Reuters (pronounced /ˈrɔɪtərz/) is an international news agency headquartered in London, United Kingdom and a division of Thomson Reuters.

Until 2008 the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the acquisition of Reuters Group by The Thomson Corporation in 2008, the Reuters news agency has been a part of Thomson Reuters, forming part of its Markets Division.

History[link]

The Reuter agency was established in 1851 by Paul Julius Reuter in Britain at the London Royal Exchange. Paul Reuter worked with at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter. He later developed a prototype news service in 1849 in which he used electric telegraphy and carrier pigeons. The Reuter’s Telegram Company was later launched. The company initially covered commercial news, serving banks, brokerage houses and business firms.^[1]

The first newspaper client to subscribe was the London Morning Advertiser in 1858. Newspaper subscriptions subsequently expanded.

Over the years Reuters' agency has built a reputation in Europe and the rest of the world as the first to report news scoops from abroad. Reuters' was the first to report Abraham Lincoln’s assassination among other major stories. Almost every major news outlet in the world currently subscribes to Reuters. Reuters operates in more than 200 cities in 94 countries in about 20 languages.

The last surviving member of the Reuters family founders, Marguerite, Baroness de Reuter, died at age 96 on 25 January 2009, after having suffered a series of strokes.^[2]

Journalists[link]

Reuters employs several thousand journalists, sometimes at the cost of their lives. In May 2000, Kurt Schork, an American reporter, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military Apache helicopter in Baghdad^[3] after having been mistakenly identified as carrying weapons.^[4] During 2004, cameramen Adlan Khasanov in Chechnya and Dhia Najim in Iraq were also killed. In April 2008, cameraman Fadel Shana was killed in the Gaza Strip after being hit by an Israeli tank using flechettes.^[5] The first Reuters journalist to be taken hostage in action was Anthony Grey. Detained while covering the Cultural Revolution in Peking in the late 1960s, it was said to be in response to the jailing of several Chinese journalists by the colonial British Government in Hong Kong.^[6] He was considered to be the first political hostage of the modern age and was released after almost 2 years of solitary confinement. Awarded an OBE by the British Government in recognition of this, he went on to become a best selling author.

Fatalities[link]

Criticism and controversy[link]

Policy of objective language[link]

Reuters has a strict policy towards upholding journalistic objectivity. This policy has caused comment on the possible insensitivity of its non-use of the word terrorist in reports, including the 11 September attacks. Reuters has been careful to only use the word terrorist in quotes, whether quotations or scare quotes. Reuters global news editor Stephen Jukes wrote, "We all know that one man's terrorist is another man's freedom fighter, and that Reuters upholds the principle that we do not use the word terrorist." The Washington Post media critic Howard Kurtz responded, "After the 1995 Oklahoma City bombing, and again after the attacks on the World Trade Center and Pentagon, Reuters allowed the events to be described as acts of terror. But as of last week, even that terminology is banned." Reuters later apologised for this characterisation of their policy,^[8] although they maintained the policy itself.

The 20 September 2004 edition of The New York Times reported that the Reuters Global Managing Editor, David A. Schlesinger, objected to Canadian newspapers' editing of Reuters articles by inserting the word terrorist, stating that "my goal is to protect our reporters and protect our editorial integrity".^[9]

However, when reporting the 7 July 2005 London bombings, the service reported, "Police said they suspected terrorists were behind the bombings." This line appeared to break with their previous policy and was also criticised.^[10] Reuters later clarified by pointing out they include the word "when we are quoting someone directly or in indirect speech," and the headline was an example of the latter.^[11] The news organisation has subsequently used "terrorist" without quotations when the article clarifies that it is someone else's words.

In 2011, the Journal of Applied Business Research published research by Henry I. Silverman, of Roosevelt University which concluded that 'Reuters engages in systematically biased storytelling in favor of the Arabs/Palestinians.Reuters denied the allegations.^[12]

Photograph controversies / Accusations of anti-Israel bias[link]

Reuters was accused of bias against Israel in its coverage of the 2006 Israel-Lebanon conflict, in which the company used two doctored photos by a Lebanese freelance photographer Adnan Hajj.^[13] On 7 August 2006, Reuters announced^[14] it had severed all ties with Hajj and said his photographs would be removed from its database.

In 2010, Reuters was criticised again for 'anti-Israeli' bias when it allegedly cropped out activists' knives and a naval commando's blood from photographs taken aboard the Mavi Marmara during the Gaza flotilla raid, a raid which left 9 Turkish Activists dead.

It has been alleged that in two separate photographs, knives held by the activists were edited out of the versions of the pictures published by Reuters.^[15][16][17] The live arms wielded by the Israeli forces who had boarded the ship were not cropped out. Reuters denied these allegations.

See also[link]

• Agence France-Presse
• Associated Press
• Deutsche Presse-Agentur
• Interbank market
• United Press International
• Caribbean News Agency
• Morley Safer - briefly employed in London

Notes[link]

References[link]

• Read, Donald (1992). The Power of News: The History of Reuters 1849–1989. Oxford, Oxford University Press. ISBN 0-19-821776-5.
• Mooney, Brian; Simspon, Barry (2003). Breaking News: How the wheels came off at Reuters. Capstone. ISBN 1-84112-545-8.
• Fenby, Jonathan (February 12, 1986). The International News Services. Schocken Books. pp. 275. ISBN 0805239952, ISBN 0-8052-3995-9. 
• Schwarzlose, Richard (January 1, 1989). Nation's Newsbrokers Volume 1: The Formative Years: From Pretelegraph to 1865. Northwestern University Press. pp. 370. ISBN 0810108186, ISBN 0-8101-0818-9. 
• Schwarzlose, Richard (February 1, 1990). Nation's Newsbrokers Volume 2: The Rush to Institution: From 1865 to 1920. Northwestern University Press. pp. 366. ISBN 0810108194, ISBN 0-8101-0819-6. 
• Schwarzlose, Richard (June 1979). The American Wire Services. Ayer Co Pub. pp. 453. ISBN 0-405-11774-4. 

Further reading[link]

• Reuters Interactive launches on BTX Enterprise as Reuters Interactive community site
• Editorials on Reuters' use of 'terrorist': The Wall Street Journal's James Taranto, Norman Solomon, Institute for Public Accuracy/U.S. columnist
• Criticism of references to the Holocaust
• Reuters photo caption of New York City's World Trade Center site after 11 September causes controversy
• Reuters Investigation Leads To Dismissal Of Editor

External links[link]

Wikimedia Commons has media related to: Reuters Group

• Reuters consumer websites:
  • Reuters US
  • Reuters UK
  • Reuters Africa
  • Reuters Arabic
  • Reuters Argentina
  • Reuters Brazil
  • Reuters Canada
  • Reuters China
  • Reuters France
  • Reuters Germany
  • Reuters India
  • Reuters Italy
  • Reuters Japan
  • Reuters Latin America
  • Reuters Mexico
  • Reuters Russia and CIS
  • Reuters Spain
  • Reuters in Twitter
  • Reuters Interactive
• Times of Crisis—multimedia interactive charting the year of global change
• Bearing Witness award-winning multimedia reflecting on war in Iraq
• Reuters – The State of the World—News imagery of the 21st century
• Reuters Arabic Fan Page in Facebook
• Reuters Foundation—philanthropic foundation
•  "Reuter Agency". Encyclopedia Americana. 1920. 

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James Beeland Rogers, Jr.
Born	(1942-10-19) October 19, 1942 (age 69) Baltimore, Maryland, USA[1]
Alma mater	Balliol College, Oxford Yale University
Occupation	Chairman of Rogers Holdings and Beeland Interests, Inc. Co-founder of the Quantum Fund
Website
www.jimrogers.com

James Beeland Rogers, Jr. (born October 19, 1942) is an American investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).

Rogers is an outspoken proponent of the free market, but he does not consider himself a member of any school of thought. Rogers acknowledged, however, that his views best fit the label of Austrian School of economics.^[2][3]

Early life and education[link]

Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama.^[1][4] He started in business at the age of five by selling peanuts and by picking up empty bottles that fans left behind at baseball games. He got his first job on Wall Street, at Dominick & Dominick, after graduating with a bachelor's degree in History from Yale University in 1964. Rogers then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.

Business career[link]

1970-2002[link]

In 1970, Rogers joined Arnhold and S. Bleichroder. In 1973, Rogers co-founded the Quantum Fund with George Soros. During the following 10 years, the portfolio gained 4200% while the S&P advanced about 47%.^[5] The Quantum Fund was one of the first truly international funds.

In 1980, Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.^[6]

In 1989 and 1990, Rogers was the moderator of WCBS' The Dreyfus Roundtable and FNN's The Profit Motive with Jim Rogers. From 1990 to 1992, he traveled through China again, as well as around the world, on motorcycle, over 100,000 miles (160,000 km) across six continents, which was picked up in the Guinness Book of World Records. He tells of his adventures and worldwide investments in Investment Biker, a bestselling investment book.

In 1998, Rogers founded the Rogers International Commodity Index. In 2007, the index and its three sub-indices were linked to exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index. Rogers is an outspoken advocate of agriculture investments.

Between January 1, 1999 and January 5, 2002, Rogers did another Guinness World Record journey through 116 countries, covering 245,000 kilometers with his wife, Paige Parker, in a custom-made Mercedes. The trip began in Iceland, which was about to celebrate the 1000th anniversary of Leif Eriksson's first trip to America. On January 5, 2002, they were back in New York City and their home on Riverside Drive. His route around the world can be viewed on his website, jimrogers.com. He wrote Adventure Capitalist following this around-the-world adventure. It is currently his bestselling book.

2002 to present[link]

On his return in 2002, Rogers became a regular guest on Fox News' Cavuto on Business and other financial TV shows.^[7] In 2002, Rogers said that Fed Chairman Alan Greenspan's "reaction to the stock-market bubble has caused two more bubbles to grow: a real-estate bubble and a consumer-debt bubble."^[8] In 2006, Rogers said he was shorting US financials, home builders and Fannie Mae.^[9][10]

In 2005, Rogers wrote Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. In this book, Rogers quotes a Financial Analysts Journal academic paper co-authored by Yale School of Management professor, Geert Rouwenhorst, entitled Facts and Fantasies about Commodity Futures. Rogers contends this paper shows that commodities investment is one of the best investments over time, which is a concept somewhat at odds with conventional investment thinking.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. Rogers claimed that he moved because now is a ground-breaking time for investment potential in Asian markets. Rogers's first daughter is now being tutored in Mandarin to prepare her for the future. He is quoted as saying: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in China are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He also stated that this is how America and Europe used to be. He chose not to move to Chinese cities like Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family; hence, he chose Singapore. He has also advocated investing in certain smaller Asian frontier markets such as Sri Lanka and Cambodia, and currently serves as an Advisor to Leopard Capital’s Leopard Sri Lanka Fund.^[11] However, he is not fully bullish on all Asian nations, as he remains skeptical of India's future - "India as we know it will not survive another 30 or 40 years".^[12] In 2008 Rogers endorsed Ron Paul for President of the United States.^[13]

Rogers has two daughters with Paige Parker. Hilton Augusta (nicknamed Happy) was born in 2003, and their second daughter Beeland Anderson in 2008. His latest book, A Gift To My Children, contains lessons in life for his daughters as well as investment advice and was published in 2009.

On November 4, 2010, at Oxford University’s Balliol College, he urged students to scrap career plans for Wall Street or the City, London’s financial district, and to study agriculture and mining instead. “The power is shifting again from the financial centers to the producers of real goods. The place to be is in commodities, raw materials, natural resources."^[14]

In February 2011 Rogers announced that he has started a new index fund which focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro."^[15] The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.

Bibliography[link]

• 1995: Investment Biker: Around the World with Jim Rogers. - ISBN 1-55850-529-6
• 2003: Adventure Capitalist: The Ultimate Road Trip. - ISBN 0-375-50912-7
• 2004: Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market. - ISBN 1-4000-6337-X
• 2007: A Bull in China: Investing Profitably in the World's Greatest Market. - ISBN 1-4000-6616-6
• 2009: A Gift to My Children: A Father's Lessons For Life And Investing. - ISBN 1-4000-6754-5

Further reading[link]

• Schwager, Jack D. (1993). Market Wizards: Interviews with Top Traders. Collins; Reissue edition. ISBN 0-88730-610-1. 
• Train, John (2003). Money Masters of Our Time. Collins; Reprint edition. ISBN 978-0-88730-970-0. 

External links[link]

This article's use of external links may not follow Wikipedia's policies or guidelines. Please improve this article by removing excessive or inappropriate external links, and converting useful links where appropriate into footnote references. (September 2010)

Wikiquote has a collection of quotations related to: Jim Rogers

• The Millennium Adventure, Official Jim Rogers website
• The Rogers International Commodity Index A site for information on the RICI

Articles

• "An Early Christmas for Jim Rogers". - BusinessWeek - December 8, 2004.
• "Invest In Commodities – and Keep Your Shirt". - November 23, 2006.
• "We Want Our Kids To Learn Chinese". - MySinchew. - July 19, 2008. - (article about Rogers' life in Singapore)
• "Adventure Capitalist". - PODER Magazine. - April 2010.

Interviews

• Curated Interview With Jim Rogers From Market Wizards
• Jim Rogers on the British Pound, US Dollar, And China
• Jim Rogers, The Adventure Capitalist
• Jim Rogers and George Soros Started the Quantum Fund
• rediff.com: The Money Interview/Jim Rogers, investor, globetrotter
• Financial Sense Newshour's Ask The Expert: Jim Rogers:
  • 2003.
  • May 6, 2004.
• Riverside Conversations: a 3 Part TV Series with Marc Faber
• SCMP video interview, September 8, 2008.
• Investors Chronicle interview. - (on the decline of the US/Europe, emerging markets, commodities). - November 2008.
• Bloomberg Night Talk interview. - November 24, 2008.
• Jim Rogers on The Lew Rockwell Show:
  • "The Crash of '08". - December 12, 2008. - (*.MP3 audio)
  • "Economic Advice to My Children (and You)". - May 17, 2009. - (*.MP3 audio)
• Bloomberg TV Jim Rogers Special. - December 24, 2008.
• TIME Q&A: Jim Rogers:
  • April 28, 2009.
  • October 31, 2008.
• Interview from March 2009 on Channel 4
• Jim Rogers Sat 3 Interview German TV Sat 3
• Euro is not to blame for crisis, BBC News, 26 December 2011.

References[link]