Word: cents
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...some weekends, when the rest of Washington is on the back nine or a racquetball court, Arne Duncan (whose first name is pronounced Are-knee) can be found playing in three-on-three street-ball tournaments across the nation. On a muggy, overcast Saturday in late July, while 50 Cent's "I Get Money" blares from a set of speakers, the former head of the Chicago Public Schools pounds the blacktop, alternating between playing intensely and walking off to take calls on his BlackBerry. Almost none of the other ballers know who the white dude with the salt-and-pepper...
...those hearings, Srinivasan Keshav, a professor at the University of Waterloo in Ontario and an expert on mobile computing, presented a detailed analysis of all the expenses that carriers incur in handling SMS messages. He showed that the wireless channels contribute about a tenth of a cent to a carrier's cost, that accounting charges might be twice that and that other costs basically round to zero because texting requires so little of a mobile network's infrastructure. Summing up, Keshav found that a text message doesn't cost providers more than 0.3 cent. (Read "When Fingers Do the Flirting...
...plays out like a smoky reminiscence of days gone by with equal parts bravado and modesty. On “A Star is Born,” he graciously plays the part of the seasoned champion, asking for applause on behalf of Wu-Tang Clan, Kanye, 50 Cent, T.I., Eminem, Outkast, and several other noteworthy MCs, while simultaneously passing the torch to Lil’ Wayne and Drake and placing himself in a class above all the rest. The boasts aren’t unfounded—guest verses and hooks by the likes of Rihanna, Swizz Beatz, Young Jeezy...
Environmentalists, Jones included, sometimes make too much of green jobs, as if we can beat climate change and poverty without paying a cent. That's obviously not true: the transition to a greener economy could be a wrenching one, and it won't be free. But it should be a better economy, a fairer one, and certainly one that is better for the planet. Jones knew that, and the movement had no better spokesperson. In some ways, he might be better off out of the White House, liberated to speak freely again, not buried in West Wing bureaucracy. I look...
Other economists note, however, that because a majority of minimum-wage earners work in outsourcing-resistant service jobs, businesses will have a hard time handing out pink slips en masse. Researchers at the University of California at Berkeley found that after an 80-cent New Jersey minimum wage hike in 1992, employment in the state's fast-food restaurants rose slightly faster than in Pennsylvania, where the minimum wage did not change. (The law's effects showed up, instead, in prices: the tab at New Jersey fast-food restaurants grew about 4% faster than at greasy spoons in Pennsylvania.) Instead...