Friday, 1 March 2013

Business: Columnists and Blogs - The Washington Post: That cover isn't the only problem with Businessweek's housing story

Business: Columnists and Blogs - The Washington Post
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That cover isn't the only problem with Businessweek's housing story
Mar 1st 2013, 14:12

Bloomberg Businessweek's bold adventures in cover art took a regrettable turn this week:



The image suggests that greedy minority homebuyers are trying to cash in on America's housing recovery—as some had accused them of doing the first time around. The actual story is far tamer: There are no racial insinuations and it suggests that it's just the natural search for profit — not untrammeled greed — that's driving the housing rebound. But the story also fails to answer the question that its controversial cover so blatantly raises in the first place: What caused the housing meltdown, and what should we be concerned about this time around?

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