Big news: The Dow closed at a new record high today of 12,815.38. Yeehaw and all that.
Except that, when you adjust for inflation (and investing is all about adjusting for inflation), the Dow is still nowhere near the highs of 2000. I’d make a chart for you, but I’m sitting in a D.C. hotel room at the moment and need to run soon. If …
A commenter to my post on the strange consistency of the federal tax burden over the past six decades wondered if factoring in state and local taxes would change the picture. (He also wondered about Social Security taxes, but those were already included as federal receipts in my previous chart.) So I went again to the overflowing well of …
The e-mails began early Monday, as news of the shootings at Virginia Tech was breaking. “Mention of race?” read the subject line of an e-mail from Sree Sreenivasan, dean of students at Columbia University Graduate School of Journalism. The note went out to a listserv I get for Asian journalists in the New York area. Sree quoted Matt …
The first post went up a couple of hours ago. A sample:
Blogging is different than writing qua writing. In writing, for instance, you often need something to say. Not so with a blog. In fact, the best blogs are lovely hot air balloons rising over the teeming landscape of digital avatars rushing about, to and fro, waving their arms and
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Noted tax-policy expert Ari Fleischer had a long and deeply bizarro op-ed (subscribers only) in Monday’s W$J. And while I should probably just let the thing go, the piece made me so furious with its misrepresentations and nutso logical leaps that I decided I needed to work through my anger. And what better place to work through one’s …
I had lunch today at Google’s big New York beachhead down on the southern fringe of Chelsea. I’d tell you all about it, but I had to sign a non-disclosure agreement to get in. I didn’t read the thing all that closely–it was on a computer screen at the reception desk, and I was hungry. But I assume it means that I can’t write about …
Like everyone else in the country today, I’m reeling with shock and horror at the massacre in Virginia.
I first heard about it at the office. My colleague Malik, our blog mastermind, poked his head in my office door. “Turn on your TV,” he said. (Being a news organization, we all have TVs, though mine is, inexplicably, a wood-paneled …
So tomorrow, April 17, is Tax Day. For those still wondering about why it’s on April 17 this year, it’s because April 15 was on a Sunday and today happens to be a state holiday (or a district holiday, if you prefer) in the District Columbia as well as in Massachusetts, which is home to the IRS processing center where many of us in the …
Paul Wolfowitz is still president of the World Bank. According to the world’s leading source of Wolftroversy news, the FT, several European finance ministers want him out. But given the way power is exercised at the bank, that’s not enough:
A senior European official told the Financial Times that unless the White House withdrew its
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I generally try to keep overtly partisan sentiments out of this blog, but today I have two words for everybody: Marco! Scutaro!
When I saw him come up to the plate with two out and two on in the bottom of ninth, with the A’s two runs behind, I sort of figured something special was going to happen. Marco himself was less convinced:
“I
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Once again, no column in the current Time. There are reasons … but I’ll try not to let it happen again.
In the meantime, check out Alex Perry’s tale of doing jail time in Zimbabwe. It’s pretty scary, until you get to the point where he gets out by paying a fine of “100 Zimbabwean dollars–at present values, half a U.S. cent.”
So Google is buying Doubleclick. From CNNMoney:
Search engine leader Google is buying privately held DoubleClick, a top digital marketing services firm, for $3.1 billion, the companies said Friday afternoon.
Google (Charts) is buying DoubleClick from private equity firm Hellman & Friedman, which bought DoubleClick in 2005 for $1.1
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