Two Views on Cyprus

Andrew Ross Sorkin, editor of the New York Times Dealbook section, has a column in today's Times explaining, as the headline puts it, "why not to worry" about the "irrelevant" and "overblown" matter of a new tax on bank accounts in Cyprus. The continuation of his column appears in the printed paper beneath the continuation (or "jump") of a top-of-the-front-page news article to which seven Times reporters are named contributors. The Times also carries an editorial warning that the tax "could do lasting damage to confidence in banks in other euro-zone countries in financial crisis." Either Mr. Sorkin is correct or the editorial writer and the editor who assigned seven reporters and put the news on the top of the front page are correct. But they can't both be correct, because the stories they tell are at odds.