Word: primed
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With more viewers drifting to cable and going online, the formerly mass networks are losing money and cultural clout. Next fall NBC will give Jay Leno five hours of prime time a week because he's cheaper than producing Medium. Programmers and cultural critics are warning of the end of the mass-media era, when shows from I Love Lucy to Seinfeld joined tens of millions of Americans in a common experience...
Among Democrats, Max Baucus is known mostly for his apostasies. So crucial was the Montana Senator to passing George W. Bush's tax cuts in 2001 that he was rewarded with a prime spot at the signing ceremony in the White House East Room. Two years later, it was Baucus who helped Republicans pass a pharmaceutical-industry-friendly Medicare prescription-drug bill, even as his party's congressional leadership was shut out of the process. It is understandable, then, that when Democrats took back control of the White House, many in the party were more than a little dismayed about...
...Obama held a weeklong media blitz - Jay Leno, 60 Minutes, a prime-time press conference, ESPN - listening to the contradictory feedback has been like watching a golf pro get his swing coached by a team of feuding instructors. On 60 Minutes, Steve Kroft critiqued Obama as he spoke. After the President chuckled at the observation that the only thing people hate more than bailing out banks is bailing out automakers, Kroft asked, "Are you punch-drunk?" (See the top 10 Obama gaffes...
...economic system then than it is now. But given the retaliation from America's trading partners after the new tariffs were applied, few would argue with Zoellick's assessment that the contraction of trade in the 1930s made the long downturn worse than it needed to be. "Protectionism," British Prime Minister Gordon Brown told TIME recently, "is the road to ruin...
...decision to "dollarize" Zimbabwe's economy, one of the first acts of the new unity government (including erstwhile enemies President Robert Mugabe and Prime Minister Morgan Tsvangirai), has brought a small amount of stability to the economically ruined country. All civil servants now earn a monthly salary of U.S. $100, while shops and banks accept dollars and rands. (See pictures of Mugabe's reign...