A recent New York Times article reports on a number of start ups that are geotagging news stories in communities normally underrepresented in major papers.  EveryBlock, Outside.in (co-founded by PSFK Conference speaker John Geraci), PlaceBlogger and Patch are each bringing together various news sources to compile a site dedicated to your community or even specific city block.  Many of the sites draw on publicly available information like crime reports or restraurant health code violations and brings you the most up-to-date information in one place.

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