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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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Tuesday, September 29, 2009
Posted
10:52 AM
by Gene
The Federal Deposit Insurance Corp., seeking to replenish its fund as banks fail at the fastest pace in 17 years, today proposed that lenders prepay fees through 2012 and shelved any further special assessments.
Lenders would prepay their FDIC premiums for the fourth quarter and next three years on Dec. 30, generating about $45 billion, according to an outline of the staff’s recommendations. The agency raised its estimate for bank-failure costs to $100 billion through 2013, from $70 billion, according to the staff. DOW 50,000!!!!!(Via Seeking Alpha)
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