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Oct 27, 2008

Forbes appears on magazine's special cover

The New York Times reports the unfolding turmoil on Wall Street prompted Forbes editors to "rip up their next issue" and feature the company's chairman and "free-market proponent," Steve Forbes, on the magazine's latest cover.
From the story:
Instead of their planned cover, they wanted something that would address the upheaval. Their solution? Their own boss, Steve Forbes, the company's chairman and an economic adviser to John McCain. On the cover, which arrived on newsstands Friday, Mr. Forbes, wearing a suit and tie and smiling optimistically, appears under the line "How Capitalism Will Save Us." Inside, Mr. Forbes assures readers "if sensible rescue efforts continue - and they will - the immediate crisis will quickly pass" and advises against "regulations that stifle innovation."
Forbes has not appeared on the magazine's cover in a long time.
The latest issues was "a monumental project" that addresses the financial crisis from multiple angles. Contributors include Nobel Prize winner Edmund S. Phelps and economist David Malpass.
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