The stock market closed down almost 300 points today, almost equaling its November low point. CNBC anchors have been so flustered all day that they can barely speak English, as this clip illustrates.
Hugo Lindgren was Adam Moss' first hire at New York magazine, following Moss over from the NYT magazine. Now Lindgren is one of New York's bloggers. They sure take this "blogging" thing seriously!
New York magazine, the bible of an entire class of affluent aspirationals, has already cut its masthead; now, it's instituting widespread pay cuts. In the "All New"economy, its audience is fading away.
Celebrity news hasn't been popping lately. It's vulgar—but more importantly, it's gotten repetitive. The new pastime is mocking the rich. But now, the journalists feel more sympathy with the fallen rich than ever before.
