Quote of the Day

[Content Note: Racism; racist imagery.]

"Our cover illustration last week got strong reactions, which we regret. Our intention was not to incite or offend. If we had to do it over again we'd do it differently."—Josh Tyrangiel, editor of Bloomberg Businessweek, issuing a classic non-apology for its horrendously gross racist cover that depicted caricatures of people of color swimming in cash alongside the cover story: "The Great American Housing Rebound: Flips. No-look bids. 300 percent returns. What could possibly go wrong?"

Matt Yglesias observes of the cover: "The idea is that we can know things are really getting out of hand since even nonwhite people can get loans these days! They ought to be ashamed." And of the apology: "Note that Tyrangiel doesn't say they regret publishing the actual content of the cover, but the "strong reactions" that it incited. How hard is it to take responsibility for the cover, say sorry, and leave it at that?"

Well. I guess that would require a belief that the cover was wrong, which Tyrangiel and Bloomberg Businessweek evidently don't have.

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