Word: editoral
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Dates: during 1980-1989
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Last fall World editor Jim Kelly spent two weeks in the Soviet Union as a guest of New Times. We recently reciprocated by inviting Ignatenko to visit TIME's U.S. operation. As it turned out, we asked him nearly as many questions about his job as he asked about how an American newsmagazine is put together. We learned, for example, that Ignatenko has a telephone in his office that connects him directly to top officials -- and vice versa. "Gorbachev personally hasn't phoned me," Ignatenko says, "but he knows all the editors on a first-name basis and meets with...
Ignatenko was especially intrigued by TIME's design, and consulted with graphics editor Nigel Holmes about sharpening the look of New Times. Ignatenko took particular interest in TIME's meticulous efforts to check facts. "With glasnost, Soviet journalists now have even more responsibility to be accurate," he explains. "Let's say we write something that is incorrect about one of the nationalities in the republics. That could cause a serious disturbance...
...worse. There are 1,500 financial newsletters being published at the moment, and many of them are on display at the money show: the Astute Investor, the Busy Investor, the Patient Investor, the Contrary Investor, the Cheap Investor and so on. Most of them are solo operations, and one editor describes them unabashedly as the "alternative press" of the era. The wished-for kinship is not with some Age of Aquarius tabloid, of course, but with pamphleteers like Thomas Paine and Alexander Hamilton. The newsletter gurus see themselves as disabusers of Wall Street myth, as missionaries of economic truth. Since...
...performance, having vowed not to smoke another cigar till the Dow Jones average tops 2722. He tends to dwell on his losses, even though he started out with $8,000 in 1977 and by taking his own advice has boosted it to $422,000. Charles Allmon, a rival newsletter editor, suggests that Frank is a ringer, a "riverboat gambler" suitably disguised by self-deprecation and a digressive academic manner. Frank replies that Allmon, who has lately kept his portfolios in cash, just can't handle the action anymore. He's got "gun-shy." Las Vegas is not big enough...
...wings six months earlier somewhere in Brazil, and that, by analogy, there are no hidden imams because it's all too complicated to figure out. They listen for reliable word of when the market's going to turn (this is what people really want from newsletters, says an editor, the chance to pat a neighbor on the back and say, "I got out, you poor slob"). They listen for the sound of butterfly wings flapping...