What a run. A newspaper founded by a company that was scheduled to be created on September 11, 2001, announces its last issue on September 29, 2008, the day of the largest one-day point drop in the history of the Dow Jones Industrial Average. It's easy to forget the boom years in between that were bracketed by the terrorist attacks and the financial crisis.
When the paper was launched, a reporter of the Washington Post had asked its editor, Seth Lipsky, how the Sun would be able to compete against the New York Times, which had "eighty reporters" on its metropolitan desk. The Times might have 80 reporters, he replied, but they missed the story that taxes are too high, that the reason there is an apartment shortage is rent control, and that vouchers are a movement to rescue minority children from failing schools.
Situations change of course, and added to the mix has been the great debate over foreign policy and the war. We are struck with each crisis - including the one that has beset our markets, when the temptation is running strong for so many to take the statist bait, though not once did we consider asking Washington to bail out the Sun - of the importance of guiding principles.