Capital markets are markets in which equity (shares) and debt (bonds) are traded. If they exist at all in less developed countries they are typically small. Most financing to help companies grow is done through bank financing rather than through the equity markets. Over the past decade or so, an “emerging markets” capital market has emerged. Based primarily in New York and London, this market has permitted developing countries’ governments (“sovereigns”) to access international capital markets.

Journalists should feel energized by their work. They should look forward to going to work every day. The top editors play a crucial role in setting the tone that makes a newsroom an exciting, fun place to work.

Reporters and editors are partners in developing story ideas. Reporters should present editors with thoughtful, detailed proposals and should not expect editors to embrace every half-baked suggestion. Editors should help reporters develop, focus and deliver stories. Enterprise stories, especially long-term projects, may require considerable reporting and writing before you even decide whether and how to pursue the story.

Too often copy editors and reporters are viewed as adversaries rather than collaborators. The best copy editors work with reporters to improve their stories and ensure accuracy.