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...industry out there (hello automobiles, journalism, finance, retail, publishing, etc.), but it might be the most stubbornly responsible for its own demise. As Steve Knopper writes in Appetite for Self-Destruction, his chronicle of the music business' downfall, it's not as if record labels hadn't seen this sort of thing before. In the early 80's, the industry. hurting from the collapse of disco, was saved by the advent of compact discs, which prompted fans everywhere to repurchase crisp, digital copies of albums they already owned on tape or vinyl. Record labels notched record profits and everyone went...
City Bank of New York was founded in 1812 by a group of merchants hoping to fill the void left by the demise of the first Bank of the United States, the sort-of central bank whose charter Congress had allowed to expire the year before. City nearly went under in the Panic of 1837 but was bailed out by the country's richest man, fur magnate John Jacob Astor. Astor's associate Moses Taylor built City into a bulwark of sound finance--big capital reserves, stingy lending standards--that bankrolled the Union during the Civil War and easily withstood...
...manage their neighborhood. "I like butterflies, especially when you catch them while they are still caterpillars. Deep fried and dipped in a little honey mustard sauce, they are delicious," quipped a columnist for the Daily News in nearby Alamogordo, admitting a particular fondness for those from Cloudcroft, which are "sort of spicy." Long-term negotiations to annex national-forest acreage for municipal use would be complicated by Endangered Species Act protection. "People are not happy," says former village trustee Gary Wood. (See the top 10 green ideas...
...sort of made a joke about it at first—the hate mail we get is pretty ridiculous,” Neely said, explaining that she often fields calls from people telling Dershowitz that he will “rot in hell...
...Inauguration. The two men spent two hours in front of a roaring fire with Clinton, getting to know each other, talking about the diplomatic and military division of labor in Afghanistan and Pakistan. Clinton's was an Obamian gesture - enticing the lion to lie down with the lion - the sort of attention to detail that seems to have been replicated across the policymaking spectrum during the Obama transition...