The New Republic once amused readers, or at least this reader, by running the contradictory headlines that appeared over different newspapers' reports on the same events.The practice deserves revival. Here's today's nominee:Solid Results At 2 Banks Bode Well For IndustryBy Nelson D. Schwartz and Ben ProtessRevenue is back. ... two of the nation's largest lenders, JPMorgan Chase and Wells Fargo, reported strong revenue growth on Friday, a surprise that could bode well for the rest of the industry and the broader economy. ...The New York Times, April 14, Business Day, p. B1Bank Earnings Worry InvestorsBy Dan FitzpatrickTwo of the nation's largest banks released first-quarter results on Friday that disappointed investors, underlining the industry's struggles with a sluggish economic recovery and the long hangover from the financial crisis. ...The Wall Street Journal, April 14-15, p. A1
Peter Steinfels, a former editor of Commonweal and religion writer for the New York Times, is a University Professor Emeritus at Fordham University and author of A People Adrift: The Crisis of the Roman Catholic Church in America.