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I was one who referred to it as the most respected paper in the world, which it was indeed was before this scandal broke. I don't think many people, even those who worked at the Times, could have seen this coming. From what I've read, it looks like some very bad management.
While I can't help but lose a little respect for the paper, I know its best to keep it perspective and realize, as seretogis pointed out, that this has happened before and will happen again. For the most part, most journalists are working hard to get the truth out to the public.
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