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In the 1980s, real estate developer and banker Charles H. Keating
executed one of the largest savings and loans frauds in United
States history. Keating had long used the courts to muzzle critical
reporting of his business dealings, but aggressive reporting by a
small trade paper called the National Thrift News helped bring down
Keating and offered an inspiring example of business journalism
that speaks truth to power. Rob Wells tells the story through the
work of Stan Strachan, a veteran financial journalist who uncovered
Keating's misdeeds and links to a group of US senators-the Keating
Five-who bullied regulators on his behalf. Editorial decisions at
the National Thrift News angered advertisers and readers, but the
newsroom sold ownership on the idea of investigative reporting as a
commercial opportunity. Examining the National Thrift News's
approach, Wells calls for a new era of business reporting that
can-and must-embrace its potential as a watchdog safeguarding the
interests of the public.
In the 1980s, real estate developer and banker Charles H. Keating
executed one of the largest savings and loans frauds in United
States history. Keating had long used the courts to muzzle critical
reporting of his business dealings, but aggressive reporting by a
small trade paper called the National Thrift News helped bring down
Keating and offered an inspiring example of business journalism
that speaks truth to power. Rob Wells tells the story through the
work of Stan Strachan, a veteran financial journalist who uncovered
Keating's misdeeds and links to a group of US senators-the Keating
Five-who bullied regulators on his behalf. Editorial decisions at
the National Thrift News angered advertisers and readers, but the
newsroom sold ownership on the idea of investigative reporting as a
commercial opportunity. Examining the National Thrift News's
approach, Wells calls for a new era of business reporting that
can-and must-embrace its potential as a watchdog safeguarding the
interests of the public.
When Willard M. Kiplinger launched the groundbreaking The Kiplinger
Washington Letter in 1923, he left the sidelines of traditional
journalism to strike out on his own. With a specialized knowledge
of finance and close connections to top Washington officials,
Kiplinger was uniquely positioned to tell deeper truths about the
intersections between government and business. With careful
reporting and insider access, he delivered perceptive analysis and
forecasts of business, economic, and politics news to busy business
executives, and the newsletter's readership grew exponentially over
the coming decades.More than just a pioneering business journalist,
Kiplinger emerged as a quiet but powerful link between the worlds
of Presidents Hoover and Roosevelt, and used his Letter to play a
little-known but influential role in the New Deal. Part journalism
history, part biography, and part democratic chronicle, The Insider
offers a well-written and deeply researched portrayal of how
Kiplinger not only developed a widely read newsletter that launched
a business publishing empire but also how he forged a new role for
the journalist as political actor.
When Willard M. Kiplinger launched the groundbreaking The Kiplinger
Washington Letter in 1923, he left the sidelines of traditional
journalism to strike out on his own. With a specialized knowledge
of finance and close connections to top Washington officials,
Kiplinger was uniquely positioned to tell deeper truths about the
intersections between government and business. With careful
reporting and insider access, he delivered perceptive analysis and
forecasts of business, economic, and politics news to busy business
executives, and the newsletter's readership grew exponentially over
the coming decades.More than just a pioneering business journalist,
Kiplinger emerged as a quiet but powerful link between the worlds
of Presidents Hoover and Roosevelt, and used his Letter to play a
little-known but influential role in the New Deal. Part journalism
history, part biography, and part democratic chronicle, The Insider
offers a well-written and deeply researched portrayal of how
Kiplinger not only developed a widely read newsletter that launched
a business publishing empire but also how he forged a new role for
the journalist as political actor.
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