Breaking down the downgrade: distilling the message with visualizations and context.

Markets, both domestic and abroad, spent no time to react on the news that Standard & Poor’s, one of the three major companies that rate the solvency of nations, had downgraded the United States credit rating from AAA to AA+.

S&P released its report on the downgrade on Friday, Aug. 6, after American markets were closed. Overseas markets were the first to move, with Japan’s Nikkei index dropping 2.2 percent. A sell-off sent China’s mainland Shanghai market down 2.2 percent. The country’s Hang Seng index flirted with a 7 percent drop before settling down 4.5 percent for the day.

When it came time for America’s markets to open the following Monday, the Dow lost several hundred points in the first hour of trading, and ended down 512 points 4.3 percent. It was the biggest one-day drop since Dec. 1, 2008, the Wall Street Journal reported. It’s among the top 10 biggest one-day DIJA declines ever, the Journal wrote. Crude oil prices also fell amidst concerns about lower demand.

But what does the S&P report actually say? How can we distill and best represent it? The following word cloud identifies dominant words in the document, with the size of a word relating to its presence in the document.

Visualization shows expansion, peak and fall of the American newspaper

A new visualization from Stanford University charts the expansion of printing presses as early settlers headed west, as well as the peak and decline of the American newspaper.

It’s also highly interactive, letting users scroll back and forth through the American history of newspapers, pausing for textual markers at historically significant times. Users also get a breakdown of the publications serving a particular town, and can filter papers by the language they were published in or by publication frequency.

This was a major undertaking from the Rural West Initiative of Stanford University, which involved tapping into a directory of some 140,000 American newspapers at the Library of Congress.

“It would be fairer to call this a ‘database’ visualization than an omniscient creator’s-eye view of the growth of American newspapers,” the Rural West Initiative writes on an introduction to the visualization. “There are known (and surely unknown) omissions from this list, as well as duplicate entries, and entries that are similar and can appear duplicative.”

The visualization accompanies a report by the Initiative which indicates that while metro journalism has been on the decline for decades, rural journalism is still alive and thriving, although the job makes for “a lean living” for rural journalists and most papers are “an advertiser or two away from red ink.” Many reporters and some editors are fresh out of J-school.

Geoff McGhee, the Bill Lane Center creative director, and Judy Muller, a contributing editor at the Rural West Initiative, will both be on the Salt Lake City NPR station KUER to discuss the report August 8, at 10 a.m. pacific time (12 p.m. central, 1 p.m. eastern). It will also be simulcast on the SiriusXM Public radio channel.

Listeners can call the station at (801) 585-WEST or submit questions at radiowest@kuer.org. The station website has a live stream and will archive the show as a podcast.

The Nieman Journalism Lab at Harvard University lab tweeted of the interactive map, “How cool (or sad?) is this?” That’s because the dots peak at about 1920, and decline to the number we see today. Most news begins life in a newspaper news room, according to a 2009 Pew study on the Baltimore news ecosystem.

“Fully eight out of ten stories studied simply repeated or repackaged previously published information,” Pew wrote. “Indeed the expanding universe of new media, including blogs, Twitter and local websites—at least in Baltimore—played only a limited role: mainly an alert system and a way to disseminate stories from other places.”

The Initiative’s report seems to support Pew’s conclusions.

For some original reporting about the St. Louis newspaper market, including several visuals about the rise and fall of newspapers in the city, along with a report about a nonprofit newsroom trying to buck the trend, read “Funding Challenges, Long-term Aspirations of a Nonprofit Newsroom.”

A Radical New Mission for Drones: Helping Journalists find Truth

Drones are mostly associated with the ongoing war in Afghanistan and Pakistan – where they continue to shoot missiles and drop bombs on the insurgency. Between 1,492 and 2,378 died from drone attacks in Pakistan between 2004 and May 24, 2011, according to theNew America Foundation, and the number of drone attacks have more than doubled under the Obama administration.

The drones present serious concerns for the Pakistanis about their own safety and sovereignty, and have sparked protests at the UK parliament.

The military-industrial complex and global politics have greatly advanced both the application and development of military drones, or Unmanned Aerial Vehicles (UAVs), as they’re called in military parlance. A large, jet-powered stealth drone played a majorrole in tracking down Osama bin Laden. Now there’s entire military expos dedicated solely to UAVs.

But armed conflict and espionage are not a drone’s raison d'être. Strictly speaking, a drone is simply an unmanned vehicle that guided remotely, or is self-guiding. And just as the advancement of drone technology has increased the military’s capabilities, those advancements have trickled down to the private commercial sector.

With a little know-how, a resourceful civilian – or journalist -- can order “off-the-shelf” components and make and fly a drone.