Word: yorking
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...Joining CEO Jeff Bezos onstage will be New York Times publisher Arthur Sulzberger - signaling some kind of partnership between the Times and Amazon. It's no secret that Sulzberger has been talking to everyone about how to save the Times; he recently visited Silicon Valley and had a number of salon-style dinners with technocrats offering advice. Amazon's Kindle, however, has already proven to be a promising source of revenue for the newspaper. The Times is already the best-read subscription-based periodical on the current Kindles - though how well read is anyone's guess. (The Wall Street Journal...
...Bloomberg recently reported "Fallout from the recession implies a 'markedly higher' natural rate of unemployment, says Edmund Phelps, a professor at Columbia University in New York and winner of the 2006 Nobel Prize in economics. "It was 5.5 percent; maybe it will be 6.5 percent, maybe 7 percent." Phelps has a number of equally qualified experts who agree with him. (See pictures of Cleveland struggling with unemployment...
...York Times has pointed out the amount of money owed to creditors at GM, some $27 billion, is about four times the amount that Chrysler had to deal with. The paper writes "General Motors' creditors number in the tens of thousands and include pension funds that bought the company's unsecured bonds." Will a court have more pity for that multitude than it would the few large firms that were Chrysler's creditors? Probably not, if justice is blind. Still, GM's list of bondholders is long enough so it could slow the pace at which a judge would...
...Party has gone far to the right since I joined it under Reagan's big tent," new Democrat Arlen Specter lamented on Sunday on NBC's Meet the Press. Also on Sunday, Maine Senator Olympia Snowe, one of two remaining Northeastern GOP moderates in Congress, wrote in a New York Times op-ed that Specter's loss, eight years after the defection of Vermont Senator Jim Jeffords, shows how little the party has heeded the warning signs. "There is no plausible scenario under which Republicans can grow into a majority while shrinking our ideological confines and continuing to retract into...
...keep in mind that most U.S. hotels, hit hard by 16 months of recession, will not oblige you enthusiastically if you try to cancel. "Right now, they don't have the leverage, or give, they've had in the past," says Lalia Rach, the dean of New York University's Tisch Center for Hospitality and an expert on the global hospitality industry. "I'm sympathetic to travelers, but it is a business. In New York, people are still going to work...