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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"Prices peaked immediately after the hurricane because nobody had an idea of what the damage would be,'' said Richard Savage, global head of commodities research at Bank of America in London. Traders "factored in a worst case scenario. It's difficult to see how things can do anything but improve. Refineries are coming back and the IEA will release reserves of crude and products."
Brent crude oil for October settlement fell as much as $1.63, or 2.5 percent, to $64.43 a barrel on London's International Petroleum Exchange, the lowest price since Aug. 24. The contract was down $1.32 at 1:03 p.m. local time. Brent reached a record $68.89 on Aug. 30, a day after Katrina struck. Prices have gained 59 percent from a year ago.
Okay, maybe it's too soon to tell, but do you suppose all that talk of ECONOMIC COLLAPSE may have been a bit PREMATURE?