The comix
Labels: the fall of the Washington Post
Musings on the convergence of baseball and politics...because, "What is government itself, but the greatest of all reflections on human nature?" Surely, Madison would have said the same of baseball.
Labels: the fall of the Washington Post
Labels: epistemic closure, fire Fred Hiatt, the fall of the Washington Post
In a way, Amanpour, scheduled to leave CNN after 18 years of international coverage and take over the program in August, could be seen as the opposite of the perfect candidate. "This Week" deals mainly in domestic politics and inside-the-Beltway palaver, an area where Amanpour is widely considered to be deficient. Consider: Whenever CNN has thrown one of its big election-night, convention, or presidential debate spectaculars, drafting nearly every living staff member to appear, Amanpour has had a conspicuously low profile.
Labels: the fall of the Washington Post, The Onion
Labels: I am aware of all Internet traditions, the fall of the Washington Post
And, yes, Reid criticized my friend and colleague David Broder. It’s true that Reid was hitting back, since David is not wild about Harry. Nonetheless, I dearly love Broder, as does everyone who has ever worked with him.Via.
Start making your case.
Use the entry form to send us a short opinion essay (400 words or less) pegged to a topic in the news and an additional paragraph (100 words or less) on yourself and why you should win. Entries will be judged on the basis of style, intelligence and freshness of argument, but not on whether Post editors agree or disagree with your point of view. Entry deadline: Oct. 21, 2009 at 11:59 p.m. ET.Then get ready for the great debate.
Beginning on or about Oct. 30, ten prospective pundits will get to compete for the title of America’s Next Great Pundit, facing off in challenges that test the skills a modern pundit must possess. They’ll have to write on deadline, hold their own on video and field questions from Post readers. (Contestants won’t have to quit their day jobs, but they should be prepared to put in about eight hours a week for three weeks.) After each round, a panel of Post personalities will offer kudos and catcalls, and reader votes will help to determine who gets another chance at a byline and who has to shut down their laptop.Eyes on the prize.
The ultimate winner will get the opportunity to write a weekly column that may appear in the print and/or online editions of The Washington Post, paid at a rate of $200 per column, for a total of 13 weeks and $2,600. Our Opinions lineup includes a dozen Pulitzer Prize winners, regulars on the national political talk shows and some of the most influential players inside the Beltway. We’ll set our promising pundit on a path to become the next byline in demand, the talking head every show wants to book, the voice that helps the country figure out what’s really going on.
Indeed.
Labels: the fall of the Washington Post
Labels: the fall of the Washington Post, why oh why can't we have a better press corps?
Unfortunately, many in the national media would rather focus on the personality-driven political gossip of the day than on the gravity of these challenges. So, at risk of disappointing the chattering class, let me make clear what is foremost on my mind and where my focus will be:
Labels: chattering classes, palin is a rightwing nutjob, the fall of the Washington Post
Anyway, the Obama administration, judging by its cavalier disregard of contracts between Chrysler and some of the lenders it sought money from, thinks contracts are written on water. The administration proposes that Chrysler's secured creditors get 28 cents per dollar on the $7 billion owed to them but that the United Auto Workers union get 43 cents per dollar on its $11 billion in claims -- and 55 percent of the company. This, even though the secured creditors' contracts supposedly guaranteed them better standing than the union.
Among Chrysler's lenders, some servile banks that are now dependent on the administration for capital infusions tugged their forelocks and agreed. Some hedge funds among Chrysler's lenders that are not dependent were vilified by the president because they dared to resist his demand that they violate their fiduciary duties to their investors, who include individuals and institutional pension funds.
The Economist says the administration has "ridden roughshod over [creditors'] legitimate claims over the [automobile companies'] assets. . . . Bankruptcies involve dividing a shrunken pie. But not all claims are equal: some lenders provide cheaper funds to firms in return for a more secure claim over the assets should things go wrong. They rank above other stakeholders, including shareholders and employees. This principle is now being trashed." Tom Lauria, a lawyer representing hedge fund people trashed by the president as the cause of Chrysler's bankruptcy, asked that his clients' names not be published for fear of violence threatened in e-mails to them.
Except...no.
The judge overseeing the bankruptcy of Chrysler on Tuesday took a significant step toward allowing the sale of most of the automaker to Fiat, approving the bidding procedures advocated by the company and backed by the Obama administration.
The decision by the federal bankruptcy judge, Arthur J. Gonzalez, is a setback for a group of Chrysler creditors who have argued that liquidation of the company or some other transaction could yield greater value. These lenders, primarily investment firms, have said that the plan for the Fiat transaction ran afoul of bankruptcy law and would chill efforts by others to produce competing, potentially higher bids.
But Judge Gonzalez disagreed, saying, “The court concludes that the bidding procedures are appropriate and necessary.”
The judge’s decision was a victory for Chrysler and the government, which together argued that a speedy sale was the only way to protect tens of thousands of jobs and help along the American economy.
“It’s a very big first step,” said Howard Seife, the head of the bankruptcy practice at the law firm Chadbourne & Parke. “It’s clear that the company is moving down the road to a Fiat sale.”
The judge’s decision was the second blow dealt to the holdout lenders during a marathon hearing on Tuesday that began mid-afternoon and ended at 11 p.m.
Judge Gonzalez earlier ordered the disclosure of identities of the Chrysler creditors, who had said making them public could lead to retaliation. A lawyer representing them claimed that the creditors had been harassed, and some had even received death threats.
Judge Gonzalez, said that their lawyers had not presented enough evidence of risk and gave the creditors until Wednesday morning to reveal their identities. The primary evidence cited by their lawyers was a set of anonymous comments on The Washington Post Web site.
Labels: the fall of the Washington Post
The Washington Post is Unhappy About Taxing Bailout Bonuses
Okay, this is not a surprise. After all, we're not talking about auto workers getting $57,000 a year.
The editorial's warning that the bonus tax may jeopardize the Geithner-Summers plan to subsidize zombie banks through the back door, could be viewed by some as an argument in favor of the tax.
Labels: the fall of the Washington Post
Labels: the fall of the Washington Post, why oh why can't we have a better press corps?