Newsweek

Newsweek is a weekly news magazine covering current events and politics in America. Newsweek magazine is published by Newsweek, Inc. and is headquartered in New York, N.Y. It has been published since 1933 and is currently owned by Sidney Harman. Newsweek covers national news and is the second largest weekly news magazine in the United States, behind Time Magazine. Newsweek was founded in 1933 as News-Week by Thomas J.C. Martyn, a former foreign Time magazine editor. At that time, the magazine cost 10 cents a copy and $4 per year. The name changed to Newsweek in 1937 and it merged with Raymond Moley's weekly magazine, Today. Moley was a member of Franklin D. Roosevelt's "Brain Trust" and to distinguish itself from its competition, Time, which had a similar format, Newsweek carved a reputation for itself as being more liberal and serious in tone. It was the first to assign writer by-lines for its editorial columns. The Washington Post Company bought the magazine in 1961 and its liberal publisher, Katharine Graham, continued to set the publication apart from its two main competitors (Time and U.S. News & World Report). Starting in 2008, the company went through massive restructuring and suffered a reported 50 percent in subscriber rate loss in one year and $28 million in revenue in 2009. The magazine was sold to stereo pioneer Sidney Harman, who is husband to California Congresswoman Jane Harman, in August 2010. Newsweek's editor Jon Meacham's resignation from the magazine coincided with the sale. 52 percent of the readership are men and 47 percent are women. The average age of readers is 52 and 88 percent have either attended or graduated from college. The average personal income of its readers is $99,792.In the 1950s, Newsweek became a leader in in-depth reporting of racial diversity and in the 1960s, under then-editor Osborn Elliott, it became a voice for advocacy journalism, where subjective political positions are countebalanced with facts. In August 1976, Newsweek reported that federal investigators had enough evidence to prove that former Teamsters Union boss James Hoffa was strangled to death July 30, 1974, the day he disappeared outside a suburban Detroit restaurant. The article further reported that the murder was planned and executed outside Michigan. In 1998, Newsweek killed a story about White House intern Monica Lewinsky's sexual relationship with President Bill Clinton. The story broke on news aggregate website, the Drudge Report, which reported that Newsweek's reporter, Michael Isikoff, had gathered enough evidence from sources to publish the story and name Lewinsky, when at the last minute the magazine decided to pull it. Newsweek eventually published the story after the Drudge Report made it public. The magazine is reknowned for its investigative war reporting, most recently in Iraq and Afghanistan. Daniel Klaidman is the Managing Editor.

Articles from Vol. 155, No. 05, February 1

All Pain, No Gain
Byline: Seth Colter Walls It's unfashionable to carp about Hollywood's motives in handing out the Oscar for best picture. Savvy filmgoers are, at this late, cynical date, surely aware of the industry politics afoot, even if we reserve the right...
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Alone in a Crowd
Byline: Jacob Weisberg Why Obama's cool comes off as cold. In electing a Republican senator, the normally liberal voters of Massachusetts were surely voicing their unhappiness over many things: unemployment, bank bailouts, the health-care plan...
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A Quiet Revolution
Byline: Bill Gates During my first year working full time in philanthropy, I met a variety of brilliant people, including AIDS researchers, agronomists developing drought-tolerant crops, and teachers trying to find new ways to inspire students....
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Ask More of Us, Mr. President
Byline: Louisa Thomas The man who mobilized a generation must now issue marching orders. I watched President Obama's inauguration on my laptop, sharing a pair of earphones with a friend--one bud in my right ear, the other in her left. Like so...
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Change We Can Believe In
Byline: Fareed Zakaria It's time for the president to stop legislating and start leading. How bad do things look for Barack Obama? Some historical perspective is useful. His approval ratings after one year in office are about the same as Ronald...
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China Puts the World off Balance
Byline: Minxin Pei One of the greatest challenges the West now faces is how to get China, a habitual free rider, to pull its weight on international issues. Ever since the country reemerged as a great power in the last decade, the United States...
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China's $2.4 Trillion Stash
Byline: Robert J. Samuelson Why the RMB won't replace the dollar. China disclosed the other day that its foreign-exchange reserves had increased to about $2.4 trillion in 2009, a gain of $453 billion for the year. These stupendous figures--and...
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Does He Believe in Magic?
Byline: Allison Samuels Could African-Americans be the next constituency to turn away from Barack Obama? Polls show that the president still enjoys high approval ratings from black voters. But with unemployment hitting inner-city communities nearly...
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Enough Is Enough
Why we can no longer remain on the sidelines in the struggle for regime change in Iran. Two schools of thought have traditionally competed to determine how America should approach the world. Realists believe we should care most about what states...
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High-Court Hypocrisy
Byline: Jonathan Alter Dick Durbin's got a good idea. The year 2010 is already a nightmare for progressives, and it's only January. In one week alone, the health-care bill derailed, the liberal radio network Air America went silent, and the Supreme...
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Is the Tea Party Over?
Byline: Joe Scarborough The anti-Obama anger that helped fuel the 'Massachusetts miracle' is now threatening to tear the movement apart. As the election results began reaching the White House, the young president found himself shaken. How could...
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May the Best Theory Win
Byline: Rana Foroohar; With Barrett Sheridan in New York and Stefan Theil in Berlin How economists are competing to make sense of our failed financial system. Economists aren't typically an emotional bunch. The dismal science attracts more sober-suited...
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The Case against Settling
Byline: Julia Baird Don't blame feminism for bad dates. Remember that scene in When Harry Met Sally when Harry refuses to believe that a man called Sheldon could be a great lover? "A Sheldon can do your taxes," he says. "If you need a root canal,...
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The End Is Near
Byline: Joshua Alston In the beginning, Oceanic Flight 815 started shaking somewhere over the Indian Ocean. "My husband keeps reminding me that planes want to be in the air," Rose nervously tells the passenger sitting next to her, a levelheaded...
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The End of Restraint
Byline: Stuart Taylor Jr. Alito, Roberts, and judicial modesty. The Supreme Court's five conservatives are properly protective of American citizens' First Amendment rights to spend as much of their money as they wish on political speech, both...
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The Return of the Neocons
Byline: David Margolick Neoconservatism was once deemed dead--'Buried in the sands of Iraq.' But it persists, not just as the de facto foreign-policy plank of the Republican Party but, its proponents assert, in Obama's unapologetic embrace of American...
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The Trouble with Barack
Byline: Jon Meacham Obama is accused of being too radical, but he's been governing from the middle for a year. So why all the anger? Because he's leading with his head, not his heart. First, a bit of personal history. I am a Southerner, a churchgoer,...
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The Winter of Our Discontent
Byline: Jon Meacham They knew it would happen. "i told the president a year ago that, given the economic forecasts, his standing would be less in about a year," Obama senior adviser David Axelrod told me in the aftermath of the Democrats' losing...
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