Eugene David
...The One-Minute Pundit

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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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Saturday, January 01, 2011

Posted 11:00 AM by Gene

We wish we knew something about infrastructure but nonetheless this piece seems simple-minded. Yes it would be nice if we could build all these golly-gee-whiz-bang projects like the Chinese. All right -- let's trade our government in for China's. Plus these projects seem aimed not at ordinary people but at the rich and tourists. Let's build an infrastructure for the rich and tourists. What about the Bird's Nest? Oh, it's a beautiful work of infrastructure, isn't it? (I don't think so.) Of course we can do better but feeling sorry for ourselves in the reflection of an authoritarian state's ambitions isn't the way to do it.

The dire state of state finances is a result of decades of financing social security and public works expenditures with debt in the form of government bonds. The government finances are on the brink of collapse.

Which country would that be?

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