The economics of information shows that whatever happens, the solution our ailing newspapers to the digital revolution will not be a perfect one. 

An important notion in economic analysis is of a ‘public good’ (which may be a service). Not THE public good (a.k.a. the ‘common good’), which is shared and beneficial for all or most members of a given community. A public good in this narrow sense has two key features: it is ‘non-excludable’ and it is ‘non-rivalrous’.

Just because there aren't any important developments in the search for MH370 does not mean that the media should go out and invent "news" about it. Or, not everything Peter Jackson does deserves to be reported on.

Three things at the outset.

I get that, for all the Malaysia Air 370 flight mystery is an international event, there's a pretty universal desire to make the general specific - so things that tie li'll ol' En Zed to this story are always going to be tempting for those reporting on the issue.

The world's fattest mum, the nutso who tasered a pregnant lady, and senior citizens making their own coffins. This is what constitutes quality current affairs? Come on, we deserve better

Last night I watched Tim Wilson slap a 600-pound woman on the stomach.