October 30, 2014 at 11:22 am
The New York Times has a business-page profile of Peter Chernin, Rupert Murdoch's former no. 2 who is now a successful independent movie producer. Toward the bottom comes this:
At $60 million, those are some "government incentives"! Mr. Chernin earned $34 million in 2008, his last full year at News Corp., and his severance deal included "use of a corporate jet for 50 hours a year," the Times reported back in 2009.
October 30, 2014 at 10:23 am
Apple CEO Tim Cook has a piece in Bloomberg Businessweek in which he comes out as gay. The piece includes the following passage:
Twitter sage Josh Greenman mischievously asks, "If you're celebrating Tim Cook's piece in BusinessWeek, do you acknowledge that corporations have speech rights?"
October 29, 2014 at 11:36 am
October 29, 2014 at 11:04 am
A Bloomberg Politics article reports that Senator Ted Cruz's "hard-charging style troubles general election voters. In the Bloomberg Politics/Des Moines Register Iowa Poll earlier this month, Cruz performed worst among potential Republican presidential contenders in a hypothetical matchup with presumed Democratic frontrunner Hillary Clinton."
October 27, 2014 at 2:04 pm
The left is starting to stir against the idea that the government can take your stuff. The New York Times had a front page news article on Sunday:
The Washington Post ran a four-part series about what it called "the spread of an aggressive brand of policing that has spurred the seizure of hundreds of millions of dollars in cash from motorists and others not charged with crimes.... Thousands of people have been forced to fight legal battles that can last more than a year to get their money back."
October 27, 2014 at 6:51 am
"So far, 2,353 Americans have renounced their citizenship this year, close to the all-time high of 2,369 in the first nine months of 2013," Bloomberg News reports. The third-quarter numbers were particularly high "after rules that make it harder to hide assets from tax authorities came into force."
October 27, 2014 at 6:48 am
A new working paper from the National Bureau of Economic Research, "More Recent Evidence on the Effects of Minimum Wages in the United States," concludes, "We see the evidence as still pointing to disemployment effects for low-skilled workers from raising the minimum wage." Further, "we conclude that the best evidence still points to job loss from minimum wages for low-skilled workers — in particular for teens."
The paper is co-authored by David Neumark of the University of California at Irvine, William Wascher of the Federal Reserve, and J.M. Ian Salas of Harvard.
October 25, 2014 at 10:10 pm
Amid all the obituaries of Washington Post editor Ben Bradlee as the greatest editor since the invention of moveable type, one point I haven't seen mentioned is this: he was not Katharine Graham's top choice for the job of top editor of the Post.
That story is told in God and the Editor: My Search for Meaning at The New York Times, a memoir by Robert H. Phelps that was published in 2009 by Syracuse University Press. Mr. Phelps, who was the Washington news editor for the New York Times from 1965 to 1974, writes:
October 25, 2014 at 9:23 pm
From a long and horrifying New York Times article about how the Islamic State treated the captured American journalists it later beheaded:
October 23, 2014 at 11:36 pm
A column I wrote back in March gives further background on the issue; it's been shared 8,700 times on Facebook and is the reason the USA Today editors turned to me for this topic.
October 23, 2014 at 6:42 pm
David Remnick's remembrance, in the New Yorker, of Washington Post editor Ben Bradlee includes this account:
The anecdote made me chuckle, because I remember that 20 or 25 years ago, when I used to sometimes see Bradlee strutting through Harvard Square (he was there to prepare for his 50th reunion, or at his 50th reunion, or to speak at the Kennedy School, or something like that), the newspaper that he always had tucked under his arm was not the Post, but the Times.
October 22, 2014 at 11:53 am
Further evidence to back up my column from last week about how the government is really bad at consumer-facing websites — worse than the private sector is — comes from this New York Times article on the front of the business section:
October 21, 2014 at 11:29 am
"Many people of color are embracing" smartphone-based ride-sharing apps like Uber and Lyft "as a way to avoid discrimination from traditional taxicab drivers," NPR reports.
One way to remedy the evil of racism is to pass a law prohibiting taxi companies from racially discriminating against passengers, and then to send out undercover government testers to enforce the law. Another way, which seems in this case to be more effective, is to allow the free market and technology to work and solve the problem. The incentive of a reward — the Uber founder and investors' shares of the company's reported $18.2 billion valuation — can be stronger than the inventive of the $500 fines imposed by the District of Columbia Taxi Commission on drivers who refuse to pick up black or disabled passengers.
October 21, 2014 at 10:06 am
Some recent information has caused me to wonder whether my concerns about inflation are overwrought and whether I really should be more concerned about the risk of deflation. But then along comes an article like this one from Bloomberg, about prices at McDonald's:
October 20, 2014 at 4:44 pm
Steven Rattner's New York Times article about lawsuits brought by AIG, Fannie Mae, and Freddie Mac shareholders is the subject of my column this week. My column features references to Leviticus, the Talmud, and Treasury Secretary Henry Paulson's memoir, which is a rare combination, so please be sure to check it out at the New York Sun (here), Reason (here), and Newsmax (here).
Subscribe to the Mailing List
Archives by Topic