Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However,...

Hans-Michael Heitmuller The financing of public funds has become a strongly competitive business. Within the EU, national boundaries for this sphere have been formally removed as well as important hindrances to the trade of goods and services. Deregulation and technological innovations have...

Preface -- Part I: Introduction -- 1 Context, Purpose and Structure of the Book.- 2 State Aid for Newspapers.- Part II: Theories -- 3 State Support for News -- 4 Industrial Subsidies -- 5 Newspaper Subsidies and Journalistic Quality -- 6 State Aid to the Press in the EU -- 7 Press Governance.-...