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If the picture in your head of the World Economic Forum’s annual meeting in Davos is one of Great Gatsby-esque parties of caviar, champagne and dancing after midnight then you’d be right – but only at the fringes. There are hundreds of talks, dozens of parties and numerous other events, only a small handful of which are over the top. Most are a pleasant backdrop to one of Davos’s primary pursuits: learning. Learning about trends in other industries, learning about the latest thinking in academia, business and policy and learning from others about how they overcome their biggest challenges.
In a way, Davos is a deeply individual experience, as everyone selects a unique combination of events, leading to a wide array of interactions. What you take away from Davos is equally individual. To me, the learnings from this year’s WEF were primarily about what the world’s most ambitious companies are doing: (more…)
On Wednesday, Reuters exclusively reported that as Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular. Reuters worked with the Brookings Institute’s John Hudak to analyze federal spending data and found that between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti-drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing states like Ohio dropped by 25 percent. In a Reuters Best: Journalist Spotlight Q&A, political correspondent Andy Sullivan offers a behind-the-scenes look at how he scored the exclusive.
Q. How did you get started on this story?
A. There’s a lot of fascinating political science research out there that doesn’t get enough attention. After the 2014 midterm elections, I stumbled on a book-length study by John Hudak of the Brookings Institution arguing that presidents are just as likely to engage in pork-barrel spending as members of Congress. It was pretty dense (I had to read it two or three times to understand it), but the basic premise was eye-opening. The book only covered activity through the 2011 fiscal year – since then we’ve had steep budget cuts, a re-election campaign and a ban on earmarks in Congress. I was curious to see whether “presidential pork” has continued since then.
Q. What types of reporting/sourcing were involved?
A. First, I had to convince Hudak to spend a few weeks updating his data and provide it exclusively to us. As it turns out, he was frustrated that his research wasn’t getting the attention it deserved, so he was happy to do so. I spent a few days building spreadsheets of my own, trying to figure out a way to tell the story in more concrete terms. I reached out to lawmakers in Congress who worry that the earmark ban has given too much power to the Obama administration, as well as lobbyists and advocates who try to secure these grant dollars.
Q. What was the hardest part about reporting this story? (more…)
The Chinese economy grew at its slowest pace in 24 years in 2014. Provinces have in response lowered their GDP targets for 2015, with Shanghai eliminating its target altogether. Today’s graphic tracks the growth targets across Chinese provinces.
Earlier this month at the 20th annual Thomson Reuters International Financing Review (IFR) awards gala dinner, £1,164,240 was pledged to Save the Children, the global charitable organization that works to save and improve the lives of some of the world’s most vulnerable children. During the evening’s proceedings, senior representatives of the world’s leading investment banks pledged money to Save the Children via an interactive charity bidding board. Morgan Stanley topped the list of contributors with a phenomenal bid of £630,000, the largest ever Bookrunner bid to Save the Children in 20 years of IFR Awards history.
The dinner, organized by IFR, was attended by over 1,000 senior investment bankers.. The event is recognied as the key awards ceremony for global financiers and is Save the Children’s largest single annual fundraiser.
IFR award winners for 2014 include: (more…)
Reuters TV is a forward-thinking service that’s on-demand, up-to-date, relevant and mobile – putting users in control of what they watch and when they watch it. Get ready for the release for iPhone users in the U.S. and UK later this month. We recently caught up with Reuters TV Senior Producer in Asia Sarah Charlton who gave us a look into how stories are produced.
Can you tell a bit more about your role as a senior producer for Reuters TV?
As a senior producer it’s my job to work closely with my editorial colleagues and determine which stories we cover and how we produce them, while ensuring our team hits deadlines to get content out quickly. That means liaising with my text and TV colleagues, commissioning reports and also keeping across the big and breaking news. In Asia, we have a huge region with different time zones and complications, which makes the job all the more challenging and exciting. Reuters TV is a great way for us to tap into expertise and insight from across such a wide area, and to get those stories/people on camera. I’m a point of contact – but only one part of a large and diverse team. I’m fortunate to work with some very talented writers/producers/editors who know how to script visual stories which pack a punch.
What’s been your favorite story to cover so far with Reuters TV? Why?
Apple smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season, powering the company with an $18 billion profit, the largest in corporate history. Today’s graphic looks at Apple’s rise in net profit and revenue, as well as the company’s revenue breakdown by region.
At Thomson Reuters, our customers find value in innovative products and solutions. Every year, we file patents for inventions our employees create to enhance the experience in how our content is consumed. Meet Scott Daup, architect, Mobile Technology & Advanced Product Innovation; Dan Bennett, vice president, Enterprise Data Services, Platform group; and Jose Hernandez, lead iOS engineer, Mobile Mobile Technology & Advanced Product Innovation. These inventors submitted a patent for an invention that makes it easier for customers to find their way across the deep and complex content via the table of contents in the ProView eReader.
Learn more about Thomson Reuters ProView.
Here are some of the best video clips from the World Economic Forum annual meeting in Davos:
ECB quantitative easing won’t save the euro zone economy – Roubini
Even if the European Central Bank embarks on quantitative easing it’s unlikely to either boost the economy or tackle deflation, says NYU Economics Professor Nouriel Roubini. What’s needed is a massive fiscal stimulus, which Germany won’t agree to. (more…)