McGraw Center’s Series Digs Into Puerto Rico’s Debt Crisis

  • By Ellen Lai

Public radio station WNYC is publishing a five-part series this week on Puerto Rico’s financial crisis by Jane Sasseen, executive director of the McGraw Center for Business Journalism at the CUNY Graduate School of Journalism.

Puerto Rico: The Future of Debt looks at how Wall Street banks helped fuel a borrowing spree, why Americans kept buying Puerto Rico’s bonds, and how the island’s legal battle may set new ground rules for bankruptcies, not to mention change how states and cities raise money from the bond market.

Sasseen oversees the McGraw Fellowship for Business Journalism, which provides grants and editorial support to experienced journalists working on investigative and enterprise stories on critical issues related to the U.S. economy and business. She also dispenses scholarships and internship stipends to students concentrating on business journalism.

Sasseen spent 15 years at BusinessWeek magazine, serving as Washington bureau chief, news editor, and national correspondent before being named editor-in-chief for politics and opinion at Yahoo News. Earlier in her career, she worked in Europe, writing for Newsweek, the International Herald Tribune, and others before joining London-based International Management as Paris bureau chief.

More recently, she has written for The New York Times, the Economist Group, and McKinsey & Company, among others. She has also done extensive work on the impact of digital media on journalism for the Pew Research Center’s annual State of the News Media report, in addition to authoring The Video Revolution and A Clash of Cultures: Hate Speech, Taboos, Blasphemy, and the Role of the News Media for the Center for International Media Assistance.

She is a recipient of the Gerald Loeb award, the top prize for financial journalism in America, and has taught in the Global Business Journalism program at Tsinghua University in Beijing.