Word: popular
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...While Morgan says no one is going to be foolish enough to "chase down the President of the United States" for a shot, he thinks it won't be necessary, because the Obamas seem to know how to utilize the popular press to their advantage. They have set up photo ops in the past and have allowed for others. "If they're out and we can get a shot, it's because they don't mind us being there," he says. "The Secret Service guys are cool as long as you don't do anything dangerous...
...Morgan wonders, however, if this unspoken agreement between the First Family and the popular press will last. "We'll see how it goes after a few months. It's not like we don't know where he lives," he says. "You can't keep people cooped up there forever...
...Sports Illustrated, which throws another popular bash, is also feteless this year. The magazine (which, like TIME, is owned by Time Warner) just suffered a round of job cutbacks. "In this historically challenged economy, hosting an extravaganza was not realistic," says SI spokesman Scott Novak. Nike is passing on a party. Cadillac, which has sponsored a celebrity go-kart race the past six years, also shuttered its event. Warrick Dunn and Derrick Brooks, who play for the hometown Tampa Bay Buccaneers, had scheduled a celebrity party and golf tournament for Jan. 29-30. But the event fell about...
...Schapiro's financial self-regulation background may not be enough. According to Dr. Fred Dunbar, senior vice president at NERA, an economic consulting firm, "banks are suppose to behave themselves under self-rule." During the Bush Administration this popular belief drifted over to the SEC, Dunbar says. "The feeling was, with the SEC, that with such self-enforcement they wouldn't have to step up their own enforcement. But the financial crisis has led to a re-examination of this theory, firms don't behave as one might think in theory...
...been almost 10 months since Zimbabwe's opposition beat Robert Mugabe's ruling Zimbabwean African National-Popular Front (Zanu-PF) in a general election. Mugabe refused to accept the outcome, calling it a "mistake," and unleashed a wave of violence against MDC supporters. After winning a run-off against Tsvangirai - the MDC leader had withdrawn in the face of the violence - Mugabe unexpectedly announced his intention to share power. Ever since, the two sides have been deadlocked in negotiations over how that might be accomplished. In the meantime, Zimbabwe's humanitarian crisis has sharply deteriorated. Inflation has spiraled...