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USA Edition | Today Is Monday, May 20, 2013 |
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Welcome To Newsroom Magazine
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Thanks To You We're Growing Faster Than Ever Before
Chances are you've noticed that Newsroom Magazine is a very different publication.
We care about journalism -- and we're well aware many other organizations do it far better than we.
Our editorial standards, rules of custody, and skeptical editing for everything we produce, disseminate or expose to public viewing reflects a seriousness of purpose.
Six years after our founding, Newsroom Magazine continues to evolve the online publishing and preservation model we pioneered.
There is good news to share: Newsroom Magazine is is thriving.
And some less good news: Our limited resources, both journalistically and financially, are limiting our expansion of content.
Online News Preservation
In the six years since its founding, Newsroom Magazine has extended the field of news publishing into previously uncharted areas.
We take a long range view of news -- one that considers both timeliness and historical merit.
What we do, and how we do it, was not possible in the print media era -- for our content is both timely and timeless in the sense that we share the power of immediacy with all online media plus the perseverance of an encyclopedia.
Newsroom Magazine's publishing model goes beyond immediacy -- for unlike the newspaper era -- what we publish is permanently preserved. And tagged, indexed, and constantly updated by automated sitemap sharing with Google, Yahoo, Bing, Yandex, Baidu, Sogou, Ewatch, Alexa, Facebook, and others at home and far away.
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Newsroom Magazine content remains forever online, searchable and accessible 24 hours a day worldwide.
What's Hot Is Rarely What Matters
What we publish today is rarely as timely as the more traditional publications and online newspapers. What we choose to publish, sometimes days or months after a story first breaks, or on a subject neglected by most commercial media, is chosen to reflect one aspect of an ongoing reality for long term preservation.
From a handful of English-only readers when we published our first article -- the 1958 Edward R. Murrow speech before the Radio Television Directors Association in Chicago -- we have grown and wizened about our responsibilities to our readers and our own limitations and shortfalls.
Our most read article so far this year, The Adventures Of Bernie In Wonderland, was published November 23rd, 2009. The article consists of the unexpurgated SEC interview of Harry Markopolos in the Bernie Madoff Ponzi swindle case. It is not very interesting reading and it is very long -- but we published it in the belief that what it revealed was important and unlikely to remain online in its original format.
Newsroom Magazine's Storehouse Grows Every Day
The number of publications who devote themselves to publishing credible, responsible and probative content for posterity has dwindled.
Today Newsroom Magazine publishes a storehouse of credible, probative and relevant content -- well over 5000 articles including commentaries, essays, definitions, photographs, stories, reviews, discussions, tutorials, and logical explanations.
Our readership is nearly three times was it was only last year. Few might come to our content for entertainment -- for our purpose is otherwise.
If You Publish, They Will Come
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Some of the world's most prestigious news organizations use Newsroom Magazine for fact-checking.
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The amount of official news proffered each day by government, whether at home or abroad, is accelerating. Some of it newsworthy, most of it not.
Our job is to thoughtfully choose what's worthy of the attention of our readers.
About 1% of government issued news we receive each day qualifies as newsworthy. Only the most relevant, or reflective of government at its best, or at its worst, or evidence of overreach, or ineptitude makes it newsworthy.
We leave the issue of deciding which if any of these qualifications applies to what we publish up to the reader.
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All of our government news content includes above the headline call out meant to convey the principal facts, action or information for those with little time to read a long document.
Our job is to carefully and skeptically choose relevant governmental content for our readers -- and to include the unexpurgated original source material, whose chain of custody we control.
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Our commitment to time-honored journalistic standards and a clear statement about the ethics to which we agree to be held today and tomorrow, Newsroom Magazine began publication when the Internet was young -- 2006.
Our prime mission then, as now, is to publish non political ideas, definitions, essays and editorials.
To speak to the state of this honorable calling.
And to inform the public about those things, events and ideas that matter most to us all.
Today, tomorrow, forever.
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Sri Lanka has achieved notable progress on a number of economic fronts over the past few years: growth has been robust, inflation has declined from high double digits, fiscal and external consolidation is underway, and the Standby Arrangement was successfully completed.
Washington
IMF Concludes 2013 Article IV Consultation Mission to Sri Lanka
February 13, 2013
A staff mission led by Mr. John Nelmes visited Colombo January 30 – February 13 to conduct discussions for the Article IV consultation—the IMF’s regular exchange of economic views with each of its member countries—and to discuss possible financial support for Sri Lanka’s economic reform agenda under an Extended Fund Facility. The mission met with government and Central Bank officials, as well as representatives of civil society and the private sector. The mission issued the following statement at the conclusion of its visit:
“Sri Lanka has achieved notable progress on a number of economic fronts over the past few years: growth has been robust, inflation has declined from high double digits, fiscal and external consolidation is underway, and the Standby Arrangement was successfully completed. The economy continues to adjust to the bold policy measures undertaken by the authorities early last year to address emerging imbalances. Credit growth and domestic demand have slowed to a more sustainable pace, the trade deficit has narrowed, and a small balance of payments surplus was achieved last year. At the same time, external demand was undermined by continued weakness in the global economy, and agriculture production was hampered by drought that prevailed for much of 2012. As a consequence, real GDP growth is estimated to have slowed to 6 percent last year, and inflation rose to upper single digits.
Real GDP growth is projected to increase to around 6¼ percent in 2013. The recovery will likely be constrained by the need to continue fiscal consolidation; high inflation, which limits the room for near-term monetary easing; and a continued slow recovery in Sri Lanka’s main trading partners, particularly the U.S. and E.U. An excess supply gap is expected to emerge, which should contribute to reducing inflation pressures through the year. The mission agreed with the authorities that lowering inflation to mid-single digits in coming years would bolster macroeconomic stability. This, along with structural reforms to enhance productivity and competitiveness, would support robust growth over the medium term.
The mission welcomed the authorities’ commitment to continued fiscal consolidation, given public debt levels remain elevated. In 2012, the budget deficit was kept close to the target of 6¼ percent of GDP through expenditure restraint and delays in cash payments. The plan to reduce the deficit to 5¾ percent of GDP this year is appropriate. However, tax revenues have now fallen to below 11½ percent of GDP, among the lowest in the region, reflecting slowing activity, falling imports, exemptions and issues with tax administration. In the view of the mission, measures are needed to broaden the revenue base and strengthen administration to support fiscal consolidation, which would otherwise rely too much on reductions in spending, especially capital spending, which would have the potential to undermine medium-run growth. The mission also emphasized that social-sector spending should continue to be protected. The mission discussed the financial performances of the Ceylon Electricity Board and Ceylon Petroleum Corporation, which were adversely affected by last year’s drought, and emphasized the need to move toward cost recovery pricing to place them on a sustainable footing.
The mission and the authorities explored the possibility of a new IMF program designed to build on Sri Lanka’s achievements under the SBA. Productive discussions took place on a number of issues, including further fiscal and related reforms that would consolidate and extend these achievements. The authorities agreed on the broad thrust of reforms, and noted that they already had plans which they would undertake at the appropriate time. The mission and the authorities will stay in close touch and continue the close partnership between Sri Lanka and the IMF.