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. 153, No. 12, March 23

A Big Bone Scam
Byline: Jerry Adler; With Eliza Gray Dinosaur experts are saddened but not surprised by the theft of a fossil. If you walk the hills and washes of the Hammond Ranch in north central Montana, you will, sooner or later, come across evidence of...
A Brewing Court Battle
Byline: Michael Waldman; Waldman is executive director of the Brennan Center for Justice at NYU School of Law. Obama's ambitious agenda will be scrutinized and second-guessed by conservative federal judges. As they charge through the eventful...
America's Unemployed Olympic Hero
Byline: Eric Adelson His miracle in Beijing pushed Michael Phelps to eight golds. Now Jason Lezak just wants to stay in the pool. Less than six months after swimming one of the most electrifying laps in the history of his sport--the greatest...
A Plan That Obama Can Bank On
Byline: Jonathan Alter Pinstriped insiders shouldn't be allowed to co-opt the discussion about solutions to the banking crisis. As the old song goes, the thigh bone's connected to the knee bone, the knee bone's connected to the leg bone, the...
Barbra Takes It like A Man
Byline: Ramin Setoodeh Papa, can you hear me? "Yentl" returns--on DVD! Writer/director/ singer/star Barbra Streisand spoke to Ramin Setoodeh. Was it hard to direct yourself? The only hard part is the part I don't like, meaning costume fittings,...
Branded with the 'Scarlet U'
Byline: John Blomfield; Blomfield lives in Summit, N.J. From Manhattan commutes to morning school drop-off rituals: it's not easy adjusting to unemployed life. My days now start at 7:45 a.m. when my 8-year- old explodes into my room, yanks the...
Calling the Baby Ugly
Byline: George F. Will Arne Duncan, the new secretary of education, says that under No Child Left Behind 'we have been lying to students and their parents.' Sonorous Washington talk about education in grades K through 12 is usually solemnity...
Cracking the Vault
Byline: Mark Hosenball and Evan Thomas With help from a former UBS banker, the Feds are demystifying how the Swiss do business. Inside the tradecraft. Among the very rich, it's known as "the nut." That's the amount of money they need to salt...
D.C. to Wall Street: Drop Dead
Byline: Daniel Gross Investors' anger at Obama is misplaced. Stock indexes don't 'think.' They don't like one president and dislike the next. Investment professionals and econo-pundits claiming to speak for Wall Street have been blaming President...
How Do You Mend A Broken Heart?
Byline: Jeneen Interlandi Choosing the best treatment for your coronary-artery disease can be a pain. Wayne Leposavic was surprised when routine tests indicated heart trouble and a subsequent angiogram found three blocked arteries surrounding...
I Can't Believe I'm Still a Vegan
Byline: David Noonan As millions of middle-aged Americans have discovered, it's a lot easier to grow a belly than to not grow one. More than halfway through my sixth decade, I have learned to live with the routine insults and occasional horrors...
Jihad Chic Comes to London
Byline: Sami Yousafzai In the city's Muslim neighborhoods, an Afghan reporter finds a few too many uncomfortable reminders of home. I still don't know who wanted me dead. I was sitting in my car one day last november, not far from my house in...
More Than Fooling Around
Byline: Melinda Liu The confrontation last week between a U.S. ship and five Chinese naval craft was just the latest of many low-grade military clashes in the South China Sea, the site of numerous territorial disputes. It was eerily similar to the...
No Harry and Louise
Byline: Katie Connolly Why health-care reform might be different now. Chip Kahn is one of those Washington warriors who helped bury health-care reform. In the summer of 1993, he pitched a simple idea to advertising executives: "Harry and Louise,"...
Perspectives
"I think that's an individual choice. The states should make that choice. That's what the choice is. The individual choice rests in the states. Let them decide." Republican National Committee Chairman Michael Steele, appearing to waver in his views...
Pop's Virtual Royalty
Byline: Seth Colter Walls Prince once ruled the Web. Now he's got to step it up. Prince has always wanted to be your everything. On his first hit single, back in 1979, the R&B Romeo declared his intention to become not only your lover, but...
Reenter the Dragon
Byline: Jennie Yabroff An art-world flamethrower returns from exile. In 1993, a cultural critic named Dave Hickey published a collection of essays positing that the experience of looking at art should be pleasurable. An innocuous-enough assertion,...
Stop Saving Now!
Byline: Daniel Gross; With Daniel Stone in Washington and Nick Summers and Jessica Ramirez in New York As consumers hibernate and investors hoard cash, the economy is withering. This new age of thrift is understandable. But for a recovery to take...
The 9/11 Commission and Torture
Byline: Philip Shenon The bipartisan panel that investigated the terrorist attacks was widely praised. But did its final report rely on suspect information? Powerful Democrats on Capitol Hill are clamoring for creation of a bipartisan "9/11 style"...
The Chosen Stocks Rally
Byline: Joanna Chen Despite Wall Street's gloom and doom of late, at least one category of the market is still going strong. Stocks from companies based in Israel--which is the second-largest foreign trader on U.S. exchanges after Canada--have grown...
The Editor's Desk
Byline: Jon Meacham Thrift, we all know, is one of the perennial virtues. For many of us, however, the inclination to save is a good deal weaker than the urge to spend, which is why personal indebtedness is so great. Our call for more spending on...
The Enemy Within
Byline: Eve Conant and Arian Campo-Flores; With Catharine Skipp, John Barry and Dan Ephron Cartel-related violence has moved well beyond American border towns. As Manuel exited the Radio Shack in Phoenix with his family one afternoon last month,...
The Intel Czar's Picks: Not Too Intelligent?
Byline: Mark Hosenball and Michael Isikoff Add president Obama's national intelligence czar, Dennis Blair, to the list of embattled top-level appointees. Blair, a retired four-star Navy admiral who attended Oxford with Bill Clinton, courted controversy...
The Merchants of Venice Art
Byline: Peter Plagens No one sold the world on modernism like Titian, Tintoretto and Veronese. No, it wasn't Manet, with his "Luncheon on the Grass" in 1863, which is what we were taught in art-history class. It wasn't even, as many critics have...
The Myth of Kurdistan
Byline: Lennox Samuels; With Ferhad Murasil Iraq's northern enclave used to be called a model for the rest of the country. Not anymore, say Kurds. Until the old man is out of the way, everyone else who hungers for power in Iraqi Kurdistan is...
The Surprising Dark Side of the Very Hungry Caterpillar
Byline: Ramin Setoodeh Once upon a time, Eric Carle wrote a children's book that was so comfy, it came with its own cocoon. Turns out that cute little bug went through a very big metamorphosis. Eric Carle has made millions from the efforts of...
We Can't Get There from Here
Byline: Sharon Begley Political will and a price on CO2 won't be enough to bring about low-carbon energy sources. By all means, swap out your regular light bulbs for compact fluorescents, take the bus, weatherize your home and install solar panels...
When Our Eyes Deceive Us
Being part of a system that identified and ultimately convicted the wrong man became another form of victimization. Describe the last person who served you coffee. What if I helped refresh your memory? Showed you some photos of local baristas? Pulled...
Why Washington Worries
Byline: Fareed Zakaria Obama has made striking moves to fix U.S. foreign policy--and that has set off a chorus of criticism. As George W. Bush's term came to a close, he had few defenders left in the world of foreign policy. Mainstream commentators...