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 POT....
With “stock prices (a favorite of Bernanke as rising prices induce the wealth effect) under pressure and commodities hav[ing] sold off,” Bernanke’s more dovish policy approach could spark a “Jackson Hole Moment Part 2.”
Forced to uphold the Fed’s dual mandate of price stability and full employment, Bernanke will have to balance the risks of acting and not acting in the current environment. Specifically regarding the dual mandate, unemployment has ticked up to 9.1% and it’s all but confirmed that growth projections will be lowered. Fate could be twisted the bearded academic’s hand this time: “there is the possibility that Bernanke has a Jackson Hole Moment: Part 2 and conveys a more dovish policy approach relative to April, basically signaling ever so coyly additional bond purchases.” [Emphasis added]
THE POT....