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02 Nov 2010 10:45

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Biz: Rupert Murdoch’s paywall test doing (slightly) better than expected

  • 105k number of subscribers the Times of London has for its paywall-enforced Web sites
  • 100k number of print subscribers who also get online subscriptions as part of the deal
  • 42% the decline in the paper’s online traffic, which is much less than the 90 percent estimated source
  • » So is it a success? Depends on your definition of success. While the paper certainly is doing better than other strict paywall models (looking at you Newsday, which we did a whole tongue-in-cheek series on a while back), it isn’t exactly killing it. What the 105,000 number doesn’t tell you is that only half of those subscribers are regular readers – which, for a paper of its size, is kinda low. It’ll be interesting to see what happens when the New York Times goes paywall starting next year.

02 Nov 2010 10:29

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Biz: BP somehow posts profit, despite massive Gulf Oil Spill cost

  • $40
    bilion
    the amount BP has set aside for paying for this oil spill (over two separate quarters) – bigger than many countries’ GDP
  • $1.79
    billion
    the company’s profit third-quarter profit, despite a $7.7 billion spill-related charge – it’s insanely impressive they have one at all source

02 Nov 2010 10:17

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World: Russia, Japan having hissy fit over group of tiny islands

  • cause Russian president Dmitry Medvedev visited a group of tiny islands in the massive country’s far east whose ownership is also claimed by Japan.
  • reaction Japan totally freaks out, calling back their ambassador to Russia, saying Medvedev’s visit was “regrettable” because it happened even after warnings. source

02 Nov 2010 10:08

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Biz: Futurist Ross Dawson: Newspapers dead in the U.S. by 2017

  • Leading futurist Ross Dawson has a message for you print jockeys out there: Find another medium that doesn’t involve dead trees. The dude created a handy-dandy chart explaining how we won’t read newspapers in the U.S. in another seven years. But on the plus side, if you’re a member of the Argentinian press, your papers will still be relevant into 2039. Food for thought. Plus this guy is a futurist which means he can see into the futureeeeeeeeeeee. oooh. source

02 Nov 2010 09:57

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Politics: Ed Rendell on Obama: “expectations were unreasonably high”

  • I think expectations were unreasonably high for Barack Obama. He took over the presidency, Harry, facing the worst set of problems not of his own making that any American president has faced in the last 50 years.
  • Pennsylvania Gov. Ed Rendell • Explaining (on “The Early Show” with Harry Smith and Maggie Rodriguez) the big problem Democrats have faced over the last two years. They have a president who has actually done stuff but the American people are either unaware or misinformed about what it is he did. (See: The Obama tax cuts nobody felt.) “We’ve got to learn to explain and communicate what we’ve done and what we want to do a lot more clearly and a lot better than we have,” Rendell said. While it’s too early to say whether or not Rendell’s assessment means big losses tonight (let the polls speak for themselves, kids), it’s one of the more honest assessments of the communication problems the Democrats have had recently. source

02 Nov 2010 09:44

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U.S.: Today’s midterms already broke a pretty major record

  • 16 million early ballots already cast before the day started source
  • » And possibly an all-time record, too: The tally of early ballots looks to get very close to 2008’s record. Will it top it? Either way, it’s a record for a midterm election.

02 Nov 2010 01:22

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Politics: Famous last words before heading into tomorrow’s midterms

  • Just as the conditions promising at least a pretty bad Democratic year have been with us for some time, the uncertainty has been with us all along as well, like a virus with an exceptionally long latency period; on Tuesday, we’ll see which of the polls it has infected.
  • FiveThirtyEight guy Nate Silver • Offering a key piece of final analysis that we should probably take into the elections today. While the polls have largely remained consistent about how many seats the Democrats will lose and the Republicans will gain, it’s good to keep at least a little bit of perspective no matter how you lean. Remember, back in 1994 the analysts were relatively consistent too, but in the end, the Republicans did way better than most of them expected – by a long shot. No matter the case, you should probably get out there and vote your heart out for both the ballot measures and the candidates – unless you live in DC and know the results of every election already. We’ll have lots of key results from our non-existent glass-enclosed nerve center at a late-night coffee shop in Dupont Circle tomorrow night. source
 

02 Nov 2010 00:56

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U.S.: Unemployed woman receives letter from Obama, sells it to get by

  • sad One of millions of people in dire economic straits, Jennifer Cline and her husband lost their jobs in 2007. Then she got two types of skin cancer.
  • uplifting Cline wrote a letter to Obama telling him of her optimism despite her tough situation. Obama responded personally. It was big news.
  • sad Months later, Cline, still in dire straits, is selling the letter for $7,000 to pay for a mortgage and medical bills. Hard knocks suck. source