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STARTING on May 13, the Wall Street Journal ran a series of four front-page stories--totaling almost 10,000 words--about what it manifestly considered a major threat to the Republic. Two days later, the New York Times launched a series of a dozen stories about the same threat, most of the articles splashed on page one, above the fold: a total of nearly 50,000 words. BusinessWeek, the Christian Science Monitor, and the Los Angeles Times have taken up the story, too; Michael Kinsley, writing in the L.A. Times, even suggested that the Washington Post get into the act.
Was the furor about al-Qaeda? Iran? North Korean nukes? Nope. The sword of Damocles hanging over ...