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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The Chinese-American trade deficit last year was $232 billion, about a third of the total American trade deficit with its trading partners. After years of racking up trade surpluses, China is sitting on an estimated $1.4 trillion in foreign exchange reserves, and it has started to convert some of those reserves into purchases of American companies.
The good news:
Only last month, the Chinese bought a $3 billion stake in the Blackstone Group and administration officials say they expect China to go on a shopping spree soon, much as Japan did in the 1980s.
And we know how well that went.