Howell Raines lost his executive editor's job at The New York Times for promoting the career of Jayson Blair, a black drug addict and fantasist who invented entire stories describing the hills of West Virginia from a saloon down the street in New York. But somehow, Raines still imagines himself a media Bigfoot who can pronounce on the State of Journalism, a one-man Pulitzer Prize panel. This is a little like a White House chef who poisoned an entire state-dinner crowd mounting a soapbox to lecture that the new chefs can't be trusted. Of course, that soapbox must be provided...
I never thought I’d live to see the day when my daughter’s grade school newspaper had higher journalistic standards than the New York Times, but perhaps I just don’t dream big enough. In all fairness, the articles at my daughter’s paper that appeal to the editorial board (longer vacations, less homework, a make-your-own-sundae-bar on every school bus) tend to get heavier consideration and better placement than others. Unfortunately, the same can be said for articles that meet the heavily liberal bias at the New York Times.
Media: In changing times the old guard can either adapt or they can react bitterly. As the old world of elite journalists crumbles, the latter kind of outburst is predictable. But some outbursts are astonishingly clueless. Take Howell Raines. No journalist was more elite — or more locked into a rigid world view that is also crumbling. In 2003 Raines left his post as executive editor of the New York Times in disgrace. Raines retains admirers in the old world. Before his elevation to the newspaper's top position, he led its editorial page. Some still lionize him for bringing a...
The easy credit era leading up to 2007 was largely financed by corporate bonds issued to come due in five to seven years. This means that in addition to issuing record US debt in 2012 to 2014, there will also be a concurrent financial reckoning day for private debt refinancing.
According to The New York Times:
“The United States government alone [...]Not Just Sovereign Debt, US Junk Bonds are Also Catastrophic originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."
NEW YORK (AP) -- New York Times Co. CEO Janet Robinson got a compensation package worth roughly $4.9 million in 2009, according to an Associated Press analysis of a regulatory filing. Robinson's base salary was cut 4 percent to $962,500. But she got a performance-based bonus of about $2.3 million, four times the size of her 2008 bonus.
Regulation: The New York Times says the EPA should use its authority to regulate our very breath if a Democratic Congress isn't "goaded" into action. Whatever happened to government of the people? It's been a pattern of this administration that if the American people are adamantly opposed to it, ram it through anyway. So it's been with the health care overhaul, offshore drilling restrictions and now the Environmental Protection Agency threatening to become the uber-regulator of the air we breathe. (snip) As Sen. James Inhofe, R-Okla., ranking Republican on the Senate Environment and Public Works Committee, noted: "Lisa Jackson, Obama's...
Here's a theory about why President Obama is having a tough political time right now: He doesn't seem all that happy being president. ...I started thinking about this a few weeks ago when Obama confidant David Axelrod, noting that the president always makes time for his daughters' recitals and soccer games, told the New York Times, "I think that's part of how he sustains himself through all this." Really? Is the presidency something to sustain yourself through? He did ask for this job; we didn't make him take it. And so it seems fair to ask: What part of it...
(IsraelNN.com) U.S. Middle East envoy George Mitchell has delayed his scheduled trip to Israel on Tuesday while the United States waits for a formal response from Prime Minister Binyamin Netanyahu on his intentions concerning a building project for Jews in Jerusalem. Obama Under Fire U.S. President Barack Obama is behind the public chastising of Prime Minister Netanyahu over the housing plan, according to the New York Times. His handling of the diplomatic crisis with Israel is being increasingly criticized in the United States, with reporters confused following different signals by different American officials. The Obama administration apparently is not making...
Regulation: The New York Times says the EPA should use its authority to regulate our very breath if a Democratic Congress isn't "goaded" into action. Whatever happened to government of the people? It's been a pattern of this administration that if the American people are adamantly opposed to it, ram it through anyway. So it's been with the health care overhaul, offshore drilling restrictions and now the Environmental Protection Agency threatening to become the uber-regulator of the air we breathe. The New York Times says in a Saturday editorial regarding that last item that if Congress fails to enact cap-and-trade...
It's a topic that would probably make the average individual's eyes glaze over, but will have a profound impact on the economy - for better or worse. The topic - financial regulation reform. With Senate Banking Chairman Sen. Chris Dodd, D-Conn., setting his proposal out for the public, the take away on the reporting from two of the country's major newspapers - The New York Times and Wall Street Journal can give readers a view where their reporters' loyalties lie. On CNBC's March 15 "Squawk Box," co-host Joe Kernen raised this point - the Journal with its more pro-Wall Street...
Wednesday, March 17, 2010
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