The Worst The Economist Argument Ever

Most bastions of good journalism have taken a terrible fall during the past ten years, especially The Economist. But the fall has never been so well illustrated with this quote from one of the Home Truths leader in the May 10, 2008 issue of The Economist that argues Congress should bail out “homeowners” who face mortgage problems:

…there is a case for government intervention to avoid unnecessary foreclosures. Evicting a homeowner and selling his property takes months, during which vandalism and legal fees can destroy a large part of the home’s value–and drag down the price of the neighbours’ homes as well.

Vandalism and legal fees? Did someone forget to edit this article? Or maybe they just forgot to think before writing.

Equally disturbing is the use of “homeowners”? Are we so blind we miss the problem of calling individuals who can’t pay their mortgages “homeowners”?

Album Reviews

1—->3—->5
Terrible—->Fantastic

5
Booka Shade – Sun and the Neon Light, The
Magik Markers – Boss

4
Black Keys, The – Attack and Release
Booker T and the MGs – And Now…Booker T. and the MGs
Cloud Cult – Feel Good Ghosts
Dieselboy – East Coast Science, Volume 03
Kid Kameleon – Aim Low
Kusturica, Emir and No Smoking Orchestra – Black Cat White Cat
Kusturica, Emir and No Smoking Orchestra – La Vie Est Un Miracle
Kusturica, Emir and No Smoking Orchestra – Live in Buenos Aires
Miss Kittin – Batbox
Mamas and the Papas, The – Complete Anthology
Portishead – Third
Prefuse 73 – Preparations

3
Booker T & the MGs – Best Of, The
Booker T & the MGs – Uptight
Booker T & the MGs – Doin’ Our Thing
V/A – Can You Jack Chicago Acid And Experimental House, 1985-95
EC8OR and Moonraker – Irish Coffee EP
Empire, Alec – Alec Empire AKA Jaguar EP
Gotan Project – La Revancha del Tango
Jaga Jazzist – Magazine
Jaga Jazzist – Stix, The
Jaga Jazzist – What We Must
Jones, Sharon and the Dap-Kings – 100 Days, 100 Nights
LC Soundsystem – 4533
Sodium Nightlife – Christmas 2007 Mix
Sodium Nightlife – Christmas 2008 Mix
Stig of the Dump – Homeless Microphonist EP
Trim – Sould Food, It’s Still My Playground
Wire – Read & Burn 03

2
Booker T & the MGs – Booker T. Set, The
Booker T & the MGs – Soul Dressing
V/A – Cafe Del Mar Chill House Mix 01
V/A – Cafe Del Mar Retrospective
Echo And The Bunnymen – Killing Moon (The Best Of)
Empire, Alec – Alec Empire Remixes Bjork
Empire, Alec vs Biochip C – Das Duell
Ghostface Killah – Wallabee Champ, The
Soulsavas – It’s Not How Far You Fall, It’s the Way You Land
We Are Scientists – Brain Thrust Mastery

1
Booker T & the MGs – Soul Limbo
Booker T & the MGs – That’s the Way It Should Be
Del The Funky Homosapien – Eleventh Hour
DeVaughn, Raheem – Love Behind The Melody
DJ Drama and Aphilliate – Got that Purp