Quote by Lawrence Summers
It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
Summary
This quote highlights the significance of the global economy and how it affects the way news is reported. With the rise of globalization, the economy of one country can directly impact others around the world. Therefore, USA Today, being an American newspaper, recognizes the importance of reporting on events in Asian markets as they have a consequential influence on the U.S. economy. The quote suggests that the interconnectedness of economies has reached a level where updates on Asian markets are considered relevant news for Americans, illustrating the extent of globalization and its impact on media coverage.