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  • Bloomberg Businessweek Apologizes for ‘Racist’ Cover

    The Wrap - 03/01/2013

    Bloomberg Businessweek has apologized after its latest cover, showing black and Latino people wallowing in cash, drew offense at what many saw as racist depictions.

    The cover was for a story entitled “The Great American Housing Rebound,” which describes a return to the aggressive mortgage lending practices that created the last housing bubble.

    “Racist is a label I try not to use lightly,” tweeted Dan Kennedy, a press critic and professor at Northeastern University. “This is racist. Nice work, Businessweek.”