t at the time Jane was hired as the NYFWA's executive manager in 2000-a choice he described as the best decision made during his presidency. Former president Myron Kandel, who had headed the search committee
On April 3, 2014 more than 50 members of the NYFWA came out to thank longtime members George Auerbach for his devotion to the NYFWA. Having first joined the NYFWA 1953, George has left a mark on our organization that cannot be matched -performing in 55 consecutive Financial Follies and spending more than four decades as crucial member of the board of governors. It is no surprise the members young and old took the time to come out and thank George in person and to hear a few tales of his early days in the organization. Above, Art Samansky -another beloved member of the NYFWA- presents his longtime friend and former Financial Follies co-star with a plaque acknowledging the NYFWA's gratitude for his years of service. Photo by Steve Govoni
Former NYFWA president and longtime member Alan Gersten passed away on March 17 in New York City at age 72, following a lengthy battle against leukemia. Mr. Gersten, a former president of the New York Financial Writer’s Association from 1999 to 2000, has an impressive journalism career that spanned decades. He was a reporter and editor for varied publications such as the Omaha World-Herald, the Rocky Mountain News, the Miami News, United Press International, the Journal of Commerce, Bridge News, Project Finance International (PFI) and Thomson Reuters. At the time of his death, he was the Latin America Correspondent for PFI. He was also a published author of the 2001 non-fiction book “A Conspiracy of Indifference: The Raoul Wallenberg Story,” about the Swedish diplomat Raoul Wallenberg who saved thousands of Hungarian Jews before being arrested by the Soviets and who ultimately disappeared. The book remains available today on Amazon.com. Mr. Gersten was a 1977 Knight-Bagehot Fellowship recipient to Columbia University’s graduate school of business, where he studied economics for one year. He was also a winner of the prestigious Gerald Loeb Award honoring distinguished business and financial journalism, given for his series of articles about his investment experiences, “Wall Street Casino: Gambling With Someone Else's Money.” Started in 1979, when the Rocky Mountain News provided $10,000 for investment for the series, it was prescient -- given the market's collapse in the 2008 financial crisis. The series lasted for five years.
A native of Chicago, he was born into his passion for all Chicago- based sports, especially his beloved Chicago Cubs and Bears. He regularly attended at least one Cubs game, home or away, and claimed to be a Die-Hard Cub Fan since 1946.
Mr. Gersten was also a history buff and avid traveler to Latin America and numerous other global destinations with his wife, Marjorie, though while on a trip they preferred the pseudonyms Irving and Zelda under whose names they produced several fun and memorable home movies. He graduated from the University of Illinois Urbana-Champaign with a B.A. in Communications. Before starting his journalism career, Mr. Gersten served in the U.S. Army where he taught Journalism. In addition to his wife, he is survived by a sister, Norma Berlin of Chicago. Remembered by his colleagues and friends as kind and a gentleman, Mr. Gersten was a consummate professional, interested in everything and everyone, and possessed a dry, quick wit. He was the rare reporter who could bring both humor and clarity to business journalism. A private memorial will be held in Chicago with friends and family after which his wife will visit sentimental Chicago spots in his memory, bringing his extraordinary life full circle.
Congratulations to NYFWA member and former president Richard Koreto on his new job as the managing editor at AccountingWEB.
Congratulations to longtime NYFWA member and former president Sheila Mullan on being named the 2013 Emil P. Meier Award recipient for her commitment to the Financial Follies. Mullan was presented her award by current NYFWA president Pierre Paulden at the Financial Follies Cast Party, which was held on Friday, March 22nd at the Junior League of New York's headquarters.
The New York State Society of Certified Public Accountants’ Excellence in FinancialJournalism Awards is now accepting submissions from journalists and reporters for its 2014 contest. The EFJ Awards honor professional and student journalists for distinguished reporting that cultivates, promotes and disseminates understanding of accounting, finance and business topics. This year marks the 31st annual contest. Judging will begin in March, winners are announced in April and a formal awards ceremony will be held May 1. Past winners of the contest include Kirsten Grind, author of “The Lost Bank: The Story of Washington Mutual – The Biggest Bank Failure in American History”; David Kaplan, Fortune; Rob Cox and Robert Cyran, Reuters Breakingviews; David Voreacos, Bloomberg News; Brian Ross of ABC News; and David Kocieniewski of The New York Times.
The NYSSCPA is also seeking judges to help critique the entries for this year’s awards. If you are interested in helping, contact Alonza Robertson at email@example.com
The Society of American Business Editors & Writers is offering two $1,000 fellowships for full-time journalists who want to attend the Society of American Business Editors and Writers Conference in Phoenix, March 27-29. The Reynolds Center will be offering workshops on Detecting Corporate Fraud before the conference and Data Visualization during it. | Apply by Feb. 3
Longtime NYFWA member Tom Mariam has taken a new position as director of business development & marketing for Curtis, Mallet-Prevost. Colt & Mosle, one of the world’s leading law firms.
Jerry Sherman, 83, a long-time member of the New York Financial Writers' Association, died peacefully at his home near Albany, NY, where he lived in recent years with Bobbie, his wife of 58 years. Jerry began his career in journalism at the tender age of 16 as a copy boy on the New York Journal of Commerce while he was still in high school in the Bronx. He rose to reporter, associate editor and foreign correspondent and joined the NYFWA in the late 1940s. He moved to public relations in 1952 and remained active as an associate member, performing in the Financial Follies for many years. He was a member for more than 60 years. After working at several PR agencies, he formed his own firm, Jerry Sherman Associates, and then joined Gulf & Western Corp. in 1979 to head its public relations. He took early retirement in 1990, but then rejoined the company, then named Paramount Communications Inc., in 1992 as senior vice president, communications, a post he held until the company was taken over by Viacom in 1994. On the occasion of its 50th anniversary, the NYFWA honored him for distinguished service to financial journalism. A funeral service was held Nov. 27 in Shrub Oak, NY. Jerry's family is planning to hold a memorial service in New York City at a date to be determined. Bobbie Sherman's address is 10 Eastmount Drive, Slingerland, NY 12154.Her e-mail is firstname.lastname@example.org
Longtime NYFWA member David Mulcahy passed away at the age of 90 on October 2, 2013 at his home in Newtown, PA. Mulchay retired in 1996 as the editor of Standard & Poor's Daily News, following 35 years with the company. Nonetheless, he still kept his hand in financial journalism unitl the time of his death, serving as the director of communications for the Finance & Budget Commission and secretary of the Property, Maintenance & Improvement Commission, according to his obituary in Trenton's The Times. Mulcahy's full obituary can be found here.
More than 65 NYFWA members gathered at the New York Junior League's headquarters on October 17th for Jane Reilly's retirement party, honoring her 13 years of service to our organization. Former NYFWA president Daniel Bases kicked off the presentation portion of the evening by taking the opportunity to remind members that he was the residing president when Reilly was hired in 2000 – a decision he described as the most important thing he did during his presidency, given the tremendous job Jane did with everything she handled for the NYFWA during her years in the role. Bases’ short speech was followed by a presentation by former
NYFWA president Myron Kandel, who was
quick to note that he had headed up the search committee that suggested Reilly for the position. Kandel also took time to thank Jane for her years of dedication and the lasting mark she has left on our organization before presenting her with a plaque from the NYFWA that read: “To Jane Reilly, colleague, friend, mentor and executive manager extraordinaire, our appreciation for your years of service to the New York Financial Writers’ Association and your hard work, dedication and devotion to making the organization the best it can possibly be. From your flawless handing of the Financial Follies, to the grace you have shown in organizing countless awards dinners, drinks nights, softball games and a myriad of other events for the NYFWA, we salute you. Your bubbly personality, incredible organizational skills and diplomatic approach to everything you do have made you an invaluable part of the NYFWA's heritage and a beloved member of our organization.” Current NYFWA president Jan Alexander and former president Britt Erica Tunick, who replaces Reilly as the NYFWA’s executive manager, also took the time to publicly thank Reilly for her service to the NYFWA and to share some thoughts about big shoes she has left to be filled. Reilly was also presented with a Tiffany necklace and was serenaded by everyone in attendance with the song “You’ll Never Walk Alone,” a favorite of Reilly’s because of its ties to the Liverpool soccer team she is a staunch supporter of. Throughout the evening countless members took the opportunity to thank Reilly for her service to the NYFWA and to share some of their favorite memories of times they have spent with her –from recent years, back to the days when she shared the stage with the cast of the Financial Follies as a new mother. And it was clear to everyone in attendance that Reilly has had no difficulty embracing retirement and shifting gears from being the person in charge, back to being a member at NYFWA events.*Photo by Steve Govoni. For additional photos taken by Govoni during the evening, click the following link: Jane's Retirement Party
Allison Hemming, CEO and founder of the Hired Guns addressed members of the NYFWA at our recent "Marketing Yourself as a Freelancer" drinks night on October 8. Hemming presented members with tips on best positioning themselves in the ever-increasing freelance market.
Lisa Mariam, mother of longtime NYFWA member Tom Mariam, passed away on September 27 at the age of 97 years-old. Lisa passed away peacefully in the apartment where she had lived for the past 55 years.
Congratulations to longtime NYFWA member and former board member DanColaursso on being named the new executive editor of Reuters Digital.
Longtime NYFWA member Joseph Finora has written a murder mystery, Red Like Wine, which is about to be published in a digital version, followed by a harcover release in the next few weeks.
NYFWA member Stephen Foley has been named the Financial Times' US Investment Correspondent.
Congratuations to NYFWA member Lawrence Delevingne on being named as an Enterprise Reporter for CNBC.com, where he will cover the "big money" beat which incudes alternative investments and large wealth managers and advisors.
Hacks vs. Flacks Celebrates a Decade of Softball in the Park
Bigger isn't always better -as was proven by the 10th annual Hacks vs. Flacks softball game on July 14th. Despite what felt like 100 degree heat, coupled with the NY Parks Department's accidental booking of this year's game within an area closed off for Mariah Carey's concert the previous evening, a small group of people still made their way to this year's event and the game went on -just without the flacks. Absent any PR participants in this year's game, and with a minimal headcount, this year's event turned out to be Hacks vs. Hacks, with teams headed by NYFWA members Rich Wilner and Hajime Matsuura. In the end, Wilner's team reigned supreme, besting Matsuura's with a score of 10 to 4. For a more detailed report on the game, check out some of the media coverage of the event: http://observer.com/2013/07/hacks-play-ball-minus-the-flacks/
NYFWA member Katherine Heires recently attended the Investigative Reporters & Editors (IRE) conference in San Antonio, Texas for two Days. Among the examples of investigative reporting - in book form - highlighted and on display, were "The Lost Bank: The Story of Washington Mutual, the Bigest Bank Failure in American History" by Kristen Grind; "Going Clear: Scientology, Hollywood & the Prison of Belief" by Lawrence Wright; and "The Fine Print: How Big Companies Use Plain English to Rob You Blind" by David Cay Johnston. Among digital and technology tools that were discussed for investigative
and storytelling purposes were: ArcGIS, Banjo, Caspio, FRED, Tableau and Twitter data. This year, the big focus was on helpful online, database and tech tools for conducting investigations, but a few talks addressed traditional reporting efforts, including one on "Cracking corporate corruption at Wal-Mart." When journalists weren't networking, schmoozing and learning new investigative techniques, they got to visit the Alamo and Riverwalk, San Antonio's alternative to Venice.
Congratulation to member Beth Braverman on being named a senior editor at The Fiscal Times.
Allan Sloan, the 2009 recipient of the NYFWA’s Elliott V. Bell Award and a senior editor at Fortune, has been chosen as a visiting business journalist at Baruch College’s Department of Journalism and the Writing Professions. Sloan will be the first visiting professor to take part in the school’s new Ratner Distinguished Visiting Business Journalist Program, a program beginning in the Fall of 2013 that was sponsored by donations from Forest City Ratner Companies and Bruce Ratner. The program’s goal is to help educate journalism students about the intellectual, ethical and professional obligations that contemporary financial journalists face. In his role, Sloan will spend a week residing at Baruch where he will teach and mentor students.
The Continuing Education Department at the Columbia Graduate School of Journalism invites you to register for our summer courses. Summer Investigative 3-week Reporting Course (July 8-26) - Over three weeks, fellows who work throughout the world and in ALL media platforms from newspapers to digital news sites to broadcast will examine what investigative journalism is and how to conceive, research and write such stories. The process involves recognizing when something should be a long-term project, basics for launching into the story, testing and retesting the hypothesis throughout the investigation, shifting direction when the reporting dictates that the story direction change, and initial techniques to use in getting started. In this course, intended for both international journalists and those from the United States, fellows will be asked in think about possible investigative projects they want to work on upon their return to the workplace, using the lessons learned during the course. Workshops will be taught on creating databases, retrieving data from outside sources, locating and using public records in different parts of the world, utilizing financial documents, interviewing techniques, how to structure an investigative story, using multimedia to support projects, writing and editing a long-form narrative, and more. Deadline to apply is May 25th. Dart Center Newsroom Leadership Academy (July 9-14) - A new global program aimed specifically at newsroom managers, senior journalists and news executives responsible for leading coverage of trauma, crisis and disaster. This course will prepare newsroom leaders to effectively oversee trauma news, crisis coverage and disaster, whether local or global. The program is open to mid-level and senior news managers, executives, producers and editors from around the world, in all media. Deadline to apply is May 24th. To find out more information, and to register, please visit website. Courses may be eligible for NYFWA Swienicki grants.
The 2013 winners of the NYFWA scholarships for aspiring business journalists have been announced. Click here for list.
Long-time NYFWA member and tax expert Julian Block and Amazon are offering the e-book version of his book, “Julian Block's Tax Deductible Travel and Moving Expenses," to NYFWA members for free beginning 12:01 am PST Friday, May 17, and will remain free through midnight PST on Sunday, May 19. Click here during that time period and download your free e-book.
Best wishes to NYFWA board member and Follies star Bill Egbert and his fiance Yeon-ji Wu who are to be wed in Seoul, Korea on May 25. Bill is now deputy editor of Community Newspaper Group.
Congratulations to NYFWA member Allan Dodds Frank who is the 2013 recipient of the Guardian Award from the Association of Certified Fraud Examiners (ACFE). Now in its second year, the Guardian Award honors a journalist whose “determination, perseverance, and commitment to the truth have contributed significantly to the fight against fraud.” The award will be presented to Allan at the 24th Annual ACFE Global Fraud Conference, June 23-28, in Las Vegas. The ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. A regular contributor to Fortune.com and Newsweek/The Daily Beast, Allan was chosen in recognition of a broadcasting and print career in investigative reporting during which he has specialized in complex fraud cases. He has covered white-collar criminals including Bernard Madoff, Martha Stewart and Tyco’s Dennis Kozlowski, insider trader Raja Rajaratnam and savings and loan kingpin Charles Keating. The first recipient of the award was NYFWA member Diana Henriques.
Long-time NYFWA member, past president and past and current governor Bob Kozma will soon start wearing a new hat: Union leader. Starting June 1, Bob will be president of the Independent Association of Publishers’ Employees, local 1096 of the Communications Workers of America-The Newspaper Guild. IAPE, as the union is known, represents about 1,400 workers at Dow Jones & Co., which is part of Rupert Murdoch’s News Corp.
Congrats to long-time NYFWA member Erika Vujnovich who has a new venture with The Journal News in Westchester. Click here for more info. Love those mysteries!
NYFWA member Rob Cox and Robert Cyran of Reuters Breakingviews are among the winners of the 30th annual Excellence in Financial Journalism Awards. Their winning entry was entitled HP Breakup Is on Tech World’s 2013 Agenda. The awards, sponsored by the New York State Society of CPAs, honor reporters from both national and local New York-area media outlets whose work , published or broadcast in 2012, contributes to a better understanding of business and financial topics. The awards will be presented on Tuesday April 30 in New York. Michael Rapoport, The Wall Street Journal’s accounting reporter since 2010, will be the keynote speaker. The judges for the 2013 Excellence in Financial Journalism Awards included members of the New York Financial Writers Association - Stephen Foley, Financial Times; Barry Rehfeld, Susan Rodetis, Leah Spiro, Riverside Creative Management, Inc.; Richard Wilner, New York Post; and Terry Wooten, Crosstie Media Services; and members of the NYSSCPAS. Click here for a complete list of winners.
Long-time NYFWA member Gene Boyo has died at the age of 92. His obituary in the New York Times read simply, “Lovely gentle wit, kind friend to all, loved life.” He had been a valuable and active participant in the Follies for decades. His friend and fellow long-time member Bob Flaherty wrote, “The contributions from our associate members who are in PR or other related activities are often overlooked. Gene Boyo always came through for us. I can remember two spectacular efforts. Way back when I was president and we were trying to start (against quite a bit of opposition) a scholarship program when we were also in financial distress, Gene arrived at our meeting with a surprise proposal. He and two other associates offered to add a scholarship they would pay for (at least at the beginning) for their PR friend Maurice Feldman. So the association was able to start offering three scholarships, instead of the initial two the board approved. That was the start of something big. Also, we had a lot of problems back then. So I divided some of the worst ones into units and asked for volunteers to tackle them. Gene took on the toughest. NYFWA had lost its tax exemption status because it had failed to file forms over the years. Gene took on that task of dealing with the IRS and some months later we regained our tax free status. This was to make quite a difference years later when following boards restored our financial vigor and generated surpluses. Gene was a fine person and I am glad to have known him.” Services are private. Please contact email@example.com is you wish to be invited.
APME is accepting entries for its 2013 APME Journalism Excellence Awards, which honor superior journalism and innovation among newspapers, radio, television and online news sites across the United States and Canada. The awards seek to promote excellence by recognizing work that is well-written and incisively reported. Innovation by college students is also honored. To enter, go to https://www.omnicontests4.com/?comp_id=1054
Congratulations to NYFWA member and annual Follies contributor Ali Velshi who was named Al Jazeera America’s first on-air hire. Ali, who had been with CNN for a dozen years anchoring "Your Money" and serving as the cable news network's chief business correspondent, will host a business show for the start-up cable network. His half-hour show will be a broad look at the U.S. economy. Initially, the show will be weekly but will eventually become a daily program. Al Jazeera America has not set a launch date but has said it plans to be up and running before the end of 2013.
NYFWA member and former president Myron Kandel will be among three business journalists honored with SABEW President’s Awards at the 50th annual spring conference of the Society of American Business Editors and Writers in Washington, D.C., April 4-6. He will be joined by Gene Miller and Martha Steffens. He initiated business coverage at CNN. Myron was once named one of the 10 most influential financial journalists of the 20th century, a fitting accolade for the television-news pioneer and CNN’s founding business and financial editor. Before his decades-long tenure at CNN, Kandel served as the financial editor of three newspapers – the Washington Star, the New York Herald Tribune and the New York Post – and a reporter for the New York Times, foreign correspondent for the Herald Tribune, syndicated columnist and editor of the New York Law Journal.Myron is SABEW’s only two-time president. The awards will be presented at a special gala on Saturday night at the Mayflower Renaissance Hotel, capping a three-day conference featuring business and government keynoters and dozens of other workshops and sessions. George Washington University’s Marvin Center will be the headquarters for the conference. Speakers over three days include Mad Money’s Jim Cramer, AOL CEO Tim Armstrong, the Fed’s Janet Yellen and economist David Stockman. Register for the conference here.
NYFWA Jan Alexander announced that the board of directors of the New York Financial Writers Association is pleased to announce the appointment of Britt Erica Tunick as the association’s new executive manager. She will be responsible for the day-to-day operations of the association and all of its events. Britt will replace Jane Reilly, who has agreed to work closely with Britt for the transition period. Britt has been a financial writer and editor for Euromoney Institutional Investor, KPMG, Thomson Financial, McGraw Hill and other media companies. She has been an exceptionally active and committed member of NYFWA for over a decade. A board member from 2001 to 2012, she served as president of the organization from January 2006 to January 2007 and designed the current format for both the Financial Follies and the monthly drinks nights. As head of the events committee she created the annual Hacks vs. Flacks softball game. She has also been an active participant in the Financial Follies as a songwriter and performer. Jane Reilly has served NYFWA as executive manager since 2000, replacing Joyce Spartonos. She joined the NYFWA in 1979 and spent many years in the Follies and on the board. We are grateful for her service, commitment, time and energy. We all wish Britt great success in this critically important position.
Long-time NYFWA member Rudy Ruderman suffered a heart attack and died at his home in Scarsdale. He was the first broadcast reporter in the NYFWA and for many years was known as the “Voice of the Follies,” because he narrated the show. He was 86. A lifelong New York-area newsman in print, radio and TV, Rudy worked at Voice of America, BusinessWeek, NBC and The Wall St. Journal Radio, among other news organizations. At WNEW radio in the 1970s and 80s, he was a news and financial reporter, news editor and even part- time Broadway theatre critic. To leave the family an online condolence please visit www.westchesterfuneralhome.com There will be a memorial service to celebrate the life of Rudy Ruderman (May 30, 1926 - March 9, 2013) at the Larchmont Yacht Club in Larchmont, NY this Sunday afternoon, March 17th from 1:30 – 3:30. Email: DanRuderman1(at)gmail.com
Best wishes to former NYFWA president Steve Gelsi wo is now senior editor of Thomson Reuters Buyouts magazine covering private equity.
Congratulations to Susie Gharib, Co-Anchor of Nightly Business Report now on CNBC, who received the 2012 Elliott V. Bell Award before a packed crowd at the CUNY Graduate School of Journalism on Tuesday, March 5, 2013. Named for the first president of the NYFWA, the Elliott V. Bell Award recognizes an individual’s lifetime contributions to the field of financial journalism. Surrounded by family and collagues, Gharib accepted the award from Suzanne Pratt, her former producer at NBR. In her introduction, Pratt showed a video depicting many of the highlights and funny moments of Gharib’s career. The award presentation was preceded by a wine and cheese reception. Broadcasting nightly from the New York Stock Exchange, Gharib is best known for her no-nonsense interview style of corporate America’s leading power brokers, from Wall Street to Washington. Her interviews have included Microsoft’s Bill Gates, ExxonMobil CEO Rex Tillerson, General Electric’s Jeff Immelt, Berkshire Hathaway’s Warren Buffett, JP Morgan’s Jamie Dimon, Ford’s Allan Mullaly, BlackRock’s Larry Fink, and Pimco’s Mohamed El-Erian, as well as former Federal Reserve Chairman Alan Greenspan and most of the Fed’s policymakers, and Presidents Bill Clinton and George W. Bush. Gharib joined NBR in 1998 after a distinguished 20-year career working at some of America’s most prestigious print and broadcast organization, including CNBC, NBC, ESPN, and WABC- TV/New York. Gharib launched her career as a business journalist at Fortune magazine where she was a senior writer and associate editor. Her previous work includes reporter positions at Newsweek magazine, the Associated Press, and the Cleveland Plain Dealer. A magna cum laude, Phi Beta Kappa graduate of Case Western Reserve University, Gharib also earned her master’s degree in international affairs at Columbia University. She is the recipient of both the 2001 Gracie Allen Award as the top anchorwoman of a national news program, two Front Page Awards from the Newswoman’s Club of New York, and a Fullbright Award for furthering Global Business Understanding. For a complete list of previous winners, see http://www.nyfwa.org/bellwinners.htm (Photos by Susan Rodetis, above, left to right, NYFWA president Jan Alexander, Gharib, Pratt, and Myron Kandel, former Bell winnerand chair of the Bell selection committee; below, the crowd at CUNY).
Cheryl Govoni, wife of dedicated NYFWA board member and ardent photographer, Steve Govoni, died on March 4, 2013. Cheryl made her impact on the NYFWA. She designed the new NYFWA on the website and new signage. Cheryl lost a long and courageous battle against a rare cancer. She was 55. For more on her life, click here. Calling hours will be held at the Edward Lawrence Funeral Home, 2119 Post Road, Darien on Friday, March 8, 2013 from 5:00 to 8:00 PM. A Funeral Service will be held at the United Church of Rowayton, 210 Rowayton Avenue, Rowayton on Saturday, March 9, 2013 at 10:00 AM. Burial will follow at Spring Grove Cemetery, Darien. In lieu of flowers, contributions are suggested to the Sarcoma Alliance for Research Through Collaboration (SARC), 24 Frank Lloyd Wright Drive, Lobby A, Suite 3100, Ann Arbor, MI 48106.
Several NYFWA members were among the winners named in SABEW’s 18th Annual Best in Business Awards. Congratulations to Victoria Finkle and Jeff Horwitz of American Banker for their piece Payment Protection Controversy. Jeff also co-authored another winner for American Banker entitled Debt Collection Debacle. Long-time member Peter Coy won in the Commentary section for Bloomberg Businessweek. Warren Hersch was among a team at National Underwriter Life & Health that won for The Complete ELNY Saga: 21 Years of Mismanagement, Corruption, Broken Promises and Shattered Lives.
Nominations for the 2013 John Chancellor Award will be accepted beginning March 1, 2013. The Chancellor Award is presented each year to a reporter with courage and integrity for cumulative professional accomplishments. The prize honors the legacy of pioneering television correspondent and longtime NBC News anchor John Chancellor. The winner is selected by a nine-member committee and presented with the $25,000 award at Columbia University. Past winners include David Evans from Bloomberg News, NPR's Robert Siegel and Jane Mayer of The New Yorker. a full list of previous honoress, see the Past Winners page.
Congratulations to NYFWA member Cezary Podkul whose team of computational journalists – CSV Soundsystem - won a slew of prizes at the Bicoastal Datafest held February 2-3, 2013, at Columbia University and sponsored by Columbia and Stanford Univeristy. The theme this year was analyzing money’s influence on politics. CSV Soundsystem won the award for the most innovative project, the best-in-show award and was voted the best overall project for a data report the team created from daily cash statements put out by the US Department of Treasury, which break down how much is spent on each program and growth of the debt ceiling on day-by-day basis. Here is a full description of the project. Click here for more information on the contest.
Gorkana reports that NYFWA member and NYFWA scholarship winner Laura J. Keller has joined Debtwire as a Reporter. She will principally cover high yield corporate bonds. Congrats!
Congratulations to former NYFWA president and current board member Conway Gittens for receiving a Living History award from his alma mater, Long Island University-Brooklyn. He accepted the tribute from student government president Jermaine Isaac before a large crowd assembled at LIU’s Kumble Theater for Performing Arts on Wednesday, February 6, 2013. Also in attendance was Conway’s boss, fellow LIU-Brooklyn alum and NYFWA member Dan Colaruso, head of global programming at Reuters News. Sponsored by the LIU Student Government Association, the award is a celebration of today’s African American leaders in education, health services, media and the arts.
Congratulations to Imogen Rose-Smith! At the annual meeting of the NYFWA on January 23, 2013, then president Rich Wilner presented her with the 2012 Emil Meier Award. The award recognizes an individual's commitment, dedication, participation and contribution to the Financial Follies. Imogen has co-chaired the Follies book comittee for many years with 2010 Emil Meier winner Josh Friedlander. The plaque read "Despite Bad Finance, there was no Net Loss for the Follies because you showed your genius in Living off the Fed, Porn Buffet, and We Are Never Ever Ever Gonna Work Together. Who Wants to Live Forever? We do as long as you have pen in hand. Baby, You Were Born to Run, and when it comes to the Emil Meier, The Winner Takes it All. Thanks for making us all look and sound so good." The plaque lists many songs she had contributed to the effort.
Professional journalists with at least four years’ experience as full-time editorial employees of newspapers, magazines, wire services, or broadcast news organizations and freelance journalists are invited to apply for the 2013 – 2014 Knight-Bagehot Fellowship in Economics and Business Journalism. Through nine months of rigorous study at Columbia’s Graduate Schools of Journalism, Business, Law and International Affairs; participation in off-the-record seminars and dinner meetings with corporate executives, economists, and academics; briefings and field trips to New York-based media companies and financial institutions. The Fellowship year is Mid-August 2013 to mid-May 2014. Full tuition, plus $55,000 stipend. Submit a completed application form along with: a professional resume, an autobiographical essay describing your journalistic accomplishments and your future plans; an essay of less than 1,000 words on a business or economic trend; four original samples of work produced during the last five years; college or university transcript(s); three letters of reference from persons in a position to comment on your professional performance and potential for covering business and economic news. Candidates are responsible for arranging that all materials, including transcripts and letters of recommendation, arrive in our offices by March 1, 2013. MAIL TO: Director, Knight-Bagehot Fellowship Graduate School of Journalism, Columbia University, 2950 Broadway, New York, NY 10027. For application and further information, call (212) 854-6840 or visit our website at www.jrn.columbia.edu/knight-bagehot.
Congratulations to NYFWA member and former CNN correspondent Susan Lisovicz who will be the Donald W. Reynolds Visiting Professor in Business Journalism for the spring semester at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. This is the second time that Susan, a longtime CNN Wall Street reporter who covered the 2008 financial debacle and bailout, has taught at the Cronkite School. She first served as the school’sReynolds Visiting Professor in spring 2011. In more than a decade at CNN, she interviewed business leaders such as Bill Gates and Warren Buffett and provided daily coverage of the dot.com boom and bust and the financial aftermath of the 9/11 terrorist attacks.
Congratulations to NYFWA member and NYFWA scholarship winner Melanie Hicken who has been named a Personal Finance Reporter at CNNMoney.com. According to Gorkana, she has spent the past six months as an intern on the computer-assisted reporting team at Reuters and will graduate from New York University's business and economic reporting graduate program next month.
Financial Follies of 2012 Click here for photos
Photos and story by Steve Govoni
Considering the fragile global economy, Mideast turmoil, and political divisiveness, it's no wonder the Financial Follies has reputedly held the record for the largest bar bill at the Marriott Marquis. While audited statements were not available at press time, more than 900 journalists, PR pros, and corporate executives made the New York Financial Writers Association's 70th annual Follies another memorable soiree on November 16, 2012. This year's targets: Goldman Sachs (to the tune of The Muppett Show Theme Song) Washington gridlock; the bungled Facebook IPO; Mitt Romney wailing about the election to the tune of "Sandy"; sex-crazed book publishers; and giant banks like JPMorgan Chase, whose CEO Jamie Dimon inspired a parody of "Diamonds Are a Girls Best Friend." Hats off to producer Pierre Paulden; director Laura Josepher; musical director Jill Brunelle; the book and lyrics committee; the video team; and of course NYFWA executive manager Jane Reilly. Special thanks to CNN, CNNMoney.com, News Hub/Wall Street Journal Digital Network, and The Street for all the work that went into the video component of the show.
Lois Smith, the trailblazing longtime New York City publicist and wife of former NYFWA president Gene Smith, died Sunday, October 7, of a brain hemorrhage she suffered as the result of an accidental fall during a visit to Maine where she and Gene were being honored during homecoming weekend by Hebron Academy, the college preparatory school. Her list of clients included Marilyn Monroe, Robert Redford, Martin Scorsese, Meryl Streep, Warren Beatty, and Whitney Houston. Our deepest condolences go out to our good friend Gene and his family. Click here for more information.
Gharib Wins 2012 Elliott V. Bell Award
The New York Financial Writers Association is pleased to announce that Susie Gharib, the award winning New York based anchor of PBS’ Nightly Business Report, is the 2012 winner of the NYFWA’s Elliott V. Bell Award. Named for the first president of the NYFWA, the award honors an individual’s lifetime contributions to the field of financial journalism. Gharib’s weeknight broadcasts from the New York Stock Exchange focus on the economy and the financial markets. A Co-Anchor and EVP/Stategy for NBR, television’s most watched evening business news program, she is best known for her no-nonsense interview style of corporate America’s leading power brokers, from Wall Street to Washington. Her interviews have included Microsoft’s Bill Gates, ExxonMobil CEO Rex Tillerson, General Electric’s Jeff Immelt, Berkshire Hathaway’s Warren Buffett, JP Morgan’s Jamie Dimon, Ford’s Allan Mullaly, BlackRock’s Larry Fink, and Pimco’s Mohamed El-Erian. She has interviewed former Federal Reserve Chairman Alan Greenspan and most of the Fed’s policymakers. Gharib has also been welcomed into the White House several times to interview President Bill Clinton and President George W. Bush. Gharib joined NBR in 1998 after a distinguished 20-year career working at some of America’s most prestigious print and broadcast organization, including CNBC, NBC, ESPN, and WABC- TV/New York. Gharib launched her career as a business journalist at Fortune magazine where she was a senior writer and associate editor. Her previous work includes reporter positions at Newsweek magazine, the Associated Press, and the Cleveland Plain Dealer. A magna cum laude, Phi Beta Kappa graduate of Case Western Reserve University, Gharib also earned her master’s degree in international affairs at Columbia University. She is the recipient of both the 2001 Gracie Allen Award as the top anchorwoman of a national news program and two Front Page Awards from the Newswoman’s Club of New York, and a Fullbright Award for furthering Global Business Understanding.
The NYFWA membership is invited to the Elliott V. Bell Award presentation ceremony on Monday, October 29, at 7 PM, at the CUNY Graduate School of Journalism, 219 West 40th Street. There will be a wine & cheese reception preceding the award presentation at 6 PM. RSVPs are essential: firstname.lastname@example.org. (Your name must be on the list to be admitted to the CUNY building.) For a complete list of previous winners, seehttp://www.nyfwa.org/bellwinners.htm
Good news! NYFWA member Katherine Heires passes along the link that the public still prefers professional journalism.
NYFWA member Bob Shabazian is downsizing and has a library of business books to give away. You’ll have to pick them up at his Bergen County home. They include: New Century Family Money Book – Pond; Everyone's Money Book -- Goodman and Bloch; Story of American Business from pages of New York Times; Making the Most of Your Money – Quinn; Investor's Encyclopedia – Currier; Fifty Years on Wall Street – Clews; Forbes Scrapbook of Thoughts; Master Manipulator – Brickey; War at the Wall Street Journal -- Ellison; Media Circus – Kurtz; House of Morgan – Chernow; Barron's Finance and Investment Book; Panic of 1893 – Latham; WSJ guide to Understanding Personal Finance; WSJ guide to Money and Markets’ WSJ guide to Investing; SIA guide to Investing; WSJ Complete money and investing guidebook – Kansas; WSJ Trivia, and Book of Business Anecdotes. Email Bob at Hshabbyone@aol.com if you’re interested.
Drinks Night -The Times They Are a Changin’
By Jacob Dilson
In 1961, Robert Zimmerman arrived in New York penniless. The budding musician played at Café Wha in Greenwich Village— and closed by asking if anyone in the crowd had a place for him to stay that night. To see Bob Dylan then meant seeing him before several decades of reinvention. MarketWatch’s media columnist Jon Friedman may not have been in the crowd, but his new book, “Forget About Today,” traces Dylan’s extraordinary career and many transitions from 1961 to the present.
Tuesday night (8/28/12) at Pete’s Tavern in Manhattan, Friedman gave the nearly 40 NYFWA members and guests some perspective on how the musician/poet/philosopher/ activist’s flexibility has propelled his career: Rather than staying in a single genre box, Dylan has strummed his way through folk, rock n’ roll and country. He kept up with the times by “going electric,” and recorded a mid-career album from his garage. He even had a brief “Jesus” phase. “Dylan always knew what he wanted to do with his career,” says the author. “He wasn’t afraid to take chances or bet on himself.” This is the idea behind Friedman’s biography, and his argument for the longevity that makes a Dylan concert just as packed now as it was fifty years ago.
“Forget About Today” analyzes Dylan’s transitions, and his habit of transition itself—even if some of these self-revisions may have been more successful than others. It all boils down to his refusal to stay in the same place. As evidenced by his work (i.e. “Tangled Up in Blue”), Dylan is very much about action and constantly pushing forward.
Many consider Bob Dylan the voice of several generations. This kind of label does not exist without raw talent, but Friedman credits Dylan with also having a willingness to respond to the times and change one’s image.“If you want to really excel, don’t stay in the same place, don’t get into a rut, be ready to reinvent yourself,” says Friedman of how journalists can become more viable over decades like Dylan. “Adapt yourself. Don’t think about failure.” Click here for more photos.
Best wishes to NYFWA member Christie Smythe who just moved to a new job with Bloomberg. She is a reporter on the legal team. She was previously with Law 360.
Want to be a Donald W. Reynolds Foundation Visiting Business Journalism Professor? Here is how to apply.
NYFWA member and former board member Erika Hymowitz Vujnovich has a new blog entitled MOMentum Player aimed at helping parents and kids explore and better understand finance. Sign up now!
The idea of Olympic monetary awards being exempt from US taxes got NYFWA member and IRS guru Julian Block thinking. Read here about how the IRS usually handles awards.
Congratulations to NYFWA board member Stephen Foley. After 13 years at The Independent, the last six as US business correspondent, he’ll be joining the Financial Times this fall. Best wishes!
The NYFWA lost a loyal member and financial journalism lost one of its luminaries when Grace Weinstein died this week in her second home of Virginia Beach. A five year board member and former officer, Grace wrote in June that she totally enjoyed the relationships she made in the organization and had planned to be back to attend several events a year. Click here for more on her life. NYFWA member Jose Northover wrote: "I knew Grace and respected her as a person and a professional. She appeared on several radio programs I produced over the years. I also had the privilege of sitting on several media and finance panels with her. She was a committed individual and compassionate soul. I know she will rest in peace.
Congratulations to NYFWA member Diana B. Henriques, the award-winning financial journalist and author of The Wizard of Lies, the New York Times bestseller about the Bernie Madoff scandal and topic of the July 2011 Drinks Night, will receive the Distinguished Achievement Award this year from the Society of American Business Editors and Writers. The award, which is SABEW’s highest honor, is given annually to someone who has made a significant impact on the field of business. Diana won the NYFWA’s Elliott V. Bell Award in 2007.
Left to right, kneeling, Rich Wilner, Alana Samuels, Maryellen Tighe, Mel White, Sheila Mullan, Alex Maurice, and David Graubard; standing, Jeff Roberts, Nizar Manek, Larence Delevingne, Mike Reilly, Sabrina Lynch, Brian Hickey, Irene and Tom Mulligan, Laurie Vormawah, Jose Northover, Barry Rehfeld,Poonka ThangaveluDeborah Turner and Hui-Chu. Missing from photo: Hajime Matsuura and Lex Harris, who had already left for their next games.
Fresh off an ignominious defeat in last year’s game, the Hacks came roaring back to take it to the Flacks 17-2. Neither the threat of thunderstorms, the heat/humidly, or Carmageddon on the GWB could stop the Hacks from fielding an all-star team that was quite possibly its best in the 10-year history of the Hacks vs. Flacks game.
It looked promising from the start for the Flacks with Flacks caption Tom Mulligan’s winning the coin toss and the return of shortstop-line drive-snatching Brian Hickey. But from the moment Hacks captain Rich Wilner lead his team on to Field #4 in Central Park's Great Lawn for a 6-run first inning, it was all Hacks. The gloves were as hot as the bats - thanks to the amazing Gold Glove winning middle-infield duo of Hajime Matsuura (3/4, three runs) at short and second baseman Jeff Roberts (3/4, two runs) who shut down any rally the Flacks could manage, including a couple bases-loaded opportunities that came up short. The Hacks produced 26 hits, led by Lawrence Delevingne (4/4, including two doubles and a triple), pitcher Alex Maurice (4/4, double and a triple), Lex Harris (3/4, two runs), and David Graubard (3/4, two runs). Also coming through with multi-hit games were stellar first baseman Maryellen Tighe and lead-off hitter Alana Samuels. Sheila Mullan posted three RBIs.
The Flacks were a mix of veterans including third baseman Barry Rehfeld, first baseman Jose Northover, and pitcher Mike Reilly and rookies like Irene Mulligan (of the famous fighting Mulligan clan), Mel (“Is it like Rounders?) White, Nizar Manek, and the very coachable Sabrina Lynch, who was 3/3 at the plate. But the comment of the day went to Laurie Vormawah, who although having only watched the game on television, still managed two outstanding outfield catches. When asked how that was possible, he calmly replied, “Well, they give you a really big glove.”
Thanks too to picnickers Deborah Yao, Deborah Turner, Hui-Chu and Poonka Thangavelu for keeping things lively on the bench. As the picnic ended, the Flacks were overheard lining up ringers for 2013. Once more, the cry went out: "Where was Adamonis?"
Congratulations to NYFWA member Caleb Silver who has been named Director of US Business News at CNN and will manage our domestic business news operation. Caleb and his team will be responsible for all business newsgathering efforts and production. This includes oversight of the weekend business shows on CNN US, markets coverage from the NYSE, as well as various sponsored business segments running across multiple networks and platforms throughout the week, and specials on the US and global economies.
Around 50 NYFWA scholarship winners, judges, board members, and NYFWA members and guests gathered at Pete's Tavern on June 26, 2012, to celebrate this year's winners of NYFWA awards. The scholarships support the academic careers of journalism students who want to pursue careers in buisness and financial journalism. The awards, totaling $30,000 and presented to 10 students from the NYC area, are given in the names of distinquished members. The students hailed by Columbia J-School, CUNY Graduate School of Journalism, and the graduate program in economic and business journalism at New York University. Click here for photos of the event. Click here to learn more about the NYFWA Scholarships for Business and Financial Journalism.
The NYFWA has learned the tragic news that Michael Spartonos, son of Joyce Spartonos, the NYFWA's long-time executive secretary, died suddenly on June 18. Click here for more information
Best wishes to NYFWA member Lee Barney who is joining Asset International as managing editor of Plan Adviser magazine. She was most recently executive editor of EXPO magazine at Red 7 Media.
Former NYFWA member and financial journalist Dan Dorfman, known for moving stock prices in the 1990s with his comments on CNBC, has died. He was 80.According to the family, he died Saturday in New York of cardiogenic shock, a heart condition.With a print and TV career that spanned decades, Dorfman also penned the “Heard on the Street” column in The Wall Street Journal, reported for CNN and wrote for USA Today, New York magazine and Esquire. Dorfman turned to the Internet late in his career, first with a stock research company, JagNotes.com, in 1999. He blogged for the Huffington Post until last year. The native New Yorker is survived by his wife, Harriet.
Gorkana reports that NYFWA member and former scholarship winner Jon Lentz has been promoted to managing editor at City & State. He was previously a political reporter at the New York political and government paper. Nice work, Jon!
The New York Financial Writers Association is proud to announce the 2012 winners of NYFWA scholarships. The awards, which are given in the names of distinguished past members of the NYFWA, are each $3,000.The 2012 Committee on Judging was chaired by Sally Heinemann and consisted of Martin Cherrin, Stephen Foley, Conway Gittens, Jan Paschal and Roberta Yafie. Congratulations to:
Anna Louie Sussman, New York University
Melanie Hicken, New York University
Anika Anand, CUNY Graduate School of Journalism
Lilly O'Donnell, Columbia Graduate School of Journalism
Anna Andrianova, New York University
Karl Baker, New York University
Cara Eisenpress, CUNY Graduate School of Journalism
Laura J. Keller, Columbia Graduate School of Journalism
Nizar Manek, Columbia Graduate School of Journalism
Theodoric Meyer, Columbia Graduate School of Journalism
NYFWA member Katherine Heires suggests other members of NYFWA might be interested in All the News That's Fit to Screen film program that will take place in June at the New York Public Library for the Performing Arts at Lincoln Center, with journo-focused films like "Woman of the Year," "Sweet Smell of Success," "A Bitter Taste of Freedom," and "The Bonfire of the Vanities" to be shown on Thursday nights throughout the month. Each screening includes a Q&A with a filmmaker or expert guest, e.g., Julie Salamon, who wrote a book about the making of the film "Bonfire of the Vanities" and gossip columnist George Rush, for the screening of the "Sweet Smell of Success." Click here for more info.
According to long-time NYFWA member Larry Budgar, members looking for unique perspective regarding the pending Supreme Court ruling on health care might consider CEO Ashok Subramanian or Chief Strategy Officer Alan Cohen, co-founders of Liazon, creator of one of the first and largest private employee benefits exchanges. Liazon's Bright Choices Exchange serves more than 2,000 small to midsize companies providing their employees access to an array of benefits including: health care plans, health savings and flexible spending accounts, dental, vision, disability, life insurance, as well as telemedicine, wellness and even pet insurance. Alan and Ashok are industry veterans whose commentary has appeared in the Wall Street Journal, Bloomberg News and many health care and insurance publications. If you’d like to speak with Ashok or Alan, email Lawrence.email@example.com or 201-755-4478.
Congratulations to NYFWA member Jeff Horwitz (pictured below) who was named a finalist for a 2012 Gerald Loeb Award for Distinguished Business and Financial Journalism for his article, “Banks Took Billions in Insurance Kickbacks” in American Banker. The 2012 Gerald Loeb Awards dinner will take place on Tuesday, June 26, 2012, at Capitale in New York City.
From left, Sheila Mullan, Pierre Paulden, Jeff Horwitz and Imogen Rose Smith man the NYFWA booth at the annual Career Day Fair at Columbia Graduate School of Journalism in March. The NYFWA participates every year in the all-day affair to enlist student members and publicize the NYFWA scholarship program which every year awards $30,000 to students in the metropolitan area who want to pursue careers in business and financial journalism. Jeff is a current NYFWA member and former NYFWA scholarship winner. He was at the Career Fair on behalf of American Banker and stopped by to say hello. Sheila and Imogen are former NYFWA presidents and Pierre is the current NYFWA vice president.
The French-American Foundation – United States just launched the Immigration Journalism Award, the first journalism prize specifically dedicated to excellence in the global coverage of immigration and integration. This year, they will be selecting two winners for the best pieces published or broadcast in 2011 in the United-States or in Europe, in English or in French. All formats are accepted ( print, web, radio etc.). Each of the awardees will receive up to $10,000 at an Awards ceremony which will take place in New-York in the Fall of this year. Applications are open through Thursday, May 31, and all the information to apply are on our website : http://www.frenchamerican.org/immigration-journalism-award
Here's a great article about NYFWA member Maneet Ahuja.
There are only a few weeks left to register for the last digital media workshops of the academic year at the Columbia Journalism School’s program for Continuing Education. These classes qualify for an Ed Switnicki grant. Click on the links below to read course descriptions and to find information on how to register. New World of Journalism in the Digital Age (May 21-25, 2012); Introduction to Multimedia Storytelling (May 21-25, 2012); Social Media One-Night Stand (May 23, 2012); Advanced Multimedia Storytelling (June 4-8, 2012)
Congrats to NYFWA member Andrew Tangel who just started his new job on the business team for the Los Angeles Times. He will be a reporter based in New York covering Wall Street. Until now, he was on the real estate beat for The Record in New Jersey. Andrew is a Columbia J-School grad and won a NYFWA scholarship in 2008.
Ponzi Schemes and Other Flavors of Fraud
Photos and text by Steve Govoni
Every investigative journalist should have a source like Ken Springer. A former FBI special agent and Certified Fraud Examiner, Springer has conducted business investigations and intelligence gathering for more than 30 years--great material for his new book Digging for Disclosure, co-authored with his colleague Joelle Scott, and published by FT Press. The founder and president of Corporate Resolutions, Inc., Springer highlighted key sections of his book at a New York Financial Writers Association Drinks Night at Pete's Tavern on April 17, 2012, and fielded numerous questions from a packed audience on tracking swindlers, scammers, and imposters
Congrats to NYFWA member Jen Haley whose commentary on how good intentions can confront harsh reality on a holiday mission to feed the poor was named one of the top 10 best listener commentaries by KQED Radio.
NYFWA member Phil Zweig informs us that the Amazon Kindle edition of his 1985 national best-seller Belly Up: The Collapse of the Penn Square Bank is available for just $7.99 at Amazon.com. Here's the link. It's coming soon to Barnes & Noble's Nook eReader as well. Penn Square's failure on July 5, 1982 triggered what was then the worst banking crisis since the Great Depression and foreshadowed the 2008 financial collapse. Among other things, it led to the 1984 U. S. government rescue of giant Continental Illinois National Bank, which gave rise to the "Too Big to Fail" doctrine. The parallels between the ongoing crisis and the Penn Square debacle are many, and they are uncanny. Only the "assets" (toxic subprime mortgages vs. shaky energy loans to wannabe oilmen) and the players have changed. It's safe to say that if bankers, borrowers, investors and policymakers had understood and applied the lessons of Penn Square and "Belly Up," there would not have been a 2008 financial crisis. "Belly Up" received rave reviews from The New York Times, The Wall Street Journal, Fortune, Barron's and many other publications. For more background on the Penn Square fiasco and reviews of "Belly Up," go to www.philliplzweig.com.
The Rock Center Program for Journalists: A Primer in Corporate Governance brings together a small group of media fellows, selected from leading writers in business and finance, to attend an educational event in New York City, May 23-24, 2012. Media fellows will gain a deeper understanding of corporate governance, M&A, bankruptcy, accounting, and finance, while learning from some of most distinguished faculty in the country. Fellows will leave the program with a better knowledge enabling them to ask the tough questions and write better stories. In addition, fellows will receive scholarships ($7,950 retail price) to attend, at their option, the 2012 Stanford Rock Center Directors’ College (June 24-26, 2012 at Stanford Law School). A panel of judges will review the entries and select the media fellows. Click here to apply or nominate other candidates for selection as a Rock Center media fellow. Click here for more information.
Congratulations to NYFWA member Donal Griffin who among who among a team of Bloomberg News journalists that won the FOI Award in the 2011 Investigative Reporters and Editors Awards for their work entitled “The Fed’s Trillion-Dollar Secret.” The IRE Awards is the annual contest of Investigative Reporters and Editors Inc. recognizing the best in investigative reporting by across multiple media platforms. The awards were established in 1979 and have honored the best in investigative journalism annually for the past 30 years.
The John Chancellor Award is presented each year to a reporter with courage and integrity for cumulative professional accomplishments. The prize honors the legacy of pioneering television correspondent and longtime NBC News anchor John Chancellor. The winner is selected by a nine-member committee and presented with the $25,000 award at Columbia University. Past winners include David Evans from Bloomberg News, NPR's Robert Siegel and Jane Mayer of The New Yorker. Deadline is April 11, 2012. Click here for more details.
Business journalism job market appears to be improving. Click here for details.
Digital Assassination at Pete's
Photos and text by Steve Govoni
I link; therefore I am. With apologies to Descartes, that notion may fuel the relentless expansion of the social networking and Internet universe, but therein lies a profound vulnerability, as Richard Torrenzano describes in his book Digital Assassination, co-authored with former White House speechwriter Mark Davis. On March 19, 2012, Torrenzano drew a capacity crowd of more than 50 to Pete's Tavern for a New York Financial Writers Association book night co-sponsored by Gorkana. In addition to various horror stories, Torrenzano sketched ways to protect one's reputation, brand, or business against online attacks.
Gorkana announced the results of the 2012 Gorkana Survey of Financial Journalists, its inaugural survey of financial journalists across the United States. The survey is the first and largest of its kind on journalists’ opinions of the economy, their field and their interactions with sources. It also includes journalists’ opinions on who they believe to be the most influential financial publications, journalists and PR people. The results were first made public on March 16 at the Society of American Business Editor and Writers 49th annual conference in Indianapolis, Indiana.
Congratulations to NYFWA member Ken Schachter on his new job at Newsday. Before that he was freelancing and teaching at Hofstra.
Good luck to NYFWA board member Jeff Kearns who leaves the New York bureau at Bloomberg to move to Washington DC to be Bloomberg's beat reporter at the Federal Reserve. Thanks for you did for the membership and enjoy DC.
Book Night with Gary Weiss
Photos and text Steve Govoni
Historic Pete's Tavern may not have been Ayn Rand's cup of tea, but it was a fitting venue to analyze how much the author of Atlas Shrugged and The Fountainhead has influenced the Tea Party. That was the subject of the New York Financial Writers Association's book night on February 28, 2012, featuring Gary Weiss, author of Ayn Rand Nation: The Hidden Struggle for America's Soul, just published by St. Martin's Press. According to Weiss, a veteran investigative journalist and NYFWA member, the Tea Party seems to have an almost psychic connection to Rand, whom he dubbed the grand old lady of radical capitalism.
"Ayn Rand was the very first person on the national political stage to enunciate views that mesh precisely with the ones being bandied about by the Tea Party," Weiss wrote in a February 26th column for Bloomberg. "Rand was channeling the Tea Party decades before there even was a Tea Party." Gary was joined by Vic Sperandeo, a/k/a "Trader Vic," a well-known stock market trader, author and dedicated Rander, who flew in from Texas for this event. Moderated by NYFWA treasurer and program chair Jan Alexander, the event was billed as a "cage match" with verbal pyrotechnics, but after rising at 5 a.m. that morning to appear on CNBC's Squawk Box program, the usually feisty Weiss did not spar as much as one might expect given reports that the populist craze for Rand books is being financed by deep-pocketed hedge fund operators. About 50 members and guests were on hand.
Register now for spring courses at Columbia Journalism School. NYFWA members are eligible for Swietnicki professional development grants. New! The Business of Getting Published; Investigative Skills for Beat Reporters; New! Smarter Social Media (Online only); Introduction to Multimedia Storytelling ; Advanced Multimedia Storytelling ; New! Making Data Visual & Interactive ; Follow the Money: Business Reporting ; The New World of Journalism in the Digital Age ; Social Media One-Night Stand (In-person & Online) ; New! Summer 3-Week Investigative Reporting Course View course descriptions, schedules, faculty bios and entry requirements, and register at: www.journalism.columbia.edu/ContinuingEducation
Congratulations to NYFWA board member Simon Constable who co-authored The WSJ Guide to the 50 Economic Indicators That Really Matter which has been voted a Winner for a 2012 Small Business Book Award, in the category of Economics. The Small Business Book Awards recognize business books that were published in 2011. Small business owners often seek advice and information through books. While there are many thousands of books published each year, it's those of interest to small businesses and entrepreneurs that the Small Business Book Awards seek to honor.
U.S. business journalists – who report daily on the economy in their communities – say they expect their local economic conditions, including the number of jobs available, to improve in the next six months, according to a new survey commissioned by the Donald W. Reynolds National Center for Business Journalism. One section of the survey shows a marginal increase in business journalists’ pay in the last six months to $56,591. Forty-two percent reported an increase in pay the past two years. That is up from 36 percent six months ago reporting an increase in pay. "Opportunities among journalists do seem to be on the rise," said Andrew Leckey, president of the Donald W. Reynolds National Center of Business Journalism, about the survey results. "They said that one-third of the newsrooms in which they work are hiring new journalists." The research also found this breakdown for median salaries by place of employment: Print, $49,375; Broadcast, $56,852; Wire service, $75,800; Freelance, $48,889; and Online, $51,667.
Best wishes to NYFWA member Steve Viuker who just signed on as a New York-based correspondent covering banking for The Warren Group
Gorkana reports that NYFWA member Spencer Jakab has now joined The Wall Street Journal to write the Ahead of the Tape column. He was previously a reporter on the Lex Team for the Financial Times and a columnist and reporter for Dow Jones Newswires. Congratulations and best wishes too to NYFWA member Carol E. Curtis, formerly senior editor at Securities Industry News, who is now with Westfair Business Publications, as editor/reporter covering hedge funds and private equity for the Fairfield County Business Journal. Also, she has been collaborating on a biography of search firm pioneer Russell S. Reynolds, to be published by McGraw-Hill in April.
March 1 is the deadline for the Knight-Bagehot Fellowship in Economics and Business Journalism offers qualified journalists the opportunity to enhance their understanding and knowledge of business, economics and finance in a year-long, full-time program administered by the journalism school. Fellows take courses at Columbia's graduate schools of journalism, business, law and international affairs; participate in off-the-record seminars and dinner meetings with corporate executives, economists and academics; and attend briefings and field trips to New York-based media companies and financial institutions. Conducted during Columbia’s academic year from August through May, the fellowship accepts up to 10 fellows each year. Fellows receive free tuition plus a stipend to offset living expenses in New York City. For the 2013 academic year, a stipend of $50,000 will be granted to each fellow. Housing is available in a Columbia-affiliated facility. Click here for more information.
Congrats to NYFWA member Lee Barney who has joined Red 7 Media as executive editor of EXPO magazine. She can be reached: EXPO magazine, Red 7 Media, 10 Norden Place, Norwalk, Conn. 06855. Call 203-899-8496 or email Lbarney@red7media.com
The New York State Society of Certified Public Accountants has extended the deadline to apply for its annual Excellence in Financial Journalism Award to Feb. 10. The award recognizes reporters from the national and local press who contribute to a better understanding of business topics. The society presents awards in the categories at a special awards luncheon in May. A panel of members from the New York State Society of Certified Public Accountants and the New York Financial Writers Association judges entries on accuracy and thoroughness of research, the ability to communicate an understanding of the topic, and fair and balanced representation of the issue(s). To apply, see the application information here.
Get ahead with the new spring schedule of free Reynolds Center training in business journalism. Jump-start your business coverage and career with free training in business journalism this spring from the Donald W. Reynolds National Center for Business Journalism. The center also has free regional workshops in Lexington, Ky., and Fort Worth on uncovering the best local business stories. It offers free workshops on tracking companies’ influence on politics before the Investigative Reporters and Editors conferences in St. Louis and Boston. Plus, the center provides free self-guided training, beat basics and daily tips off the news at BusinessJournalism.org. Learn in just one hour a day with these free Webinars:· Investigating Private Companies and Nonprofits: Jan. 23-26.; · How Not to Be Bamboozled by Local Economic Studies: Feb. 8-9; · Getting LinkedIn – Sourcing through Social Networking: Feb. 28; · Using EMMA to Find Great Stories in Municipal Bonds: March 27-28.· Business Editing in Depth – 10 Things You’d Better Know: May 1; · Unlocking Financial Statements: May 14-18; and · Economics 101, with NPR’s Marilyn Geewax: June 26-28. To suggest topics for training or host a workshop, please contact Executive Director Linda Austin at 602-496-9187. Please sign up for biweekly updates on additional free training.
The Continuing Education Department at Columbia Journalism School has announced its spring 2012 course schedule! These workshops offer journalists and media professionals an opportunity to acquire new skills and raise their game: Social Media Weekend, January 27-29; The Business of Getting Published, March 1, 8, 15, 22 & 29; Investigative Journalism Skills, March 10 & 11; Intro to Multimedia Storytelling, March 12-16; Advanced Multimedia Storytelling, March 19-23; Data Visualization, March 24 & 25; Follow the Money: Business Reporting, March 31 & April 1; Covering Health, Hospitals and Welfare, April 14 & 15; New World of Journalism in the Digital Age, May 21-25. For many of these courses, members could apply for an Ed Swietnicki grant. To find out more information or to register, please visit www.journalism.columbia.edu/ContinuingEducation.
The cast and crew of the 2011 Financial Follies celebrated their performance at the annual cast party which was held at the Junior League HQ on the Upper Eastside on Saturday, January 14, 2012. At the gala event, NYFWA president Imogen Rose-Smith presented the Emil Meier Award to Conway Gittens (see photo). The Emil Meier Award honors an NYFWA member for outstanding contributions to the Follies. Conway, a former NYFWA president and long-time Follies participant, has played a valuable role in every show for a decade. The plaque read: “A journalist with Broadway skills, you lit up the stage with your presence and talent. As president, you showed you could woo and silence an unruly crowd. From behind the camera, you introduced a new Follies tradition: the NYFWA members’ video. May your contributions continue for decades.” The partiers enjoyed the cocktail hour in the Pine Room (complete with video of the show) then dined and danced in the JL party room. Most importantly, the guests picked up their swag on leaving: a gift box for treasures and a DVD of the 2011 Follies. Click here for more photos.
NYFWA Ghostwriters Panel
Reported by Jacob Dilson
Good writing can be hard to channel into a paycheck. But on January 10, the New York Financial Writers’ Association received some words of wisdom from experts on how to market yourself, by coupling good writing with your favorite subject.
Dan Gerstein, founder and president of Gotham Ghostwriters. told the close to 40 NYFWA members assembled at Pete's Tavern, “Ghostwriting is officially a business, and a growing opportunity for writers.” The panel consisted of Gerstein, Ellen Neuborne, and Leah Spiro (see photo) and was moderated by Jan Alexander. Gerstein, who has also written for CNN and the Wall Street Journal, stood by his business last night and spoke of its benefits. “It’s basically shorthand for collaborative writing,” he explained, “and a good reason for writers to diversify their portfolios as much as they can, and be open to all sorts of different opportunities.” This revisits some age-old advice: Always keep an open mind, and never stop exploring. This is where freelancing comes in handy—for tackling a wide range of subjects is an education in itself, enabling you to write with more authority on more things. “As writers,” adds experienced “ghost” Neuborne, “we’re able to make our clients’ ‘doings’ interesting in book form.” This skill, combined with personal knowledge on a given subject, is what makes a journalist marketable as a ghostwriter.
Gerstein recommends that potential ghostwriters hone in on a field of interest and find patrons who trust you and appreciate your skills. No matter who that patron is, being assertive and knowing how much your services are worth is crucial to a good business deal. “When you charge a lot of money,” explains Gerstein, “people think you’re worth it. And it’s always good to have a walkaway price.” Additionally, self-publishing has created a huge paradigm shift: bloggers, for instance, are getting book deals, which shows the benefits of putting yourself out there and getting an audience (not to mention having web skills). “Don’t hesitate to advertise yourself!” Gerstein stresses. “Being strong in a certain area is the key to self-marketing.” But once again—Your biggest selling point is prior knowledge. Enough of it can make your services invaluable, especially for non-writers who want a book to their name and on their marketing plan.
“This is not journalism,” says Neuborne. “You’re helping your client say something, rather than interviewing them and saying it on your own. Their words are what have to be there in the end.” But even though you’re bound in this sense, with book-writing comes the freedom to include everything that would have been too big for an article. Plus, you may earn a place in the credited author’s acknowledgements. Writers are frequently told to “write what they know.” What easier skill is there to advertise? And what can possibly be better than getting paid to do so? Click here for more photos.
ATTENTION BUSINESS JOURNALISTS: Columbia University is now accepting applications for the 2012-2013 Knight-Bagehot Fellowship in Economics and Business Journalism. WHO IS ELIGIBLE? Professional journalists with at least four years’ experience as full-time editorial employees of newspapers, magazines, wire services, or broadcast news organizations and freelance journalists. WHY SHOULD YOU APPLY? To learn more about business, economics and finance. HOW WILL YOU LEARN? Through nine months of rigorous study at Columbia’s Graduate Schools of Journalism, Business, Law and International Affairs; participation in off-the-record seminars and dinner meetings with corporate executives, economists and academics; briefings and field trips to New York-based media companies and financial institutions. QUALIFICATIONS: Demonstrated journalistic excellence. There are no age requirements or educational prerequisites. Qualified Knight-Bagehot Fellows (those with a B.A. degree from an accredited college) may be eligible to receive a Master of Science in Journalism upon completion of this rigorous program. THE FELLOWSHIP YEAR: Mid-August 2012 to mid-May 2013. AWARD: Full tuition, plus $50,000 stipend. APPLICATION PROCEDURE: Submit a completed application form along with
• a professional resume;
• an autobiographical essay describing your journalistic accomplishments and your future plans;
• an essay of less than 1,000 words on a business or economic trend;
• four original samples of work produced during the last five years;
• college or university transcript(s)
• three letters of reference from persons in a position to comment on your performance and potential for covering business and economic news.
APPLICATION DEADLINE: Candidates are responsible for arranging that all materials, including transcripts and letters of recommendation, arrive in our offices by March 1, 2012. Mail to: Director, Knight-Bagehot Fellowship, Graduate School of Journalism, Columbia University, 2950 Broadway, New York, NY 10027. For applications and further information, call 212-854-6840 or visit the website at www.journalism.columbia.edu/knight-bagehot Awards will be announced by May 1, 2012
Congratulations to NYFWA member and Follies star Carolyn Crapo who just joined the firm of Dubick & Associates, led by NYFWA member Libby Dubick.
Freelance writers had a good year in 2011, according to a survey conducted by SABEW (Society of Business Editors and Writers). Nearly half of the freelancers surveyed saw an increase in compensation.
The New York State Society of Certified Public Accountants invites journalists to submit entries to its Excellence in Financial Journalism Award. There are new entry forms this year. Deadline is February 2, 2012. If you have any questions, contact Lois Whitehead at firstname.lastname@example.org
Best wishes to NYFWA member and former board member Barry Rehfeld on the January publication of his new book: Home Sweet Zero Energy Home.
Congratulations to NYFWA member Maneet Ajuha, producer of CNBC’s Squawk Box, for being named one of the 30 Under 30 Rising Stars in Media by Forbes Magazine. Maneet is a hedge fund expert & WSJ veteran who has been on Wall Street since she was 17.
The Society of American Business Editors and Writers’ 17th annual Best in Business Awards Competition is now open. The final deadline is 8 PM Eastern time Tuesday, January 24, 2012. SABEW memberships must be paid and current at the time entries are filed. Content from calendar year 2011 is eligible. Those who enter individual contests through January 4 are rewarded with an early entry fee of $55, $5 less than the regular rate. Entries received after that date and until January 24 will be $60 each. For general excellence categories, each entry is $125 if received before January 5 and $135 after that. The BIB competition was developed in 1995 to honor the best of business journalism published, broadcast and posted in a calendar year. Winners will be honored at SABEW's spring conference March 17 in Indianapolis. Please see sabew.org for more information.
NYFWA members Tom Herman and Katherine Heires were among those in attendance at a sold-out event at the Museum of American Finance on December 7, 2011, to hear Paul Volcker, the former chairman of the board of the Federal Reserve, in conversation with Dr. Richard Sylla, the Henry Kaufman Professor of the History of Financial Institutions and Markets at the NYU Stern School of Business. The two-hour event was held in the main exhibition space of the museum at 48 Wall Street - amidst a display of Wall Street trading technology employed over the decades. Volcker shared his thoughts on topics such as the European sovereign debt crisis, the Fed's actions during the financial crisis of 2008, whether or not a higher rate of inflation would in fact, help our economy and Wall Street's response to the proposed Volcker Rule. Attendees were invited to participate in a lively Q&A, attend a post-interview cocktail reception and review the current MOFA exhibit - "Checks and Balances: Presidents and American Finance" on the financial challenges faced by American presidents both in the Oval office and in their personal lives. A financially, edifying time was had by all!
The RobotDough Software Corporation has issued a call for entries in a writing competition for finance students. The competition, initiating an annual series, requires use of RobotDough’s online equity research platform to deliver 500-word reports on the world’s equity markets. A panel of expert judges will select five winners, each of whom will receive cash prizes and continuing blogger or analyst positions with RobotDough.com. The top winner will receive $1000, a blogger post at RobotDough.com, and the opportunity for a paid contract writing position, with byline, with InvestorPlace.com, a fast-growing financial website. Finalists will also have the opportunity to contribute to “The RobotDough Guide to Quantitative Investing,” a book, to be published in 2012. The articles will be judged on writing ability, accuracy and insight. The essays will cover five categories including: 1) New Trading Ideas (long, short), 2) International Focus, 3) Strategy Development (with Backtesting), 4) Industry Focus, and 5) Country Focus. The competition, beginning November 1, 2011 and concluding March 1, 2012 is limited to enrolled students of recognized colleges and universities, as well as alumni within one year of graduation. Entrants must register as a blogger on the RobotDough.com Blog (http://blog.robotdough.com) and submit their entries as blog posts. All entries must follow posted editorial guidelines and are subject to editorial review before being published. In addition to the top prize of $1000, $500 will be awarded to two second-place essayists, and $250 awarded to two third place essay writers. Winners will be announced March 31, 2012.
Congratulations to former NYFWA president Rich Koreto who was just named Online Content Editor at the NY State Society of CPAs.
Gorkana reports that NYFWA member Alexander Osipovich is now a reporter at Energy Risk based in New York. He joined last year when he was a Knight-Bagehot Fellow at Columbia University.
According to Gorkana, long-time NYFWA member Dan Colarusso will be joining Reuters as Global Head of Programming where he will oversee development of the Reuters financial video service. He had been managing editor at Bloomberg TV since 2009.
Gorkana reports that NYFWA member Allan Chernoff has joined Fleishman-Hillard as a senior business media consultant. Allam had been a senior correspondent at CNN covering business and personal finance since in 2001. Good luck Allan!
NYFWA member Julie Jason has a book, Managing Retirement Wealth: An Expert Guide to Personal Portfolio Management in Good Times and Bad (Sterling Publishers), which debuted last week in the #3 spot on Amazon's "Hot New Releases in Personal Finance." The book is a sequel to her AARP Retirement Survival Guide: How to Make Smart Financial Decisions in Good Times and Bad (Sterling Publishers) which garnered recognition from the American Library Association (earning placement on Booklist's Top Ten Business Books for 2010) and won the top award in a number of competitions. Congrats Julie.
Best wishes to NYFWA member and former scholarship winner Tori Finkle. Gorkana reports that the former associate editor covering environmental policy at Inside Washington Publishers has joined the American Banker as a reporter covering consumer finance.
The New York Financial Writers Association presented James B. Stewart, New York Times columnist and award-winning financial journalist and author, the 2011 winner of the NYFWA’s Elliott V. Bell Award, honoring an individual’s lifetime contributions to the field of financial journalism. The award was presented by Stewart's former colleague, Steven R. Swartz, a former Page One editor at The Wall Street Journal, now chief operating officer of Hearst Corporation, (see photo at right)at a Wine & Cheese reception at CUNY Graduate School of Journalism on October 19, 2011. Stewart credited his success to finding a job he loved to do every day. Click here for Steve Govoni's photos. Stewart currently writes the “Common Sense” column for the Business Day section of The New York Times. In 1988, he won the Pulitzer Prize for Explanatory Journalism for his articles in The Wall Street Journal about the 1987 dramatic upheaval in the stock market and insider trading. These writings led to the best-selling Den of Thieves that recounted the criminal conduct of Wall Street arbitrager Ivan Boesky and junk bond king, Michael Milken. He was named Page One editor of The Journal in 1988 and stayed with the paper until 1992 when he left to help found SmartMoney. DisneyWar, his 2005 book on Michael Eisner's reign at Disney, won the Gerald Loeb Award for Best Business Book. He is the author of 11 books including Tangled Webs: How False Statements are Undermining America from Martha Stewart to Bernie Madoff and Blind Eye: The Terrifying Story Of A Doctor Who Got Away With Murder, which won the 2000 Edgar Award in the Best Fact Crime category. He also won the George Polk Award in 1987 and Gerald Loeb awards in 1987, 1988 and 2006. Trained as a lawyer, he was previously the executive editor of American Lawyer magazine. He is a regular contributor to The New Yorker. He is a graduate of DePauw University, where he serves on the board, Harvard Law School, and Columbia University Graduate School of Journalism where he is now Bloomberg Professor of Business and Economic Journalism.
Long time member and former NYFWA president Bob Shortal died this week. A memorial service will take place on Saturday, October 22, at noon at Our Lady of Victories Church, 150 Harriot Avenue, Harrington Park NJ 07640. Bob was the unofficial historian of the NYFWA. For more information and condolences see: http://hosting-10528.tributes.com/show/Robert-G.-Shortal-92528614
Congratulations to former NYFWA president and current board member Britt Erica Tunick and Julien Bellorgey on the birth of their son, Cole Pierre Sol, on September 29, 2011. Cole weighed in at 7 lbs., 9 oz. and was 20.5 inches long.
Toby Strachan, the widow of former NYFWA president Stan Strachan, passed away on October 10, 2011 at the age of 67. In lieu of flowers, donations in her memory can be made to Weill Cornell Medical Center (Oncology Department) at 646.317.7300.
NYFWA members should apply now to the next New York Times Institute on Education Reporting on Oct. 28-29 at Columbia Journalism School. The subject is coverage of standardized testing. Fights over high-stakes standardized testing of students continue around the country. Now, a new controversy rages: the use of student scores on standardized tests to grade the performance of individual teachers. Based on scores, students can be held back, teachers can be fired and schools can be closed. Yet profound questions plague unfettered testing. Are the tests statistically reliable? Is high-stakes testing politically feasible? And are the tests educationally sound? The two-day intensive workshop will tackle these questions and more. Educators, testing experts and veteran journalists will gather to discuss how to report on test design, innovation in testing, cheating, and whether widespread use of standardized tests can trigger reforms that will eventually narrow the achievement gap between rich and poor. To apply, email a one-page statement explaining why you want to attend along with links to three examples of your work to: Barbara Kantrowitz (email@example.com). The application deadline is Oct. 17. Hotels and workshop admission fees for 15 participants are covered by the grant.
Former NYFWA president Susan Lisovicz joined current board members Imogen Rose-Smith (president), Sheila Mullan, Terry Wooten, and Jane Reilly, executive manager, at a US State Department-sponsored reception for foreign business journalists at the US Mission to the United Nations building on Thursday, September 22, 2011. The event was part of a two-week tour of the US for the traveling band of 17 journalists, who had been selected by US embassies throughout the world, to take part in the International Visitor Leadership Program. The State Department contacted the NYFWA to ask for its participation in a reception to introduce the group to financial journalists in New York City. The NYFWA members described how they cover their markets and took part in a lengthy and lively Q&A. The foreign journalists were from Burma, China, Macedonia, Panama, Rwanda, Saudi Arabia, Sudan, Syria, and Turkey, among others.
The Donald W. Reynolds National Center for Business Journalism is offering fellowships worth $2,000 for four days of study in business journalism Jan. 2-5 in Phoenix. Fellowships cover training, lodging, materials and most meals. Fellows receive a $500 stipend to offset travel and other costs. Deadline to apply online is Nov. 1. · The journalists' Strictly Financials Seminar teaches the essentials of covering financials, from stock markets and bonds to financial statements and company research. · The Business Journalism Professors Seminar covers the essentials of teaching a university course in business journalism. The seminars will occur during Reynolds Business Journalism Week at Arizona State University's Walter Cronkite School of Journalism and Mass Communication. For more information, Contact Reynolds Center President Andrew Leckey at firstname.lastname@example.org or 602-496-9186.
Gorkana reports that NYFWA member (and Hacks player) Mark Lieberman, previously a senior economist at Fox Business Network, has been named senior economist and managing editor at Chandan Economics. He will take primary responsibility for the flagship publication, the Commercial Real Estate Macro Monitor.
Congratulations to NYFWA member Cezary Podkul who just started as a reporter for Reuters new computer-assisted reporting team. Cezar won an NYFWA scholarship in 2009.
Healy Corporate Communications invites NYFWA members to view News Nuggets, a regular compilation of company developments created specifically as a resource to media -- including a listing of expert commentators and background sources available to discuss major events and breaking news (e.g., jobs reports, economic stimulus proposals, hurricane preparedness). The brief encapsulations are available on www.healycorp.com/news-nuggets and via Facebook, Twitter and Linkedin.
The New York Financial Writers Association is pleased to announce that James B. Stewart, New York Times columnist and award-winning financial journalist and author, is the 2011 winner of the NYFWA’s Elliott V. Bell Award, honoring an individual’s lifetime contributions to the field of financial journalism. Stewart currently writes the “Common Sense” column for the Business Day section of The New York Times. In 1988, he won the Pulitzer Prize for Explanatory Journalism for his articles in The Wall Street Journal about the 1987 dramatic upheaval in the stock market and insider trading. These writings led to the best-selling Den of Thieves that recounted the criminal conduct of Wall Street arbitrager Ivan Boesky and junk bond king, Michael Milken. He was named page one editor of The Journal in 1988 and stayed with the paper until 1992 when he left to help found SmartMoney. DisneyWar, his 2005 book on Michael Eisner's reign at Disney, won the Gerald Loeb Award for Best Business Book. He is the author of 11 books including Tangled Webs: How False Statements are Undermining America from Martha Stewart to Bernie Madoff and Blind Eye: The Terrifying Story Of A Doctor Who Got Away With Murder, which won the 2000 Edgar Award in the Best Fact Crime category. He also won the George Polk Award in 1987 and Gerald Loeb awards in 1987, 1988 and 2006. Trained as a lawyer, he was previously the executive editor of American Lawyer magazine. He is a regular contributor to The New Yorker. He is a graduate of DePauw University, where he serves on the board, Harvard Law School, and Columbia University Graduate School of Journalism where he is now Bloomberg Professor of Business and Economic Journalism.
The NYFWA membership is invited to the Elliott V. Bell Award presentation ceremony on Wednesday, October 19, at 7 PM, at the CUNY Graduate School of Journalism, 219 West 40th Street. There will be a wine & cheese reception following the award presentation. RSVPs are essential: email@example.com. (Your name must be on the list to be admitted to the CUNY building.) For a complete list of previous winners, seehttp://www.nyfwa.org/bellwinners.htm
More than 30 members and friends braved the downpour on Tuesday, September 6, to hear NYFWA board member Simon Constable discuss the new book he wrote with Robert Wright, The WSJ Guide to the 50 Economic Indicators That Really Matter. Among the topics covered at the historic Pete’s Tavern were: What do zombies, vixens and Big Mac's all have in common? Why is the Baltic Dry Index so-called when it involves lots of water? Why do hard working economists care about slack? And why do investors look at the crack spread? The always engaging Simon answered questions and explained why even economic indices can be fun. On Wall Street had named The WSJ Guide to the 50 Economic Indicators That Really Matter as one of seven must-summer reading books.
Gorkana reports that NYFWA member Jeff Roberts has joined paidContent.org as a staff writer covering patents, copyright and other legal issues affecting the development of online media. He previously covered law for Reuters.
This fall the Continuing Education Department at Columbia Journalism School is expanding its professional development courses in reporting and writing and in digital journalism for non-degree students. Courses focus on incorporating multimedia into digital storytelling, utilizing fast-changing social media platforms in reporting, and building skills to dig deeper and improve in areas like education, health, financial news coverage and investigative reporting. They will also offer specialized workshops on analyzing the changing global media landscape and on reporting from crisis zones. Digital Media Programs: Better Social Media for Journalists: Oct. 6, 20 & Nov. 3, 17; Introduction to Digital Media Storytelling, 5-Day Boot Camp: Oct. 17-21; Advanced Digital Media Storytelling: Oct. 24-28; and Advanced Social Media One-Night Stand: Dec. 1. Accountability Reporting: Beyond the A, B, C’s of Covering Schools and Education: Oct. 1, 15, 22, 29; Covering Health, Hospitals and Welfare: Oct. 15, 22 & Nov. 5, 12; Investigative Skills for Beat Reporters: Oct. 22, 29 & Nov. 5, 12; and Covering Business on Any Beat: Oct. 22, 29 & Nov. 5, 12. Specialized Workshops: New World of Journalism in the Digital Age, Oct. 10-14 and Reporting in Crisis Zones, Nov. 11-13. For detailed course descriptions and other information, please visit: http://bit.ly/CUJSchoolContinuingEd.
NYFWA member Michael Hayes has a showing from October 3-28, 2011, at The Atlantic Gallery (http://www.atlanticgallery.org/) entitled “Michael Hayes, Essentially a Retrospective,” spanning oils, collages, and papier mache works from 1984 to 2011. It is the first comprehensive show of historic and recent works from the artist hailed as a “gift to the collage.” Atlantic Gallery Hours: Tues–Sat, Noon to 6:00 PM; 135 W. 29th St. Suite 601, New York, NY 10001, 212-219-3183. Click here for more info.
If you missed NYFWA member Ali Velshi on The Daily Show with Jon Stewart, see it here.
U.S. business journalists reported a median salary of $56,220 for 2010-11, according to research for the Donald W. Reynolds National Center for Business Journalism. Other findings: 14 percent of those business journalists surveyed in mid-July said their newsroom was currently hiring full-time journalists, and one in five said their newsroom had shrunk in the past six months. The research also found this breakdown for median salaries by place of employment in 2010-11: Print, $50,100; Freelancing, $54,091; Broadcast, $55,588; Online, $57,308; Wire services, $78,438. Click this link for more info.
ASU’s Donald W. Reynolds National Center for Business Journalism that business journalists expect business conditions in their areas to improve in the next six months, according to a new survey commissioned by the Donald W. Reynolds National Center for Business Journalism. In a phone survey of 300 business journalists conducted nationwide in mid-July, many described their local economies as suffering. One in three said business conditions were bad. Four out of 10 said jobs were hard to get. But they expressed optimism that their local economies would improve, with only 6 percent saying they expected things to worsen in six months.
Gorkana reports that NYFWA member Eileen Gunn is now the Founding Editor of FamiliesGo! (www.familiesgotravel.com), a website that launches next week to provide tools, tips and a family-centric hotel guide to help busy parents plan their vacations. She continues to blog for inc.com and to freelance service, lifestyle and personal finance stories. Good luck, Eileen.
Diana Henriques, Senior Financial Writer of The New York Times, was the featured speaker at the New York Financial Writers Association's July book night at Pete's Tavern on July 18, 2011. A long-time NYFWA member and Elliott Bell Award winner, Henriques packed the second floor of New York's oldest tavern with tales from her best-selling book "The Wizard of Lies: Bernie Madoff and the Death of Trust." Henriques had unprecedented access to the king of Ponzi schemes and shed considerable light on his personal Scamalot. Click here for photos.
NYFWA member Justin Block was interviewed about tax tips for freelance writers and others by boomerandthebabe.com, a Web site that broadcasts via Blog Radio. The interview of 60 minutes mostly on ways to save taxes for 2011 and gain a head start for 2012. Topics include home-office deductions, how the IRS decides which returns to audit, amending returns, and whether to do returns yourself or use paid preparers. The link is below: Boomer and The Babe Show w Tax Attorney Julian Block Jun 20,2011
The Donald W. Reynolds National Center for Business Journalism is accepting applications for the 2011 Barlett & Steele Awards for Investigative Business Journalism at BusinessJournalism.org. Named for two-time Pulitzer Prize winners Don Barlett and Jim Steele, the fifth annual awards celebrate the best in print and online investigative business journalism. This year, a bronze award of $1,000 has been added, joining the gold award of $5,000 and the silver award of $2,000. Judges will be looking for investigative enterprise, strong business theme, elegant writing style, clarity and impact. Entries must have appeared in print or online in the year ending June 30. Deadline to apply online is Aug. 1. For more information, visit BusinessJournalism.org, or email or call center President Andrew Leckey at 602-496-9186.
Congratulations to NYFWA Treasurer Jan Alexander who has just accepted the position of senior writer at AR Magazine. Good luck Jan!
Gorkana reports that NYFWA member Jennifer Haley is now a Senior Producer/Manager at CBS Interactive in San Francisco. In her new position, she will be managing and producing content related to technology, business and personal finance for CBS Interactive properties. Jennifer was most recently a Knight-Bagehot Fellow at Columbia University and before that a Producer at CNN. Good luck Jen!
NYFWA member Ali Velshi will be getting a new show and a lot less sleep. Called “Wake up Call,” the CNN show will run from 5-6 AM ET Monday-Friday from June 27 until at least September 23, 2011. Ali will continue to co-host “American Morning,” which begins immediately following “Wake Up Call.”
The Puerto Rican Day parade may have drawn the crowds, but the excitement was on field #7 in Central Park on Sunday, June 12, where the undermanned Flacks avenged last year’s loss with a thumping 16-7 win over the Hacks in the annual NYFWA Hacks vs. Flacks softball game and picnic. Ably captained by Alex Samuelson, the Flacks put on a hitting clinic led by second-time game MVP Tom Mulligan (5/5 with 4 runs scored) and supported by first baseman Kim Norris, Andrew Mulligan and Dave Hammarström (who also won the greatest distance traveled prize for coming all the way from Providence). This year the Flacks brought their gloves in earnest, exemplified by the devastating shortshop Alex to second baseman Anna Davis combination that ended many a Hacks rally.
The Hacks had some firepower of their own with Hajime Matsuura taking the team MVP prize for both his bat (3/4) and some major league plays at short. Most of the pitching duties were shared by Hacks captain Barry Rehfeld and first baseman Mark Lieberman with Mike Reilly behind the plate. As lopsided as the score was it would have been worse had it not been for some stellar plays and key hits by Jeff Kearns, Jeff Roberts and Dan Gerstein. Jill Krasny took home the rookie of the year award. After team photos, the players joined NYFWA picnickers for some post-game treats. With its decisive victory, the Flacks may have demonstrated they have moved past the “Rich Adamonis” era. Left to right, kneeling, Reilly, Lieberman, Davis, Samuelson, Krasny, and Rehfeld; standing, picnickers Gail Silberman and Carolyn Crapo, Roberts, Andrew Mulligan, Tom Mulligan, Hammarström, Gerstein, Kearns, Norris, and Jane Reilly. Click here for more photos by Jeff Kearns.
Just off the Galleon insider trading trial, Preet Bharara, the US Attorney for the Southern District of New York, spoke to the New York Financial Writers Association on Monday, June 6, at the CUNY Graduate School of Journalism. He discussed the many accomplishments of his office and what it takes to win complex white-collar crime cases. Dan Colarusso, Bloomberg TV managing editor, led the Q and A. Contrary to a recent Wall Street research report suggesting a criminal prosecution of Goldman Sachs would be perilous, Bharara said no firm is too big to be prosecuted. In addition, the NYFWA awarded 10 scholarships totaling $30,000 to students in the tri-state area who are pursuing careers in business and financial journalism. Click here for photos by Steve Govoni. See the following news reports: NY Post, Wall Street Journal, New York Times, Financial Times, The Independent, Reuters, Fortune and Investment News.
On Wall Street has named The WSJ Guide to the 50 Economic Indicators That Really Matter by NYFWA board member Simon Constable and Robert Wright as one of the seven books that are must summer reading. Mag Black-Scott, President and CEO, Beverly Hills Wealth Management described it as: “Apart from the usual markers -such as durable goods orders, existing home sales, weekly leading index, etc. - this book offers others that I think really resonate, such as “the Zombie Bank” ratio and “Fertility Rates” that indicate demographic changes. There are also some fun facts along with the serious issues, and it’s written in a breezy style so advisors can suggest their clients read it to help them better understand the issues at hand.”
Congratulations to NYFWA member Allan Chernoff and his CNN colleagues Mark Marchione and Tom Mucchio for winning the Deadline Club Award for Feature Reporting for their report on “Hummer Fever.”
Congrats to NYFWA member and scholarship winner Ian Thomson. Gorkana reports that he will be joining the U.S. stock markets team as a reporter at Dow Jones Newswires, where he will be focusing on equities analysis. He previously served as an intern at Dow Jones Newswires and Bloomberg News.
On May 3, 2011, veteran journalist and NYFWA member William Holstein discussed his new book, "The Next American Economy: Blueprint for a Real Recovery," with members and prospective members of the New York Financial Writers Association. Part of Holstein's prescription is spend, spend, spend—on innovation. But he also has a powerful message to journalists everywhere: the last person you should talk to about wealth creation is an economist. “The economists that journalists quote all the time don't really know what they're talking about,” says Holstein. “Journalists need to do more of their own thinking about what's really happening in the U.S. economy.” Countering Holstein's broadside on economists was NYFWA member Peter Coy, Economics Editor at Bloomberg Business Week. Kudos to NYFWA Program Chair Jan Alexander, who set up the event. Click here for photos.
Gorkana reports that NYFWA member Alison Ciaccio has been named Associate Editor for oil at Platts in New York. Congrats!
Congratulations to NYFWA member Hajime Matsuura who was among the 10 Knight-Bagehot Fellows in economics and business journalism named by the Columbia University Graduate School of Journalism for the 2011-2012 academic year. The mid-career fellowships provide full tuition and a living stipend of $50,000 for experienced journalists to take graduate courses at Columbia's Schools of Business, Law, and International and Public Affairs. Fellows also attend special seminars at the Journalism School led by scholars and business experts during the nine-month program, which begins in August. The program is open to journalists with at least four years of experience. The others include: Lisa Chow, 34, economics reporter for WNYC Radio; Thomas Gryta, 35, Dow Jones Newswires; Noa Kolp, 31, a correspondent based in New York for Israel’s Globes business newspaper and Channel 10; Anora Mahmudova, 33, news web editor for the Financial Times; Dave Michaels, 35, Washington correspondent for business news for The Dallas Morning News; Karla Palomo, 33, Fox News Network; Asher Price, 32, the environmental reporter for the Austin American-Statesman ; Andres Schipani, 33, Financial Times; and Nick Tattersall, 33, Reuters. Hajime is senior columnist in the New York bureau of The Sankei Shinbun, one of the most influential national newspapers in Japan. Writing in his mother tongue, Japanese, he also contributes for publications such as Toyo Keizai and Economist Japan. He moved to New York in 2006 to be U.S. senior correspondent of NIKKEI, where he led many task forces and won numerous prizes for investigative stories on high profile corporate and legal cases. He is currently writing a book about U.S. capitalism.
NYFWA member Julian Block has recommended that freelance writers visit the website of the National Association of Realtors for the general public, houselogic.com and click "Taxes & Incentives." Next, click "Home Office Tax Deductions: Tips to Get It Right" for a slide show. The slides pair attention-getting images with brief explanations of what expenses are allowable for writers and other individuals who operate businesses from their homes. The explanations alert them to opportunities to save taxes this year and get a head start for next year.
Gorkana reports that NYFWA member Michael Shari has been named a Contributing Editor for the print edition of Barron's. He was most recently a columnist for AOL DailyFinance and has been contributing to Global Finance, FTfm, and Risk Professional among others.
NYFWA member Jon Jacobs is striving to be part of the solution for financial and business writers who see fewer and fewer paying outlets for their skills. This Friday (April 29), Jon will speak on "Leveraging Your Writing Skills for Corporate Clients," in a panel session at the American Society of Journalists and Authors (ASJA) 40th Annual Writer's Conference. The session runs from 10:15-11:45 a.m. at the Roosevelt Hotel, 45 East 45th Street. Topics covered by Jon and his 3 fellow panelists include similarities and differences between journalistic and corporate projects, the best ways to prospect for corporate assignments, rates and rights for corporate writing, ethics and negotiating tips, and the psychic rewards of being a corporate writer. Capsule bios of the 4 panelists can be found here. The full conference program can be seen at http://www.asja.org/wc. Although Jon's session on Friday is restricted to ASJA members, the conference program on Saturday and Sunday is open to the public (for a fee).
NYFWA members Myron Kandel and Katherine Heires were both in attendance at the annual and 48th meeting of the Society of Business Editors and Writers (SABEW) in Dallas this month.. Reps from Google, the SEC, the Federal Reserve and Consumer Financial Protection Bureau spoke and were grilled by reporters in attendance; journalists Don Barlett and Jim Steele - investigative reporters for Vanity Fair - received the SABEW Distinguished Achievement Award; and football legend Roger Staubach showed up to chat about business and football. A grand time was had by all in the Big D.
The NYFWA held its first joint mixer with the First Thursday media club, thanks to the efforts of NYFWA board member Jeff Kearns and co-host Spencer Ante. The group of 60 or so swarmed into the Aspen Social Club, decorated in a wooden ski lodge style, in the Stay Hotel in midtown. Participants socialized and chatted about financial market matters to the background of a DJ playing music. Among those from NYFWA were:NYFWA board members Jeff Kearns, Sheila Mullan (NYFWA membership chairwoman), and Simon Constable, and well as Jeff Roberts, Michael Shari, Bill Gerdes, Mohammed Nassar, Janice Fiorvante, and Bruce Fraser. Longtime NYFWA member Paul Sweeney also showed up from Austin TX. Among those from First Thursday: Nikkei Business magazine's Michael Senyszyn, Wall Street Journal/Digital Network's Harlan Reinhardy, Dow Jones' Brendan Conway, Bloomberg's John Dextrihe, Dow Jones/Wall Street Journal columnist Peter Gallagher and reporter Dow Jones/Wall Street Journal reporter Erik Holm. Other media mixers included Beth Jinks, Kristen Haunss, Anna Jackson, and Eric Martin, Bloomberg; Joe Checkler, Joe BelBruno and Roger Cheng, Dow Jones; Shelly Banjo, WSJ; Arik Hesseldahl of All ThingsD; and David Gelles and Telis Demos, FT. Mayor Bloomberg's press secretary Stu Loeser even stopped by. A good time was had by all.
NYFWA member and former board member Grace W. Weinstein is being awarded the ASJA Founders' Award for Career Achievement at the Annual Meeting of the American Society of Journalists & Authors on April 29, 2011. A freelance financial journalist with 13 books to her credit as well as numerous magazine and newspaper articles, Grace has been a regular columnist for publications ranging from Good Housekeeping to the Financial Times. She has served volunteer terms on the Consumer Advisory Council of the Federal Reserve Board in Washington as well as the Copyright Clearance Center. She is currently treasurer of ASJA's Writers Emergency Assistance Fund, which makes grants to professional writers suffering from disabilities that make them unable to work.
Past and present NYFWA board members (Sharon Gamsin, Barry Rehfeld, Susan Rodetis, Rich Wilner, and Terry Wooten)were among the judges for the New York State Society of Certified Public Accountants (NYSSCPA) Excellence in Financial Journalism Awards. These awards recognize reporters from the national and local press who contribute to a better understanding of business topics. The awards will be presented on May 10 at the Yale Club in New York City. Congratulations to NYFWA member Tom Herman, The Wall Street Journal, who won the Print/General Audience/Newspaper Over 1,500 words for “How to Fight the IRS. What to do or not do when audited by the IRS”. A complete list should be available on its website.
Gorkana reports that s NYFWA member Frances A. McMorris has been promoted to Editorial Director, Special Projects, Investment Advisor Group at Source Media. She is coordinating AdvisorTV for the IAG group’s three websites, including onwallstreet.com, and serving as chairperson of the Women Advisor Forums. She continues in her role as Editor-in-Chief of On Wall Street magazine.
NYFWA members who attended the CFA Institute program on “How to Interview the CEO” were treated to a valuable and critical lesson in how to parse a financial press release to uncover what the company does not want you to know. This was the second seminar that CFA Institute conducted for the NYFWA, both taught by Tom Robinson, head of educational content at the CFA. A former professor at the University of Miami, Robinson has a PhD from Case Western Reserve University. He used a recent press release from Wal-Mart as the model and explained how several indicators should be that might point to new policy and corporate directions. He suggested such research could help reporters formulate questions that could transform an interview form a mundane story to a ground-breaking one.
NYFWA president Imogen Rose-Smith, treasurer Pierre Paulden, and board member Sheila Mullan joined Jane Reilly at the NYFWA booth at the Columbia Journalism School’s annual career fair on March 26, 2011, This is the fifth year in a row that the NYFWA participated and once more, the NYFWA table was packed with students wanting to learn more the organization’s scholarship program (deadline April 15) and its programs. Many signed up at the special student rate of $10 per year.
Print is alive and well. Read this article in Editor & Publisher about 10 newspapers that are doing things right.
John Concannon, former president of the NYFWA (1971-72) and PR director for the Big Apple's St. Patrick's Day Parade for nearly 20 years ('66-85), died March 3 in Austin. He was 86. Follies participants will remember him for his famous Kiki bird routine. Johnny got his journalism start in the mail room at Collier's Magazine. He worked there for six years, departing in 1954 as writer of the "What's New" column. Moving to Newsweek, Concannon rose to the associate editor slot before retiring in 1989. He then contributed to the Irish Echo, served as national historian for the Ancient Order of Hibernians, and co-wrote the book, "The Irish American Who's Who." Donations in his name go to the Irish Christian Brothers, 33 Pryer Terrace, New Rochelle, NY 10804. Click here for more information
Congratulations to NYFWA board member Terry Wooten who was named the Samuel Talbert Silver Em recipient for 2010 by the Meek School of Journalism and New Media at Ole Miss. The award, named for an early department chairman and leader in journalism education, is the most prestigious journalism award the university bestows. Wooten is the 52nd honoree in the recognition limited to native Mississippians or journalists who have spent a significant part of their careers in the state. Terry, who studied journalism at the University of Mississippi, is in charge of developing global news coverage in metals, energy and other commodities as the editor-in-chief of Kitco News, a division of Kitco Metals in Montreal. Wooten has a background in both financial and general news. From 2004 until 2009, he was managing editor/Americas, for the commodities service at Dow Jones Newswires. Earlier he was global editor-in-chief and vice president for OsterDowJones Commodities Service, a joint venture between Dow Jones and Oster Communications of Chicago. During seven years in London, Wooten reported and directed coverage of the European monetary crisis in the early 1990s, two British parliamentary elections, the Group of Seven economic summits, the World Economic Forum in Davos, Switzerland, and the Organization of Economic Cooperation and Development in Paris. He also spent eight years with United Press International, covering civil rights, politics and government in Mississippi, Virginia, South Carolina and North Carolina. He covered the federal court trials in Meridian of the Klansmen accused of killing the three civil rights workers in Philadelphia, and reported on several key school desegregation cases in Mississippi, South Carolina, North Carolina and Virginia, including the landmark Charlotte, N.C. and Richmond, Va., busing cases. During his earlier newspaper career, he was a reporter for the Oxford (Miss.) Eagle, managing editor of the Kosciusko (Miss.) Star-Herald, a reporter for the Northeast Mississippi Daily Journal in Tupelo, editor of the Alexandria (Va.) Gazette, editor of the Natchez (Miss.) Democrat and a business and a political reporter for the Wichita (Kan.) Eagle. The award will be presented at a luncheon on Thursday, March 31, in the Overby Center for Southern Journalism and Politics on the Ole Miss campus.
Registration is now open for this spring’s continuing education courses at Columbia Journalism School. Offerings include: Social Media One-Night Stand: an advanced workshop for journalists, media professionals and bloggers (offered this Thursday, March 3!); Smarter Social Media; and Introduction to Final Cut Pro: A 2-day Workshop. Visit: http://bit.ly/digital-media-training to view class descriptions.
NYFWA member Julian Block has the answers to your tax questions. Freelancers click here for great tax advice.
NYFWA president and 2010 Follies producer Imogen Rose-Smith presents perennial book + lyrics whiz Josh Friedlander with the Emil Meier Award in recognition of his yeoman work in creating the Follies the past five or more years. Named for a former member and long-time Follies volunteer, the award is given in recognition of the individual’s commitment, dedication, participation, and contribution to the Follies. The plaque read, “Follies producer extraordinaire and unflagging chair of the book committee. Your contributions have captured the Follies audience and transformed the show into must-see satire. From "General Spitzer" to "Fleeced is the Word," "Hack and Flacks," "Know When to Fuld Them," to “Never Never Trust BP” and “Bad Finance” the list goes on - earning you top billing in the Follies Lyricists Hall of Fame. Wall Street quakes to think what next year will bring.” The award was presented at the 2010 Follies cast party on January 29, 2011 at the Junior League. (Photo by Steve Govoni)
March 1, 2011, is the deadline for applying for Knight-Bagehot Fellowships in Economics and Business Journalism at Columbia Graduate School of Journalism. Application form and procedures may be found at: http://www.journalism.columbia.edu/page/249-application-procedures-knight-bagehot-fellowship/250
Congratulations to NYFWA member and scholarship winner Beth Braverman who is returning to her job at Money magazine following the birth of son, Solomon Penn Sadicario, who was born September 11, 2010, measuring 6 pounds, 7 ounces and 19 inches long. (But he’s SO much bigger than that now!) Beth, a graduate of the Columbia University Graduate School of Journalism, won a NYFWA scholarship in 2008.
The New York State Society of Certified Public Accountants (NYSSCPA) has added a ”book” category to its Excellence in Financial Journalism Award competition. The competition, introduced in 1992 to recognize reporters from the national and local press who contribute to a better understanding of business topics, currently judges entries in the categories of print, electronic media, wire services, radio and television. Books written by journalists and published between January 1 and December 31, 2010 have a December 31, 2010 deadline for submission. Authors can download an application for this category from the press room at the NYSSCPA’s website, www.nysscpa.org. Judges including NYSSCPA members and journalists from the New York Financial Writers Association will review entries and select the winner. The deadline for other non-book categories is February 1, 2011. A downloadable application form for this competition is also available in the NYSSCPA Press Room. A separate group of judges from the NYSSCPA and the NYFWA will review entries and select winners in all other categories. For additional information, contact Lois Whitehead, NYSSCPA Public Relations Manager at 212-719-8405 or firstname.lastname@example.org.
Gorkana reports that NYFWA member Daria Solovieva has joined the New York bureau of Energy Intelligence Group as a Corporate Reporter and will cover M&A activity, the oil services sector trends and related news. She recently completed a Master’s degree in Business Reporting from Columbia Graduate School of Journalism and has previously reported forBloomberg News and the Wall Street Journal.
In an informal survey, SABEW learned that freelance business journalists in North America make an average of $25,000-$30,000 per year, and two out of every five were laid off. More than two-thirds of those who responded said they would not go back to a full-time business news job if they could find one. They noted their flexible work schedules and ability to work for multiple media organizations and at home as reasons.
Former NYFWA president Susan Lisovicz has been named the Reynolds Visiting Professor in Business Journalism for the spring 2011 semester at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. At the Cronkite School, Susan will be assisting with business journalism and broadcast journalism courses, with an emphasis on helping Cronkite students produce business stories on the air. The position is made possible by a three-year, $390,000 grant from the Donald W. Reynolds Foundation. The Las Vegas-based foundation also supports the Donald W. Reynolds National Center for Business Journalism and the Donald W. Reynolds Endowed Chair in Business Journalism at the Cronkite School.
Gorkana reports that former NYFWA officer and current member Chana Schoenberger has joined The Wall Street Journal and Dow Jones Newswires as a Reporter covering corporate hedging. Chana moved to Tokyo with Forbes and later worked with Bloomberg there. Welcome home!
Sean Healy will be hosting media at the 2010 World Innovation Summit for Education (WISE) in Doha, Qatar, 12/7-12/9, www.wise-qatar.org. For those whose policies allow, the Qatar Foundation is paying for travel and accommodations for global media to cover the Summit. It's also a great opportunity for freelance journalists to gather fodder for story pitches. For those who can't travel, he can arrange phone interviews with Dr. Abdullah bin Ali Al-Thani, WISE chairman. A recent addition to the agenda is Jeffrey Sachs, the renowned economist and director of the Earth Institute at Columbia University. The Qatar Foundation will bring together some 1,000 political, business and educational leaders to discuss progressive measures in education -- from grade school through advanced degree programs. The main topics: "Improving Education Systems" (e.g., adaptable curricula), "Funding Education" (e.g., the role of families, gov't and private enterprise) and "Innovative Trends" (e.g., social media in education, cognitive science). Contact Sean at email@example.com
NYFWA member Irene Weissman lost her silver cuff bracelet the night of Follies somewhere at the Marriott Marquis. She is offering a reward. Contact her at irenesings2@Yahoo.com.
Congrats to NYFWA member Simon Constable and the staff at the Wall Street Journal Digital Network for winning a Media Vanguard Award (Advertising Age) for Best Business News Online Video Network and for “quietly building its video operations into a web-broadcasting powerhouse, with more than 700 new episodes of recurring shows and one-off reports produced per month.”
Congrats to former NYFWA scholarship winner Vonnie Quinn, Reporter, Bloomberg News, who was among 15 journalists and 15 professors selected by the Donald W. Reynolds National Center for Business Journalism for four days of intensive study in business journalism. They will attend separate, all-expenses-paid seminars during January 4 - 7 at Arizona State University’s Walter Cronkite School of Journalism and Mass Communication in Phoenix. (Gorkana)
NYFWA member Roslyn Bernstein has a new book out, Illegal Living: 80 Wooster Street and the Evolution of SoHo, co-authored with the architect Shael Shapiro, and published by The Jonas Mekas Foundation. The book is the biography of 80 Wooster, the first successful live/work artist coop in SoHo, organized by George Maciunas, the founder of the Fluxus art movement. It’s an intimate portrait of a single building over 40 years that highlights the complexity of an artist coop and puts into question any simple take on who wins and who loses when neighborhoods change.
NYFWA member and tax expert Julian Block has some great advice for NYFWA members, especially freelancers, on how to avoid an IRS tax audit.
Don't miss the Wall Street Journal's review of the 2010 Financial Follies.
Former NYFWA president Josh Friedlander and NYFWA member Jon Jacobs were among the winners in this year's ASBPE's Digital Azbee Awards competition. Josh was part of a team at AR that won the Gold medal for the "E-newsletter - News" category. Jon took home a silver in the "Original Web Commentary" category. Winners were announced in an ASBPE webcast on November 17. 2010. Jon's entry consisted of two columns published earlier this year while he was at his previous employer, eFinancialCareers. One column analyzed ramifications of the SEC's fraud suit against Goldman Sachs involving that firm's Abacus CDO deal. The other column outlined how the final shape of the Dodd-Frank Act would boost the value of banks' internal business analysts, accountants, legal staffs, and various other largely invisible, in-house functions associated with helping institutions both shape and adapt to the coming blizzard of new regulations. Congrats!
NYFWA member Joe Rosta will appear as a Peer in the Village Light Opera Group's Fall 2010 production of Iolanthe on Nov. 19-21 at the Michael Schimmel Center for the Arts at Pace University. You can buy tickets now and let Joe know when you're coming (firstname.lastname@example.org). For further information please visit www.VLOG.org or call Ovation Tix at 866-811-4111
Former NYFWA president Randy Forsyth reported that his aunt, long-time NYFWA member and long-time Follies performer Clare Reckert, passed away on November 4, 2010. His wife, Debbie Marchini, wrote, “The feisty girl wouldn't have wanted anyone to know, but she made it to 100 years old, and all but the last few were wonderful." Services have not been announced. A New York City native, Clare was The New York Times' first female financial writer and among the first women to break into the male bastion of business reporting. She was among the first women to join the NYFWA and was in the Follies until 2004. She won the Emil Meier award in 2002. Click here for story in O'Dwyer's.
NYFWA member Matt Wirz has been appointed Reporter at The Wall Street Journal covering credit. Previously he had been Editor-in-Chief at Debtwire, and before that he had served as a Senior Reporter at the International Financing Review. (Gorkana)
NYFWA governor Barry Rehfeld is writing a book, Home Sweet Zero Energy Home, to be published next fall by New Society Publishers. It'll be available in book stores in the U.S. and Canada and also can be bought directly from the publisher at: http://www.newsociety.com/NSPbuyourbooks.php (i.e. save address to favorites). Barry says the book is essential reading for anyone who owns or ever expects to own a home and has any interest in energy efficiency, renewable energy and the survival of life as we know it.
Gorkana reports that NYFWA member Eileen Gunn is a new contributor to the weekly financial features at Entreprener.com. Her column will offer advice, profiles and Q&As related to start-up and expansion financing and day-to-day operating issues like bookkeeping and accounting, setting salaries and pricing, payments and billing and taxes.
Gretchen Morgenson, assistant business and financial editor and a Pulitzer Prize-winning columnist for the New York Times is the 2010 winner of the New York Financial Writers Association's Elliott V. Bell Award. Morgenson has covered the world financial markets for The Times since 1998 and won the Pulitzer Prize in 2002 for her coverage of Wall Street. The Elliott V. Bell Award is named for the longtime editor of Business Week magazine who was the founding president of the NYFWA in 1938. It is awarded annually to "an outstanding journalist who has made a significant long-term contribution to the profession of financial journalism." Recent winners include Allan Sloan, Fortune (2009); Jerry Flint, Forbes (2008), and Diana B. Henriques, New York Times (2007). Click here to see complete list.
The award presentation ceremony was held October 7, at the CUNY Graduate School of Journalism, where Morgenson was introduced by Tim O'Brien, Sunday Business Editor of The Times. Click here for photos. Photo: Left to right, O’Brien, Morgenson, and NYFWA president Conway Gittens.
Congratulatiions to NYFWA member and recent NYFWA schoalrship winner Jeff Roberts who has just joined the Thomson Reuters Professional News team as Staff Writer covering law. Jeff holds an MA from the Columbia University Graduate School of Journalism and a law degree from McGill University. (Gorkana)
Kenneth S. Hackel, founder and president of CT Capital LLC, an institutional investment advisory firm specializing in the analysis of corporate cash flow and cost of capital in investment decision making, readily admitted to the NYFWA members assembled for the September Drink Night at Playwright’s Celtic Pub that his goal is to change the world, or at least, change the way securities analysts do their job. Here’s a hint: when evaluating a company’s stock price, free cash flow is a better indicator of worth than earnings. Ken’s theories will be further explained in his upcoming book, "Security Valuation and Risk Analysis: Assessing Value in Investment Decision-Making," to be published by McGraw Hill later in November. The book significantly extends the theories and analysis presented in his earlier book, "Cash Flow and Security Analysis," 2nd edition (McGraw Hill, 1995), which was suggested CFA reading. His new book provides extensive analysis and discussion of innovative methods for cost of capital and return on invested capital that are not dependent upon generally accepted accounting principles or market-derived measures of stock volatility. Instead, his risk models are based on cash flows and extensive credit analysis. In what he described as the new frontier of security analysis, Ken told the group that risk represents the single most important under-explored factor in security analysis and the primary reason for investor disappointment of their investment returns.
The latest from Gorkana: NYFWA member Lawrence Carrel has joined Kiplinger’s Personal Finance magazine as a contributing editor. He was previously contributing editor for several investment blogs including IndexUniverse.com, ETFs ForTheLongRun.com, SeekingAlpha.com and TheInvestorNetwork. He has also been a Staff Writer for The Street.com and SmartMoney.com and is the author of “Dividend Stocks for DUMMIES and ETFs for the Long Run,” a topic on which he gave a presentation at na NYFWA Drinks Night.
Gorkana reports that NYFWA member Jeannette Neumann has joined The Wall Street Journal, where she will be covering the municipal bond market and the credit-rating firms. Congratulations!
Best wishes to NYFWA member Jon Jacobs in his new position as Senior Fixed-Income Analyst at Interactive Data Pricing and Reference Data, Inc.
NYFWA member and former president Myron Kandel is a recipient of a 2010 Missouri Honor Medal for Distinguished Service in Journalism. The award will be presented to five leading journalists and an advertising executive, as well as two international organizations dedicated to press freedom, at a banquet on Thursday, October 28. The Missouri School of Journalism has awarded the Missouri Honor Medal for Distinguished Service in Journalism annually since 1930. Approximately 450 distinguished journalists, advertising and public relations practitioners, business people, institutions and media organizations have been received this prestigious award. Besides Myron the recipients are: James Balog, Founder and Director, Extreme Ice Survey and Earth Vision Trust; Cathleen Black, Chairman, Hearst Magazines; The Foundation for the Freedom of the Press (FLiP) Bogotá, Colombia; Dorothy J. Gaiter, Wine Columnist and Author; Larry Postaer, Co-chairman, Rubin Postaer & Associates; and Sandy Rowe, Editor, ZETA Weekly Newspaper, Tijuana, Baja California. Click here for more information about this year's winners.
The New York Financial Writers Association is pleased to announce that Gretchen Morgenson, assistant business and financial editor and a Pulitzer Prize-winning columnist for the New York Times, is the 2010 winner of the NYFWA’s Elliott V. Bell Award, honoring an individual’s lifetime contributions to the field of financial journalism.
Morgenson has covered the world financial markets for The Times since 1998 and won the Pulitzer Prize in 2002 for her coverage of Wall Street. Previously, she was assistant managing editor at Forbes magazine and the executive editor at Worth magazine. She began her career at Vogue magazine, then worked as a stockbroker for Dean Witter Reynolds from 1981-84, before returning to journalism as a staff writer for Money magazine. Then, as an investigative business writer and editor at Forbes magazine, she broke the story of anti-investor practices on the Nasdaq stock market that was followed by Justice Department and SEC investigations. She also oversaw several Forbes investing sections and its Washington bureau. From September 1995 to March 1996. she served as press secretary for Steve Forbes during his campaign for the Republican Presidential nomination.
She is the author of "Forbes Great Minds Of Business," published by John Wiley & Co., in 1997, and is co-author of "The Woman's Guide to the Stock Market," published by Harmony Books in 1981.
The Elliott V. Bell Award is named for the longtime editor of Business Week magazine who was the founding president of the NYFWA in 1938. It is awarded annually to "an outstanding journalist who has made a significant long-term contribution to the profession of financial journalism." Recent winners include Allan Sloan, Fortune (2009); Jerry Flint, Forbes (2008), and Diana B. Henriques, New York Times (2007). For a complete list, see http://www.nyfwa.org/bellwinners.htm
The NYFWA membership is invited to the Elliott V. Bell Award presentation ceremony on Thursday, October 7, at 6:30 PM, at the CUNY Graduate School of Journalism, 219 West 40th Street. There will be a wine & cheese reception following the award presentation, at which Morgenson will be introduced by Tim O'Brien, Sunday Financial Editor of The Times.
RSVPs are essential: email@example.com. (Your name must be on the list to be admitted to the CUNY building.)
NYFWA member Holly Henschen, formerly with Dow Jones Newswires, is now an Education Information Specialist at the International Dairy Deli Bakery Association in Madison, WI. Good luck Holly. (Gorkana)
Gorkana reports that NYFWA member Christine Buurma has joined Bloomberg News as an Energy Markets Reporter covering natural gas. She previously covered the natural-gas market, the U.S. power industry and pipeline companies for four years at Dow Jones Newswires. Congrats!
Congratulations to former NYFWA president, Britt Erica Tunick, a senior writer for AR, for winning the Northeast Region Silver Award for Organizational Profile for her November 2009 cover story on Harbinger Capital Management, “Falcone’s Fall to Earth,” at the annual Azbee Awards of Excellence sponsored by the American Society of Business Publication Editors. AR magazine took top honors for New Publication Editorial Excellence and New Publication Design. AR was launched in September 2009 and won five awards at the event. Click here for more information.
Long-time Forbes columnist Jerry Flint, considered by many to be the dean of automobile writers, died at his home on Saturday, August 7, 2010. Flint won the NYFWA's Elliott Bell Award in 2008. Click here for more information.
Congratulations to NYFWA member Erica Vujnovich and her husband Michael on the birth of their second son, Leo Baxter, on August 1. The whole family is doing fine!
Former NYFWA president Britt Erica Tunick and Julien Bellorgey were married in a double ring ceremony in Sparta NJ on July 31. A number of NYFWA members were there to toast the happy couple.
Gorkana reports that NYFWA member Nathaniel Baker, formerly senior editor for The Deal LLC, has been named an editor for Bloomberg LP. Congrats and good luck!
NYFWA member Steve Viuker is now a producer for BizBox. Link here to his blog.
A number of valuable topics were covered at the NYFWA seminar on Employment Contracts 101 on June 28, 2010. Susan Egan, Esq. of the Egan Law Firm talked about the advantages of doing due diligence when contracts are signed at the beginning of employment rather than when they are terminated. She gave some legal language typically used in contacts, its meaning and why reporters should be aware of this. Both she and Glenn G. Pudelka, Esq., of Edwards Angell Palmer & Dodge LLP talked about crossing out legal terminology, what the repercussions were and how things fall through the cracks. Glenn also talked about the terms of agreement that are signed on the internet, the consequences of not signing them, the ways journalists can protect their work including registering it online, and who owns rights of the different blogging platforms in the marketplace. The bottom line: reporters have to do their own due dligence. Thanks to board member Paramjit Mahli for organizing the event.
The "Stuck in Town Sundays" reading series at New York's KGB bar on June 27 featured fiction and memoirs from writers who cover finance as their "day" job, including NYFWA members Jan Alexander, William Freedman and Mark Fogarty. The KGB bar is on East Fourth Street between Bowery and Second Avenue.
Fiction writers among the NYFWA membership are invited to apply to participate in a reading series at the East Village’s KGB bar. Plan is to dedicate one evening of the bar’s “Stuck in Town Sundays” summer reading series to editorial workers who write fiction. Contact Brent Shearer at firstname.lastname@example.org
(Fiction as in novels and short stories. This is not a sting operation run by editorial supervisors to retaliate for all those subprime stories members may have filed.)
CNN Founding Financial Editor Myron Kandel and Reuters Editor-in-Chief David Schlesinger (see picture) were among the business and financial journalists who gathered at Ted’s Montana Grill on June 14, 2010 to congratulate the 2010 winners of the New York Financial Writers Association Scholarships. The NYFWA awarded $30,000 in scholarships to 10 students in the tri-state area who are committed to careers in business and financial journalism. Special thanks to NYFWA scholarship chair Sally Heinemann and her committee of Jan Pascal, Len Sloane, and Roberta Yafie. Click here for more photos.
Hacks Whack Flacks (Again)
A buoyed Hacks team overtook the Flacks by the football score of 21-10, thanks to an overpowering third inning that saw 13 Hacks cross the plate. The annual Hacks vs. Flacks softball game and picnic was held in Central Park on Sunday, June 13, 2010. The MVP Award went to Tom Mulligan (Sitrick & Co.) in a losing cause. Tom (pictured at right) not only pitched for the Flacks, he made two daring plays at home and combined with his son Andrew to hit four home runs among their six hits in six at-bats. Fellow Sitrick colleague Tom Becker also went three for three with a home run. Recording two hits were team captain Steve Govoni (Lord Abbett) and Jessica Rosen (RF Binder). Contributing at the plate as well as the field were Burson-Marstellar representatives Ryan Wells and Amy Rosenberg (sterling catch in right). Freelancer Amina Mehmedagic showed her determination and legged out a hit in her last at-bat. But the offensive onslaught was no match for the Hacks’ fielders, led by Gold Glover Rolfe Winkler (Reuters) at shortstop. Will Swarts (Smartmoney.com) pitched for the Hacks and went four-for-four, as did Tony Cook (Dow Jones), Mark Lieberman (Fox Business News), freelancer Brent Shearer, and Rich Wilner (NY Post), who hit the Hacks’ lone four-bagger. Big at-bats were recorded by Michael Shashoua (Global Investment Technology) and Rolfe, both three-for-four. Team captain Brad Finkelstein (Source Media), Sheila Mullan (Market News International), and newcomer Jonathan Tannenbaum each connected for two hits. Freelancer Carolyn Crapo held her own in the field. Hacks vs. Flacks founder Britt Tunick (A/R) arrived in time to make the last out. The rain held off until the fifth inning. As the Flacks walked off field #8 in the Great Lawn, they were overheard scheduling weekly practices in anticipation of next year’s game. With two straight losses, the pressure grows for the return of Rich Adamonis. Click here for more photos.
Congratulations to NYFWA board member and treasurer Rich Wilner, Sunday business editor at the New York Post, who has been named the paper’s business editor. Rich has been the Sunday business editor for the past two years, and he has been at the Post since 1996.
Gorkana reports that NYFWA member Katy Burne has joined Dow Jones Newswires as a reporter covering credit derivatives and the investment-grade corporate bond market. She was previously managing editor of Derivatives Week at Institutional Investor News.
Long-time NYFWA member Amy Friedman is on the move again, this time form Chicago to St. Louis. She is now with Reinsurance Group J America. Best wishes Amy and congrats on the new job.
Journalists covering the business beat are invited to participate in the first Olin Corporate Strategy Prize, sponsored by the Olin Business School. $10,000 in honoraria will be awarded for the best reporting on companies that have undergone significant strategic change. Deadline for submissions is June 30, 2010.
More than 40 NYFWA members attended the “Where the Jobs Are” panel at the Celtic Pub on May 18, 2010. NYFWA membership chair Sheila Mullan sent in the following wrap-up: Brian Rhoads, managing editor of Reuters/Americas, noted that Reuters hires experienced financial journalists in New York as well as entry-level hires. Language skills are very helpful as well as expertise in precise financial areas. Reuters is hiring in China, India, Europe, Russia and the Middle East and in Brazil. The company in the U.S. was rolling out last week a business news video venture, and also had set up an enterprise unit to do more long-form reporting, and bought the Breakingviews.com for its commentary. On a personal level, he suggested that job candidates have an eventual career goal in mind, but keep quite flexible on what might be the route to get there. (The company lists its jobs openings on its website.)
John Hitchcock, managing director at Energy Intelligence Group, also suggested that job candidates make sure to keep up their network by staying in touch with friends in journalism and former colleagues. He also suggested to stay flexible on geographic job postings, and let higher-ups know one’s ambitions if one seeks a job transfer. His company has operations in Singapore, London, Houston, Washington, D.C., and most recently had openings in New York and Singapore, and had just filled a post in Dubai.
Marcia Larson, headhunter for News Corp, noted that her firm had unveiled its NewsCore news wire service operation to maximize usage of News Corp.‘s internal news-gathering units. That wire service also has new openings for journalists with offices in New York, Africa and London. Journalists are expected to be able to do TV and video editing. (Larson said the News Corp. operation in New York had 40 openings currently. ) She also cited the recent New York Observer story last month talking about the improved journalism hiring scene. She also stressed the importance of being current on social networking skills (Twitter etc.) and staying flexible on the need to learn new skills on the jobs. (She handles recruitment for journalists, legal, financial and I/T talent at News Corp.)
Congrats to NYFWA member Daria Solovieva for winning third prize in the 2010 Foreign Press Association scholarship contest. After graduating from the Columbia University Graduate School of Journalism this spring, she will go work for Bloomberg News this summer.
NYFWA member Jennifer Haley, a producer and personal finance reporter for CNN America, where she writes daily news articles and produces business segments and breaking news for CNN and CNN International, was just named to the incoming class in the Knight-Bagehot Fellowship program at the Columbia University Graduate School of Journalism. The fellows receive full tuition and a living stipend of $50,000 for the year. Great job!
Congratulations to NYFWA member Julie Jason (AAII Journal, “How to Create Your Own Pension: A Closer Look at Immediate Annuities”) and all the 2010 winners of the Excellence in Financial Journalism Awards, sponsored the New York State Society of CPAs. The awards were presented an a luncheon on May 4, 2010. The prizes were decided by a panel of judges from the NYSSCPA and the NYFWA.
Close to 90 people packed Room 308 at the CUNY Graduate School of Journalism on Tuesday, April 27, 2010, to hear a lively, frank, and insightful discussion on the role of blogging in the financial press. Entitled “Parasites or Watchdogs: Are Bloggers Reinventing Financial Journalism?”, the panel, sponsored by the New York Financial Writers Association, was moderated by Dan Colarusso (pictured), managing editor of Bloomberg TV and a NYFWA board member, and featured panelists Kevin Depew, editor-in-chief, Minyanville.com; Jesse Eisenger, senior reporter, ProPublica; Barry Ritholtz, financial writer and author of The Big Picture website; and Eric Starkman, president and founder, Starkman & Associates. The topics ranged from the authenticity of bloggers’ professional opinions, their journalist credentials, to economic models that support the new endeavors. Special thanks to Dan and NYFWA secretary Pierre Paulden for organizing the event. The panel was the second in a series of annual NYFWA/CUNY collaborations. Last year’s panel was “Financial Journalism under Fire: Did We Do Our Job?” Click here to see Steve Govoni's pictures. For video, see the Goldman clip at Three Minute Media.
NYFWA member Chris Gillick has recently been appointed an account executive at Walek & Associates, according to Gorkana. Chris had been freelancing. He had previously worked at Dealmaker and Trader Monthly.
The NYFWA sponsored a panel at the 2010 Society of Professional Journalists regional Spring Conference at the CUNY Graduate School of Journalism on April 10, 2010. NYFWA VP Imogen Rose-Smith (left) moderated the panel on “Lessons Learned Covering the Economic Meltdown.” She was joined by NYFWA board members Pierre Paulden and Jan Alexander and by Jack Doran, editor at Reuters. The well-attended panel covered such issues as what was missed in the run-up to the economic crisis, ways to be more effective in covering financial events and complex instruments, pitfalls not to be overlooked, and issues likely to be the next problem areas. The spring SPJ conference was entitled, “Surviving the Storm: How to Weather the Tough Times in Journalism.”
Gorkana reports that NYFWA member Michael Shari has recently been appointed a Columnist for AOL DailyFinance. He will be writing a new column on mutual funds entitled ‘Fund Focus’ for the AOL website. The column will be based on interviews with portfolio managers who have distinguished themselves with superior performance; the column helps readers learn how to pick mutual funds. Michael will continue to write periodically for Institutional Investor Magazine, Barron’s, Financial Times Fund Management (FTfm) and Risk Professional Magazine.
NYFWA member Julie Jason will be among the winners of the Excellence In Financial Journalism Awards presented by the NYSSCPA on May 4, 2010, at the Yale Club. Julie won in the category of Print-General Audience – magazine over 1,500 words for her article that appeared in the AAII Journal entitled, “How to Create Your Own Pension: A Closer Look at Immediate Annuities”, that takes an in-depth look at the “immediate annuity” as a pension substitute. Judges representing the NYSSCPA and the New York Financial Writers Association selected the winners.
NYWFA president Conway Gittens, sec. Pierre Paulden, and VP Imogen Rose-Smith (right) signed up 14 new student members and publicized the NYFWA scholarship program (deadline: April 15) at the Career Fair at the Columbia School of Journalism on March 27, 2010. The trio was joined by Sheila Mullan, Josh Friedlander and Jane Reilly. The all-day affair drew more than 80 exhibitors, including media companies and journalism organizations. This is the fourth year in a row that the NYFWA participated.
Congratulations to NYFWA member and NPR reporter Adam Davidson for making the list of the Top 10 Works of Journalism, 2000-2009, as decided by a distinquished panel in conjuction with the Arthur L. Carter Journalism Institute at New York University.
NYFWA former president Myron Kandel spoke with Talking Biz News about the future of business journalism.
Congrats to NYFWA board member Terry Wooten who was recently named editor-in-chief of Kitco News. Best wishes, too, to NYFWA member Peter Phalen who is now deputy vice president, Human Resources at International Rescue Committee
Nominations for the John Chancellor Award are due April 2, 2010. The recipient of the $25,000 Chancellor Award is selected each year by a panel of print and broadcast journalists who look across the media landscape to identify a reporter who may not be widely known by the public, but who is highly respected within the profession for the caliber of his or her work. Past awardees include Ken Armstrong, investigative reporter with The Seattle Times, Jane Mayer from the New Yorker and Andrew C. Revkin from The New York Times.
Gorkana reports that NYFWA member Kathy Fitzpatrick Hoffelder has joined SCI (Structured Credit Investor) and STORM (Synthetic Transfer of Risk Markets) as U.S. Editor. She was previously the Deputy Editor, Capital Markets at dealReporter.
Congratulations to NYFWA member Chana Schoenberger who started a new job as a news editor on the Companies team at Bloomberg News in Tokyo.
NYFWA member and tax attorney Julian Block has compiled some information for NYFWA members who need to know IRS rules regarding taking tax deductions for job searches.
Long time NYFWA member and former president William G. Flanagan passed away on Sunday, Feb. 14, 2010, in St. Vincent's Hospital, NYC. Funeral arrangements are private. Condolences may be sent to his wife, Dawn Flanagan, at 277 West 10th Street, New York, NY 10014. Bill spent most of his career at the Wall Street Journal and Forbes and later ABC radio network. He was the author of CEOs are Dirty Rotten Scoundrels, among other books. Jack Carroll wrote to say that, "Cancer was probably the only thing that could beat him. But he wasn't defeated, certainly."
NYFWA member Debra Turner invites other members to visit her lifestyle blog, the Savvy Shopper.
Congratulations to former NYFWA president Myron Kandel who was presented the Emil Meier Award by Follies producer Conway Gittens at the 2009 Follies cast party on Saturday, January 23, 2010, at the Junior League club on the Upper East Side. The Emil Meier Award honors a member’s extraordinary contributions to the success of the Follies. In the more than 35 years that he has been involved with the Follies, Myron has been a participant, stage manager, and chair of the program committee. But it is his current role as chair of the Video committee, in which he works with the media organizations that contribute videos for the show, where he has made his most dramatic impact. The plaque read, “Thanks to your hard work, limitless connections, and dogged determination, videos light up the big screens in the Broadway Ballroom on Follies night. Whether it is selling ads, assembling the program, or work on the show, you are the Follies’ Myron Can-do. No one can convert an idea to reality better than you.” Click here for photos.
Syngenta launched a 2010 Photo Prize competition to recognize and reward outstanding photography centered on the company purpose “Bringing plant potential to life.” First, second and third prizes of $8000, $5000 and $3000 respectively are sponsored by Canon. Open to amateur and professional photographers. Entries can be submitted between January 20, 2010 and June 20, 2010. The 2010 Photo Prize seeks outstanding images of plants, landscapes, communities and technologies in the context of global agriculture. A website dedicated to the photo prize will feature the ongoing submissions and showcase winners and entries from previous years. An international jury will convene after the submission deadline to assess the entries and the judging criteria can be found at www.syngentaphoto.com.
The Society of Professional Journalists is now accepting applications for The Reporters Institute, <http://www.spj.org/ri.asp> , a training program for journalists who have graduated and are in their first three years in the profession. Young professionals are brought together with their peers, SPJ members and industry leaders for an intense learning experience. The institute is a crash course in the characteristics of outstanding journalism and the techniques of exceptional journalists. Two programs are available, one for print journalists (May 23-26) and one for broadcast journalists (June 13-16) at The Poynter Institute in St. Petersburg, Fla. If an application to the program is accepted, the individual (or company) will be responsible for a $300 registration fee and travel expenses to and from St. Petersburg. SPJ will provide your lodging and most meals. Details are on the website. The application process is very competitive, and the deadline to apply for both programs is March 1.
Mediabistro.com/UK has 10 things every journalist must know in 2010.
NYFWA member Marvin Chatinover is recovering from the stroke he suffered in October. Abrams Artists, his agent for his film and stage career, renewed his contract so he's looking forward to being back in business by the spring. For updates, email Marvin at email@example.com.
Board member Sheila Mullan alerts NYFWA members to a news items on December 22 that President Barack Obama signed a measure to extend a federal subsidy for continued health-insurance coverage for involuntarily terminated workers under employer group plans. The law extends the subsidy an additional six months for a total of 15 months, up from the current nine; the subsidy applies only to workers let go by employers. Eligibility for the subsidy had been due to expire Dec. 31 but has been extended through Feb. 28, 2010. For more details, click here.
For a great way to stay abreast of what is happening in the buisiness news media, check out Talking Biz News.
Longtime NYFWA member Phyllis Feinberg passed away on Friday, November 13, 2009. She was very active in the association and seldom missed a Follies, Awards Dinner, or Drinks Night. She participated in the Follies for many years. Phyllis' most recent employment was with Hedge Funds Review. Earlier, as a reporter at Crain's Pensions & Investments from 1998-2005, she won first prize in the Crain Awards for her May 2000 story, "Consultants Tell Clients to Fire Brinson," and third prize for her April 2002 story, "Pension Funds Lose $300 million." Earlier positions included freelancing as well as work at MARHedge, Quick Nikkei News and Institutional Investor magazine Phyllis attended Simmons College in Massachusetts and is survived by her mother, Helen, a sister, a niece and nephew, and several close friends. Funeral services are scheduled for 1:30 pm on Tuesday, November 17, at New Montefiore Cemetary at 1180 Wellwood Avenue in West Babylon, Long Island (631-249-7000).
She was a devotee of the arts, including books, theater, ballet, song and modern dance, with a special affinity for attending Alvin Ailey's production of "Revelations" on an annual basis. Some of her friends would like to have a subsequent memorial service this winter. Please contact firstname.lastname@example.org for more information.
Good luck to NYFWA member Maurna Desmond who was recently appointed Associate Editor at BigThink.com, an online video interview forum with the world's experts. She was previously a business reporter at Forbes covering Wall Street and the broader credit markets. (Gorkana)
After a decade at Forbes Magazine, NYFWA member Chana Schoenberger is now freelancing in Tokyo. She’ll focus on business, economic, and technology coverage. Contact her at email@example.com
NYFWA member Jon Jacobs warns the newly unemployed to be careful about accepting freelance assignments.
On Monday, NYFWA member Michael Shashoua started his new job as deputy editor of Dealing With Technology. He was previously the senior editor at Global Investment Technolog. Good luck!
NYFWA member and former Dow Jones reporter Eric Baum is running the NYC Marathon to raise money for blood cancer research. He's within $800 of his $3,800 fundraising goal and could use your help! To learn more about his training and how the fundraising benefits cancer research, please visit www.ericontheroad.net. To make a donatation, no matter the size, please visit: http://pages.teamintraining.org/nyc/nyc09/ebaum. Eric Baum is pursuing a graduate degree in public policy from Rutgers. Until this past summer, he was a reporter for Dow Jones and, prior to that, for Euromoney Institutional Investor where he wrote for several publications, including Absolute Return and Fund Action. He began training for the marathon, his first, early this summer.
Congrats to NYFWA member Nikolaj Gammeltoft on his new job as a reporter at Bloomberg News. He is covering different beats on a rotating basis. The recent Columbia J-School grad started at Bloomberg as an intern. (Gorkana)
For the best in online journalism, see the finalists for the 2009 Online Journalism Awards.
NYFWA member Jon Jacobs forwarded the FT.com news article that 2/3 of UK publications may soon charge for content online.
Former Follies stage manager and choreographer Amanda Ellis just had a baby. She and her husband Dan MacDonald welcomed Blair Matheson "Mattie" MacDonald on September 19, 2009.
Hope NYFWA members saw the time on Page Six today. Make sure you have a seat for the Folies. Or, better yet, join the cast.
Gorkana reports that NYFWA member Simon Constable of Dow Jones Newswires will be an afternoon host of the Wall Street Journal’s new daily webcast. The show will bring together reporters, editors and columnists from New Corp.’s business publications to discuss breaking news.
NYFWA member Bob Flaherty informed us that long-time member David Tyson, a former associate editor at American Banker, died last month. Bob noted, “Back exactly 30 years ago when I was president of the Financial Writers, Dave volunteered to help in widening our non-Follies activities, which, besides the Spring Dinner, were very few. Dave helped co-found the Freedom of Information Committee and also helped with educational seminars which we ran a few years for students considering a career in journalism. Dave was always there with supportive, constructive advice and a helping hand.”
NYFWA member Roz Bernstein has just published Boardwalk Stories, a collection of fourteen linked tales spanning the decades 1950 to 1970. Set in the shadow of the Cold War, the boardwalk characters, many of them misfits and wannabes, share their joys and sorrows in a world where kewpie dolls and prizes are often the only consolations for lost dreams. Each story is paired with a vintage black-and-white boardwalk photograph capturing the mood after World War II when a day out meant breathing in the bracing salt air and feeding coins into the machines at the penny arcade. The photographer, Dr. Kenneth S. Tydings was the author of over 70 photography books for the Eastman Kodak Company. The book is now being sold at 25 independent bookstores and on www.Amazon.com. Additional information can be found on the press website: www.blueeftpress.com.
Congrats to former NYFWA president Britt Erica Tunick on her engagement to Julien Bellorgey. Details to follow.
NYFWA member Julie Jason appeared on the Wall Street Journal Report on Sunday, August 23, and talked with with Maria Bartiromo about retirement security. Julie is the author of the AARP Retirement Survival Guide.
Congrats to NYFWA member Dan Colarusso. He joins BloombergTV as managing editor for U.S. Television. He'll be responsible for the content and editorial direction for the network in the U.S. Previously, Dan was managing editor at Condé Nast's Portfolio.com and metro editor and business editor at the New York Post.
The New York State Society of Certified Public Accountants (NYSSCPA) has added a ”book” category to its Excellence in Financial Journalism Award competition. The competition, introduced in 1992 to recognize reporters from the national and local press who contribute to a better understanding of business topics, currently judges entries in the categories of print, electronic media, wire services, radio and television. Books written by journalists and published between January 1 and December 31, 2009 have a December 31, 2009 deadline for submission. Authors can download an application for this category from the press room at the NYSSCPA’s website, www.nysscpa.org. Judges including NYSSCPA members and journalists from the New York Financial Writers Association will review entries and select the winner. The deadline for other non-book categories is February 1, 2010. A downloadable application form for this competition is also available in the NYSSCPA Press Room. A separate group of judges from the NYSSCPA and the NYFWA will review entries and select winners in all other categories. For additional information, contact Lois Whitehead, NYSSCPA Public Relations Manager at 212-719-8405 or firstname.lastname@example.org.
NYFWA member Steven J. Viuker has a new gig as a regular writer for Amex Open Forum and is looking for story ideas. Contact him at email@example.com
NYFWA member Julie Jason's fifth book, The AARP Retirement Survival Guide: How to Make Smart Financial Decisions in Good Times & Bad will be in bookstores on August 4, 2009.
The International Press Institute announces the first IPI Business Journalist Forum (IBJF), bringing together business leaders and leading financial journalists to discuss one of the most debated issues of recent times – the relationship between business and financial reporting. The IBJF is scheduled to take place 12-13 November 2009 in Baden, Austria, with business journalists and editors expected to attend along with executives, finance professionals, lawyers and academics. Registration for the event is now open. Further information and registration forms for the IBJF are available here. E-mail: firstname.lastname@example.org
Hacks Win Big on Perfect Day in Central Park
It took a perfect day in Central Park for the Hacks to come rallying back after two straight defeats to take it to the Flacks, 21-2, in the 7th Annual NYFWA Hacks vs. Flacks softball game on Sunday, June 7, 2009. The outcome was still somewhat in doubt until the Hacks blew it open with a 12-run fifth inning. Special kudos to MVP winner Hajime Matsuura (Nikkei) who had four hits (including two HRs) as well as excellent glove play; winning pitcher Jon Freidman (MarketWatch), three hits; Aaron Lucchetti (WSJ), four hits and four runs; Peter Schwartz (Forbes), four hits, two runs, and great speed on the base paths; Dave Enrich (WSJ), three hits (one HR) and three runs; and Michael Shashoua (Global Investment), four hits. Defensive honors were shared by Chris Kokenes (CNN) and Jeff McCracken (WSJ). Also singled out for their play was Steve Lacey (IFR), Zach Greenburg (Forbes), Russell Pearlman (SmartMoney) and Avi Saltzman (Barron’s). The box score shows Poonka Thangavelu went one for four.
For a Flacks team captained by Ted Mayer (Deutche Bank), special nods go to the remarkable Rosens (led by Jessica Rosen of RF Binder) and Andy Blum (Chadbourne & Parke) and rookies Ken Reed (CMSA) and Michelle Dubert (RLM). Freelance writer Eric Uhlfelder truly pitched in and shared circle duties with Reed Rosen. NYFWA board members past and present Brad Finklestein (National Mortgage News) and Barry Rehfeld (zeroenergyintelligence.com) contributed where needed and NYFWA president Josh Friedlander (Absolute Return) and Pierre Paulden (Bloomberg) cheered on the winning side. A deflated and yet still noble Flacks team left the picnic once again mumbling, “Where was Adamonis when we needed him?”
NYFWA member Ben Berkowitz has moved to Amsterdam as the local Financial Services Correspondent for Reuters News, covering banks, wealth managers and macroeconomics.
Freelance writer is looking for financial writer to be interviewed for article on how to succeed in a career as a financial writer. Please contact Matt Krumrie at email@example.com
Gorkana reports that NYFWA member and former NYFWA president Claudia Deutsch, who has been freelancing for Institutional Investor, The New York Times and various other publications since she left the Times in 2008, now writes ‘The Bottom Line’ at trueslant.com which can be viewed at www.trueslant.com/claudiadeutsch. She analyzes business news from a societal and psychological perspective. Members should register with True Slant, go to her blog and click the Follow Me button under her photo. Claudia promises: (1) it does not generate any spam; (2) she will NEVER ask anyone if they've read anything.
The winners of 2009 NYFWA scholarship contest have been announced. Click here to see the list. Many thanks to Sally Heinemann, chair, and members of the judging committee: Gene Boyo, Marty Cherrin, Sharon Gamsin, Lennie Sloane, and Roberta Yafie.
Congratulations to NYFWA member Bill Holstein, author of Why GM Matters. He and bride-to-be Rita Sevell were wed on May 23, 2009. The ceremony took place at the Overseas Press Club headquarters in New York City. Bill is the president of the OPC Foundation.
NYFWA member Matt Nelko has started his own boutique media consulting and training agency called Nelko Media. The agency offers a comprehensive array of communications services including writing, editing, producing, and media training. Matt spent 20 years in broadcast news on television and radio. He’s also working on several comedy writing projects, and just recently performed an improv show at the Upright Citizens Brigade Theatre.
Congrats to former NYFWA scholarship winner Serena Ng, who along with a team of colleagues at the Wall Street Journal, won the Institute on Political Journalism’s Excellence in Economic Reporting Award 2009 for the 10 articles they authored or co-authored covering the recent Wall Street crash and subsequent global credit crunch.
On April 21, 2009, the NYFWA hosted "Financial Journalism Under Fire: Did We Do Our Job?" at City University of New York Graduate School of Journalism. Click here for au audio report. Click here for photos. Also, news stories: Marketwatch and AOL Finance.
Former NYFWA president, Terri Thompson, executive director of the Knight-Bagehot Fellowship at Columbia University, rang the opening bell at the New York Stock Exchange on April 3, 2009.
Best wishes to Christopher Twarowski, NYFWA member and 2008 NYFWA scholarship recipient, who was just named Senior Reporter/Editor—Investigations at the Long Island Press. He recently completed a 9-month extended internship at the Washington Post, where he wrote for both its financial and metro desks.
Congrats to NYFWA member and 2008 NYFWA scholarship recipient Elizabeth Kowitt who was just hired as a reporter for Fortune magazine.
NYFWA Board member Barry Rehfeld's second lede letter on energy efficiency since November was published in the New York Times letters column today. His web site - zero energy intelligence.com - was duly noted beneath his name. Googling the site and the three words in the site's name produces 267,000 and 476,000 returns respectively where there were none in November. Getting to the next level - site advertising, writing assignments, speaking engagements, home development financing and home contractor jobs - is the goal. Anyone with ideas, eco-connections, web skills, money, writing and reporting talent or anything else of value is welcome to contribute their thoughts and efforts in the interest of the environment and potential profit.
NYFWA board member Steve Govoni recommends this Forbes story about the status of journalism programs in colleges.
Good luck to NYFWA member Rachel Solomon who has been appointed multimedia producer at Dow Jones Newswires. She was previously production coordinator at SmartMoney.com. (Gorkana)
Congratulations to NYFWA member Adam Davidson of NPR News who was named a winner of an Excellence in Financial Journalism Award from the New York State Society of Certified Public Accountants (NYSSCPA). Adam and his colleague Alex Blumberg won for This American Life and NPR News, “The Giant Pool of Money,” an hour-long radio documentary about the housing and the world economic crisis. The two journalists also appeared on Meet the Press on Sunday, April 12, 2009.
Long-time NYFWA member Joseph J. Duome has just published a new thriller, “Tyranny of Darkness.” It is a novel about today’s global threat of terror and terrorism. It tells the story of retired L.A. cop and his crew taking on the evil perpetrators seeking to take over the government. This is Joe’s fourth novel. The book is available for sale on Amazon.com and in leading book stores.
NYFWA at Columbia J-School Career Fair
NYFWA President Josh Friedlander and NYFWA board member Jan Alexander man the NYFWA table at the Columbia J-School Career Day Conference at the Morningside Heights campus on March 28, 2009. Also joining them was Jane Reilly, executive manager. The group met with dozens of budding business journalists and encouraged them to apply for the NYFWA scholarships (deadline is April 15). They also signed up six eight new student members at the special student rate of only $10 a year. The NYFWA awards $30,000 a year to journalism students interested in becoming business and finance reporters.
NYFWA Board Member Steve Govoni will be making his standup comedy debut on Wednesday, April 1, 2209, at Standup New York, 236 West 78th St. (between Broadway + Amsterdam). Show starts at 7 PM. Depressed about the economy and the way our elected officials are handling it? Hear the stimulus plan of seven comics. The show is moderated by Scott Blakeman, named “the top political comedian working in New York today” by NBC-TV.
NYFWA member Allan Dodds Frank, formerly of Bloomberg TV, is writing for the Daily Beast.
Best wishes to NYFWA member Bill Gerdes, formerly of Standard & Poor's, in his new job as an editor with the Vanguard Group. Bill will be commuting to NYFWA events from his new home in West Chester PA.
NYFWA member Tom Mariam recommends members read the article Financial Journalism and its Critics in The Deal.
NYFWA member Dan Colarusso, the former New York Post business editor who had run Conde Nast Portfolio’s website for the past 15 months, is now the managing editor of Silicon Alley Insider. Good luck Dan!
Reporters looking for information on the sorry state of America’s healthcare system may want to check out the website of the Connecticut Center for Patient Safety (www.ctcps.org), which compiles stories of medical error, industry misconduct, and ongoing legislative issues. Did you know that the average Minnesota psychiatrist gets about $55,000 a year in gifts from the pharmaceutical industry? NYFWA board member Steve Govoni was President of CTCPS for five years and continues to serve on that board. He can be reached at firstname.lastname@example.org.
NYFWA member Paramjit Mahli has a great resource for NYFWA members and other journalists who need comments on legal issues for stories. She’s involved with SCG Legal PR Network which lets journalists post queries explaining their stories and what types of attorneys or legal professionals they are seeking for comment. These queries are emailed to a database of legal communications personnel along with the reporter’s contact information and deadline. If a journalist doesn’t have time to submit a query and wait for replies, he or she can simply look up some promising experts in the database and contact them right away. The database contains legal experts from the US and the United Kingdom. Journalists need to first register at http://www.suncommunicationsgroup.com/journalists.htm. Query forms will ask for a brief explanation of the story and legal area of expertise needed, the name of the news organization, email address, phone number, and the date and time of your deadline.
Congrats to NYFWA member and former officer Chana Schoenberger on the birth of her son, Henry Sidney, December 15. Henry has a sister, Abigail Esther Zimmerman. Chana is based in Tokyo and is an associates editor at Forbes.
NYFWA Board member Barry Rehfeld's letter to The New York Times was the first of seven published November 11, 2008, responding to Al Gore's "Climate For Change" op-ed piece, which appeared in the paper two days earlier. Barry edits www.zeroenergyintelligence.com, a web site and blog - as the Times was kind enough to note. Google "zero energy intelligence" and you get 434,000 results with the web site and a recent blog appearing first and second when you hit return. Barry welcomes comments, criticism and help!
NYFWA member Julian Block, a nationally recognized attorney and author based in Larchmont NY, has free advice for NYFWA members on ways to trim taxes for this year and even get a head start for next year. Email email@example.com to request a complimentary PDF file. The file contains newspaper and magazine articles that offer clear, concise, uncomplicated and immediately useful advice on tax strategies. Learn what to do now to sidestep pitfalls and take advantage of frequently missed, perfectly legal opportunities that can save many thousands of dollars. Julian has been cited as “a leading tax professional” (New York Times), "an accomplished writer on taxes" (Wall Street Journal) and “an authority on tax planning” (Financial Planning Magazine).
Since receiving an Ed Swietnicki Professional Development Award in ’07, NYFWA member Dorianne R. Perrucci has written or collaborated on several investing books. John Wiley & Sons will publish the latest, Asset Allocation For Dummies, in May. In 2008, she collaborated on I.O.U.S.A., One Nation, Under Stress, In Debt (Wiley), the companion book based to the Sundance documentary film. Other titles this spring include AARP Guide to Creating Retirement Income, by fellow NYFWA member Julie Jason, and The Ultimate Depression Survival Guide, by New York Times-bestselling author Martin D. Weiss. Contact Dori at firstname.lastname@example.org.
NYFWA member Eileen P. Gunn wants NYFWA members to know that she is putting her many years of experience as a business writer and career expert to work writing and editing resumes. Eileen writes, “Anyone who is looking for a job needs a resume that clearly tells their story and efficiently communicates their skills and abilities. People who haven't had to job search in a while, who are trying to change careers or who can take their experience in several directions often particularly need help in effectively articulating their abilities and work history. So this is what I'm helping people to do.” If any members think they would benefit from this kind of service they should email her at email@example.com. And of course if they know others in other professions who would benefit from this type of consultation, referrals are always appreciated.
Britt Erica Tunick Named 2008 Recipient of Emil Meier Award
The 2008 Follies producer and incoming NYFWA president Josh Friedlander presented the 2008 Emil Meier Award to Britt Erica Tunick at the 2008 Follies cast party at the Junior League on January 24, 2009. The plaque read, "No one deserves more credit for the new Follies than you. A veteran warrior, you survived many battles to usher in the new era and reshape the show for years to come." A stage performer and member of the book committees for years, Britt was the Follies producer from 2004 to 2007. The Follies director, Laura Josepher, is directing a play at Syracuse University and was unable to attend but sent a poem to be read in Britt's honor. Click here to see more Steve Govoni photos of the party.
Sad News: Long-time member Ripley Watson Jr., who retired from the Journal of Commerce, passed away on December 28,2008.
Congratulations to former NYFWA president Randall W. Forsyth who was named Editor-in-Chief at Barrons.com. (Gorkana)
NYFWA member Gail Silberman has a room to rent in her sunny, spacious luxury building apartment at East 79th Street and Second Avenue. High-rise condo with great access to public transportation. Garage in building. Great deal for right person: $1,400/month plus utilities. Call Gail at 212-879-0530 or 917-514-4639.
Gorkana reports that NYFWA member and 2008 NYFWA scholarship recipient Kelly Nolan has joined the General Assignment Desk at Dow Jones Newswires as a full-time reporter. Good luck!
President Steve Gelsi wishes NYFWA members a great holiday season and a healthy 2009. For the latest update (and Comments from members), see his blog.
NYFWA member and Follies cast member Carolyn Crapo posted a link for members to see what it likes to be in the Follies from the cast's perspective.
President Steve Gelsi has an update for his blog.
Congrats to NYFWA member Jim Edwards who won a Freelance Writers with a Legal Reporting Fellowship from the Carnegie/Newhouse School. The program awards fellowships for freelance journalists examining some aspect of the American legal system. Jim is researching a Web-based project to survey judicial conflicts of interest. (Gorkana)
Click here for the latest installment in the President's Blog from 2008 NYFWA president Steve Gelsi.
Gorkana reports that NYFWA member and 2008 NYFWA scholarship recipient Avi Salzman, previously an intern covering business and finance stories for BusinessWeek, has joined Barron's Online as a reporting assistant. He will cover investment-related topics.
Congratulations to NYFWA member and 2008 NYFWA scholarship winner Andrew Tangel who has been hired by The Record in Bergen County NJ as a reporter covering commercial real estate. (Gorkana)
Long-time member Amy Friedman is relocating from New York to Chicago. She covers the insurance industry, banking and the economy, retail financial services, governance, and business technology. She'll be available for new freelance commissions starting October 1. Please contact her by email at firstname.lastname@example.org, or by phone at 917-566-7159.
NYFWA member and Ed Switnicki Professional Development Award winner Orla O'Sullivan, formerly the Editor of Bank Technology News, has joined Techweb (CMP) as a Senior Editor. Prior to joining Bank Technology News, Orla was the Personal Finance Editor of the Irish Independent newspaper and was most recently a Freelance Writer. (Gorkana)
NYFWA member Spencer Jakab is joining the Lex team at the Financial Times in New York. Good luck, Spencer (Gorkana).
Good luck to NYFWA member Dane Hamilton who has been appointed to run the blog on The Icahn Report. He was previously Senior Correspondent at Reuters. At The Icahn Report he will be writing about corporate governance and related issues and seeking to create a movement for change in this country. (Gorkana)
Best wishes to former NYFWA board member Colleen O’Connor-Grant who is moving to Dow Jones Newswires to cover practice-management. Also joining DJN is NYFWA member and 2006 NYFWA scholarship winner Simon Constable, as a columnist covering commodities (Gorkana).
The New York State Society of Certified Public Accountants has added a ”book” category to its Excellence in Financial Journalism Award competition. The competition, introduced in 1992 to recognize reporters from the national and local press who contribute to a better understanding of business topics, currently judges entries in the categories of print, electronic media, wire services, radio and television. Past award recipients include reporters from Fortune, The Associated Press, Bloomberg, Newsweek, Business Week, CNBC, Marketwatch Radio, CFO.com and ABC-TV. Books written by journalists and published between January 1 and December 31, 2008 have a December 31, 2008 deadline for submission. Authors can download an application for this category from the press room at the NYSSCPA’s website, www.nysscpa.org. Judges including NYSSCPA members and journalists from the New York Financial Writers Association (NYFWA) will review entries and select the winner. The deadline for other non-book categories is February 1, 2009. A downloadable application form for this competition is also available in the NYSSCPA Press Room. A separate group of judges from the NYSSCPA and the review entries and select winners in all other categories.
Congratulations to NYFWA member and 2008 NYFWA scholarship winner Beth Braverman. She just landed a job with Financial Week covering real estate, insurance and risk management.
The NYFWA is launching a feature on its website today, July 18, 2008: The President's Blog. NYFWA president Steve Gelsi will keep the membership up to date from his perspective as the 2008-2009 leader of the nation's oldest press association for business and financial journalists.
Best wishes to NYFWA member Donna Miskin who was recently named Editor-In-Chief at Treasury & Risk Management. Donna had been Editor of Incisive Media’s financial technology Waters magazine.
Congratulations to 2005 NYFWA scholarship recipient Serena Ng. She was one of four Wall Street Journal reporters to win a 2008 Gerald Loeb Award for Best Writing for “Breakdown at Bear Stearns.”
July 1, 2008 – Deadline for DuPont Award
The entry deadline for the duPont Awards is July 1, 2008. Anyone who has aired stories on local or national tv and radio in the US between July 1, 2007-June 30, 2008 is eligible. The duPont-Columbia Awards have recognized excellence in broadcast journalism since their inception in 1942. Created by Jessie Ball duPont as a tribute to the journalistic integrity and public-mindedness of her husband, Alfred I. duPont, these awards are now regarded as the most prestigious prizes in television and radio news, the broadcast equivalent of the Pulitzer Prizes, which are also administered at the Columbia University Graduate School of Journalism.For more information, see duPont Awards.
Congratulations to new Knight-Bagehot fellows of the Class of 2008, especially to NYFWA members Dimitra DeFotis, Jim Edwards, and Paul Glader. The 10 Knight-Bagehot fellows earned master's degrees from Columbia University through a joint program in the journalism and business schools. Dimitra is returning to her post as staff writer at Barron's magazine. Edmonds is freelancing and Glader has returned to the Wall Street Journal.
NYFWA board member Barry Rehfeld represented the NYFWA at a U.S. Department of State event for Middle Eastern group of journalists studying the "Role of the Media in U.S. Foreign Policy" on June 6, 2008, at the DOS offices in New York City. The three-day program was run by the International Visitor Leadership Program (IVLP), an official U.S. government exchange program administered by the U.S. Department of State's Bureau of Educational and Cultural Affairs <http://exchanges.state.gov/education/. The objective of the program is to advance U.S. foreign policy goals by increasing mutual understanding between the people of the United States and those of other countries.
Marketwatch salutes NYFWA’s Myron Kandel
Jon Friedman of Marketwatch, credited Myron Kandel and the late, great Louis Rukeyser for, more than anyone else, popularizing financial news on TV. He stated, ”Today's broadcast journalists could learn a great deal from understanding what distinguished Kandel and Rukeyser from their peers. They knew their stuff, of course — and they offered viewers much more than many of today's shouters.”
Flacks Take Win in Annual Game
While the Hacks spent a full inning finding their gloves, the Flacks took advantage and staked out a 10-2 lead after the first inning, cruising to 17-9 victory on field lucky (for them) seven in Central Park’s Great Lawn. The Flacks now lead the series three games to two. This was the Flacks' second consecutive win in two years in the annual Hacks vs. Flacks softball game and picnic sponsored by the New York Financial Writers Association. The teams were ably led by captains Rich Wilner (Hacks) and Steve Govoni (Flacks). For the Flacks, it was a family affair with the Govoni family (four) and Rosens (father and daughter) leading the fight. NYFWA president Steve Gelsi made a diving catch in center to end the fifth inning, but the damage had been done. Kudos to home run hitters Neil Govoni (grand slam), Reid Rosen (grand slam), and Gary Rosenberg (two RBIs) and the Golden Glove Award to Hajime Matsurra (Hacks).
Jerry Flint, columnist for Forbes magazine, is the 2008 winner of the Elliott V. Bell Award, the New York Financial Writers’ top recognition for distinguished contributions to the field of financial journalism. One of the nation’s most tenured and respected automotive reporters, Flint began his career at the Detroit News. The Detroit native has worked for the both the Wall Street Journal and the New York Times, serving from 1967 to 1973 as the Times’ Detroit bureau chief. Flint has been with Forbes since 1979.
Flint will receive the award at the NYFWA’s Annual Awards Dinner on June 10, 2008, in the Broadway Ballroom at the Marriott Marquis in New York City’s Times Square. Carl Icahn is the keynote speaker. The NYFWA will also present $30,000 to 10 journalism students in the New York metropolitan area interested in becoming business and financial journalists.
Representing the New York Financial Writers, NYFWA board member Barry Rehfeld met with international economic and trade specialists, policy planners, academics, economic journalists and labor leaders in a program organized by the U.S Department of State along with various U.S. Embassies in Europe. The professional-exchange program, entitled "Trade and Economic Development," was designed to give participants an understanding of the U.S. political and economic systems and the domestic economic forces that influence U.S. trade policy and the policy-making process.
Former NYFWA persident Britt Erica Tunick, was named a senior editor at Absolute Return Magazine. Good luck, Britt.
The New York State Society of Certified Public Accountants has announced the 2008 winners for its Excellence in Financial Journalism Awards that recognize reporters from the national and local press who contribute to a better understanding of business topics. Twelve judges, representing the NYSSCPA and the New York Financial Writers Association, selected winners. Journalists will be presented with their awards at a luncheon at the Yale Club on May 1, 2008. For a complete list of winners, click here.
Best wishes to former NYFWA president and current board member Rich Koreto who is joining the Connor Group (www.cg3.com) as its editor-in-chief. The Jersey City-based company is building a new website for its investors, complete with editorial, blogs, and analytics.
NYFWA member Richard Beales is now associate editor at Breakingviews.com. A former NYFWA scholarship recipient, Beales was previously US Markets Editor at the Financial Times.
NYFWA at Columbia J-School Career Day
NYFWA Treasurer Conway Gittens and former NYFWA president Sheila Mullan man the NYFWA table at the Columbia J-School Career Day Conference at the Morningside Heights campus on March 29, 2008. Also joining them was NYFWA VP Josh Friedlander, board member Imogen Rose-Smith, Pierre Paulden, and Jane Reilly, executive manager. The group met with dozens of budding business journalists and encouraged them to apply for the NYFWA scholarships (deadline is April 15). They also signed up 10 new student members at the special student rate of only $10 a year. The NYFWA awards $30,000 a year to journalism students interested in becoming buisness and finance reporters.
Vote for NYFWA Member Peter Phelan
TurboTax and YouTube are running a contest called TaxLaugh where the goal is to create the funniest tax-themed sub-three-minute tax video. The winner will receive $10,000 and will open for Jay Mohr at a stand-up show in LA! Check out Peter’s entry (Mirth & Taxes) at: http://www.youtube.com/watch?v=y2vjNoXWgOw. Peter says, “If you crack even one little smile, please vote for my entry today." The deadline is March 24. How To Vote:
1. Log in to YouTube.com
2. Go to: http://www.youtube.com/turbotax
3. On the lower right of the large central picture of Jay Mohr, click on the "Vote" tab
4. Below the video viewing box - where it says "Search for a video" - enter "peter" or "mirth" and click on "Go"
5. Click on Peter’s pic and when his video comes up, click on the "thumbs-up" to the left of the viewing box (it'll turn green when your mouse is in the right spot)
Good luck to Poonkulali Thangavelu in her new job as senior associate editor at Penton Media’s National Real Estate Editor. She had been an associate editor for National Mortgage News. She joined Source Media in 1997. At that time, the company was known as Faulkner&Gray.
New Job for NYFWA member Eric Baum. He is now with Hedge Fund Trades, a weekly publication at Dow Jones Newswire. He'll be covering vendors, prime brokers, regulators and anything that may influence trading. Eric was previously with Alpha Magazine at Institutional Investor.
2007 Emil Meier Award Winner Long-time Follies cast participant Irene Weissman was named the 2007 winner of the Emil Meier Award at the Follies cast party which was held in January 2008 at the Junior League Club in New York City. The Emil Meier Award is presented each year to a Follies cast or crew member who has shown outstanding dedication to the show. Left, Follies director Laura Josepher (center) and Follies producer Britt Tunick (right) present the winning plaque to an overwhelmed Irene. The award is named for Emil Meier, a former member, now deceased, who committed years of time and talent to the Follies. Irene has been on stage at the Follies for the last 27 years.
Congratulations to NYFWA board member Colleen O'Connor-Grant and her husband Hayden on the birth of their son, Rory O'Connor Grant, in January 2008.
Best wishes to NYFWA member and former board member Dan Collarusso in his new job as managing editor of Portfolio.com.
Good luck to NYFWA member and former board member Joe Treaster who is leaving his position as a business writer for the New York Times to teach journalism in the communications department at the University of Miami. A Florida native, Joe wrote a book last year entitled Hurricanes.
Funny Man Phelan Showcases Act
Myron Kandel, Founding Editor of CNN, To Lead New Hampshire Initiative on Corporate Governance
NYFWA President Calls for Federal Shield Legislation
Hacks Edge Flacks 8-7 to Take Series Lead, 2-1
Financial Reporters, Pr Pros To Square Off At Annual Softball Game In New York's Central Park
Kandel To Retire from CNN
New Book by NYFWA Member, "The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities"
BCAA Honors Nyfwa Member Roslyn Bernstein
With Annual Faculty Award
Renowned Financial Public Relations Executive,
Peter Thurber Earle, Dies At Age 71
Who is the ".Lady in the House."?
Hacks Defeat Flacks 17-13 to Even Series at One Each
Reporters Seeking To Avenge Loss to PR Practitioners
Labor Department Issues New Rules on Overtime
Spitzer Keynote Speaker At Nyfwa Annual Dinner
NYFWA Member's Golf Radio Show Begins Second Season
TJFR Cites Three NYFWA Members
Journalists Receive Awards from NYSSCPA for Financial Reporting
June 29, 2006 -
Funny Man Phelan Showcases Act
Earlier this year NYFWA member Peter Phelan, humor columnist for
Employee Benefit News & 2004/2005 Follies scribe, made the top 25
out of over 3500 entrants in a Dream Job contest run by Kiplinger's Personal
Finance. While the dream job Peter pitched -- being The Comedian of
Personal Finance -- didn't make the short list of three winners, there's no
need to shed too many tears for him. He landed a freelance assignment for Kiplinger's, has been contributing to Wealth Manager, and is getting a lot of bookings for comedic speaking engagements at conferences in the finance arena. Peter can be reached via his web site: funnyphelan.com.
December 14, 2005 -
Myron Kandel, Founding Editor of CNN, To Lead New Hampshire Initiative on Corporate Governance
CONCORD, NH (December 14, 2005) – New Hampshire Governor John Lynch and Secretary of State William Gardner announced today that veteran CNN financial editor Myron Kandel has agreed to spearhead a major initiative in New Hampshire focusing on issues related to corporate governance and investor protection. Kandel appeared with the Governor, the Secretary of State and legislative and educational leaders at a press conference this morning at the State House in Concord.
The project, titled the Initiative for Corporate Governance and Investor Protection, will be primarily funded by an endowment created by the $5 million securities settlement negotiated in 2002 by the New Hampshire Bureau of Securities Regulation and Tyco International. The settlement was one of the largest ever negotiated by a state securities regulator and stipulated the $5 million penalty be earmarked for investor education and a corporate governance program. Securities Director Mark Connolly said, “We see this unique settlement as being an endowment that will grow in value and scope. One that will help all citizens, particularly the youth—the investors of tomorrow—to more fully understand that success or accomplishment is not merely about money, but about values and respect.”
The Investor Protection Trust (IPT), based in Washington, D.C., a national organization funded by multi - state settlements and dedicated to providing independent, objective consumer information has also committed additional funding support. Don Blandin, president and CEO of the IPT, also attended the press conference and expressed his support for the program.
The Initiative will be affiliated with the New Hampshire College and University Council (NHCUC), a nonprofit consortium of 16 public and private institutions of higher learning dedicated to enhancing educational opportunities for their more than 50,000 students. NHCUC Chair and Franklin Pierce College President George Hagerty said Kandel’s affiliation will bring together the leaders of higher education, business and government in a collaborative effort.
“I’m extremely pleased and honored that Myron Kandel has agreed to lead this important initiative,” said Secretary of State Gardner. “Anyone who has watched him on CNN for 25 years or read his commentaries knows he has spent a lifetime examining issues related to proper corporate governance and investor protection, which are so essential to maintaining the integrity of America’s corporations and financial markets. We will not only be looking to him to develop an effective program in the short term, but will be seeking his guidance and advice in successfully maintaining this endowment over the long term so that future generations might benefit from the Initiative’s continuing scrutiny of these important issues”
“I’m delighted to head up this groundbreaking program, which will conduct an ongoing series of high-profile public discussions and seminars on matters that are basic to the health of the nation’s economy,” said Kandel. “The last four chairmen of the Securities and Exchange Commission have agreed in principle to take part, as have other national leaders in government, business, finance and the media. When the presidential primary season approaches, we expect all the major aspirants to the presidency to discuss their views on keeping American corporations honest and protecting the interests of the nation’s investors.”
Kandel says he and the council plan to stage these events on various campuses around the state, aiming to involve students, faculty members and the general public in a broad-based examination of these crucial issues.
“I’m particularly pleased,” he added, “to conduct this program in New Hampshire, which has such a long history of citizen involvement and sophistication in political, business and social issues. Our mission is to shine a national spotlight on the lessons learned from the recent rash of corporate and financial misdeeds and emphasize the value of public responsibility in government, business and everyday life. Echoing the words of Supreme Court Justice Louis D. Brandeis, we believe sunshine is the best disinfectant. But also looking forward, we hope to formulate standards of proper conduct for the future.”
In announcing the new project, Governor John Lynch said, “Using the Tyco settlement, the Secretary of State’s office has worked to develop a comprehensive initiative that will help educate present and future business leaders about appropriate standards of conduct, stimulate a national debate about sound corporate governance and help protect the nation’s investors. I’m pleased that such an outstanding journalist as Myron Kandel will head this effort.
As CNN’s founding financial editor and economics commentator, Kandel helped pioneer the coverage of business issues on network television. Before joining CNN he served as the financial editor of three newspapers -- the Washington Star, the New York Herald Tribune and the New York Post. He was also a foreign correspondent, a syndicated columnist and the editor of the New York Law Journal. In 2000 he was named one of the ten most influential business journalists of the twentieth century. He has long been an- advocate of shareholder rights and improved corporate governance, having written and spoken on these and related issues during his more-than-half-century career in journalism.
Kandel has served as president of five journalism groups, including the 3,000-member Society of American Business Editors and Writers, and has received a number of career- achievement awards. Earlier this year, the New York Financial Writers’ Association named him to its Financial Journalism Hall of Fame, making him only the seventh person so named in the group’s 67-year history. Currently, he provides monthly commentary on the Public Broadcasting System’s Nightly Business Report.
November 21, 2005 -
Financial Journalism Award Competition
NEW YORK, NEW YORK- The New York State Society of Certified Public Accountants has announced its annual Excellence in Financial Journalism Award competition to recognize reporters from the national and local media who contribute to a better understanding of business topics. The Society presents awards in print, radio, television, wire service and electronic media published or broadcast between January 1 and December 31, 2005. Deadline for entries is February 1, 2006. An application for the Excellence in Financial Journalism Award can be obtained at the Society's website, www.nysscpa.org in the Press Room. Questions regarding the Award may be directed to Lois Whitehead, NYSSCPA Public Relations Manager at 212-719-8405 or email@example.com
July 9, 2005 -
NYFWA President Calls for Federal Shield Legislation
Richard J. Koreto, president of the New York Financial Writers Association, released the following statement:
It was inevitable that Judith Miller of The New York Times and Matthew Cooper of Time magazine, two investigative reporters who were digging into the Valerie Plame case, would be compared with Woodward and Bernstein, However, it’s a mistake to think this is an issue that comes up only once a generation, or only involves the White House. Our public companies are supposed to be as open as our government, but the convictions of WorldCom’s Bernard Ebbers and Tyco’s Dennis Kozlowski, and the destruction of Enron and Arthur Andersen, made it clear that’s an ideal many captains of industry, like politicians, don’t live up to.
We depend on investigative reporters for the business pages as much as for the national section. The long pages of stock quotes that appear after every business day are perhaps the most prosaic parts of this paper, and we all assume, without thinking about it, that they accurately reflect their companies’ value. That most do is often thanks to journalists who pore over SEC filings, ask CEOs the hard questions—and like their colleagues on the political desk, rely on anonymous sources that those in power would like to see revealed.
But for the honesty of our government and our capitalist system, sources have to feel they can talk to a reporter in safety. Many journalists and concerned readers on the left and right have called for a federal law to make sure reporters are never put in the position of choosing between jail and revealing a source. We can call for such a law, but to get it passed we have to realize this is not a narrow red state vs. blue state political issue. It is about whether all of who care about democracy and our capitalist system can see how broad this problem is: An unfettered press can help make sure our 20-year-old sons and daughters in the military are kept as safe as possible overseas, and the retirement accounts our 80-year-old parents spent a lifetime building are kept as safe as possible at home.
June 18, 2005 -
Hacks Edge Flacks 8-7 to Take Series Lead, 2-1
Hacks centerfielder Colleen O’Connor’s clutch catch off the hot bat of sizzling Flacks star Eric Samansky ended a Flacks rally and helped preserve the one-run victory for the Hacks as they managed to edge out the Flacks 8-7 in the Third Annual Hacks vs. Flacks game in Central Park on June 18, 2005. The narrow win was the second straight for the Hacks; they now lead the series two games to one. Sponsored by the New York Financial Writers Association, the softball game and picnic is an annual event that pits financial journalists against public relations professionals. Long ball and defense dominated the day with the lead changing hands each inning, thanks to home runs by Dan Collarusso, Mike McDonald and Rob Kelley for the Hacks and Samansky and Scott for the Flacks. Both teams vowed to return next year and the disgruntled Flacks were heard to question, “Where was Adamonis?”
May 20, 2005 -
Financial Reporters, Pr Pros To Square Off At Annual Softball Game In New York’s Central Park
Hacks vs. Flacks Series Continues, New Players Welcome On June 18
Financial writers and public relations professionals are searching for their baseball gloves and imagining the lush green lawn of New York’s Central Park. Each team plans to pull ahead in the win column at the third annual “Hacks vs. Flacks” softball game on June 18 sponsored by the New York Financial Writers’Association.
The simmering series, open to all practicing financial journalists and PR professionals, stands at one game a piece.
“Last year, the writers emerged victorious and evened the series, despite extraordinary play by the public relations practitioners,” said Richard Koreto, NYFWA president, and executive editor of Advising Boomers magazine.
The game is scheduled to start at 11 AM at Field 7 on the Great Lawn in Manhattan’s Central Park. Participants in the softball game don’t have to be members of the NYFWA, but must be working financial journalists or practicing public relations professionals.
There are no fees for participation and refreshments will be provided. All players need to do is bring their own basic equipment, such as a glove and a hat. The NYFWA provides everything else. For additional information, or to sign up for the event, please contact the NYFWA at firstname.lastname@example.org.
March 1, 2004 -
Kandel To Retire from CNN
By PHYLLIS FURMAN,
DAILY NEWS BUSINESS WRITER
Financial news icon Myron Kandel is retiring from CNN after 25 years - another milestone in the cable net's retreat from its once-vaunted position in business news.
CNN financial editor Kandel, who pioneered business reporting on TV in launching shows like "Moneyline," will deliver his last report March 11.
The 74-year-old veteran New York journalist, known to friends as Mike, will remain at CNN as a consultant and keep his famously cluttered office at the Time Warner Center.
His "Moneyline" commentary and frequent CNN reports - as many as 17 a day during the stock market boom - made him one of the country's most recognized financial news journalists.
But lately Kandel has been in front of the camera far less. And that has a lot to do with a sharp decline in business news at the Time Warner-owned network.
Today, daily money programs are all but absent on CNN - a sharp reversal from the 1990s, when CNN had as much as six hours a day devoted to business coverage.
"Moneyline," CNN's flagship business show, has morphed into "Lou Dobbs Tonight," a general news program where Dobbs rails against hot-button issues like outsourcing. And in its most dramatic retreat from business, last December CNN pulled the plug on financial network CNNfn.
That came just as rival Fox News Channel is getting ready to launch a biz news net, while CNBC still continues to churn out mega profits from its business coverage.
CNN execs contend they still have business news covered, with three weekend business shows, regular market updates, and Web-site postings.
"We have certainly not abandoned business news coverage," said Ken Jautz, executive vice president of CNN News Group.
While the dot-com bust gets some of the blame for CNNfn's demise, critics also fault CNN execs for failing to find the sizzle in business news.
That's just what Kandel was hired to do back in 1980 when he was tapped by CNN's first chief, Reese Schonfeld, to lead business coverage at Ted Turner's yet to be launched network.
"I was the first person hired in New York, on Jan. 28, 1980," Kandel said. "We went on the air on June 1."
Kandel already had enjoyed a distinguished career in print, with a resume that included financial editor of the New York Herald Tribune and editor of the New York Law Journal. "He gave us credibility," Schonfeld said.
At the time, business news on TV was a wasteland - but the public's interest in finance was rising as disposable income grew.
Kandel launched "Moneyline," the country's first national daily business newscast - and hired Dobbs, who would become one of CNN's most valued anchors. Kandel later ceded his management role to Dobbs.
Kandel's tough-minded commentary became a fixture on "Moneyline." At one point he even attacked his own boss, Time Warner's then-chief Gerald Levin, for defending the media empire's distribution of a CD featuring controversial song "Cop Killer" by rapper Ice-T.
Kandel charged Levin with "trying to cloak this garbage as freedom of expression." He kept his job, nonetheless.
"He showed that business coverage is not just the stock market going up or down," Jautz said. "He showed how it effects people's lives."
Kandel, who turns 75 on March 14, said he plans to write. Among the projects he has in the works is a book on successful people who've overcome rejection.
While his CNN career is ending, don't expect to see him moving on to a rival network. "CNN is my baby," Kandel said. "There's no way I'd compete against it."
· New York Times: Started as copy boy in 1951.
· New York Herald Tribune: Foreign correspondent, financial editor.
· Washington Star: Financial editor.
· New York Law Journal: Financial editor.
· Launched CNN's business news coverage in 1980.
(from the New York daily News, February 28, 2005)
November 30, 2004 -
New Book by NYFWA Member, "The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities"
Written by NYFWA member Bernard Baumohl, who served as TIME magazine’s senior economics reporter for more than 15 years, The Secrets of Economic Indicators shows investors how to profit from these indicators just as the professionals do. This easy-to-read book explains what the plethora of
indicators reveals about the economy and how they can be used to make more informed investment decisions. In particular, Baumohl clarifies which of the indicators pack the greatest wallop in the financial markets and why. He also highlights those that do the best job at predicting where the economy is headed. And he identifies the 10 most important foreign economic indicators, which are increasingly critical as the United States grows increasingly dependent on other economies for trade.
Baumohl begins the book by describing the drama that typically surrounds the daily release of sensitive economic indicators. He quickly covers some basic economic terms, then moves to the heart of the book. In it, he evaluates the most important U.S. indicators, from housing starts and the consumer price index to the advanced report on durable goods orders and the unemployment rate. For each indicator, he covers why it is important, who produces it, how it is computed, what it says about the future, and how stocks, bonds and the dollar react to it.
Baumohl includes actual examples of how each indicator is reported, explains where to find it on the Internet, and how to read the charts and graphs.
He offers a similar analysis of the 10 most influential foreign indicators, including the Eurozone Purchasing Managers Index, China Industrial Production, and OECD Composite Leading Indicators. In addition, Baumohl provides web sites for locating free information about each indicator.
About the author:
Bernard Baumohl is director of The Economic Outlook Group, a consulting firm that evaluates global economic trends and risks. He was an award-winning TIME magazine economics reporter for two decades and covered the domestic and international economy from TIME’s New York and Washington bureaus. As an economist for European American Bank, he monitored and developed forecasts of U.S. economic activity. He also served as an analyst for the Council on Foreign Relations. A frequent guest on television and radio, he has lectured on economics and journalism at New York University and Duke University. A recipient of the John Hancock Award for Excellence in Financial Journalism, Baumohl has a master’s degree in international affairs and economics from Columbia University.
About the book:
The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities
Wharton School Publishing, ISBN: 013145501X, $27.95, Cloth Cover, October 2004
November 10, 2004 -
BCAA Honors Nyfwa Member Roslyn Bernstein
With Annual Faculty Award
The Baruch College Alumni Association is pleased to announce that Professor Roslyn Bernstein is the recipient of this year’s Faculty Service Award in recognition of her distinguished contributions to Baruch College during the past 30 years. A formal presentation will be held during BCAA’s annual meeting on June 9th.
Roslyn Bernstein is the founder of the Journalism and Business Journalism programs, which she directed for 15 years. She is also the publisher and founder of Dollars and $ense, the Baruch College business review, and is the director of the Sidney Harman Writer-in-Residence Program at the College. Since it was created in the fall of 1998, the Harman Residency has brought 12 distinguished writers to campus including Edward Albee, Tony Kushner, Paul Auster, John Edgar Wideman, Philip Gourevitch, Anita Desai, Yehuda Amichai, and Colum McCann. The program has also awarded student creative writing prizes each semester as well as a fall literary internship at Poets & Writers magazine.
During her career as a journalist, Bernstein has written about education, media and the arts, including features on funding for the arts and corporate art collections, stories on non-profits and start-ups, and profiles of inPidual artists, educators and business leaders. She has reported from the United States, Eastern Europe, Israel, and China, and her work has appeared in The New York Times, Newsday, The Village Voice, New York, Parents, Artnews and the Columbia Journalism Review.
Professor Bernstein closely follows New York City business growth and neighborhood economic development. Her teaching interests include journalistic writing, media ethics, feature article writing, covering New York City business, and covering the business of arts and culture. A recipient of Baruch’s Distinguished Teaching and Service awards, Bernstein is a graduate of Brandeis and holds a Ph.D. in English from N.Y.U. As a faculty fellow in Baruch College's Office of College Advancement, she helped create the literature and wrote proposals for The Campaign for Baruch, a fund raising initiative that has raised millions for the College.
During her 30 years at Baruch College, Dr. Bernstein served as the advisor to The Ticker, the student newspaper, ran the Reuters Journalism Lecture Series, and was an active member of numerous committees including the Vertical Campus Art Committee, the College Personnel and Budget Committee, and the English Department Curriculum Committee.
September 19, 2004 -
Renowned Financial Public Relations Executive,
Peter Thurber Earle, Dies At Age 71
September 19, 2004 – Peter Thurber Earle, a well-known name in the financial public relations field, died yesterday at age 71 of probable heart failure, at home.
Mr. Earle was most recently a resident of Middle Village, Queens, N.Y. He was born in White Plains, N.Y. in 1933 and and grew up in Hartsdale, N.Y. In Pound Ridge, N.Y. where he resided for 20 years, he enjoyed tending to his rose garden and playing golf at Lakeover Country Club in Bedford, N.Y.
A veteran of the Korean conflict, he served as a First Lieutenant in the U.S. Army Artillery Pision, and was awarded the National Defense Service Medal, along with the Korean Service and the U.N. Service Medals.
A graduate of Salisbury School, Salisbury, Conn. in 1951, and a graduate of Columbia University Business School in 1960, Mr. Earle was a member of New York Financial Writers Association. Mr. Earle began his career as a journalist for United Press International, and went on to work at Goodyear Tire & Rubber Co., AMF Sporting Goods and Carl Byoir & Co.
Mr. Earle was known for his attention to detail and his ineffable charm.
His long-time companion, Joyce McDonough, along with her children and grandchildren, mourn his passing. Mr. Earle is survived by his brother, John Dudley Earle of White Plains, N.Y., his former wife, Barbara Saxby Earle of Pound Ridge, N.Y., and his children, Clifford S. Earle of Clemmons, N.C., Virginia Earle Giardina of New Canaan, Conn., and Jeffrey S. Earle of Stamford, Conn., as well as his four grandchildren.
A wake will be held on Tuesday, September 21, 2004, from 6:00 P.M. to 9:00 P.M. at Hillebrand Funeral Home, 63-17 Woodhaven Boulevard, Rego Park, N.Y. Mr. Earle will be interred at White Plains Rural Cemetary.
July 6, 2004 -
Who is the “…Lady in the House…”?
A new, gripping novel stolen from today’s headlines, tells the story of today’s “lady," a beautiful, devoted public servant who suddenly becomes Commander-in-Chief, President of these United States! Challenged as the first woman in the nation’s history to occupy the Oval Office, Stephanie Lindstrom, escapes an assassination, is called upon to deal with global terrorism, learns that her daughter is being held captive by renegade Muslims and weathers the murder of her philandering Barrymore-esque husband. She is steadfast and up to each task successfully. All the while she is falling madly in love with a newspaperman, a man who becomes her bastion of strength through it all.“…Lady in the House..” , available at all fine books stores, including Barnes & Noble, Amazon.com, et al, is authored by a former New York newsman and NYFWA member, joseph j duome, a resident of Newtown, Pa. (in 2002 he authored the well received “Return to Yesterday”, a WW II novella in war torn Italy.)
June 5, 2004 -
Hacks Defeat Flacks 17-13 to Even Series at One Each
The NY Post's Dan Colarusso snagged a pop-up fly ball to end the Flack threat with two runners in scoring position. Led by captain Rich Adamonis of the New York Stock Exchange, the Flacks battled back all day but in the end could not overcome a shaky defensive start when errors in the field led to the Hacks running up a 6-0 first inning lead. Hacks captain Britt Tunick, whose stellar recruiting effort was key to the Hacks rebound from last year's defeat, credited the timely hitting and critical defensive plays as keys to her team's victory. More than 30 people and players participated or cheered on their respective squads as the predicted rain showers never materialized in Central Park. Both sides vowed to return next year for the annual softball game between financial reporters and public relations practitioners.
May 7, 2004 -
Reporters Seeking To Avenge Loss to PR Practitioners
NEW YORK, May 7, 2004—The New York Financial Writers’ Association’s Second Annual “Hacks versus Flacks” softball game will be played June 5, 2004 at the ball fields on the Great Lawn at New York City’s Central Park, Britt Tunick, event chair, said today.
“The rivalry between reporters and public relations practitioners hasn’t yet reached the fever pitch of a Yankees-Red Sox match-up, but reporters are itching to square the series won last year by the public relations team,” said Ms. Tunick, a reporter at Investment Dealers’ Digest.
Participants in the softball game do not have to be members of the Association, but must be working financial journalists freelancers, or practicing public relations at profit or non-profit organizations, or public relations agencies.
“The game is sponsored by the Association: there are no fees for participation. But, all players must bring their own equipment, such as a glove,” Ms.Tunick said. The Association provides the softballs, bats and a few refreshments.
For additional information, or to sign up for the event please contact the Association at email@example.com. All attendees must sign up in advance!
April 22, 2004 -
Labor Department Issues New Rules on Overtime
The Department of Labor has issued new rules that impact whether employees are eligible for overtime or not. CCH Inc. has published an "Employment Law Briefing" that includes an article "Are journalists exempt or nonexempt under the FSLA."
Its conclusion "Under the new rules, the vast majority of journalists will almost certainly be classified as exempt" and not eligible for overtime pay.
Furthermore, the article notes "The new rules expressly identify functions such as conducting interviews, reporting or analyzing public events as exempt duties."
But the authors' think that newspaper reporters who merely rewrite press releases or "whose work product is subject to substantial control by their employer, are not likely to regarded as exempt creative professionals."
To read the article as well as whole briefing, go to www.cch.com.
April 2, 2004 -
Spitzer Keynote Speaker At Nyfwa Annual Dinner
NEW YORK, March 30, 2004 - Eliot Spitzer, Attorney General for the State of New York, will be the keynote speaker at the New York Financial Writers Association’s Annual Awards Dinner on Tuesday, June 1, 2004, at Marriott Marquis Hotel in New York City.
At the event, the Association will also present its prestigious Elliott V. Bell Award to Jane Bryant Quinn, financial columnist for Newsweek. Named for the renowned journalist and first president of the NYFWA, the Elliott V. Bell Award is awarded annually and recognizes a journalist’s long-term contribution to the profession of financial journalism.
In addition, the Association will also present scholarships to New York metropolitan area college students with specialties in business or financial journalism, according to Brad Finkelstein, this year’s Association president. Ten students from three different journalism schools and universities will receive awards of $2,400. The scholarship program was begun in the 1970s and is regularly funded by the Association from portions of proceeds of various Association events.
Since becoming the state’s 63rd Attorney General on January 1, 1999, Eliot Spitzer has advanced initiatives to make New York a national leader in investor protection, environmental stewardship, labor rights, personal privacy, public safety and criminal law enforcement. Spitzer’s investigations of conflicts of interest on Wall Street have been the catalyst for dramatic reform in the nation’s financial services industry. His prosecutions of sophisticated white collar crimes have resulted in some of the nation’s largest fraud recoveries. Spitzer brings considerable experience to the office. He was a clerk to US District Court Judge Robert W. Sweet; an associate at Paul Weiss, Rifkind, Wharton, and Garrison; and Assistant District Attorney in Manhattan from 1986-1992. He also worked at the NY law firm of Skadden, Arps, Slate, Meagher and Flom, and was a partner at Constantine & Partners. Spitzer is a 1981 graduate of Princeton and a 1984 graduate of Harvard Law School
Tickets for the mid-year dinner are priced at $1,500 for a table of 10, or $150 per person. For additional information on ticket sales, contact Jane Reilly at 201-612-0100, or firstname.lastname@example.org.
The New York Financial Writers’ Association is a professional organization of business and financial editors and writers employed full-time or freelance for major print and broadcast news organizations headquartered or with bureaus in the New York metropolitan area. The NYFWA was founded in 1938 and is 66 years old. Throughout its history, the NYFWA had dedicated itself to raising and maintaining high standards of business and financial journalism.
March 29, 2004 -
NYFWA Member's Golf Radio Show Begins Second Season
NYFWA member Tom Mariam is pleased to report The Metro Golf Show, the New York metropolitan area’s only regularly scheduled radio program devoted to golf, will begin its second season on WVOX (1460 AM) on Saturday March 27. The Metro Golf Show will be heard every Saturday morning from 8:00 – 8:30 a.m. on WVOX-AM, America’s great community radio station. Tom, who is host along with
Bill Meth, return for The Metro Golf Show’s second round of linking golf fans of all levels to all angles of the local golf scene. The Metro Golf Show features profiles of area golf courses, playing tips, interviews with leading experts in all aspects of golf as well as the latest news, both local and national, from the links.
March 26, 2004 -
TJFR Cites Three NYFWA Members
TJFR Publishing and the Business News Reporter just announced its Annual 30-under-30 Awards. Congrats to:
Jennifer Bayot, The New York Times - NYFWA member and former NYFWA scholarship winner
Erika Hymowitz, CNN - NYFWA Board Governor and Follies Program chair
Chana Schoenberger, Forbes - NYFWA member and Programs committee member
March 23, 2004 -
Journalists Receive Awards from NYSSCPA for Financial Reporting
NEW YORK, March 23 /PRNewswire/ -- The New York State Society of Certified Public Accountants has announced winners for its Excellence in Financial Journalism Awards that recognize reporters from the national and local press who contribute to a better understanding of business topics.
Winners selected were:
* Print Over 1,500 Words, Accounting:
Joseph Weber, Michael Arndt, Emily Thornton, Amy Barrett, Dean Foust,
Business Week, "CFOs on the Hot Seat"
* Print Over 1,500 Words, General Audience:
Rod Norland, Newsweek, London and Michael Hirsch, Newsweek, Washington
for their cover story, "Bush's $87 Billon Mess"
* Print Under 1,500 Words, General Audience:
Lisa Ann Williamson, Staten Island Advance, "Setting Up a Trust for a
Child with Disabilities"
* Print Over 1,500 Words, Business/Financial:
Bob Drummond, Bloomberg Markets, "Unfair Disclosure - US Companies
Still Pass Crucial Information to Favored Investors"
* Print Under 1,500, Business/Financial:
Gil Weinreich, Research Magazine, The Ethical Advisor - series of
columns on ethics
* Business/Financial Columnist:
John Crudele, The New York Post, for his weekly column which makes
complex financial stories understandable
* General Audience - Columnist:
Rachel Beck, The Associated Press, for her regular All Business Column
* Electronic Media/Business and Financial:
David M. Katz, CFO.com, "Troubled Times at the AICPA"
* Electronic Media/General Audience:
Jennifer Barrett, Newsweek, "Charging Into Retirement"
* Wire Service:
David Evans, Abhay Singh, Adrian Cox, Bloomberg News,
"The Flimflam Man"
John Wordock, CBS Marketwatch, series to help investors cope with the
war in Iraq
-- Fernando Diego Orfila, Univision 23, Miami for the segment on how
to prepare financially for a hurricane
-- A Special Recognition Award -- Outstanding Producer in a Financial
Series to Catherine McKenzie, ABC Eyewitness News for its Love and
A panel of CPAs from the Society and financial journalists from the New York Financial Writers Association judged the competition. Entries were judged on accuracy and thorough research, the ability to communicate an understanding of the topic and the fair and balanced representation of the issue.
Winners will receive their awards at a ceremony to be announced shortly.
About the NYSSCPA
Representing nearly 30,000 accountants and CPAs, the New York State Society of Certified Public Accountants (NYSSCPA) is the oldest and largest state accounting organization in the nation. Incorporated in 1897, the Society is a nonprofit organization that seeks to establish and maintain high standards of integrity, honor, and character among certified public accountants. Its members are CPAs working in public or private practice in a state that serves as the home of Wall Street and major financial centers.
The New York State Society of CPAs is located at 530 Fifth Avenue, New York, NY 10036. To learn more about the Society call 800-633-6320 or visit the Society's website at www.nysscpa.org.
Source: New York State Society of Certified Public Accountants
CONTACT: Lois K. Whitehead, Public Relations Manager of NY State Society
of Certified Public Accountants, +1-212-719-8405, email@example.com