THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
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As Donald J. Trump's publicly traded casino company, Trump Hotels and Casino Resorts, goes into a bankruptcy reorganization, Mr. Trump has to invest $55 million of his money in the enterprise to maintain a large ownership stake.
But does he have it?
In an interview yesterday, as in many interviews before, Mr. Trump pegged his net worth at $4 billion to $5 billion, a figure that suggests he could easily chip $55 million into the reorganization of the casino that bears his name.
"It's cash I have on hand," Mr. Trump said. "I'm very, very liquid."
In fact, it is nearly impossible to independently determine how wealthy Mr. Trump is, since most of his assets are privately held real estate investments that lack the kind of unforgiving financial disclosure required of his publicly traded casino holdings. But a cursory examination of Mr. Trump's finances suggests that his claims of being a billionaire may be greatly exaggerated.
WHAT'D I SAY?