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The Washington Post Who Blew the Dot-Com Bubble?
"Henry Blodget, Wall Street's loudest cheerleader for Internet stocks, made it to the front page of the New York Times last week. And thereby hangs a tale about the media and the bubble."

"For it was the mainstream media -- which now take such delight in scolding those involved in the dot-com mania -- that helped push the idea that anyone could get rich by playing the market.

"The media invented Blodget," says Christopher Byron, a columnist for Bloomberg News and MSNBC. "In a bull market everyone loves to cheer, and Henry Blodget was everyone's first phone call. . . . Where were they when companies were trading for 150 times revenues? They were repeating the words of these guys. It's disgusting."

Salon Why I'm still scribbling for a living
"One former editor at the Merc once stood shoulder-to-shoulder with Oracle CEO Larry Ellison at a banquet, but couldn't bring himself to say a word to the billionaire. He told me later he didn't know what to say to Ellison, whom he noted was at the time the wealthiest man in Silicon Valley.

How is it possible for an editor to be so awed by power, money or influence that he could not even shake another man's hand? Such insecurity in the face of the area's increasing wealth and sophistication is a sad commentary on the people who should be telling the valley's stories. While Silicon Valley tries to form itself, the one thing that brings people together is business. For better or worse, right now, money is the bond -- and if they're going to do their job, journalists can't be cowed by fantastic wealth or power."

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“"You're not a designer, you're not a writer, and you're not an editor!"

Well, no, blogger, you're not. And therein lies your gift. Because even if it's true the vast majority of blogs would not be missed by more than a handful of people were the earth to open up and swallow them, and even if the best are still no substitute for the sustained attention of literary or journalistic works, it's also true that sustained attention is not what Web logs are about anyway. At their most interesting they embody something that exceeds attention, and transforms it: They are constructed from and pay implicit tribute to a peculiarly contemporary sort of wonder.

...[T]he Web log reflects our own attempts to assimilate the glut of immaterial data loosed upon us by the "discovery" of the networked world. And there are surely lessons for us in the parallel. For just as the cabinet of wonders took centuries to evolve into the more orderly, logically crystalline museum, so it may be a while before the chaos of the Web submits to any very tidy scheme of organization.”

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