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One of the most exciting, yet controversial, aspects of blogging is the ability to blog things just as they happen. The blogosphere is an active part of the internet and there is the ability to blog almost instantaneously.

Unlike news delivered by these other media, news that appears on blogs does not have to travel through a series of editors and administrators before it reaches the public eye. This has some advantages, and some distinct disadvantages.

One situation where blogs served up the news before the other media took place in July 2005, during a time in which London was struck with terrorism.

There was an explosion and, as passengers were getting out of the subway, one guy took several photos and uploaded them online. The first-person stories of the even showed up on blogs and there were those all over the world reading the exact words of the bloggers and survivors.

The crisis felt really immediate to those who saw those images spread directly from those who were involved in the crisis across the globe.

Blogging currently carries the potential of being a brand new form of journalism. It puts the power to shape the world in the hands of the average writer.

Many of the bloggers and cultural commentators feel that this new kind of journalism is actually a good thing. The dissemination of the news is bound to be more democratic.

It decentralizes the world of news and allows more voices to debate on the issues at hand. Others, however, are just as adamant about not having this as a method of news dissemination.

Unlike the news reports, there are no fact checkers or editors to monitor whats being blogged about. There is practically no attention is paid to journalistic accountability. This can lead to the dissemination of bad information to others. More than one false piece of information is spread through the web.

The questions about whether blogging news as it happens is ethical or not are very complicated, but no matter where you stand on the topic of current events blogs you are almost sure to agree that this movement has the potential to revolutionize how modern people get their news.

If you find yourself interested in consolidation, debt and other financial topics and love blogging, you can blog yourself and share what you know about these topics. There are techniques to making and managing money are extremely popular topics and many bloggers are blogging on money and debt issues.

Falling into debt is a problem for many so that bloggers, sympathetic to the issue, are blogging about what they think on the topic and can give you ways you can share in the wealth or learn from the problems they experienced.

If youd like to blog about debt, savings, investment topics and consolidation issues, you have good reasons to have a successful blog on these topics. There are professional bloggers who earn money writing about money issues on blogs.

If you know how to court advertisers and build a blog fan base, you can make money just by talking about money.

By sharing your expertise, you may be able to help your readers get out of debt while you reap sizable monetary rewards for your time and knowledge.