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	<title>SAST Wingees &#187; prosperity</title>
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		<title>The humble newspaper as an index?</title>
		<link>http://www.sastwingees.org/2007/12/02/the-humble-newspaper-as-an-index/</link>
		<comments>http://www.sastwingees.org/2007/12/02/the-humble-newspaper-as-an-index/#comments</comments>
		<pubDate>Sun, 02 Dec 2007 11:16:32 +0000</pubDate>
		<dc:creator>Sukumar</dc:creator>
				<category><![CDATA[General Interest]]></category>
		<category><![CDATA[economy]]></category>
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		<category><![CDATA[Management]]></category>
		<category><![CDATA[newspaper]]></category>
		<category><![CDATA[prosperity]]></category>

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		<description><![CDATA[TweetAs someone brought up in Chennai, i have long been used to starting my day with The Hindu newspaper.  I don&#8217;t remember reading the newspaper much during my time at BITS, Pilani except for the occasional copy of the Hindustan Times . I guess,  somehow i couldn&#8217;t get myself to read other newspapers due to [...]]]></description>
			<content:encoded><![CDATA[            <a href="http://twitter.com/share" class="twitter-share-button" data-count="" data-text="The humble newspaper as an index?" data-via="" data-url="http://www.sastwingees.org/2007/12/02/the-humble-newspaper-as-an-index/" >Tweet</a><script type="text/javascript" src="http://platform.twitter.com/widgets.js"></script><p>As someone brought up in Chennai, i have long been used to starting my day with <a href="http://www.thehindu.com/" target="_blank">The Hindu</a> newspaper.  I don&#8217;t remember reading the newspaper much during my time at BITS, Pilani except for the occasional copy of the <a href="http://www.hindustantimes.com/Homepage/Homepage.aspx" target="_blank">Hindustan Times</a> . I guess,  somehow i couldn&#8217;t get myself to read other newspapers due to TheHindu disease which afflicts most Chennai-ites.</p>
<p>Sometime in the beginning of  1988, I reached Mumbai  and for the first time, I laid my hands on a copy of the <a href="http://timesofindia.indiatimes.com/" target="_blank">Times of India</a> newspaper and i should say it captivated me. What impressed me the most was the number of pages in it compared to relatively puny looking Hindu newspaper that i was familiar with.  I didn&#8217;t think much about the difference in size at that time, but that information was definitely filed away somewhere in my brain, i am sure.</p>
<p>Later in Dubai, I read the Khaleej Times and Gulf News and they were not as bulky as the Times of India. It is when I reached New Jersey in the year 1990 for my first stint in the USA, that the bulkiness of the newspaper really hit me &#8211; New York Times included as many as 3 big supplements on a sunday with a full fledged magazine thrown in. Even the local Star Ledger had lots of pages.</p>
<p>In my second stint in the USA from 1996 onwards, I was a subscriber of New York Times, St. Petersburg Times (when in Florida) and the Star Ledger when I was in NJ and the Wall Street Journal.</p>
<p>I could never get through the entire newspaper on any given day and especially on Sundays the task of reading the entire newspaper would be a marathon. I always used to wonder if anyone reads the entire newspaper and if not why does it have so many pages?</p>
<p>Okay, I am sure you are thinking &#8211; so what is the big deal about all this with the newspapers?</p>
<p>Recently, on our tour of Egypt, I had a chance to read the Egyptian Gazette &#8211; it was a puny newspaper with not more than 10 pages.</p>
<p>That is when the Aha moment struck me &#8211; is it possible that the bulkiness of the newspaper is an approximate indicator  of size of the economy?  Egyptian economy is not that strong. That would explain why Mumbai, India&#8217;s financial nerve center would have a big newspaper. Same explanation for the New York Times from New York, the world&#8217;s financial nerve center.  Same explanation for the relatively small size of the Hindu newspaper from Chennai which is not so economically powerful.  I also happened to notice that the Hindu newspaper has grown in number of pages reflecting the growth of the Chennai economy. Or maybe it is my imagination &#8211; looking for data to support my theory (called confirmation bias).</p>
<p>I did some Googling to see if anyone else has talked about this idea of the number of pages of a newspaper serving as an economic index. I couldn&#8217;t find any and again it could be my confirmation bias <img src='http://www.sastwingees.org/wordpress/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>I haven&#8217;t thought this through completely and I don&#8217;t have too much data to support my theory other than my own observations which is not more than a handful.</p>
<p>I also don&#8217;t know why there is such a correlation? What exactly influences the number of pages in the newspaper that connects it to the economy?  Is it advertising?</p>
<p>If any of you have any bright ideas either in support of or against this theory, please fire away your comments.</p>
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