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.
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Better to say the movie biz has become MARVEL ENTERTAINMENT.
P. S.
Michael Blum, who led Merrill Lynch & Co. units that packaged mortgage bonds and bankrolled Hollywood films including ``Iron Man,'' will leave as Chief Executive Officer John Thain scales back the securitization business, two people familiar with the matter said.
Gosh! Bad mortgages and bad -- pardon, SUPERB movies are RELATED?!?
A lawyer by training, Blum helped oversee Merrill's $1.3 billion purchase 17 months ago of First Franklin Financial, a subprime lender the firm is shutting down. He also helped arrange a $525 million loan package for Marvel Entertainment Inc. used to produce films including ``Iron Man,'' which took in about $100 million of ticket sales in its opening last weekend.
I guess the $100 million makes up for all those BAD MORTGAGES.