Again I will stay consistent by saying that the stimulus bill is still the most important news item of this week.
But this time, it is important for people to understand the effects this bill has on the economy and in people's lives.
With this article, from the Washington Post, it states that the mortgage rates dropped as Obama signed the stimulus bill. With the passing of the bill, people can see the its sudden effects. The reason why the sudden drop is news worthy is because it can affect all people, locally and globally. It is also timely because the stimulus bill was only signed and approved by Congress last week. And also, the infamous novelty president, Barack Obama, is center of attention once again when he signed the bill.
With its importance, novelty, public figure, and timely factors, the sudden effects of the stimulus bill, such as dropping rates, is still the most important news item of the week.
Saturday, February 21, 2009
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OK, except Pres. Obama's involvement speaks to the news value of prominence, not novelty. You might want to review the description of that news value (see p. 17 in text). 9.5/10
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