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Daily Reads

Cost-Cut: NFL Commish Goodell Takes Paycut, Salary Frozen

Edge
February 14, 2009 – 12:46 am

As infuriating as Commissioner Roger Goodell has been to some NFL fans, we’ll say this: he’s willing to make serious efforts to demonstrate he believes what he says when it comes to league-wide cost-cutting. Forfeiting a quarter of his salary in a year when the Super Bowl had its highest viewership ever? That’s bold.

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Get Those Downloads Finished: The Coming BitTorrent Collapse

Tech
February 14, 2009 – 12:41 am

Backers of BitTorrent Eden The Pirate Bay goes on trial on Monday in Stockholm. The site owners reportedly have attempted to insulate the site from their own control, so even a conviction would prevent its shutdown. But if you really wanted to get that copy of “Paul Blart Mall Cop,” now’s the time.

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Trump Resigns: Death of Atlantic City?

Market
February 14, 2009 – 12:36 am

Donald Trump steps down from his branded Entertainment company, mouths off about poor management. A deadline had been extended four times since December to come up with a $53 million bond payment – no dice. Four years ago, its market value was $842 million – now, it’s $7.3. Chapter 11 pending.

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Cleanup: Supreme Court to Reexamine Superfund Liability

Conservation
February 14, 2009 – 12:25 am

The current Superfund system was transformed from a clean-up-the-mistakes-of-decades-ago aimed on industrial polluters, to clean-up-anything-and-everything aimed at companies that have no real connection to the environmental damage done. Like asbestos litigation, it makes little sense under normal principles of guilt and causation.

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Year of the Unending Bailout: US Plan to Stop Foreclosures

Market
February 13, 2009 – 12:45 am

Thursday’s rally by US bank stocks could be based on real news: an anti-foreclosure plan worth roughly $50B. Details are still sketchy, but the basic idea is a subsidy to create a reduction in monthly payments for qualified borrowers. Treasury Dept watch continues in the AM.

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Juan Williams Under Fire From Angered NPR Listeners

Politics
February 13, 2009 – 12:39 am

“NPR has more than 400 reporters, editors, producers and analysts on its news team, and none is more of a lightning rod than Juan Williams.” This candid statement from NPR’s ombudsman says a great deal more about their willingness to tolerate even a modicum of political disagreement than it does about Mr. Williams.

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Tapper Alert: Caterpillar CEO Directly Contradicts POTUS’s Statements

Politics
February 13, 2009 – 12:28 am

After the President repeated the claim that Jim Owens, CEO of Caterpillar, said if Congress passes stimpack, he’ll rehire some of the 22,000 laid off last month, Tapper digs deeper – and Owens says the exact opposite. “The truth is we’re going to have more layoffs before we start hiring again”

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Labour Gives Up

News
February 13, 2009 – 12:23 am

The race to succeed Gordon Brown is in earnest in the wake of major policy failures, represented recently by the change in leadership at the Financial Services Authority. “The party understood how to win, but not how to govern.” “We’ve been in power 12 years, give us a break.” Americans may find such sentiments familiar.

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Firm Pressure From Obama Worked in Wake of Mumbai Attacks

News
February 13, 2009 – 12:18 am

Why did Pakistan start shaping up? “According to sources, Pakistan’s admission had a lot to do with its precarious finances and a threat of aid cut-off by the US which is trying to undercut its dependence on Islamabad for the success of the fight against Taliban.” Well done, President Obama. Let’s hope for follow-through.

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Hayward: Obama Misreads His Mandate for Change

Politics
February 13, 2009 – 12:04 am

When it comes to righting this ship, there’s much POTUS can learn from the example of Reagan’s IAP in the wake of the Carter years. Key point: “The IAP report understood that the American people are yet to be convinced that Mr. Reagan’s policies will work.”

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Gaza Truce to be Announced

News
February 13, 2009 – 12:01 am

Hamas deputy chief Moussa Abu Marzouk announces long-term truce with Israel, expected to be announced by Egypt within two days if things hold together. The deal does not include the release of IDF soldier Gilad Shalit. Keeping this potential deal alive demands the right touch.

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Gregg Steps Down as Commerce Nominee

Politics
February 13, 2009 – 12:00 am

In a shocking announcement, Sen. Judd Gregg makes the fourth Obama cabinet official to step down during the nomination process. Unlike the others, there wasn’t a bit of scandal about Gregg – but it appears clear the slap in the face of removing census policy from his authority was too much for him.

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- March 21, 2010 -

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