Quote of the Day: David Carr

"It is a riddle of modern magazining that during a period when staffs are expected to file early and often to the Web to make sure that publications have a significant digital presence, all the while still making the print product, that they are now confronted by dramatic cuts in staff that raise practical issues of getting the work done."

Well said. That's David Carr, writing in the New York Times today about all the cuts Forbes is making.

In other news, the owner of a small chain of upscale men's apparel stores here in New York told me last night that his business is back. Why? Finance guys are shopping again. The pen is not mightier than the dollar.