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Out of Print: Newspapers, Journalism and the Business of News in the Digital Age

News and journalism are in the midst of upheaval. How does news publishing change when a newspaper sells as few as 300,000 copies but its website attracts 31 million visitors? The internet is not simply allowing faster, wider distribution of material: digital technology is demanding transformative change. Journalism needs to be rethought on a global scale and remade to meet the demands of new conditions.

Out of Print examines the past, present and future for a fragile industry battling a

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Out of Print: Newspapers, Journalism and the Business of News in the Digital Age

Nice Make Money photos

A few nice make money images I found:

Crater Lake Mirror
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Image by Powderruns

Packing for a 5 day trek in Nepal
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Image by Robin Baumgarten
I’ve annotated all the items in the picture. I also took a pair of sunglasses (Which i forgot to put in there) and my camera, which I used to take this picture. The camera is a NEX-5, and my main lens is the Zeiss 24mm Prime Lens. I love this combination, wouldn’t trade it for any other camera! The 18-55mm kit lens will do fine as well if the Prime lens is too expensive for you (and it is ludicrously overpriced, tbh).

I’m really happy with what and how much I packed for the trek (which was a 5 day trek to Poon Hill from Pokhara). If I’d do it again, I’d pack exactly the same stuff, except for the yak-wool socks. The only thing I slightly missed was a good knife, to shape wood (making walking sticks and such).

Cost to do business extends far beyond the standard fix costs of rent, utilities, insurance, etc. Recently, I read of these two business costs:

$ 7,647 regulatory cost per employee (Source: SBA)
$ 767,000 annual payroll cost for absenteeism for largest employers (Source: CCH Inc)

From the 30,000 viewpoint, many of the costs within these two figures can be attributed to taxes in some form or another. The word tax has Latin origins and means to determine the value of something. Unfortunately today, taxes have gone beyond appraisal and now extend into all aspects of business.

Are all taxes necessary? The answer to this is No. Yes, some taxes are vital to ensure the necessary public services including law enforcement, fire protection, road repair, education, etc. However, many taxes are a way for government to fund itself, as government does not make money. It must redistribute the dollars generated by the productivity of businesses and individuals through a process called taxation.

For many firms, especially small businesses, taxes are viewed as a necessary evil. Hence, efforts to increase sales and profitability are not necessarily embraced with enthusiasm. The real issue of taxes is probably fourfold:

The first issue is that taxes are viewed as an unlimited resource. When government fails to act responsibly, its first action is to raise taxes.

Issue number two is the actual use of taxes. Is government using the taxes both efficiently and effectively? Waste in government from local to national has been documented over and over again.

Especially in difficult economic times, businesses are continually being forced to reduce or cut costs to stay afloat. Yet, government continues to expand. No wonder so many business owners have resentment regarding taxes.

Third, taxes negatively affect productivity. When taxes become oppressive, individuals start rethinking why should they be working so hard while others are not?

Also, business productivity research suggests that only 25% of the employees are actively engaged on the job. The other 75% are disengaged to actively disengaged on the job. When employees do not provide an hour’s worth of work for an hour’s work of pay, the taxes from payroll to regulations still must be paid.

Fourth, the public views taxes for businesses differently. There exists an almost “They (Corporate America) can afford taxes, but I cannot” belief. In the book “Corporate Canaries,” the author makes a very valuable point: When businesses make profits, they are paying taxes. Payment of taxes is corporate citizenship.

Taxes contribute to the cost of doing business and can dramatically affect productivity. To remain profitable, businesses must look at future growth (productivity) and balance it against increased taxes.

Bottom line is that in many instances businesses are today’s real tax collectors. Unfortunately, many citizens do not understand that when corporate taxes are raised, the customers will be the ones paying the taxes and productivity will suffer because businesses will engage in reduction in force to outright terminations.

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Taxes - The Good News and the Bad News For Increasing Business Productivity

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