Today, we want to step back and share three of our favorite investing principles to guide us through the end of the year and beyond.ġ) Know your toolkit: Each asset has a role to play Predicting where the market might be headed can be complex and overwhelming, but the real key to investing can be as simple as having perspective and sticking to your plan. So after a summer of market swings, it’s important for investors to remain focused on what matters. Nonetheless, the volatility reminds us that risks remain – around the knock-on effects of higher rates, debt dynamics, China and the list goes on. economy has been growing, inflation is cooling, some of the heat is coming out of the labor market, corporate earnings have been solid and firms are focusing more on the future with investments around AI, infrastructure and the like. Optimism around a “soft landing” for the U.S. Investors seem to be more focused on a brighter outlook ahead. Summer has been a lot, but in all, the S&P 500 is up +8% since the start of June (and +17% so far this year), despite the similar surge in bond yields. Our Top Market Takeaways for AugSpotlight: 3 principles to guide investorsĪugust slipped away. Two examples he cited were the Shawnee Mission Post, a digital site that covers a suburban county in Kansas, and the Richland Source, which covers north central Ohio.Please enter a valid search, no special characters allowed. ![]() “You cannot be independent if you are not sustainable.”įor some news organizations surviving a bad business environment, the infusion of new money can make the difference between having enough extra time to create a new business model and closing, Franklin said.Įven with news outlets continuing to close, Franklin said he is more optimistic now than he has been in several years - in part because of new outlets that have figured out a way to exist without losing money. “I really believe in independent journalism,” Ibarguen said. They will support efforts, for example, to provide legal services, publishing tools and ways to enhance revenue that can be shared by several different outlets so there is less duplication in spending for startups. Some of the new funding efforts are designed specifically for that goal. One model in independent journalism, the Texas Tribune, recently had the first layoffs in its 14-year lifetime. While philanthropic funding has helped, experts say it's important that new outlets can survive after grant money runs out. He said he expected other funding will be added in the coming months to boost the commitment beyond $500 million. That initial “aspirational” goal wasn’t met because some hoped-for pledges by some corporations and individuals did not come through, he told the AP. The $500 million in pledges pale in comparison to the $1 billion investment goal Ibarguen publicly identified last month. “I don't think we have the answer,” said Alberto Ibarguen, president of the John S. While there are many experimental efforts to fill the news void, there is still no clear path to making news a thriving business again. The estimated 75,000 journalists who worked at newspapers in 2005 was down to 31,000 last year. Many that survive, particularly in larger markets, are shells of themselves. Papers are continuing to close at a rate of two a week, Franklin said. Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public's understanding of facts, said John Palfrey, MacArthur Foundation president.ĭriven largely by a collapse in advertising markets, the number of newspapers in the United States dropped from 8,891 in 2005 to 6,377 last year, according to a Northwestern study. ![]() (The Associated Press receives grant funding from several sources for some journalism coverage, as well.) ![]() The Carnegie Corp., the Democracy Fund, the Ford Foundation, the Robert Wood Johnson Foundation and MacArthur are among a group of 20 initial funders. “This is hugely important, both practically and symbolically,” said Tim Franklin, director of the Local News Initiative at Northwestern University's Medill journalism school. Led by $150 million donations by the journalism-focused Knight Foundation and MacArthur, the Press Forward initiative is focusing on the importance of news in communities and is bringing in funders whose primary mission hasn't necessarily been journalism. NEW YORK - The MacArthur Foundation is leading a group of donors that have pledged $500 million to help the struggling local news industry, hoping to seed outlets that can make up for those that have closed or been hollowed out over the past two decades.
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