The Press: Outfoxed?

As publisher and columnist of the Boston Post, Financial Juggler and Amateur Journalist John Fox last year predicted a major depression in the U.S. The prediction proved spectacularly wrong for everyone but the Post. Since his forecast, his circulation has slumped. A fortnight ago he fired 58 Postmen for economy. Morale has been further damaged by the fact that many a staffer had invested in Fox's Keta Gas & Oil Corp. In the last year the stock has dropped from 15 to 3½. Even Fox himself shows signs of depression about his first erratic excursion into journalism. Last week he announced...

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