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Daily Reads

Hunters Gathering

Edge

Hang with the “kill-it-and-grill-it” crowd for a spell. Take a trip to Harrisburg and one of the largest hunting and fishing expos in the country, a respite from the downtrodden talk of economic woe. Or not: “I think people are stressed out about the economy and just want to go out and shoot something.”

End of the Bunnies: Playboy Announces $145.7M Loss, Begs for Sale

Market

Longtime CEO Christie Hefner leaves, Playboy magazine tanks. Interim CEO says sale is an open question, but what is there to sell? Playboy’s brand declines annually: 27% less ad revenue, iconic founder is decrepit walking STD, rise of market-sensitive free internet porn leaves you with a mediocre reality show, a dirty pool, and Fred Durst.

Associate Gives Up Legal Career for Worldwide Beer Pong Career

Edge

Ladies and Gentlemen, this is a role model. Leaving behind the possibility of a lucrative legal career, Billy Gaines II heads to Vegas to start the World Series of Beer Pong, giving hope to every drunk college student out there that yes, there is a pro sports league where you too can be a star.

GM Hemmoraging, Needs $16.6Bn For Any Hope of Survival

Market

Following the blackened tread marks of Chrysler, these loans barely begin the recovery process for GM (if at all – Saturn and Hummer are gone anyway). In plans delivered to Treasury, both companies argue that taxpayer-funded restructurings are still better than bankruptcy, as in that case GM may require as much as $100Bn in financing.

Greenspan Says Bank Nationalization is Necessary

Market

The former Fed chief calls American nationalization of banks, at least on a temporary basis, the “least bad” policy option for the government in order to achieve “a swift and orderly restructuring.” How bad is it? “I understand that once in a hundred years this is what you do.”

Palin’s Popularity to be Tested as Oil Profits Fall

Politics

Gov. Palin’s popularity has been bolstered by revenues for the state from oil prices, but the second half of her term will present her with significant policy problems. If Palin (who’s already a megafundraiser for the GOP) plans to run nationally again in 2012, she’ll need to concentrate on dealing with challenges at home.

Zimbabwe Health Care Crumbles, Needs Emergency Infusion of Aid

News

Medecins Sans Frontieres (MSF) says Zimbabwe’s whole health system has collapsed in the midst of the worst cholera outbreak in its history (3,400 dead since August, 68k infected). A meeting of Zimbabwe’s new cabinet, which will feature the balancing act of President Mugabe and PM Tsvangirai, shows no signs of change. This one demands intervention.

Inside the Post-Print Halls of The Politico

Politics

This is what the collapse of old journalism looks like: Albritton’s post-print media organization has made incredible strides since its launch two years ago, and Harris and VandeHei couldn’t be happier. Politico has the ninth most-visited newspaper website in the country, and expects profits this year in the millions.

Rating the Presidents: Fun Games for Boys and Girls

Politics

There are no rules for presidential ratings. Do private lives matter? Oratory skills? Unforeseen consequences? Hill staffers love to play them after a few (now that’s charming first date talk), but in the end, such rankings always say a lot more about the standards imposed by the ranker than they do about the presidents themselves.

Postmaster Raked in 800k While Fighting for Mailing Cutbacks

Politics

Some of the best-paid people in Washington aren’t presidents, but bureaucrats who’ve put in their time and amassed more compensation and retirement benefits. Postmaster General Potter’s total compensation in 2008 was more than twice President Obama’s salary.

The Ranchers and the Environmentalists: Can the American West Survive?

Conservation

While written from an anti-rancher perspective, the essential conflict is accurate: Ranchers consider themselves “natural stewards of the land,” balancing against unlimited development, but many environmentalists believe that these ranches are still dangerous for the western landscape, and assign their endurance merely to the “fantasy of playing cowboy.”

America’s Emptiest Cities

Market

Just seeing the title, most readers will assume “Detroit’s got to be at the top of that list.” You’d be wrong – though Detroit is still up there, having lost half its population, down to 900k people. Simply put: you have no idea how stark the effects of the housing crisis have been.

- March 22, 2010 -

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