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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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Wednesday, November 26, 2008
Posted
10:24 AM
by Gene
US banks will incur about $44 billion in write-downs and loss provisions in the fourth quarter, offsetting most of the money being pumped into banks from the Troubled Asset Relief Program, a well-known analyst said.
Capital injections from the government through TARP will not spur meaningful growth for the industry, Oppenheimer analyst Meredith Whitney said in a note titled, "Gobble Gobble." NUF SAID.
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