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As the man who oversees about $20 billion of fixed-income investments at American Century Investments, we revisited with Keegan as part of today’s The Game column on the recurring foibles of Wall Street. Deal Journal: You were right back in April. You called it all. Why does Wall Street keep messing up? Jim Keegan: It’s too profitable to stop. It’s too profitable at the individual level, so the individuals interests are not necessarily aligned with the company’s interest. Pay me now and you pay for it later. There is no clawback. Employees can walk away with hundreds and tens of millions of dollars. And someone else will hire them to do it again.

April 4, 2007    

Perhaps the most dramatic – and revealing – recent move was to hire a handful of well-known journalists to do old-fashioned reporting. “Our goal,” Ms Huffington says, “is basically to become an online newspaper”.

we mused over the perceived legitimacy you can create via a nice website, concluding that in effect, without a solid online presence you don’t exist in today’s media environment. You may not have a definite physical location, but not to worry, a nice website is more or less a substitute. The location is becoming more and more peripheral to the website. Not to say location isn’t important.. it is a nice feather in an organization’s online cap.

Fake Steve Here, Fake Steve There

Consider the evidence uncovered by Paul Oyer, a Stanford Business School economist, in his recent paper, "The Making of an Investment Banker: Macroeconomic Shocks, Career Choice and Lifetime Income" (National Bureau of Economic Research Working Paper 12059, February 2006). Dr. Oyer tracked the careers of Stanford Business School graduates in the classes of 1960 to 1997.He found that the performance of the stock market in the two years the students were in business school played a major role in whether they took an investment banking job upon graduating and, because such jobs pay extremely well, upon the average salary of the class. That is no surprise. The startling thing about the data was his finding that the relative income differences among classes remained, even as much as 20 years later.

Welcome to NewAssignment.Net by Jay Rosen on August 19, 2006 - 10:41pm. What is NewAssignment.Net? New Assignment.Net is a non-profit site that tries to spark innovation in journalism by showing that open collaboration over the Internet among reporters, editors and large groups of users can produce high-quality work that serves the public interest, holds up under scrutiny, and builds trust.

Nearly four-in-ten people (37%) regularly use at least one type of internet news source, either the news pages of major search engines such as Google or Yahoo (25%), the websites of the television news organizations (22%), or the websites of major national newspapers such as the New York Times or USA Today (12%). Additionally, about one-in-ten (11%) read online blogs where people discuss events in the news.

Which Audiences Know the Most?