Quotes of the Day

"While the United States and Europe fret over huge deficits and threats to a fragile recovery, this region has a surprise in store. Latin America, beset in the past by debt defaults, currency devaluations and the need for bailouts from rich countries, is experiencing robust economic growth that is the envy of its northern counterparts...Policies in several Latin American economies that help control deficits and keep inflation low, are encouraging investment and fueling much of the growth. The World Bank forecasts that the region’s economy will grow 4.5 percent this year..." -- NYTimes, Economies in Latin America Race Ahead, 6/30/2010

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"David Brooks: Let’s talk about our profession [Journalism]. Over the last few days there have been a pair of incidents that have sparked another round in the endless debate between the new and old media. The first was the Rolling Stone exposé on McChrystal. Some people took this as evidence that establishment Washington journalists are stuck in such incestuous cozy relationships with their sources that it takes an outsider from Rolling Stone to break news.

Gail Collins: You know, back in prehistory, reporters and politicians hung out together, and the reporters turned a blind eye to the pols’ misbehavior. That ended, what, 40 years ago? Now the problem is more that the two sides distrust each other so much, communication in anything but sound-bites has become impossible.

David Brooks: The second event was the firing of a Washington Post blogger named David Weigel, for saying offensive things about the people he covered. (He was instantly scooped up by MSNBC.) This was taken as evidence that old media have stodgy old standards that impinge on the freewheeling exchange of ideas that mark this new age." -- NYTimes, New Media vs. Old Media, 6/30/2010

Quotes of the Day