The Wall Street Journal Is Hiring a Mansions Reporter, Because Guess Who Won the Recovery

More
Yes, this is a home (Reuters)

The top 1 percent have gotten 95 percent of all income gains since the recovery began in 2009. The top 0.1 percent have gotten 62 percent of all gains. The top 0.01 percent have gotten 32 percent of all gains. And, on a completely unrelated note, the Wall Street Journal is hiring a mansions reporter. As in, someone who writes stories about very, very large houses.

But won't the mansions beat get kind of, well, boring? Mais non! The Journal says it's going to cover some pretty diverse stories:

Yes, a wide range of topics: the lifestyles of the rich and richer.

Now, to be fair, real estate sections are one of newspapers' few remaining cash cows that Craiglist hasn't destroyed. It makes sense to go after more of that money now. It's just revealing that this apparently involves advertising for and about billionaires.

As Tim Geithner might say, welcome to the 1 percent recovery.

 

Jump to comments
Presented by

Matthew O'Brien

Matthew O'Brien is a former senior associate editor at The Atlantic.

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Business

Just In