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
AMERICA'S MOST UNINTENTIONALLY FUNNY WEB SITE!
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“If you’re thinking you can come here and buy and sell condos for a profit in less than five years, you’re sadly mistaken,” said McCabe, whose clients have included Credit Suisse Group AG and Pulte Homes Inc., the largest U.S. homebuilder. “You need a seven- to 10-year range.”
Prices could fall to $100 a foot, less than half the cost of construction, and a value not seen in 20 years, he said.
Okay GEKKO KUDLOWS, why is the stock market up and up forever?
“Condos were extremely attractive because you could put down a modest down payment and leverage it extremely high,” Brad Hunter, chief economist for Metrostudy, a Houston-based real estate research company, said from his office in West Palm Beach. “If you were investing between ‘03 and ‘05, you were able to see 100 or 200 percent appreciation. Ninety percent or more of it was speculation.”
TRANSLATION: Condos are built with steel, concrete and hot air.