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August 28 2011

17:10

New York Times' DealBook: an investor perspective but for whom else?

New York Times :: When the world economic system shuddered and stock markets dropped, Arthur S. Brisbane, New York Times, was left wondering whether The Times should have spent its money not on expanding DealBook but on enlarging its stable of journalists aimed at the wider subjects of international banks and sovereign debt.

New signs of systemic disease emerged last week, particularly in Europe, where the European Central Bank rushed to shore up Italian sovereign debt. Although DealBook ran a couple of columns calling attention to this threat, the developments made clearer that this subject requires in-depth investigating of a complex ecosystem whose inner workings may be just as opaque as the derivatives-larded American banking network that imploded in 2008.

DealBook might help The Times build a niche audience online, but it isn’t designed to address broader issues like this. 

Continue to read Arthur S. Brisbane, www.nytimes.com

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