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Right now, says Leuthold, institutional investors are moving back into stocks, not because they're confident of a recovery, but because they're loathe to miss an important market move. "The pension funds are way below their actuarial assumptions, and they're afraid they'll be left behind if they sit with too much cash," he says. In other words, performance fears could replace recession fears...
Before the Internet boom, elaborate mysteries like Heroes and Lost were rare and short-lived (think Twin Peaks). The reason: they ask a lot of you. You have to be attentive to tiny details. If you miss an episode, you're off the train. Now when fans can rewind and rewatch and discuss endlessly in blogs and chat rooms, these shows can be more challenging, sprawling and complex. And Internet buzz is crucial to their success. The Web taketh from Heroes, no question, but it also giveth considerably...
...irony of the nostalgia for TV's "golden age" is that it romanticizes the very things people used to condemn. Mass media were once homogenizing; now we miss how they unified us. Culture critics once said TV appealed to the lowest common denominator; now cable's ambitious niche shows cater to élitists. Some even romanticize commercials - commercials! - as making TV for the masses possible...
...show's multicultural theme more forcefully and to make the show more "realistic." It's a worthy sentiment and less of a distraction than I'd feared; enough English is tossed in to keep the Anglo customers from drifting off in confusion, and I, for one, do not miss the English lyrics to "I Feel Pretty." Still, it seems like a gimmick: "realism" in a genre that depends on stylization for its very existence. This is a show where gang members do ballet leaps in the streets, for gosh sakes...
...recent Pew study found that fewer than half of Americans say that losing their local paper would hurt their civic life "a lot" and even fewer say they would miss reading it, partly, it seems, because they get their local news from other media, mostly TV. But since papers are the primary source for most other news outlets, a major link will be missing from the news ecosystem. If a paper does not cover a story, it is unlikely to be covered in the broadcast media, whose reporting staffs tend to be even smaller...