011

Public Pension Stories by SABEW Pension Seminar Participants

Browse public pension stories by Chuck Bennett Need a Hanky? Wife weeps as Hevesi aide Morris sent to jail for pension-fund scam NYPD's retirement payouts are hush-hush money Fat pensions (like doc's 191G) break Nassau's back FDNY pension medical board fears violence from retirees denied disability Pension system sick: FDNY docs say law ties their hands NEW COPS FACE PENSION PINCH CASH ...[Read More]
Thursday, May 26th, 2011

Fund created to aid tornado-stricken Joplin, Mo., journalists

SNA asks fellow newspeople to contribute....[Read More]
Thursday, May 26th, 2011

CNBC’s Mark Haines remembered for tough standards

Traders pause to honor anchor who died May 24....[Read More]
Tuesday, May 24th, 2011

Hill: No fix is needed for police, fire pensions

Editorial by Tim Hill As president of the Professional Fire Fighters of Arizona, I find myself on the verge of admiration for our state's Legislature and its session recently past. It's not often you can fix something that isn't broken and punish every firefighter and police officer in Arizona - and earn congratulations from the state's largest newspaper in the process. In the world of Arizona ...[Read More]
Tuesday, May 24th, 2011

What Will Happen to Retirees’ Pensions?

By Stacey Bumpus May 23, 2011 It’s no secret that U.S. public pensions are in danger. A recent report released by the Pew Center on States found that the deficits in U.S. state employee pension funds grew by 26 percent in fiscal 2009. State by state, even larger deficits can be seen. State governments have struggled to manage their budgets for some time, leaving less money to run a number ...[Read More]
Monday, May 23rd, 2011

Recording available for 5/23 teletraining on gasoline prices

Hear it on your computer or your phone....[Read More]
Monday, May 23rd, 2011

Report: Structured products bring high risk, big fees, lost money to retirees PHOENIX, May 19, 2011 — Complex investments known as structured products, columnist, author and SABEW member John Wasik wrote earlier this week in a piece for DEMOS.org, "are so risky, and so costly in fees, that some of them are almost sure money losers. They entered retirement portfolios like Trojan horses, and ...[Read More]
Monday, May 23rd, 2011

Plenty for biz writers at National Society of Newspaper Columnists’ conference

SABEW members invited to Detroit June 23-26....[Read More]
Thursday, May 19th, 2011

Report: Structured products bring high risk, big fees, lost money to many retirees

Author, columnist, SABEW member John Wasik reports....[Read More]
Thursday, May 19th, 2011

Ad for Energy Reporter at San Diego U-T

San Diego Union-Tribune Energy & Green Business Reporter Full time West Coast; San Diego, CA Application open: Until filled Want to cover a Fortune 500 company? Blog about the latest trends in solar, wind and other green companies? Test drive the latest fuel-efficient vehicles? The San Diego Union-Tribune is looking for a business reporter who understands utilities, energy markets and the ...[Read More]
Wednesday, May 18th, 2011

Get low early-bird rate now for NYC fall workshop, Oct. 13-14 PHOENIX, June 6, 2011 – Early-bird registration is now open for SABEW's return to the City University of New York Graduate School of Journalism this autumn for its annual Fall Workshop, Oct. 13-14. It opens with a reception Thursday, Oct. 13, featuring these top editors: Stephen Adler (Reuters), Robert Thomson (Dow Jones) ...[Read More]
Tuesday, May 17th, 2011

Studies on the state of public pensions

Strong Investment Gains and Legislative Changes Speeding Public Pension Recovery At the end of calendar year 2010, aggregate state and local government retirement system assets totaled $2.93 trillion, a 35 percent increase from their quarterly low point during the market collapse. These asset levels are also nearly 25 percent higher than they were on June 30, 2009 – a date on which many recent ...[Read More]
Tuesday, May 17th, 2011

The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs

Pew Study Finds Shortfall in States’ Retirement Systems Washington, D.C. - 04/25/2011 - The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside grew to at least $1.26 trillion in fiscal year 2009, resulting in a 26 percent increase in one year, according to a report released today by the Pew Center on the States. The report’s ...[Read More]
Tuesday, May 17th, 2011

SABEW Public Pensions Seminar Speakers

Kirk Adams Kirk Adams is an advocate of conservative politics and small business. During his tenure representing Maricopa County's East Valley in the Legislature, Adams has advocated an aggressive agenda of reform and job creation. His legislative efforts include: health care reform; pension reform; initiative reform; tax reform; CPS reform; and transparency in government. Adams, a husband, ...[Read More]
Monday, May 16th, 2011

Public pension reform, not public-worker bashing

Column By Michael Hiltzik, Los Angeles Times May 15, 2011 Here's what we know for certain about the public pension crisis facing California: The obligations owed or promised to public workers are growing, and unsustainable. Almost everything else said about public employees and their retirement packages is open to question, misleadingly simplified, or infected with ideology, partisanship or ...[Read More]
Monday, May 16th, 2011

SABEW special institute to focus on public pensions

View a slideshow of the seminar. View biographies of public pension seminar fellowship recipients. View biographies of SABEW public pension seminar speakers. Read public pension stories by SABEW seminar participants. Read national news stories about public pensions. Read Warren Watson's column on the upcoming SABEW public pension seminar. Read the latest studies on the state of ...[Read More]
Friday, May 13th, 2011

CBO: Public pension plans should change reporting, contribution methods

By Hazel Bradford, Pensions & Investments May 5, 2011, 3:34 PM ET State, county and municipal pension plans should use fair-value accounting and change how they determine contributions, according to a Congressional Budget Office brief. The CBO brief, “The Underfunding of State and Local Pension Plans,” suggests that actuarial guidelines be replaced with a fair-value approach that uses a ...[Read More]
Thursday, May 12th, 2011

SABEW 2011 Spring Conference slideshow

...[Read More]
Wednesday, May 11th, 2011

SABEW 2011 Spring Conference slideshow See a retrospective slideshow of SABEW’s 2011 Spring Conference in Dallas, April 7-9. (Photos by Stuart Palley.) The annual business journalism conference included keynote addresses by government and business leaders. SABEW’s annual Best in Business winners were also honored. WATCH THE SLIDESHOW...[Read More]
Wednesday, May 11th, 2011

SABEW member papers win SDX awards

Honored in deadline reporting, investigative reporting....[Read More]
Tuesday, May 10th, 2011

BP seeks dismissal of pension fund claims over oil spill

By Bloomberg BP PLC asked a judge to throw out investor claims that management downplayed safety risks before and after its Macondo oil well blew out in the Gulf of Mexico last year, causing billions of dollars in stock market losses. The company also asked U.S. District Court Judge Keith P. Ellison to restrict any surviving investor fraud claims to owners of BP American depository receipts, ...[Read More]
Monday, May 9th, 2011

SABEW special institute to focus on public pensions

Column By Warren Watson, SABEW Executive Director As the recession dragged on last year, the Pew Center on the States estimated there is at least a $1 trillion gap between what our 50 states are setting aside for public employees retirement benefits and how much those benefits will cost in their entirety in the future. The worsening problem became a campaign issue. An expert at Northwestern ...[Read More]
Monday, May 9th, 2011

SABEW public pension reporting resources View biographies of public pension seminar fellowship recipients. View biographies of SABEW public pension seminar speakers. Read national news stories about public pensions. Read public pension stories by SABEW special reporting institute participants. Read the latest studies on the state of public pensions. Download the PDF list of seminar ...[Read More]
Monday, May 9th, 2011

SABEW Teletraining: Covering the Runup (and Down) in Gasoline Prices Join SABEW for a training call on what is shaping up to be the business story of the summer: rising gasoline prices. This call will offer up access to the experts who are tracking gas prices and their impact on consumers, the economy and local communities. You'll also get tips from energy journalists about how to cover and localize ...[Read More]
Monday, May 9th, 2011

Covering the Runup (and Down) in Gasoline Prices

Join SABEW for a training call on what is shaping up to be the business story of the summer: rising gasoline prices. This call will offer up access to the experts who are tracking gas prices and their impact on consumers, the economy and local communities. You'll also get tips from energy journalists about how to cover and localize this important story. Covering the Runup (and Down) in Gasoline ...[Read More]
Monday, May 9th, 2011

College Connect: It’s Spring break –Let’s make some money!

By Alex Missick Life, as an International Student Spring break is that time of the year that students are ready to throw in the towel on midterm exams and get some much needed rest and relaxation from a hectic spring semester. Figuring out what to do with one free week can be a challenge, especially when money is tight. However, if you make the right moves you can put some extra change in your pockets ...[Read More]
Thursday, May 5th, 2011

SABEW survey to gauge how business journalists use social media CHAPEL HILL, N.C., May 5, 2011 -- The Society of American Business Editors and Writers is conducting an anonymous survey of business journalists throughout the country to determine how they use social media technology such as Twitter, Facebook and blogs. The results of the survey will be made available to all SABEW members by the ...[Read More]
Thursday, May 5th, 2011

SABEW survey to gauge how business journalists use social media

SPECIAL to SABEW CHAPEL HILL, N.C., May 5, 2011 -- The Society of American Business Editors and Writers is conducting an anonymous survey of business journalists throughout the country to determine how they use social media technology such as Twitter, Facebook and blogs. The results of the survey will be made available to all SABEW members by the end of June on the organization’s web site. ...[Read More]
Thursday, May 5th, 2011

Financial crisis, increasing transparency mean more Fed coverage

Fed's 1st public presser spurs new media focus....[Read More]
Wednesday, May 4th, 2011

Arizona lawmakers OK bill on public pensions systems

By Craig Harris The Arizona Republic The state Senate has sent sweeping changes to Arizona's public retirement systems to Gov. Jan Brewer for her likely signature into law, but a public employees' lawsuit challenging the reforms looms on the horizon. Arizona is at least the 11th state this year to make changes to its public-pension programs as states across the country are struggling with the ...[Read More]
Tuesday, May 3rd, 2011

State Pensions and Retiree Health Benefits: The Trillion Dollar Gap

$1 trillion. That’s the gap at the end of fiscal year 2008 between the $2.35 trillion states had set aside to pay for employees’ retirement benefits and the $3.35 trillion price tag of those promises. Why does it matter? Because every dollar spent to reduce the unfunded retirement liability cannot be used for education, public safety and other needs. Ultimately, taxpayers could face higher taxes ...[Read More]
Tuesday, May 3rd, 2011

College Connect: Jumping into financial risk when benefits changed

By Robert W. Johnson In the Army, working in a lab full of electronic geeks at a foreign base full of Airborne Rangers, it was not uncommon to hear someone in my unit say: “Why would I want to jump out of a perfectly good airplane?” There were injuries in jumps all the time. Sometimes one guys parachute would “steal the air” from the guy above him and his ‘chute would collapse. ...[Read More]
Tuesday, May 3rd, 2011

New York Times’ Diana Henriques to chat live about her new Madoff book

SABEW board member wrote 'The Wizard of Lies'...[Read More]

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