Edit economics in China

Caijing Magazine in Beijing, China is looking for five native English-speaking financial editors to come refine its newswire content.
The editors will work with junior Chinese writers who are using English as a second language to create clear, often breaking business news for institutional investors.
Applicants should have at least three years' experience at a daily newspaper, Web site or newswire. Candidates should also possess a background in economics, finance and business. All potential editors will be required to take a timed editing test.
Caijing offers its employees compensation packages including an annual bonus, housing subsidy, allowance for private individual medical insurance, airfare allowance and relocation assistance. Caijing would like its new editors to be on site towards the end of this Sept.

Learn more about the position here.

Learn about the Taiwan impact

The National Press Foundation is offering an all-expenses-paid fellowship in Taiwan, a small island with a big economic impact, from Oct. 24 through Nov. 2.

The fellowship, which will be awarded to eight U.S. journalists and five Taiwanese journalists, will explore what’s next economically for Taiwan, as well as its relationship with the U.S., China, and other Asian nations.

Journalists selected for the fellowship will have a chance to:

• Interview leaders in industries you cover;
• Discuss reporting issues with Taiwanese colleagues;
• Meet with government officials for on-the-record briefings;
• Experience Taiwan’s high-speed trains;
• Visit cultural and historic sites.

The deadline to apply is Aug. 10. For more information click here. For the online application click here.

When business and free speech collide

The Wall Street Journal was the first to report on China's recent mandate requiring all new computers sold in the country to contain filters restricting citizens from viewing pornography and other online content it deems harmful.
China has long been notorious for its online censorship, using it to quash movements it opposes (like the freedom of Tibet) and obscure the darker parts of its history (like the Tienanmen Square massacre).
The New York Times wrote an article mentioning the impact this regulation will have on American computer companies including Dell, Lenovo and Hewlett-Packard. While the story explains that companies are still examining the regulation, the anonymous industry executives it quotes seem more concerned with how it will set back production than how it will curtail the liberties of others. Says one executive on the regulation:

“The wording may be intentionally vague but the message is clear: we have no choice in the matter,”

This seems to be a popular view of many technology companies working in China. Yahoo helped Chinese Internet police arrest a dissident Internet journalist in 2007 and Google has helped China censor its searches for years now.
While business journalists have examined the moral implications of these companies' business decisions, it still feels that many are pulling punches. Cooperation with China's censorship flies directly in the face of many of these companies' purported goals and self-sculpted images. Journalists shouldn't hesitate to pounce on that hypocrisy.
As a whole, business journalists should call businesses on it when their products do harm to those they're supposed to serve. It not only helps the journalist and their readership, but the companies in bettering themselves.
Business journalism should never forget to emphasize what companies sometimes forget; in the end, there is always a choice.
View the article here.

What do you think about the current accountability of companies aiding in China's censorship? Comment and let us know.

Wall Street Journal prints in India

The Dow Jones & Co. announced Tuesday it will print The Wall Street Journal Asia in India. The move is part of the company's expansion into India and China. It will be printed in New Delhi and Mumbai and delivered the same day to subscribers in major Indian cities.
See the story here.

FBN Stock Market Editor: "We're not going to hit bottom until 2011 or 2012"

In an interview with Woman Around Town, Elizabeth MacDonald, stock market editor at the Fox Business Network, shared her views on the economy, the bailouts and a future turnaround for the markets. MacDonald said she is pessimistic, and noted that she does not anticipate a market bottom until 2011 or even 2012. She said the bailouts, which were a product of "hysterical blindness," may not work. "I have lots of concerns including the impact of government's fiscal recklessness (which I should note also occurred under President Bush) and a potential national security issue now that China holds massive amounts of U.S. debt," she added.

MacDonald has the following advice for investors:

Start socking away your money in a decent bond fund with long-term bonds, not short-term debt instruments, which tend to be more volatile, and max out your 401(k). Save, save, save because the U.S. government is deeper into the economy than ever before. And your taxes and costs are going to go up.

MacDonald has received multiple awards for her business coverage, including the Gerald Loeb Award for Distinguished Business Journalism. Prior to joining FBN, she worked for Forbes and The Wall Street Journal.

For more click here.