JAMES KUNSTLER: Hustler and Flow

[Tace]

James Kunstler -- World News Trust

You've heard of "Pimp My Ride." Well, the New York Times is running a new joint called "Pimp My Read." This week's Sunday Time Magazine devoted itself to the idea that housing bubble is (in Martha Stewart's words) a good thing. In fact, Martha herself is getting into the racket, lending her name to a 650-unit (they're just units) suburban subdivision outside of Raleigh, North Carolina. If she was shrewd about the deal (could it be otherwise?) then Martha will get paid whether the project tanks or not.

Really, the whole issue of the Mag was just an opportunity for the financially-strapped Times to sell a shitload of advertising to the real estate investment trusts, the luxury condo hucksters, and the home furnishing industry. It will probably go down in history, along with Yale economist Irving Fisher's 1929 proclamation that the United States had achieved "permanent prosperity," as one of the seminal documents of societal cluelessness in the face of obvious calamity.

more

http://worldnewstrust.org/modules/AMS/article.php?storyid=2540

[depakid]

1. Just when you thought the NY Times couldn't sink

any lower....

"It's interesting to note, by the way, that the New York Times ran an editorial last week titled "The End of Oil," by Robert B. Semple, stating starkly that the global oil production peak was for real. The catch was that the chickenshit Times editors only ran the piece on their Web edition, not in the printed newspaper.

The next day, in the print edition, they ran a big display ad from Exxon-Mobil saying that peak oil was just a shuck-and-jive by a claque of alarmists. Of course, one of the wonderful things about democracy is that people are free to believe whatever they like."

Well, that solves the mystery of why I can't access Semple's article on Lexis/Nexis-
they censored their one of their own associate editorial board editors! :rofl:

[Tace]

4. "All The News That Fits Into The Newshole,"

should be their motto.

[xchrom]

2. ''pimp my read'' is the perfect phrase these days for the n.y. times.

[phantom power]

3. Funny, the parallels between Irving and the "Dow 36000" crowd.