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...Tuesday, Barack Obama uttered three words seldom heard in Washington: “I screwed up.” Yet following the implication of a third high-level White House appointee in income tax arrears, the president isn’t the only one who should be issuing mea culpas. Earlier this week, heath and human services secretary pick Tom Daschle became the second of Obama’s nominees to withdraw his name from consideration because of tax problems. This happened only a few hours after prospective chief performance officer Nancy Killefer did the same. Daschle explained that...
Meeting adversity with wit: that's what Brits mean when they talk about "the Blitz spirit," and snowbound London is infused with it. It's the reason its citizens cracked jokes and conducted sing-alongs in bomb shelters. It's also the reason they seldom complain with sufficient conviction to make authorities take notice. They're too busy having a laugh. Customers have to navigate sheet ice at the entrance to a central London branch of Holland & Barrett, a chain selling health foods and natural remedies. "I'm not sure it was worth opening up yesterday. We only took...
...Clint Murchison Jr., who invested his father's oil money in a myriad of ways, many ill-fated: "[C]lint sank millions into deals on handshakes, on napkins, at urinals, risking vast amounts on investments he seldom too time to study...A solid 8 or 10 percent bored him. By the mid-1970s, he simply couldn't be bothered with any investment that didn't promise tripling his return or more. Ttere was the ten million he threw away on an Oklahoma plant that was to convert cattle manure into national gas. Clint named it the Calorific Reclamation Anaerobic process...
...ticktock of farm auctions and foreclosures in the heartland, punctuated by the occasional suicide, has seldom let up since the 1980s. But one of the malaise's most excruciating aspects is regularly overlooked: rural pastors are disappearing even faster than the general population, leaving graying congregations helpless in their time of greatest need. Trace Haythorn, president of the nonprofit Fund for Theological Education (FTE), says fewer than half the rural churches in the U.S. have a full-time seminary-trained pastor; in parts of the Midwest, the figure drops to 1 in 5. "It's a religious crisis, for sure...
...better than yours, hence I am smarter than you. I have more swag. Thain reportedly spent a million big ones buying chintz and fancy commodes. That number is probably an exaggeration, but if you've been in bankers' offices outside New York City, you know that they are seldom visited by interior decorators. Boring is beautiful in Main Street banking. (See the top 10 bankruptcies...