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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Beyond his paucity of anything interesting to say -- which consistently embarasses the NYT business section -- there's something insidious about this idea that the only issue here is confidence. You hear people say it a lot, that we need to restore confidence, but confidence is how we got into this mess.
AAAAAAAAAAAAAAAAAMEN. Confidence said we'd found permanent prosperity. Confidence said we'd see the Dow at 36,000. Confidence said the computer-industrial complex would give us eternal growth. Confidence said Einsteins could invent formulas that could make money forever. Confidence did get us into this mess.