Published February 28, 2013
Bloomberg Businessweek was forced to apologize after a controversial cover drew the ire of minority groups.
In last week's issue, the weekly magazine had a cover about the housing bubble that featured a money-filled, two-story house inhabited by two Latinos and two African-Americans. The cartoons look like they’re racist caricatures from the early 1900s greedily grabbing money, critics say.
"It’s hard to imagine how this one made it through the editorial process," Ryan Chittum wrote for the CJR.
In a statement to Fox New Latino, Bloomberg Businessweek said they wish they had chosen a different cover.
"Our cover illustration last week got strong reactions, which we regret," the statement said. "Our intention was not to incite or offend. If we had to do it over again we'd do it differently."
The illustrator who was commissioned to do the cover, Andrés Guzmán, was born in Peru.
Cortada painted the mural at the White House Conference on Minority Homeownership, held on October 15 in Washington, DC. The painting illustrates the Blueprint for the American Dream Partnership, a collaborative effort of the Bush Administration and members of the housing industry to meet the President’s goal of 5.5 million new minority homeowners by the year 2010.
Here's the offending cover: