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But running totally free sites hasn't been paying off for most newspapers. Even before the online market began to slump this year, Web ads were generating only a small fraction of the revenue that print ads do.

The Associated Press also has been part of the online fee movement. The not-for-profit cooperative, which is owned by newspapers, is setting up a system that will track the usage of its stories.

Four of the world's largest technology companies — Google Inc., Microsoft Corp., IBM Corp. and Oracle Corp. — have expressed an interest in developing an online payment system for publishers.

News Corp. already owns the newspaper industry's most successful Internet subscription model in The Wall Street Journal, with more than 1 million customers who pay for online access. The annual rates vary from $103 for an online-only subscription to $140 for a package that includes delivery of the print edition too.

The New York Times is considering charging online readers a membership fee

Online ads, in contrast, contributed just $3.1 billion in revenue last year. And while that category had been growing until this year, it wasn't fast enough to offset the erosion in print ads.

From 2005 through 2008, the industry's annual revenue from print ads dropped by $12.7 billion.

The American Press Institute study found 44 percent of the respondents don't think Internet fees will provide a significant lift to newspapers' future revenue.

Walker reached for the phone, dialed the White House and said that he had to talk to the president, explaining that he was his cousin.

 

The White House operator placed Walker on hold. After a few anxious minutes, the operator cheerfully informed him that the president was unavailable at the moment.

 

Lehman Brothers' last outrageous idea had failed. Overnight, a real estate crisis had turned into a global financial earthquake.

Since then, the world has suffered an estimated $15 trillion (€10.3 trillion) loss of wealth, or about 35 times the German national budget. Entire countries -- most notably Iceland, but also Hungary and Latvia -- have teetered on the brink of collapse.

Today, the failure to rescue Lehman Brothers is widely viewed as the last serious blunder of the Bush era, a period already rife with mistakes

when it comes to their bills that carry heavy penalties for paying late.

Some people just can't live without their paper statements. If that’s the case, you can choose to use both services until you’re ready to make the leap to electronic credit card statements

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