Edwards, busted.

A mostly political Weblog.
July 23 2008 1:56 AM

Edwards, Busted

The National Enquirer catches him.

(Continued from Page 38)

[Tribune COO Randy Michaels] also warned of further cuts in newsroom expenses, based in part on a company study of its journalists' productivity. "You find you can eliminate a fair number of people without eliminating much content," Michaels said.

The review found that reporters at the company's smaller papers were more productive than those in the biggest markets of Chicago and Los Angeles. Michaels did not address findings for the Chicago Tribune, but said the average Los Angeles Times journalist produced "51 pages" per year, while the average journalist in Baltimore or at the company's Hartford Courant produced "300 pages" per year. [E.A.]

[Tx to reader J.L.] 12:14 A.M. link

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Thursday, June 5, 2008

Undernews Update: The Michelle Holy Rail/"Whitey" rumor is disputed by   David Weigel, Robert George, and Barack Obama  (who argues he shouldn't be asked about it). See also Geraghty. ... Since it's hard to prove a negative, former Gingrich aide George's appeal to history is probably the most effective of the latest debunkings:

No tape exists. I am willing to bet my first-born on it.

You know why I know no tape exists? Because all copies of it were wrapped up in an American flag and burned on a woodpile ignited by Hillary Clinton and Kitty Dukakis. I didn't see it, but my best friend's cousin's boyfriend saw the whole thing.

Let me explain.

This is the '08 version of a really weird conservative urban legend that pops up every four years, The names change, but the basics remain the same: 1) It always involves the wife of the Democratic presidential candidate; 2) It always portrays the wife -- not the candidate -- committing some anti-American, unpatriotic act.

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P.S.: Meanwhile, Vanity Fair gets a Singer Letter--a fairly strong one. ...11:58 P.M.

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Wednesday, June 4, 2008

Emailer Z, who knows business and politics--and isn't a liberal (or even a Democrat)--writes to usefully amplify David Corn's Mother Jones piece, which blamed Sen. Phil Gramm for engineering an ill-fated non-regulation of financial services that contribuled to the sub-prime meltdown:

The non-regulation of the not banking system has been a team effort in Washington.  Major financial services firms, hedge funds and private equity groups set out in the 1990s to own Washington and they have succeeded completely.  80% of banking activity used to be regulated.  Today, 20% of "banking activity" falls under regulatory guidance.  (See Charles Morris's The Trillion Dollar Meltdown).  Capital networks own the Democratic and Republican parties.  Barney Frank didn't even bother to try to get the tax on "carried interest" increased after the Ds recaptured control of Congress in 2006 ...  the members understood that such a tax would make their fund-raising lives a LOT harder.

This is the part of Kevin Phillips' analysis of Washington that is exactly accurate.  The power of private capital sources hasn't been as overwhelming since the days of JP Morgan. [E.A.]

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