National endowments for journalism?

“The internet is well suited to detect scandals that require lots of
bloggers to spend a little bit of time searching for bits of
incriminating evidence. But it’s no substitute for serious
investigative reporting that requires weeks of intelligent inquiry to
get to the heart of the problem. Without Woodwards and Bernsteins,
there will be even more Nixons and Madoffs raining mayhem and

That’s an excerpt from a provocative article in
the Guardian by Bruce Ackerman and Ian Ayres. Their solution to
declining newspapers and mass reporter layoffs? A national endowment
for journalism.

Read the full article in the Guardian.