Roger L. Simon

The Grey Lady predicts... UPDATED with a significant announcement

… sounds a little like “Miss Otis Regrets,” doesn’t it? Anyway, TigerHawk does some graphing to show us the egregious failures of the NYT when it comes to economic prognostication, a fool’s game for most of us, but for the Grey Lady nach ein ander opportunity to bash the Bush administration. What does Suzlberger care that they are dead wrong again? His niche market has no memory … or does it?

And speaking of memory and the NYT, perhaps I missed something, but I’m still waiting for someone to enlighten me on the difference between the NSA’s Echelon program of the 1990s and the current “misuse” of that intelligence agency recently posited by the Xenophons of Zabars. I guess the niche market isn’t listening. There are sales at Bloomingdale’s.

UPDATE: Now the Justice Department is weighing in on what could emerge as one of the most bloody government/press face-offs of our time:

The Justice Department has opened an investigation into the leak of classified information about President Bush’s secret domestic spying program, Justice officials said Friday.

The officials, who requested anonymity because of the sensitivity of the probe, said the inquiry will focus on disclosures to The New York Times about warrantless surveillance conducted by the National Security Agency since the Sept. 11 terrorist attacks.

The Times revealed the existence of the program two weeks ago in a front-page story that acknowledged the news had been withheld from publication for a year, partly at the request of the administration and partly because the newspaper wanted more time to confirm various aspects of the program.

Catherine Mathis, a spokeswoman for The Times, said the paper will not comment on the investigation.

I’m betting it’s the Times that has more to lose than the government in this one. They are going to have to explain why they held onto this story for a year and then suddenly decided it was okay to release it. New York Times stock has plummeted in the last quarter. How much lower can it go?