Word: recorder
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...caretaker - he says he won't name himself - to keep the seat warm. Early polls suggest that Crist would easily beat any Democrat - the favorite is Congressman Kendrick Meek - and that he's starting with a 30-point lead over his GOP challenger. Crist also raked in a state-record $4.3 million in the second quarter, swamping Rubio's $340,000; the media are speculating that Rubio will run for attorney general instead, and his campaign manager and chief fundraiser are already gone. (Read "Florida's Senate Seat: The [Premature] Martinez Opening...
...models, he could have a little monopoly. "Murdoch has always been a huge gambler, but a calculated gambler," says Roy Greenslade, who worked for Murdoch for several years in Britain and is now a media columnist. "And he's always had a desire for a monopoly." Greenslade, for the record, thinks Murdoch is barking up the wrong tree...
...record having said this is unlike other crises, and it's the most serious crisis we've faced and it will have long-term repercussions. It's the end of an era, and there will have to be major adjustments. Those who expect that we will return to business as usual don't understand what's happening. See TIME's Pictures of the Week...
...daughter was asked by a neighborhood friend why her family didn't have enough money to pay for its house, she couldn't say. The answer: her father's income from selling cars kept dropping just as her mother's medical-transcription company started losing business to electronic record-keeping. Among the expenses cut from the family budget was health insurance...
...short, Washington is in the midst of a sweeping power grab over the compensation practices of corporate America. This makes me cringe, at least a little. The government's record at pay regulation is not encouraging. The wage and price controls of the Nixon era were quickly abandoned as unworkable. A 1993 attempt by Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already...