Our annual winter support keeps the Rail independent, relevant, and free
Well, here we are. Those halcyon days of the never-ending Internet economy have shriveled away and the secrets of the astronomical stock market records of the late 1990s have been revealed: inflated numbers, blind speculations, and accounting chicanery.
While it is clear where Eric Simundza stands, based on his recent essay in the Brooklyn Rail (Early Summer issues), on the power plants proposed for Greenpoint-Williamsburg, Im willing to bet the first people to complain the government didnt adequately prepare when we have rolling blackouts and brownouts are the same people lining up against the plant.
The last thing to be privatized will be our imaginations.
The semi-fraudulent bubble of recent years is finally getting a full hearing in the court of mass panic. The great swindlers Enron, WorldCom and Global Crossing have taken the savings of the middle class and now, as the President says, America has a hangover.
Custer may have died for your sins but the way the slaughter went down was entirely his fault. Arrogant, vain and not so bright, Col. George Armstrong Custer started his military career by scoring dead last in his class at West Point, and in his ultimate engagement made almost every tactical mistake possible.
Victor Navasky is Publisher and Editorial Director of The Nation, and Delacorte Professor of Magazine Journalism at the Columbia University Graduate School of Journalism. He is also the author of Naming Names, which will be republished by Farrar, Straus and Giroux in the spring of 2003, and he is currently at work on a book about dissenting journalism.