Arts blog



Blog Index
December 04, 2008
Libra Foundation and the straight-face test
Posted by Patrick Moening

Yesterday's Portland Press Herald contained a story about the recent sale of the building that formerly housed the Portland Public Market. In one section of the story, PPH staff writer Tux Turkel states …

"The market closed in 2006, after Libra decided the building had achieved its goals for Bayside and that the strong real estate market made it a good time to sell properties in Portland."

Huh? Achieved its goals?

This is either a typo, or it's the most egregious case of double-speak I've ever encountered. Back when the Libra Foundation sale took place, the Portland Public Market was widely regarded as a notorious money-pit that had never approached self-sufficiency, despite constant infusions of cash from Libra.

So … the goal of the Libra Foundation is to create failed businesses? That seems pretty achievable, especially in the current economy!

In case you missed it, you can read the complete PPH story here …

pressherald.mainetoday.com

Posted by Patrick Moening at 07:41 AM

E-mail this entry to a friend

Comments
Post a comment









Remember personal info?








Blog Index
TABLE OF CONTENTS

Most Recent Comments
FairPoint Communications -- Much Too Little to Be So Big (2)
Peter Hayward wrote: Peter A piece of data data that did not make it into the essay above--ju...

Can We Be Too Careful? (20)
Sharky wrote: Dag nab system.......

Where's my bailout? (2)
wharfrat70 wrote: This hits the nail right on the head. Hate seeing my tax dollars go to bai...

Freedom vs. "Equality" (1)
willieA wrote: You failed to mention that Susan Collins and Olympia Snowe have been in the...

Forget this N word and get the banks lending again (1)
Peter Cutler wrote: Certainly the banks need to start lending again and it is obvious that inst...

Will It Work? (1)
Letter to Collins wrote: It will never work and inflation is going to be like an angry wolf at the d...

Would You Take THIS Professor’s Economic Advice? (3)
Peter Cutler wrote: What "myths" am I advocating? I certainly am in favor of "reform of Fede...

Are Maine media critics piling on the Portland Press Herald? (3)
wrote: Love you Sparky! Go boy go!...

Archives By date
July 08 (38)
June 08 (39)
May 08 (27)





RSS
Subscribe



Interested in becoming one of our community bloggers? Send us an e-mail.