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The New York Times is an institution that attracts careerists, who are drawn to power and access. This gave me a kind of a free hand. The kind of work that I wanted to do, most of the other reporters didn’t want to do. I was not doing lunch. I was not sucking up to officials. I was writing from the street.
On the information sheet in a New York hotel, I recently read: ‘Dear guest! To guarantee that you will fully enjoy your stay with us, this hotel is totally smoke-free. For any infringement of this regulation, you will be charged $200.’ The beauty of this formulation, taken literally, is that you are to be punished for refusing to fully enjoy your stay.
The populist zeal to seek revenge on those who make a lot of money is targeted almost exclusively at corporations. I haven’t heard outcries about Hollywood actors who make millions per film, even when those movies are a bust at the box office and the talent at issue has none. There’s no outrage over athletes like New York Yankees third baseman Alex Rodriguez’s $33 million salary or Celtic power forward Kevin Garnett’s $25 million. Nor should there be. These are exceptionally talented individuals whose teams’ owners think they’re worth every penny.
The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements….The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States….The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.