30 July 2006

Hasn't this kid seen Citizen Kane? Jared Kushner, the Harvard-educated 25-year-old son of a disgraced New Jersey real estate magnate, has just bought a majority stake in the New York Observer for $10 million. "I own the New York Observer," he said yesterday. What he should have said, of course, was "I think it would be fun to run a newspaper."

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