The Media Says Au Revoir to All ThatHarperCollins is laying off staffers, the Toronto ‘Metro’ is written by interns, and approximately 41,000 media jobs have been slashed since the start of the recession. But things are looking up in France!
Tomorrow’s Journalism, Today!Slate’s literary editor Meghan O’Rourke is working on a story about Facebook status updates. Obviously, this information needs to be shared as a Facebook status update of her own!
JPMorgan Gearing Up to Move Into Bear’s Sweet HQFINANCE
• JPMorgan Chase will probably move its investment-banking unit to Bear Stearns’ smokin’-hot headquarters on Madison Avenue. The building is valued at $1.2 billion, which is just one-fourth of quadruple the price JPMorgan paid for the firm itself. [NYP]
• JPMorgan Chase’s valuation of Bear Stearns shows that financial institutions are significantly overvalued. Speaking of which, many employees had their life savings wiped out. [NYP, WSJ]
• Meanwhile Goldman Sachs’ earnings are down but beat analysts’ expectations. [DealBook/NYT]
Jack Shafer Is ProjectingWe were delighted when we went on Slate this morning and saw this headline: “Someone Please Take Away Roger Cohen’s NYT Column.” Yes, we thought, that’s exactly what we’ve been thinking lately! If we ever bother to read that column, it rarely seems to have anything to say. So we eagerly clicked through the link on the Slate homepage and found ourselves at Jack Shafer’s column. Uh-oh, we thought. Does criticism still count if it’s made by Mr. Complain-y Curmudgeonpants himself? He who hates David Sedaris, Ian McEwan, and Michigan? What does it say about us that we agree with him? Have we really begun tasting life with such a heavy dose of salt? Is it time for us to self-appoint ourselves as public editor to the world and wake up every morning on a bed of crabapples, throw on our bitter pants, and view the world through our prescription grouchy glasses?
Eh, maybe it’s just that Roger Cohen is pretty damn boring.
Roger Cohen is writing as badly as he can [Slate]
UPDATE: We just noticed that the sub-headline of Shafer’s Roger Cohen column reads: “There’s no excuse for his lazy writing.” Which is funny, because his original headline for the piece was, “Richard Cohen Is Entitled to His Opinion,” (emphasis ours). Yeah, lazy writing is the worst, Jack.
Did Aaron Charney Only Get 100K From Sullivan?LAW
• Will Aaron Charney ever have to work again? More than likely — he may not have gotten more than $100,000 in his sexual-harassment settlement with Sullivan & Cromwell. [PrawfsBlawg via Above the Law]
• Should law schools be more like business schools? One law prof thinks so, and he looks a little like Justin Timberlake, so he must be right. [Law Blog/WSJ]
• Do Cravath’s two rounds of bonuses signal Big Law strength and more money for associates, or is the firm just hedging so they aren’t locked in to paying the same amount next year? [NYT]
in other news
Kids Safe Online? Not From Themselves
Slate’s Emily Yoffe takes a somewhat hilarious journey today through the amazingly alien world of children’s online social networking. It is, she finds, a world full of penguins, Froot Loops, Barbies, and oddly enough, flagrant capitalism. Yoffe was worried that her children weren’t learning important life lessons while they were logged onto the Internet, and also that they were exposed to predators. But in the end, she concluded “that these sites are mostly benign.” Yoffe obviously didn’t read the spectacular Talk of the Town piece in the New Yorker this week, which we’ve been waiting for an excuse to link.
Slate Knows No One Loves You, Provides Highbrow Dirty Talk
Don’t despair, lovelorn: Slate is today offering an anthology of sex poetry, presumably as a salve to those of us who won’t be getting any. We’ll leave it to you to read the actual verse, but we’d like to highlight three curious facts. First, that Robert Pinsky, the Webmag’s poetry editor and a former U.S. poet laureate, seems even more obsessed with who is gay than Rosie O’Donnell is; second, that Emily Dickinson’s “If You Were Coming in the Fall” is not a double entendre; and, third, that Robert Frost’s “Putting in the Seed” is. Class dismissed.
Great Poems About Sex [Slate]