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Daily Archives: January 15th, 2010

The shoe-shine boy speaks

It is said that Joseph Kennedy got out of the stock market in 1929 – right before the crash – after getting a stock tip from a shoe-shine boy. The theory was that once a bull market sucks in people who have no business being there, some sort of collapse is imminent. On the heels […]

Commoditizing the news

Interesting bit in the New Yorker on covering earthquakes: Upon repetition, covering earthquakes gradually became less pure. The reason is that as a newspaper correspondent, at least, one became schooled in the editor-feeding subgenres of earthquake coverage. These subgenre stories passed like months on a calendar across the twelve days that generally constitutes the entire […]