WSJ photo flap is the Official Stupid Non-Controversy of 2010

A spokeswoman for the Wall Street Journal said today its cover art was not intended as innuendo about Supreme Court nominee Elena Kagan’s sexual orientation after the paper’s front-page use of an image of Kagan playing softball provoked a mixture of irritation and amusement from gay and lesbian advocates.

wsjkagancover Y’know I always try to read the minutes from the Gay Agenda committee meetings but I must have I missed the one where they announced women playing softball is a code for lesbian. Or maybe it’s just women who play softball well.

Speaking as one of the three people left in the world who still reads the Journal on paper I have to say my reaction to the photo was that it made Ms. Kagan seem really – oh how should I put this … – normal. Just a regular person having fun playing softball. The only thing it made her look like was someone’s kid sister or maybe a co-worker, or maybe both.

Here’s my favorite quote from the Politico story:

"It clearly is an allusion to her being gay. It’s just too easy a punch line," said Cathy Renna, a former spokesperson for the Gay and Lesbian Alliance Against Defamation who is now a consultant.

The only lesbian punch line I know is this, “A U-Haul.” The joke: “What does a lesbian bring on a second date?” Apparently lesbians move in together quickly. If I were to go by the behavior of my friends who are lesbians I would have to say that this is closer to reporting than to humor.

Ms. Renna continues

"The question from a journalistic perspective is whether it’s a descriptive representation of who she might be as a judge. Have you ever seen a picture of Clarence Thomas bowling?"

No, but I did see some of former Chief Justice Rehnquist appearing as an extra in an opera (true!), does that count?

“The question from a journalistic perspective is whether it’s a descriptive representation of who she might be as a judge.” What would a picture that does this show? Here’s Ms. Kagan at the grocery store weighing a pound of opinion. Here she is in a hard-hat looking constructionist?

Ms. Kagan’s nomination will not be decided by whether or not she is a member of the Not That There’s Anything Wrong With That party. This is really too stupid for anyone to waste their time on. Get back to work getting rid of the Defense of Marriage Act. That actually matters.

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The silver lining: “Amid Higher Unemployment, Fewer Workplace Injuries”

One more reason I love the Wall Street Journal.

The Labor Department’s report of occupational injuries and illnesses that required days away from work mimicked the shifts the recession caused in the labor market in 2008. Hard-hit sectors, such as construction and retail, reported fewer injury and illness cases. Older workers experienced more injuries as their labor force participation rose. And incidents among younger workers fell as fewer remained employed.

Twitter valued at $1 Billion say people with a vested interest in Twitter

Hysterical story in today’s journal headlined: Twitter’s Value Is Set at $1 Billion

The lede:

Twitter Inc. is nearing a deal for as much as $100 million in new funding that would buy the fast-growing Internet-messaging company more time to figure out its business model, according to people familiar with the situation.

But the punch line comes in the 3rd graph:

The investors are valuing Twitter – which has yet to generate more than a trickle of revenues – at more than $1 billion, according to people familiar with the plan. That’s more than triple the valuation Twitter received during its last round of capital raising in February, underscoring how quickly the company has grown.

twitter_fail_whale So let me see if I understand, the companies who are giving $100M to Twitter say Twitter is worth more than 10 times that amount. Hmmm. Well they are certainly an unbiased source.

By the way, CollateralDamage.biz is worth more than $10 million so you should want to buy it while the price is still this low, say people familiar with my bank account.

So we now know it takes about 10 years to forget the lessons of a bubble burst. Remember the .com bubble?

Anyone?

Bueller?

Companies with no way to generate actual money were suddenly worth absurd amounts because … well … because. As far as I can tell Twitter’s business model is to be bought by Google. To date Twitter has proven to be a very popular supplementary application. People use Twitter and all there other methods of communicating. It isn’t supplanting either email or blogs AND (this is big) it is NOT popular with the teens to 20s demographic, which means it doesn’t have a future.

UPDATE!

This just got added to the WSJ site:

SAN FRANCISCO (Dow Jones)–Micro-blogging service Twitter Inc. said Friday it had closed a "significant round of funding," a deal that will give the wildly-popular startup more time to develop a business model.” Twtter said investors included Insight Venture Partners, T. Rowe Price (TROW), Institutional Venture Partners, Spark Capital and Benchmark Capital.

There’s gotta be a pony in there somewhere, right guys? Hey, anyone seen my Kozmo.com messenger bag?

Kozmo!