Having seen [sic] in various places for many years I surmised that it was used when quoting somebody, and repeating even their errors, but showing that you know they're wrong.
As with Hendo last week quoting Robert Manne:
"It was positioned between the once communist Labour [sic] Club and the fiercely anti-communist and curiously named ALP Club…."
And the word? Latin for "thus".
But it could just as easily be short for "Self Important Correction"
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