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Assignment:1. You will begin by choosing, reading and annotating a detailed news article related to aU.S. economic event which impacts U.S. economy in significant ways. The economicevent’s impact be at the local, state or national level.2. Next, you will write a paper about the importance of the event described in thearticle. Your paper should be four to five paragraphs in length and 12-point font andsingle-spaced.3. You will write a total of three papers based on four different current events eachsemester.Paper Format:1. Introductory Paragraph – Summary (20 points): In your own words and not using firstperson, type an introductory paragraph, which summarizes the article in six to eightsentences. Include the article’s title, the author(s), the source (i.e., NY Times) and datepublished. You may use a maximum of two quotes from the article in your summary.2. Body Paragraphs – Importance (30 points): Type a minimum of two paragraphsdiscussing why you chose the article and how it significantly impacts U.S. society. Eachparagraph should have a topic sentence and six to eight sentences long. Think about how the event effects U.S. society and its institutions. Explain why the event is important. In other words, answer the “So what?” and“Why should I care?” questions about your event.3. Concluding Paragraph – Reflection and 3 Questions (20 points): Your six to eightsentence concluding paragraph is where you should evaluate the causes and effects ofthe current event. You should also write three original and relevant questions about thearticle you would like answered.News Sources:The articles must have been published no more than one week before the paper duedate. You are expected to see me if you need help choosing a trusted and in-depth newssource. Examples of quality news sources include, but are not limited to: The LA Times,The NY Times, The Wall Street Journal, Newsela, The Washington Post and TheEconomist. Do not use “Headline News” sources like CNN.com, BuzzFeed, Yahoo news,which lack the necessary detail that will allow you to write a quality paper.