(Edit) Willem Buiter as noted previously is becoming the chief economist for Citi; he shuts down his blog. Too damned bad.
Πάντα ῥεῖ
In January 2010 I will, DV, start a new career as Chief Economist at Citi. Unlike my predecessor in that position, Lewis Alexander, who was based in New York City, I shall be based in London.
As a consequence of this career move, Maverecon will be mothballed. That is the logical implication of brand integrity and credibility. In Maverecon I wrote under the cover of ‘academic immunity’ . Academics have no duty other than to state the truth as they see it – to ’speak truth to power’. This gives them the ability to be undiplomatic, blunt, tactless and outspoken in ways that are unacceptable in the wider world – the world of grown-ups.
Taking note of some departures from the Undertow Wing of the Internet Transient Hotel. These were some of the characters listed on the right side of my page.
With Hu Shuli’s departure last month – following the exodus of most of her staff – the english language Caijing News online magazine has entered rigor mortis. Caijing was an excellent vantage point into affairs in China. Hu managed to elude the official censors but could not satisfy its media- conglomerate owners.
It’s reported that Hu shuli will launch a new magazine name “Caijing Newsweek Magazine” People who Know the fact well said that,” They are registering a New company, which may be named Caixin Limited Co.LTD, with 1 million, all from the resiged people from Caijing. Wu Chuanhui and other resigned employees of Caijing are preparing for the news Maazine
“I think new magazine will be publish since we editorial department resign together,” a journalist in Caijing said.
It said that the mass resignation is followed escalating pressure in recent months by the Stock Exchange Executive Council (SEEC), to rid the outspoken magazine of its widely reputable editorial independence.
“The key is, the SEEC wants to intervene and censor all of our financial stories, particularly cover stories and investigative reports. That’s unbearable (for us),” one source said.“None of the real stories we used to run would have been OK (with the SEEC) if they stepped in,” the source said. SEEC is Caijing’s owner, the unique shareholder, which always to intervene and censor the most important articles since July .
Caijing boasts a circulation of 225,000 and is a major money-maker for the Hong Kong-listed SEEC Media Group, which owns and publishes the magazine. The journal pulled in HK$ 54.1 million ($6.9 million) in the first half of this year, contributing about 47 percent of the SEEC Media Group’s total revenue during the period.
Hu Shuli ,56-year-old, a veteran journalist herself, called the “most dangerous women in China”, has kept the Beijing-based bi-weekly vocal on issues relating to official scandals, corporate fraud and public health emergencies since it was founded in 1998.
Caijing also carried economic observations by Andy Xie. Where he will appear next is unknown; Caijing News is frozen in time. Hopefully, Hu’s new publication will be up and running soon.
Also disappearing is Taunter Media. Taunter is one of the reasoned, insightful sources of opinion online, one whose true identity – like Batman’s – remains unknown:
The End of the Internet
December 15, 2009 by Taunter
This is it for me, at least for this chapter. I am off to join some people who don’t much appreciate voices singing out of key, and while they might be able to get over my public disdain for coaches who punt in opposing territory, it would be rather awkward to continue to point out the incompetence of the administration. So for now, it’s probably best to hang it up.
This is bad! Taunter apparently has taken a position in the Obama administration. Good luck, Taunter. If our paths cross sometime in the future with me a part of a furious mob bearing fiery brands and pitchforks, I will do my best to persuade my cohorts from flaying/breaking/boiling/burning/disemboweling/dismembering you while you are still alive.
Please wear a name tag with the word ‘Taunter’ on it.
🙂