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The Fiscal Times is a New York-based online news organization that covers financial news and economic issues.
The Fiscal Times was founded and initially funded in late 2009 by Pete Peterson, an investment banker and former U.S. commerce secretary. The Times planned to launch as a nonprofit but registered as a for-profit organization in order to be able to write more opinionated pieces about candidates and bills.
The Times has two staff editors and dozens of contributing reporters and bloggers.
The Times launched with a content-sharing agreement with The Washington Post, which ran its first article by the group in December 2009. That article, on a proposed bipartisan debt commission, was criticized for Peterson’s outspoken opposition to national debt, and for containing a quote by the director of an organization that receives funding from Peterson’s foundation. Critics admonished both organizations for a lack of transparency, but the partnership remains intact.
OpenFile was a user-driven local news site based in Toronto, with affiliates in five other Canadian cities, Montréal, Calgary, Ottawa, and Vancouver, and Halifax. OpenFile was founded by Canadian journalist Wilf Dinnick in May 2010. The site relied on users to direct its news coverage, inviting them to start a “file” (the site’s founders chose the term to…