Word: becks
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...Whatever the explanation - caution, confusion, failure to communicate - the upshot is that the straight business press has left a vacuum in explaining the consequences to the public. And that vacuum has been filled by professional gabbers like Glenn Beck and James Cramer, both of whom were predicting a possible Great Depression yesterday. They might well be right, but we've heard them get so excited about so much for so long, who can possibly know? The vacuum has also been filled by political columnists and pundits, some of whom (like Paul Krugman) actually know a lot about the subject...
...audience have already written his obituary, or that Bloomberg accidentally published its version. The theme of Jobs being alive and well was the message of the day and was echoed throughout the subsequent demos. (Two of the songs El Jobso played for us on his new iPods: Beck's "Guess I'm Doing Fine" and Bob Dylan's "Don't Think Twice, It's Alright...
...changes caught even some SPD leaders by surprise. Beck was visibly miffed by the way Steinmeier's selection to head the ticket was announced. In a statement on his website, he accused the media and enemies within the party of conspiring against him to give a "false impression" of how that decision was made. In a radio interview on Monday, Andrea Nahles, a close ally of Beck's on the party's left wing, blamed "snipers from his own ranks" for Beck's resignation...
...That movement came to an abrupt halt over the weekend with the surprise resignation of the party's combative chief, Kurt Beck. His unseating followed the widely expected anointing of Germany's silver-haired Foreign Minister, Frank-Walter Steinmeier, known as the "Graue Effizienz" (a play on the term "Grey Eminence"), as the party's candidate for Chancellor - a post Beck had until recently been eyeing himself. In another unexpected move, the party's former chairman, Franz Muentefering, like Steinmeier a close aide to former Chancellor Gerhard Schroeder, was put forward (though not yet formally voted in) to replace Beck...
...Beck's departure follows a troubled tenure in which he was widely criticized for failing to unite the party's warring camps and for aggressively moving the party towards the left. Beck was seen as close to the party's working class base but unable to hold his own in the rough and tumble of Berlin grand coalition politics. The job may also have been "too much for him intellectually," speculates Langguth. The final blow may have been his decision earlier this year to entertain the prospect of forming a government in the state of Hesse with the minority backing...