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Joshua Amir, DarrynFitzgerald, Sasha Resende,
Annie Rossetti
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NPR
National Public Radio
Privately supported, non-profitmembership organization
2% of funding comes from FederalGovernment grants
Primarily listener supported
26.4 million weekly listeners
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Radio as a medium
Limitations Funding
Listener demographic limitation
Active vs. passive audience Compete with outside distractions
Lacks visual/multimedia components
Advantages Pull technology
Reach 99% of U.S. population have access to at least one
NPR station
Economic advantagesFree
Active vs. passive audience
Simplified, personal, story-telling element, tones convey
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Foreclosures Rise with Slowing H
Morning Edition, aired March 10, 2006
Effective questions from reporter: Why would a bank be so eager to lend money to someone who is at
high risk for not being able to pay back a loan of the size they mightbe making in an inflated market?
Predicts the housing market crisis
Reporters reiterates and rewords important points from theinterview to direct audience attention
Not as personal as story could be I've just helped a lady recently, a 57-year-old African-American
divorced mother with a 14-year-old child. She bought a home inAugust of '04 and was foreclosed on this very last Tuesday.
could have interviewed someone directly affected by foreclosure Inskeep does not summarize the story, provide contextual
background, or use multiple interviews to enhance story
Very short could be due to high number of listeners and need tokeep stories to a minimum length
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Subprime Mortgage Concerns RattleMarkets
Morning Edition, Aired March 14, 2007 Effective Early Reporting
Clear Description of subprime mortgages, practices, and concerns Lending and burrowing principles
Case Studies New Century Financial
Federal Grand Jury and S.E.C. to investigate records,loans
Country Wide Financial Liquidity crisis
Consequences 240 point fall in Dow Jones Industrial Wall Street stopping credit
Expert Reporting Nigel Gault, Global Insightdiscusses frozen lending
"Loans that were made in 2005 and 2006, withhindsight, were bad loans...the market is nowcorrecting. And it may be be a painful correction.
Flaws Where do we go from here? How does the market recover?
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Does Bear Stearns Bailout Set a Bad Precedent?
All Things Considered, Aired 25 March 2008
Features an interview with Russell Roberts, aprofessor of Economics.
o Russells is an objective sourcebecause he had no stake in the BearStearns bailout.
Interview is very straight-forward and clear.
Takes a very complex issue and deconstructs itfor the average NPR listener to understand.
Timeliness and Effectiveness
o Interview broadcast 9 days after theFederal Reserve Bank of New Yorkfacilitated the buyout of Bear Stearnsby JP Morgan Chase.
o Russells foreshadows Lehman Brothersfuture assumption that the federalgovernment would bail them out andfacilitate a buyout by Bank of Americaor Barclays.
o Addresses relevant issues, while also
highlighting the future implications ofpresent measures
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Coverage On the Day the Crisis Hit
All Things Considered, Aired September 15, 2008
On the day that Lehman Brothers filed bankruptcy, All Things Considereddevoted three entire reports to the ensuing financial storm.
Paulson Tries to Calm Nerves on Wall Street
Story is very compact, with lots of quick facts and terms that maybe confusing to listeners.
Bank of America Buys Merrill Lynch for $50B
Balances host Jim Zorrolis straight-forward descriptions with bitsof financial facts from various Wall Street and academiccommentators
Can satisfy both its business-savvy audience and less business-oriented listeners.
AIG Gets OK To Borrow From Subsidiaries
Interview with senior writer for Business Week, an objectivesource. However, she assumes a certain amount of knowledgefrom the listeners.
Strengths
Overall, NPR did a good job of breaking down the most importantissues on this news-packed day.
Gave a comprehensive analysis of ensuing financial downturn.
Flaws
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Expert: Despite Mixed News, Ec
All Things Considered, Aired October18, 2009
Reporter asks pointed questions that
explain the disparity betweennumbers in the market and thenations soaring unemployment rates
The stock market has been soaring
the Dow's up more than 50 percentsince March yet the unemploymentrate is still sky-high, hovering justbelow 10 percent.
Explains the current stage as astandard hase of recover .
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Continued Reporting and NPR.org
On the one-year anniversary of the September 2008
downturn, NPR.org created a special section on itswebsite titled Financial Crisis: On Year and Countingwhich organized the most relevant stories NPR broadcastin September 2009 to analyze the impact of the crash.
NPRs website features: Archive Organized programming
Radio playlists
Podcasts
Live streaming
Recommended programs
Good way to stay informed and find specific stories
Interactive media: Comment boards, multimedia
Showcases NPRs ability to adapt to new media technology andchanges in the consumption of news
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Planet Money: The Financial Crisis OneYear Later
Morning Edition, Aired September 7, 2009
Effective Ongoing Reporting
Summarizes major events and components leading up to September7, 2008
Subprime Mortgages, Bear Sterns, Fannie Mae, Freddie
Mac, Lehman Brothers, AIG Credit principles, histories, and analogies
Personal accounts
Davidson recalls how he covered the crisis on September 7, 2008
Discussion of where the economy is headed?
Consistent reliance on the government
Commercial real-estate concerns Format
Clear definitions of terms
Well paced for an engaging and informative segment
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Will the Global Economy Learn It
Morning Edition, aired 17 September 2009
Basic Question Posed: One year later, has the globaleconomy learned from its mistakes and made the
necessary changes to its business practices? Answer: Largely, no.
Breaks down the crisis and its global implications, relying onfinancial experts for sound bites and analysis.Commentators were objective and they laid out the grimrealities that await in the future.
Timeliness Reports news the people dont necessary wantto
hear, but that they needto hear.
Flaws Assumes knowledge of macroeconomic concepts
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