New York Times public editor Clark Hoyt weighs in Thursday on the dispute between the paper’s columnist Paul Krugman and business writer Andrew Ross Sorkin after Sorkin wrote that Krugman favored nationalizing the country’s banks.
Hoyt writes, “Krugman and Sorkin told me that they talked Thursday. Sorkin said the conversation was ‘very cordial.’ Krugman called it ‘not much fun.’ They agreed that they disagree on the definition of nationalization.
“I think the right thing to do is to simply acknowledge that, in trying to quickly summarize Krugman’s nuanced position, Sorkin over-simplified and got it wrong. Krugman did not call for the nationalization of the entire banking system, and, unless Sorkin can produce a citation to the contrary, he did not say it was necessary because otherwise the banks would fail again and cause a worldwide domino effect.
“Sorkin said he is going back to his editors to discuss whether some sort of clarification is needed.”
OLD Media Moves
NYT ombudsman comes down on Krugman's side
April 15, 2010
New York Times public editor Clark Hoyt weighs in Thursday on the dispute between the paper’s columnist Paul Krugman and business writer Andrew Ross Sorkin after Sorkin wrote that Krugman favored nationalizing the country’s banks.
Hoyt writes, “Krugman and Sorkin told me that they talked Thursday. Sorkin said the conversation was ‘very cordial.’ Krugman called it ‘not much fun.’ They agreed that they disagree on the definition of nationalization.
“I think the right thing to do is to simply acknowledge that, in trying to quickly summarize Krugman’s nuanced position, Sorkin over-simplified and got it wrong. Krugman did not call for the nationalization of the entire banking system, and, unless Sorkin can produce a citation to the contrary, he did not say it was necessary because otherwise the banks would fail again and cause a worldwide domino effect.
“Sorkin said he is going back to his editors to discuss whether some sort of clarification is needed.”
Read more here.
Media News
How Bloomberg TV’s Hyde says a PR background helped her
April 18, 2024
Media News
WSJ investigative reporter Mullins is leaving
April 18, 2024
Media News
CNBC celebrates 35th anniversary
April 17, 2024
Full-Time
Dow Jones Newswires seeks reporter in Barcelona
April 17, 2024
Media News
Reuters hires Balaraman as editor on commodities and energy team
April 17, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.