Word: recordability
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Officials in Washington expect record crowds for Jan. 20 - record lines at the Porta-Potty too - and closing time at several hundred local bars and watering holes has been extended practically into the breakfast hour for celebrators' convenience. (Tourism is getting a boost outside D.C. too: in Honolulu, a $40 bus ride will take you to see where Obama scooped ice cream as a teen.) We have an economic stimulus plan, and his name is Barack Obama. (See pictures of Obama on Flickr...
...avoid this sad scenario, publishers should look to the music industry. Despite the ruckus it is raising over illegal file sharing, record companies have quietly adjusted themselves to the reality of downloading. CDs and MP3s are now only at the surface of what they sell; related products such as concert tours, posters, and ringtones generate a significant cut of the total revenue. In 2008, while album sales fell 14 percent, concert ticket sales rose seven percent. And next time someone’s cell phone goes off to the deepening downbeat of “Disturbia,” consider...
...because they failed to clear the spectacularly low bar Congress set for pork in the past. Even if we're freaking out about today - and we should be - we can't afford to leverage tomorrow to build the infrastructure equivalent of buried banknotes, not when the deficit is a record $1.2 trillion and the debt a staggering $10.6 trillion. A depression would make both problems worse - tax revenues plunge when incomes plunge - but every public dollar we spend on depression avoidance also plunges us deeper into our hole. It's a bit galling to hear Republican leaders warn that Obama...
...that speed and size aren't important. We're in a death spiral: businesses are shedding workers at a record pace, which saps consumer spending, which leads to more layoffs, and so on. The public sector needs to get an awful lot of unemployed workers and equipment back to work ASAP. As Christina Romer, an expert on the Depression who will chair Obama's Council of Economic Advisers, warns in a new YouTube video, we can't "let that vicious cycle go all the way to the nightmare scenario." In fact, many Keynesian liberals have been dismissing the Obama proposal...
...Obama's hope for bipartisan comity? Or, as Republicans prefer, would he leave the past behind? And what about his willingness to stand up to his boss and friend? As the Judiciary Committee's ranking Republican, Arlen Specter, put it, "[Holder] has an outstanding academic and professional record ... But sometimes it is more important for the Attorney General to have the stature and the courage to say no instead of to say yes." (See the top 10 contested officeholders...