Just found a new blog..more of a meta site, with a series of blogs. The site is Mallasch.com. In the Journalism area there is a link with some commentary concerning Reuters' decision to use indigenous 'offshore' journalists to cover American firms.

There are NO extra points for guessing where this news bureau is going to be set-up.

Of course it is in Bangalore, India.

The AP got the story, and if you read it carefully, you'll note the curious -- and I'm certain merely concidental -- statement that these are brand new positions whilst Reuters is slashing its payroll by 3,000 people worldwide. This in an effort to save some $800 million USD annually.

So, we can start to add journos to the list of 'displaced' workers that will be part of the 'positive transformation' that Bush's CEA Chair Gregory Mankiw was gushing about yesterday(okay, gushing IS too strong a verb..ebullient? No. Words fail me)

Then of course, there is always the issue of the quality of the reporting. As more and more technology firms, investment analysts and other services are moved to Bangalore, this small bureau will likely grow exponentially both in size and importance. Who will oversee them overseas?

I don't have the answer.