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Regardless of street credit, “fuck” is the appropriate response when the biggest media scandal in years hits the company where you work. The Guardian story exposed allegations that The News of the World—a News International newspaper—is rife with journalists who illegally tap the phones of thousands of prominent British figures. Journalists tend to stride to and attend the same meetings as politicians, the police, and lawyers, and consequentially figures from every one of these forums are embroiled in the scandal...
...Health-care reform is complicated and cosmic, and the questions are monumental and endless. Who pays for it? What gets covered? Who gets covered when? These are merely the biggest questions. Even a great explainer like Obama had trouble making headway on Wednesday night as he delivered his extensive opening remarks and offered unusually long answers to the press. He was oddly free of passion and anger, given how intense the debate has become in the past few days, and he avoided any risk. He will likely have to add these ingredients soon to shake things up and counter flagging...
...hundred hours a week, but constantly talking about job insecurity. Wall Street bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised the AOL-Time Warner merger saying, "Oh, gosh, this might not work out, but I probably won't be here when it doesn't work out." I looked at them like, "What?" Their temporality is truncated...
...biggest question will be what to do about schools. Because the virus has struck the young at such unusually high levels - some 60% of the world's confirmed cases have occurred in people age 18 or younger - schools have become a major locus of infection. Outbreaks incubate among children in schools, then spread to the community when those kids go home. A study in the journal Lancet found that closing schools as a preventive measure in the early stages of a pandemic could sharply cut the number of cases initially, which would reduce the later surges of infections that...
...Scissors, a research fellow at the Heritage Foundation's Asian Studies Center, points out that Chinese official holdings of U.S. Treasury bills have increased by 50% in the past 12 months, as China continues to invest its ever increasing stash of dollars. "Cheap talk aside, China is actually the biggest supporter of the dollar," says Scissors. "It has no choice." Don't expect to change those greenbacks for redbacks anytime soon...