James Fallows wonders how one can save the news and Google’s role in it :: The problem Google is aware of involves the disruption still ahead. Ten years from now, a robust and better-funded news business will be thriving. What next year means is harder to say. I asked everyone I interviewed to predict which organizations would be providing news a decade from now. Most people replied that many of tomorrow’s influential news brands will be today’s: The New York Times, The Wall Street Journal, the public and private TV and radio networks, the Associated Press. Others would be names we don’t yet know. But this is consistent with the way the news has always worked, rather than a threatening change. Fifteen years ago, Fox News did not exist. A decade ago, Jon Stewart was not known for political commentary. The news business has continually been reinvented by people in their 20s and early 30s—Henry Luce when he and Briton Hadden founded Time magazine soon after they left college, John Hersey when he wrote Hiroshima at age 32. Bloggers and videographers are their counterparts now. If the prospect is continued transition rather than mass extinction of news organizations, that is better than many had assumed. It requires an openness to the constant experimentation that Google preaches and that is journalism’s real heritage.
Shift Developments is moving into the old location of Joe’s Cycle on 20th Street :: He plans to turn it into his company’s head office and the location of several like-minded small businesses involved in everything from graphic and website design to furniture design to engineering. "I’m going to be kind of bringing together a lot of these forward-thinking businesses, people who are concerned about how our city is growing and developing in the coming years, into one facility,” said Olson.
The Globalist tackles Europe’s long term debt crisis :: According to most long-term projections, by 2050, the world’s largest economies will include China, India and the United States. What is receiving far less attention is that Europe’s share of G20 GDP will be more than halved from 25% in 2009 to about 10% in 2050. Such a vital decline of economic power will inevitably result in a concomitant decrease of political power. :: Speaking of debt, the Americans have some debt issues themselves.