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We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Nieman Reports / Mary Ellen Klas / Sep 23
“There is no academic research to measure the impact in the decline of journalism on corruption, but finance professors at the University of Illinois at Chicago and the University of Notre Dame found data that shows what it costs taxpayers. Their conclusion: when newspapers close, the loss of government monitoring can substantially increase the cost of local government for taxpayers. They found that with fewer watchdogs government salaries rise, deficits increase, and borrowing costs go up by 5 to 11 basis points. In dollar terms, an additional 10 basis points increases the cost of an average bond issue by $650,000.”
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