Bloomberg Businessweek Apologizes for Racist Cover [Photo]


You’re looking at an actual cover of an actual magazine in 2013.

Bloomberg Businessweek has apparently decided to run a cover story on the return of the housing bubble, by filling their cover image with a collection of vile depictions of blacks and Hispanics

Ryan Chittum of the Columbia Journalism Review doesn’t hold back his outrage:

The cover stands out for its cast of black and Hispanic caricatures with exaggerated features reminiscent of early 20th century race cartoons. Also, because there are only people of color in it, grabbing greedily for cash. It’s hard to imagine how this one made it through the editorial process.Compounding the first-glance problem with the image is the fact that race has been a key backdrop to the subprime crisis.

Bloomberg has since issued an apology via Dylan Byers:

Our cover illustration last week got strong reactions, which we regret,” Josh Tyrangiel, the magazine’s editor, wrote in a statement sent to POLITICO. “Our intention was not to incite or offend. If we had to do it over again we’d do it differently.

Rachel Nagler, Head of Communications for the magazine, passes along a note from Andres Guzman, the illustrator:

The assignment was an illustration about housing. I simply drew the family like that because those are the kind of families I know. I am Latino and grew up around plenty of mixed families.


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