Archive for the 'economy' Category
Posted on May 16, 2008 by Dr. Denny under 1st Amendment, Bush administration, China, Christianity, Congress, House of Representatives, Iraq, Israel, Quotabull, advertising, capitalism, censorship, civil liberties, corporate governance, corruption, culture, economy, elections, energy, environment, free speech, freedom, global warming, government, human rights, justice, lobbying, marketing, national security, politics, popular culture, poverty, rich/poor gap, satire, society, women [ Comments: 1 ]


Hhaing The Yu, 29, in rain falling on the ruins of his home, in a township outside Yangon, Myanmar.
This is not about politics; it is about saving people’s lives. There is absolutely no more time to lose.
— United Nations Secretary General Ban Ki-moon, pressing the military junta in Myanmar to accept international assistance as hundreds of thousands of its citizens reel from the effects of a devastating cyclone earlier this month; May 14.
Full Story »
by Rich Herschlag
Iraq got you down? Plummeting real estate values? Bad credit? Soaring fuel prices? Impending recession? Fear not. Your six-hundred dollar or so tax rebate check is on its way. Time to pay off the bogus internet charges on your cell phone bill. Time to finish decorating the trailer. Time to get that Fender Strat out of hock. Don’t spend it all in one pawn shop.
Six big ones will keep us in our overleveraged homes for weeks and our kids in college for days. It may even cover a lab fee or two, which will come in handy when you and Junior open that crystal meth factory you’ve been dreaming about.
Six hundred dollars will get you a few minutes with Ashley Alexandra Dupree. And not even prime minutes. Speaking of which, Eliot Spitzer never got full credit for his own stimulus package. A new independent study says idle hookers are bad for the economy. Full Story »
Posted on May 12, 2008 by Dr. Denny under Bush administration, Congress, Democrats, House of Representatives, Iraq, Republicans, Senate, business, economy, energy, environment, government, infrastructure, innovation, media, national security, news, policy, politics, poverty, public interest [ Comments: 21 ]
About 10 months have passed since the I-35W bridge in Minneapolis collapsed into the Mississippi River during afternoon rush hour, killing 13 people and injuring 145. Construction of the bridge’s $234 million replacement may be finished in mid-September, three months ahead of schedule, earning builders a $20 million bonus. The Minnesota Legislature and Gov. Tim Pawlenty have agreed on a $38 million state fund to help compensate the victims of the Aug. 1 disaster.
All’s well, eh? Perhaps for this bridge in this city. But nationwide, all is not well. Road, bridge and other important public-works infrastructure continue to age and deteriorate as Congress dithers elsewhere. Only disasters move our representatives to act — and in an election year, even those actions seem spotty at best and disingenuous at worst.
The United States has much more than failing bridges to find, fund and fix. The proposals of the remaining presidential candidates do little to inspire faith that they understand the breadth of the problem or have the political skill, will and courage to address it forthrightly.
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Posted on May 9, 2008 by Dr. Denny under 1st Amendment, Bush administration, China, Congress, Democrats, Iraq, Quotabull, advertising, business, capitalism, civil liberties, civil rights, corruption, culture, economy, education, elections, energy, entertainment, environment, free speech, freedom, government, human rights, marketing, politics, popular culture, poverty, race relations, rich/poor gap [ Comments: 4 ]

If our profits are taxed, that means we’ll have less capital to invest in new production.
— John Hofmeister, president of Shell U.S., to CNNMoney.com; May 6.
These companies are spending a very small amount of their operating cash flow on exploration. They are spending the majority of their funds buying back stock.
— Amy Myers Jaffe, a fellow in energy studies at the James A. Baker III Institute for Public Policy, discussing results of her just-finished a two-year study looking at oil companies and how they spend their money; May 6.
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Posted on May 8, 2008 by Dr. Denny under Internet, advertising, broadband, business, capitalism, citizen journalism, culture, democracy, economy, entertainment, free speech, innovation, journalism, marketing, new media, news, newspapers, public interest, technology [ Comments: 6 ]
Long ago, in the beginning, a newspaper developed a Web site. Hundreds followed that lead. Now, one newspaper has only a Web site. In the end, what will there be? And what will be the consequences for readers?
A Wisconsin daily newspaper, whose readers have been increasingly shedding it, has now shed a significant expense — newsprint. The Capital Times of Madison, whose circulation has fallen from more than 40,000 to 18,000, said “-30-” to its printing press. It has become an online information enterprise around the Madison.com portal.
The 90-year-old newspaper — one of two serving Madison under a joint operating agreement — will only publish a tabloid-sized edition twice per week carrying some news, opinion and a weekly arts, entertainment and culture section. It will be distributed in its home-delivered partner paper, the Wisconsin State Journal.
It’s a dicey move, but critics like me have said for years that the Web-only newspaper will see its day come (which does not mean we have argued that online-only is a good idea). So what does this end-of-print mean for Madison and beyond?
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Posted on May 2, 2008 by Dr. Denny under Bush administration, Congress, Middle East, Republicans, business, capitalism, conservatives, economy, energy, environment, foreign policy, technology [ Comments: 2 ]
My congressman sent me his May 2008 newsletter today via e-mail to explain to me why gasoline prices are so high and what he’s doing about it. His analysis is unimpressive.
According to the newsletter and its link to his Web site, Rep. John R. “Randy” Kuhl (R-N.Y.) says:
Why are gas prices so high?
The high price of gasoline results from the cost of crude oil, the world demand and supply for oil, our limited refining capacity, and taxes. [emphasis added]
But what didn’t make his list?
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Posted on May 2, 2008 by Dr. Denny under Bush administration, Iraq, Justice Department, Quotabull, advertising, blogging, business, capitalism, corporate governance, corruption, culture, economy, education, energy, entertainment, foreign policy, global warming, health care, human rights, lobbying, marketing, media, music, politics, popular culture, public interest, race relations, social media, women [ Comments: 4 ]

I think blogs are dedicated to cruelty, they’re dedicated to dishonesty, they’re dedicated to speed.
— Buzz Bissinger, author of “Friday Night Lights” and other bestsellers, castigating blogs on HBO’s “Costas Now”; May 1.
It’s one of the bigger Cadillacs. I’ve got a desk in it. It’s like an airplane. … I want them to feel that they are somebody and their congressman is somebody. And when they say, ‘This is nice,’ it feels good.
— Rep. Charles Rangell, chairman of the House Ways and Means Committee, describing the 17-foot-long, 300-horsepower, 2004 Cadillac DeVille he leases for for $777.54 a month; House rules permit members to lease any vehicle at taxpayer expense; May 1.
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Posted on April 29, 2008 by Dr. Denny under Baby Boomers, capitalism, economy, education, energy, environment, foreign policy, global warming, health care, immigration, national security, politics, popular culture, poverty, public health, society [ Comments: 17 ]
It’s often difficult to get the attention of my students. But when I told them that it’s possible that a few of them would see the year 2100, and that most of their children surely would, they stopped furtively texting under their desks and began paying attention.
When I was born just after World War II, I told them, the population of the United States was about 141 million; of the world, about 2.7 billion. Now, 62 years later, Americans tip the scale at about 303 million; the world’s population has grown to about 6.6 billion.
A little extrapolation of U.S. Census data, I told them, shows the American population hitting 518 million at mid-century and 758 million in 2100. The world’s population is likely to grow to 14 billion at century’s end. Imagine what that world — their world — would be like, I challenged them.
But I was too optimistic. In a report to be released today, a Virginia Tech professor estimates that between 2100 and 2120 the population of the United States will reach one billion people.
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Posted on April 25, 2008 by Dr. Denny under 1st Amendment, Bush administration, Congress, Quotabull, advertising, business, capitalism, corruption, economy, elections, energy, lobbying, marketing, media, military, politics, popular culture, women [ Comments: 2 ]

You get used to listening to that Alvin and the Chipmunks voice.
— New York state Gov. David Paterson, who is legally blind, on the special tape recorder he uses to listen to long articles or books played “at speeds so fast, it is difficult for others to comprehend”; April 21.
We shouldn’t have to give employers complete control over our private life so they can save a few dollars on medical care.
— Lewis Maltby, president of the National Workrights Institute, which advocates for employee privacy, on a report that Whirlpool Inc. “suspended 39 workers who signed insurance paperwork claiming they don’t use tobacco and then were seen smoking or chewing tobacco on company property”; April 23.
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Posted on April 19, 2008 by Dr. Denny under Internet, advertising, business, capitalism, culture, economy, journalism, marketing, new media, news, newspapers [ Comments: 6 ]
In the first quarter a year ago, The New York Times Co. made $23.9 million in profit. This week, the company reported a loss of $335,000. That’s about the worst quarter-to-quarter loss the company — and the news biz — has ever seen.
In a story by The Times‘ Richard Pérez-Peña, president and CEO Janet L. Robinson said “it was ‘a challenging quarter, one that showed the effects of a weaker economy,’ compounded by ‘a marketplace that has been reconfigured technologically, economically and geographically.’”
That’s Robinson-speak for “Holy crap! We’re screwed!”
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Posted on April 18, 2008 by Dr. Denny under Arts, Literature & Culture, Bush administration, China, Congress, Quotabull, advertising, business, capitalism, censorship, corporate governance, corruption, culture, economy, education, elections, entertainment, foreign policy, government, human rights, marketing, media, military, music, national security, policy, popular culture, poverty, public health, public interest, race relations, rich/poor gap, sex, sports, terrorism, war [ Comments: 2 ]


In a garbage dump in Haiti, people scavenge for food.
They look at me and say, ‘Papa, I’m hungry,’ and I have to look away. It’s humiliating and it makes you angry.
— Saint Louis Meriska of Port-Au-Prince, Haiti, whose “children ate two spoonfuls of rice apiece as their only meal recently and then went without any food the following day”; food prices in Haiti have spiked 45 percent since 2006; April 18.
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Posted on April 18, 2008 by Russ Wellen under Bush administration, Democrats, Iraq, economy, elections, health care, liberals, news, politics, progressives [ Comments: 9 ]
Low-information voter indeed.
In the previous two presidential election campaigns, Al Gore and John Kerry, starched at the collar to begin with, ran campaigns prudent to the point of pussyfooting. Both Democrats attempted to court the corporate interests that helped bring Bill Clinton success. Meanwhile, those who had sought to take it away, the religious right, were given a wide berth.
By way of post mortems, alternative media and progressives have spent the years since heaping abuse and scorn on the Democrats for the timid campaigns they ran. Give the public some credit, went the refrain. Hew to the Democrat ideals which saw this country through a Depression and a world war. If you truly respect the Republicans, instead of appeasing them, emulate their rock-ribbed conviction. Full Story »
With the downturn in the economy, the welfare reform Bill Clinton enacted during his presidency might not seem as politically prescient as it once did. In his New York Times article, “From Welfare Shift in ‘96, a Reminder for Clinton,” Peter S. Goodman reports on Peter Edelman, who quit his post as assistant secretary of social services at the Department of Health and Human Services in protest after Mr. Clinton signed the measure. Not only Bill, but Hillary, doesn’t “‘acknowledge the number of people who were hurt,’ Mr. Edelman said. ‘It’s just not in their lens.’”
Once Hillary was in the Senate, Goodman reports, “When the overhaul bill came up for reauthorization, Sandra Chapin, a former welfare recipient affiliated with a coalition called Welfare Made a Difference, lobbied Congress to allow more women to attend college while they received aid. Mrs. Clinton ‘wouldn’t have anything to do with it,’ Ms. Chapin said.” Full Story »
Posted on April 14, 2008 by Dr. Denny under Bush administration, Congress, advertising, business, campaign finance, capitalism, economy, health care, lobbying, marketing, public health [ Comments: 18 ]
Has the financial tipping point of life vs. death finally arrived? Do you now need to be financially healthy (meaning rich) to ease suffering from or survive diseases such as multiple sclerosis, rheumatoid arthritis, hemophilia, hepatitis C and some cancers (such as metastatic breast cancer)?
The lead story in the print edition of today’s New York Times reports this chilling fact:
Health insurance companies are rapidly adopting a new pricing system for very expensive drugs, asking patients to pay hundreds and even thousands of dollars for prescriptions for medications that may save their lives or slow the progress of serious diseases.
With the new pricing system, insurers abandoned the traditional arrangement that has patients pay a fixed amount, like $10, $20 or $30 for a prescription, no matter what the drug’s actual cost. Instead, they are charging patients a percentage of the cost of certain high-priced drugs, usually 20 to 33 percent, which can amount to thousands of dollars a month.
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Posted on April 13, 2008 by Martin under Bush administration, Busheviks, Congress, Latinos, United States, business, capitalism, corporate governance, corruption, economy, free speech, infrastructure, policy, politics, technology, telecommunications, television [ Comments: 2 ]
Is the answer to the above question “No?”
Well, that’s part of the problem–millions of Americans are in the same boat, and they are equally unaware of the situation
The basic gist is this: On February 17, 2009, “over-the-air” (OTA) broadcast television stations that use analog signals (which you pick up through the familiar “rabbit-ear” antennae) are switching to digital signals, which means that unless you have a strong enough antenna set and a special set-top converter box, your television will not be able to pick up the new signals. The government’s official DTV site gives a concise description of the whole event.
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Posted on April 11, 2008 by Dr. Denny under Bush administration, China, Congress, Iraq, Israel, Judaism, Quotabull, advertising, business, capitalism, censorship, civil liberties, civil rights, democracy, economy, elections, foreign policy, free speech, government, health care, human rights, marketing, media, politics, popular culture, society, trade [ Comments: 4 ]

This is actually a boost to remind people that we can produce this kind of journalism at any time. We’re going to have a large enough newsroom to continue to produce this kind of quality journalism.
— Leonard Downie Jr., editor of The Washington Post, winner of six Pulitzer Prizes for 2008; The Post’s front-page story by media critic Howard Kurtz did not mention the paper has endured three rounds of staff cuts since 2003, but the AP’s story did; April 7; emphasis added.
I can only confirm that the route is dynamic.
— Nathan Ballard, a San Francisco city spokesman, as, said The New York Times, “The precise route remained in flux on Tuesday as the torch extravaganza threatened to become more civic migraine than celebration in the face of potential protests by those upset with China’s human rights record and recent crackdown in Tibet”; April 9.
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Posted on April 9, 2008 by Dr. Denny under 1st Amendment, Constitution, Internet, advertising, blogging, broadband, business, capitalism, citizen journalism, corporate governance, culture, democracy, economy, free speech, government, history, innovation, journalism, lobbying, management, marketing, media, new media, news, newspapers, politics, popular culture, public interest, society, telecommunications, television, video [ Comments: 22 ]
It’s the new conventional wisdom: The news biz is dying. Declining circulation. Abandonment by advertisers. Falling revenues. Cuts in staffing to reduce costs. The news biz needs a new business model, the critical harpies proclaim.
But what should a new business model for an industry whose principal product is journalism look like?
It would have to recognize several new — and old — realities.
• Any new business model must generate profit.
There’s no way around this. Journalism is best sustained within a for-profit frame. A company that engages in newspaper journalism as a product is not supported by government (unlike public television) nor should it be. The same holds for comm |