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 company claims to have more than $50 billion in assets under management or advisement.
Does this mean potentially $50 billion at risk? That was the Madoff number.
This sounds for all the world like a glorified money-laundering scheme.
(Via The Daily Kaplan, which also notes, "[O]ne of Stanford's companies falsely told customers that it was not exposed" to Bernie. Also, per the Chronicle, this outfit also "falsely claimed" that "[t]he portfolio is subject to annual audits by Antiguan regulators." Let's substitute "Nigerian" for that and see if anyone notices.)
(P. S.: We will NOT credit the FRANK RICH OF THE RIGHT who "linked" to the Daily Kaplan story on his Web site as he only linked to the home page, perhaps still basking in the glory of CONSERVATIVE MOVIES, and as he would not link to any site not recommended by the sixteenthwit WALTER WINCHELL!!!!!!!!!!!!!!!!!.)