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Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review August 25, 2005 / 20 Av, 5765

The Journal of Public Trust

By Bob Tyrrell


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http://www.JewishWorldReview.com | Henry Regnery, the great publisher who founded the Regnery Publishing house in the late 1940s, was at some point in the early 1960s having lunch with Vermont Royster, the great editor of the Wall Street Journal. They were kindred spirits, and Regnery asked Royster his explanation for the Journal's rise to eminence in the world of ink-stained wretches. Royster replied that he always hired the "best minds" without regard to trendiness or cost. The Wall Street Journal has continued as the world's most credible news source and one that refused to conform to the passing prejudice and error of the journalistic herd.

Naturally, the Journal receives ongoing abuse from the herd for its distressing independence. Yet, rarely is the criticism straightforward but rather an assault on the conservatism of the Journal's editorial page, which strikes conformist journalists as an affront and is the real cause of the herd's distress. Rather, the criticism focuses on the Journal's bottom line, its sluggish share price, and rumors that the family controlling the paper, the Bancroft family, is unhappy and about to sell it.

The rumors of the Bancrofts' unhappiness are all highly exaggerated and quickly refuted. For this proud family whose ancestor, Clarence W. Barron, purchased the Journal and with it the Dow Jones news service in 1902, conceives of its ownership as a "public trust." That is how Roy A. Hammer, a lawyer and trustee for the entities through which the Bancrofts control the paper, described their sense of ownership. This is not so unusual. Great newspapers have always played a major role in American civic life. I said "great newspapers," not the tabs, serious newspapers, the kind that put gathering news ahead of sensationalism.

Most of the truly profitable newspapers in the country today are essentially shopping circulars with some cheap journalism printed on those pages not devoted to shopping mall sales. The great newspaper chains take over local papers, fire journalists, and set out to fill their pages with still more advertisements. Well, they supply a service. They let readers know about the price, say, of chicken at the Giant or snow tires at the CVS. But fewer and fewer local newspapers supply much news and analysis. Great newspapers do, and not one that I know of makes a vast amount of money.

Great newspapers do help to set the agenda for the nation. They break stories of corruption or on other vital matters. One of the few things I find admirable about the New York Times is that its controlling family, the Sulzberger family, is not intent on wringing every penny of profit out of its flagship paper. Thus, last week when I read a long critique in the Times of the Wall Street Journal's management for its sluggish financial performance, I sniffed hypocrisy.

The hypocrisy is all the greater coming from liberals who are given to disparaging conservatives for their alleged devotion the "Almighty Dollar."

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Profits are essential to all businesses. For one thing, they are a very accurate poll of the populace's tastes, but there are other services some corporations supply to society. Both the Journal and the Times supply — at a steep cost — information that enlightens the citizenry. There are easier ways to make money.

Yet, as I say, I doubt the criticism of the Journal printed in the Times was really about the paper's bottom line. It was about the conservatives who run the paper. The story leaped with the utmost ardor on the Journal's chief executive Peter Kann for supposedly being inert. Actually, he is stupendously active. Kann and the paper's former chairman, Warren Phillips, pioneered in building the global Wall Street Journal and in the enormous expansion of the company's wire and online reporting staffs overseas. It has more news staff outside the United States than any new source in the country. During an era when even the Times has been rocked by exposure of phony journalists the Journal's credibility remains unsurpassed as does its professionalism.

Kann has overseen all this and the growth of the paper's editorial page until it became the most influential in the country, the main advocate of growth economics, a major investigator of Clinton corruption, and the proponent of foreign policy ideas that triumphed in the present administration. What is more, in a time of declining circulation, the Journal's subscribers remain with it solidly. The Bancroft family is right. Its ownership of the Wall Street Journal is a matter of public trust and it has executed that trust superbly.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

JWR contributor Bob Tyrrell is editor in chief of The American Spectator. Comment by clicking here.

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