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  • 3 December 2009 | {CATEGORY}

    In decline, financial journalism needs experienced guts

    Financial journalism is rife with conflicts that create ever more “on-the-one-hand,” “on-the-other-hand” dilemmas. On the one hand, the growing global sophistication of the public relations and lobby machine means journalists need to rely on what City University's Financial Journalism professor Steve Schifferes calls their gut feeling. And on the other hand, experienced guts are in short supply in a cash-strapped industry that increasingly replaces seasoned reporters with cheap young hacks. 

 With so many contradictions to battle and pitiful (if any) funds for ammunition, how much can journalists actually do to expose economic cycles that are so much bigger than any of us?