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financial journalism (GO)<br />The specialized reporting of financial and economic news. It had its origins in the reporting of prices in Antwerp and Venice in the sixteenth century and in Lloyd's List, founded in 1734. Newspaper articles on financial matters probably began in Great Britain, as London was the first major financial centre. Thomas Massa Alsager became the first financial editor of The Times in 1817, although the Weekly Register of Baltimore was a pioneer of US business journalism from 1811. Early reports concentrated on stock movements and banking liquidity but, with the participation of major economic writers in journalism, the financial press broadened its interests to an examination of home and foreign economies. The Economist was founded in 1843 by James Wilson (a former Financial Secretary to the Treasury), The Statist in 1873 by Sir Robert Giffen, Financial News in 1884 and the Financial Times in 1888 (the last two merging in 1945).<br /> Many leading economists, including KEYNES, SAMUELSON and GALBRAITH have regularly contributed to the press. This is one of the most demanding forms of journalism as a great deal of technical expertise is required, as well as personal integrity to resist the demands of many businesses and interest groups wanting favourable coverage.<br /><em>Reference</em><br />Parsons, W (1989) The Power of the Press, Aldershot: Edward Elgar.
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krugerrand (E5)<br />South African gold coin weighing one troy ounce (31.1 g).
Sharpe, William, 1934- (B3)<br />Educated at the University of California, Los Angeles, and professor of economics at Stanford University since 1970. He has developed the CAPITAL ASSET PRICING MODEL to examine portfolio risk into its systematic and unsystematic elements. In 1990 he shared the NOBEL PRIZE FOR ECONOMICS with MARKOVITZ and MILLER.<br /><em>See also:</em> beta
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Hybrid Mode
