JJ isn’t able to write her usual Wednesday post, because she had to take Jake to Atlanta for doctor’s appointment. I have a lot to do today too, so this is going be a quickie post with some good news and the usual bad news headlines.
Part of the good news is that I have some good news to begin with today!
Media Consolidation Fail
Rupert Murdoch has given up on taking over Time Warner, according to the LA Times.
Rupert Murdoch’s 21st Century Fox has abandoned its $80-billion takeover bid for rival Time Warner, a stunning retreat for a mogul not known for throwing in the towel.
Murdoch said Tuesday that he wanted to orchestrate a friendly, not hostile, takeover. But Time Warner Inc.’s board dug in, and that meant Fox would have had to wage a contentious and protracted fight that could risk the company’s value.
Over the weekend, Murdoch and his top deputies assessed the situation and concluded that their chances of success were slim. Wall Street and many in Hollywood had been betting that Murdoch would eventually claim Time Warner as the grand prize in his 60-year-plus quest to build the world’s most powerful media company.21st Century Fox withdrew its $75 billion takeover offer for Time Warner Inc., the owner of HBO and Warner Bros.
“He underestimated the resolve of Time Warner’s board and [Chief Executive] Jeff Bewkes to fight this thing,” said one person close to Time Warner who was not authorized to speak publicly about the situation.
Fox executives were genuinely surprised that Time Warner declined to even entertain deal discussions. Not only did Time Warner reject the $80-billion offer, but its board moved quickly to change its corporate bylaws to make it more difficult for Murdoch to buy the company.
I’m really surprised and gratified by this news; I’m so happy that Murdoch isn’t going to get his hands on HBO for the time being.
Market Basket Updates
A couple of updates on the Market Basket work stoppage that I wrote about yesterday.
From WBUR Boston (NPR), Market Basket Workers Rally, Keeping Pressure Up.
Thousands of workers and customers at the troubled Market Basket supermarket chain shouted “Bring him back!” Tuesday at a boisterous rally designed to pressure management to reinstate the company’s fired chief executive or accept his offer to buy the New England chain.
The rally outside a Market Basket store in Tewksbury was the fourth large demonstration workers have held since Arthur T. Demoulas was fired in June by a board controlled by his cousin and rival, Arthur S. Demoulas.
Over the last two weeks, hundreds of warehouse workers and drivers have refused to make deliveries to the family-owned chain’s 71 stores in Massachusetts, New Hampshire and Maine, leaving stock severely depleted and prompting customers to shop at other grocery stores. Market Basket, based in Tewksbury, is known for its low prices.
“Our resolve has galvanized to something a lot firmer than it was,” fired Market Basket employee Steve Paulenka told WBUR before the rally. “The customer boycott, the employee resolve is just insurmountable. The customers aren’t coming back until we come back, and we’re not coming back until the boss comes back.”
The rally had the atmosphere of an outdoor rock festival, as participants threw beach balls high in the air and music blasted from large speakers set up along the parking lot.
It sounds kind of fun, doesn’t it?
The New York Times has an article about the Market Basket battle: Grocery Chain Reels as Employees and Customers Rally for an Ousted President.
TEWKSBURY, Mass. — With a crippling job action enveloping the New England supermarket chain Market Basket for a third week, the company’s board is conducting round-the-clock negotiations with its former president — and others — in search of a deal that will quell the turmoil.
But the bid by the former chief, Arthur T. Demoulas, to buy the company is mired in uncertainty, according to people close to the negotiations. And the board is weighing nearly a dozen offers, including one that is higher than Mr. Demoulas’s, these people said. The sale could be worth more than $3.5 billion.
While the board bargains with bidders behind closed doors, employees continue to stage public rallies to demand that “Artie T.,” as he is known, be brought back to run the company. He was deposed as president in June in the latest chapter of a decades-long feud with his cousin, Arthur S. Demoulas, who now controls Market Basket, one of New England’s most successful retail chains….
Market Basket is said to be losing millions of dollars a week in sales. The shelves are devoid of fresh produce, meat and dairy products. Supplies of nonperishables are dwindling, too, as if a huge snowstorm had struck.
At the store in North Andover, Mass., where 21 registers are usually open and customers clog the aisles, only one register was open on Monday, and the cashier there had no customers. Mike Dunleavy, the store director in Somerville, Mass., said volume at his store had dropped 90 percent. Vendors, growers, drivers and others in Market Basket’s supply chain have all felt the pinch.
Hillary Clinton News
Here’s something interesting. The New York Daily News reports that Hillary Clinton has leased an office in midtown Manhattan.
Hillary Clinton has inked a deal for a brand new personal office in a Midtown skyscraper owned by real estate bigwig Stephen Green, a big Democratic donor.
Clinton signed a two-year lease for more than 4,000 square feet on the 27th floor of 120 West 45th St., between Sixth and Seventh Aves., a source told the Daily News. The space has room for a staff of up to 25 people.
A spokesman for Clinton confirmed the new digs were a personal office. “Plan was for the personal office to move to NYC, we did that last week,” he said in an email.
Is Hillary working herself up to a big announcement? She made a surprise appearance last night on the Stephen Colbert show. At The Fix, Jaime Fuller reports that Clinton and Colbert had a name-dropping competition, Hillary Clinton and Stephen Colbert have a namedrop-off.
Stephen Colbert had a surprise guest last night — presidential hopeful Hillary Clinton, who magically appeared to rescue her book from Colbert’s complaints about all the name dropping she did in its 600-plus pages….
When Clinton walked through the door, the audience, usually reverent for Colbert alone, started to yell, “Hillary, Hillary.” Colbert then proceeded to remind them that they had been chanting his name only four minutes earlier, “you two-timers.”
Watch the video and read Colbert’s tweets at the WaPo link.
That’s about all the good news I could find.
This morning’s breaking news headlines (links only).
Christian Science Monitor: US general killed in Afghanistan: How big is threat of insider attacks?
New York Times: U.N. Reports Dire Impact on Children in Gaza Strip.
Wall Street Journal: Cease-Fire Between Israel and Hamas Holds for Second Day.
Bloomberg Businessweek: Indirect Israel-Hamas talks on Gaza start in Cairo.
Seattle Post-Intelligencer: Death toll in southern China quake rises to 589.
What else is happening? Please post your thoughts and links in the comment thread, and have a great Wednesday!
It will probably be another slow news day today–in fact we’ll most likely have nothing but slow news days until we get past New Years. So I’ve got some non-political and not-all-that-important news to start this post.
If he had lived, Saturday, December 8 would have been Jim Morrison’s 69th birthday. Hard to believe. Of course the way he was going, he probably would have killed himself with alcohol anyway. But I wonder what he would have thought about the world today, if he had lived?
Another rock ‘n’ roll legend who died at age 27–Jimi Hendrix–would have been 70 on November 27. Would he still be “blowing minds” if he were alive today? Maybe.
Instead these two, along with other musical members of the “27 club” are frozen in time, still young and vibrant while the rest of us have aged. Is there something significant about being 27? Is it a year in which a person gets over the hump, so to speak, and begins to move toward adulthood?
According to a study reported by the BBC in 2009, human “mental powers” are greatest at age 22, and the brain begins to decline at age 27.
Professor Timothy Salthouse of the University of Virginia found reasoning, spatial visualisation and speed of thought all decline in our late 20s….His seven-year study of 2,000 healthy people aged 18-60 is published in the journal Neurobiology of Aging.
To test mental agility, the study participants had to solve puzzles, recall words and story details and spot patterns in letters and symbols….In nine out of 12 tests the average age at which the top performance was achieved was 22.
The first age at which there was any marked decline was at 27 in tests of brain speed, reasoning and visual puzzle-solving ability.
Things like memory stayed intact until the age of 37, on average, while abilities based on accumulated knowledge, such as performance on tests of vocabulary or general information, increased until the age of 60.
It may be true that certain mental abilities peak at age 22, but we now know that the frontal lobes continue to develop well into the 30s, and the brain can form new neurons even in old age. I guess it depends on which mental powers are most important to you. Personally I’m glad I didn’t check out at 27.
Would Morrison and Hendrix be surprised that it has taken so long for states to begin decriminalizing and legalizing marijuana? Or would the be surprised that has happened at all?
Yesterday, Colorado Governor John Hickenlooper signed an executive order declaring that recreational pot use is legal in the state.
“Voters were loud and clear on Election Day,” Gov. John Hickenlooper, a Democrat, said in a statement, as he signed an executive order to officially legalize the personal use and limited growing of marijuana for those 21 or older. Amendment 64, as it’s called, is now a part of the state’s constitution.
It is still illegal, however, to buy or sell marijuana “in any quantity” in Colorado or to consume it in public.
Hickenlooper, who opposed the amendment in the run-up to Election Day, announced the start of a 24-member task force that would “begin working immediately” to help the state navigate federal laws and establish how citizens can legally purchase and sell cannabis.
Possession and sale of pot are still federal crimes, however. In Washington, where pot became legal last week, at least one bar is now allowing patrons to smoke pot on the premises.
Frankie’s Sports Bar & Grill, owned by one Frank Schnarr, is thought to be the first of its kind anywhere in the U.S.: a bar that lets patrons toke up freely.
“I’m about to lose my business,” the Olympia, Washington-based business owner told Reuters. “So I’ve got to figure out some way to get people in here.”
Just to make sure he’s not chasing off all his customers, Schnarr has set up the second floor of his bar as a private club called “Friends of Frankies.” Interested patrons are charged a $10-a-year fee to access the lounge, where they can smoke marijuana freely. The lounge also serves alcohol, manned by a staff of volunteers paid by tips.
I’m not sure I’d like it if public places in Massachusetts started allowing pot smoking. I guess that would make me into more of a homebody than I already am. I wouldn’t want to smell pot everywhere anymore than I want to smell cigarette smoke. Mary Crescenzo at HuffPo has similar concerns.
I have lots of questions about new state laws regarding weed. With U.S. nonsmoking laws among the most restrictive in the world, I can’t help but wonder if recreational marijuana smokers in Washington and Colorado will regard smoking marijuana as an exception to our nonsmoking rules. In these two states, will smoking marijuana be tolerated in public while smoking cigarettes in public is, for the most part, clearly restricted? A few days ago in Seattle, as people gathered in the streets to celebrate the legalization of the use of marijuana, police asked those smoking pot not to smoke in public. For now, Washington police officers are limited to issuing verbal warnings to smokers but nothing more. Those police requests didn’t seem to dampen the party, though. I can’t be the only one with questions on these new twists and turns in the law.
I have some other worries. I think it’s important for people to understand that pot isn’t completely harmless. A certain percentage of people will become addicted to it. I have seen people in withdrawal from marijuana–it can be problem for people who have addictive tendencies. Smoking a lot of pot may also push vulnerable young people into psychological disorders such as schizophrenia. And a recent study in New Zealand found that smoking pot before age 18 can hinder brain development.
Among a long-range study cohort of more than 1,000 New Zealanders, individuals who started using cannabis in adolescence and used it for years afterward showed an average decline in IQ of 8 points when their age 13 and age 38 IQ tests were compared. Quitting pot did not appear to reverse the loss either, said lead researcher Madeline Meier, a post-doctoral researcher at Duke University. The results appear online Aug. 27 in the Proceedings of the National Academy of Sciences.
The key variable in this is the age of onset for marijuana use and the brain’s development, Meier said. Study subjects who didn’t take up pot until they were adults with fully-formed brains did not show similar mental declines. Before age 18, however, the brain is still being organized and remodeled to become more efficient, she said, and may be more vulnerable to damage from drugs.
“Marijuana is not harmless, particularly for adolescents,” said Meier, who produced this finding from the long term Dunedin Multidisciplinary Health and Development Study. The study has followed a group of 1,037 children born in 1972-73 in Dunedin, New Zealand from birth to age 38 and is led by Terrie Moffitt and Avshalom Caspi, psychologists who hold dual appointments at Duke and the Institute of Psychiatry at King’s College London.
About 5 percent of the study group were considered marijuana-dependent, or were using more than once a week before age 18. A dependent user is one who keeps using despite significant health, social or family problems.
I do support legalization, because I think it’s ridiculous that we are putting people in jail for possession of pot. But society needs to be aware of the consequences if more people begin using the drug regularly.
Could Stephen Colbert replace Jim DeMint in the Senate? A new poll shows he would be the popular favorite.
Why not? We already have one comedian in the Senate.
I really liked this piece by Chris Weigant at HuffPo: If We’re Going to Tax the Rich, Then Let’s Tax the Rich.
Due to the political courageousness of President Obama (there is simply no other way to put it), the folks inside the Beltway are finally having a serious discussion about taxing the rich. Obama is not only strongly fighting for higher tax rates on the higher-income earners, but he was the one who put the subject front and center in the election season — when he could easily have punted it to a non-election year.
But the “tax the rich” policies so far being discussed (at least the ones that leak out to the public) are laughably timid and tame, when you really examine the big picture. So far, what is making Republicans howl is President Obama’s plan to end the Bush tax cuts on the top two marginal income tax rates, which would raise them from 33 percent to 36 percent, and from 35 to 39.6 percent. Seen one way, that’s impressive, since tax rates haven’t gone up in such a fashion since President Clinton’s first year in office. But seen another, it’s not all that radical at all.
Consider the fact that nothing Obama is doing is going to “fix” the problem of Warren Buffett paying a lower tax rate than his secretary — a problem Obama has repeatedly said he’d like to tackle. On “entitlements reform,” only a few lonely voices crying in the wilderness are suggesting ending the most regressive federal tax around, by scrapping the cap on income for Social Security payroll taxes. Also seemingly forgotten in this debate is the proposal for a “millionaires’ tax” or a “transactions tax.” The real measure of whether Democrats and Republicans are both selling smoke and mirrors is whether they permanently fix the Alternative Minimum Tax — again, a subject which has barely been mentioned.
Click on the link to read Weigant’s recommendations.
It’s not just the Catholic Church that has a problem with sexual abuse. The New York Times has an article about a Hasidic religious counselor who has been convicted of abusing a young girl.
Sexual abuse in the ultra-Orthodox Jewish community has long been hidden. Victims who came forward were intimidated into silence; their families were shunned; cases were dropped for a lack of cooperation.
But on Monday, a State Supreme Court jury in Brooklyn delivered a stunning victory to prosecutors and victims’ advocates, convicting a 54-year-old unlicensed therapist who is a prominent member of the Satmar Hasidic community of Williamsburg of repeatedly sexually abusing a young girl who had been sent to him for help.
“The veil of secrecy has been lifted,” said Charles J. Hynes, the Brooklyn district attorney. “The wall that has existed in parts of these communities has now been broken through. And as far as I’m concerned, it is very clear to me that it is only going to get better for people who are victimized in these various communities.”
The case against the therapist, Nechemya Weberman, was a significant milestone for Mr. Hynes, whose office has been criticized for not acting aggressively enough against sexual abusers in the borough’s large and politically connected ultra-Orthodox community.
These creeps are everywhere.
I’ll end with this. I love grapefruit, so I didn’t appreciate this piece at Slate: Grapefruit is disgusting. I think it was intended to be tongue in cheek, but I didn’t laugh once. Katy Waldman objects to her least favorite fruit being given as a Christmas gift.
It needs to stop. This killjoy has already invaded our breakfast routines. Its baleful pink, white, or red flesh shines from thousands of tables. Its pulp gets stuck in our teeth. Its juice stains our clothes. And now, we are asked to inflict the scourge on our relatives, shipping it off in packages of 12 or more in order to demonstrate our love?
No. Grapefruit is unwieldy, disgusting, and in some cases dangerous to eat. It is indisputably the worst fruit anyone has ever put on a plate.
A pause, now, for its partisans to bellow, “But it’s a superfood!” Grapefruit enjoys an exalted reputation, thanks in part to countless magazine stories and nutrition listicles singing its praises. It figures in fad diets, including its eponymous diet, dreamed up by Hollywood sadists. Even its scientific name, Citrus x paradisi—so called because, in 1750, naturalist Griffith Hughes dubbed grapefruit the “forbidden fruit” of the Barbados—implies that it belongs somewhere in the Garden of Eden. It does not. It belongs in the trashcan.
Now what are you reading and blogging about today?
The Comedy Central funny man announced his intention to run for president of the “United States of America of South Carolina” at the taping of his show Thursday night and will try to compete in South Carolina’s GOP primary Jan. 21.
“I’m proud to announce I plan to form an exploratory committee to lay the groundwork for my candidacy,” Colbert said….
While Colbert won’t actually compete for the GOP nomination in the general election, this may give Republicans another option beyond Mitt Romney in a pivotal state. Every Republican presidential candidate since 1980 has won South Carolina’s primary.
“Clearly my fellow South Caroliniacs see me as the only Mitternative,” Colbert said.
The decision followed the news that Colbert is polling higher than Jon Huntsman in South Carolina–at 5%.
On tonight’s Daily Show, Colbert transferred control of his super PAC to Jon Stewart, since candidates aren’t permitted to have super PAC’s
If only he could participate in the debates!
It’s not a typo. Comedian Stephen Colbert wants America to vote for Rick Parry – that’s right, Parry with an “A.”
In the first released ad by his “super” political action committee, Colbert urged Iowa voters to write in “Rick Parry” at the Ames straw poll on Saturday, suggesting in a satiric nod that he’s throwing his weight behind Republican Gov. Rick Perry of Texas for president.
“I called dibs on Rick Parry a long time ago,” said Colbert, who dubs himself president and assistant equipment manager for his PAC, in a statement Wednesday.
The ad, “Episode IV: A New Hope,” is a play on the Supreme Court’s 2010 Citizens United ruling, which allows super PACs to receive and spend unlimited amounts of money, as long as they don’t coordinate with a particular candidate.
“So to prove we’re truly uncoordinated, we’re asking voters to write in Parry with an A – as in America, IowA, or PresidAnt,” Colbert said. “You can feel confident he’s not asking us to do that.”
…the real issues with the voting might come from counting write-ins, which are being allowed for the first time this year.
Comedy Central star Stephen Colbert is openly trying to cause trouble, running television ads urging Iowans, “On August 13th write in Rick Parry — That’s Parry with an ‘A’ for America, with an ‘A’ for IowA.”
Jeff Winkler at the right wing Daily Caller blog is also *concerned.*
In two separate ads running since Thursday, the comedian urged straw poll voters to write in the fencing-inspired surname. Funny as the joke is, it could cause serious issues for Iowa officials as they count the ballots Saturday evening.
“We’re treating the straw poll as if it were any other election,” said Erin Rapp, Communications Director for the Iowa Secretary of State, the department overseeing straw poll write-in votes. “Basically, it’s up to the individual canvasser to determine the voter’s intent. You know, there could be variations of spelling in terms of name, but it’s really up to the official.”
You can watch the Colbert Super PAC’s other ad, which features “cheap cornography,” at Mother Jones.
This is from Jon Stewart last week, but since we’re living a Groundhog’s day nightmare with both Mubarak and Fox News, this is still entirely applicable to today (H/T Minkoff Minx):
Vodpod videos no longer available.
And, because I still prefer Stephen Colbert over Stewart (sorry Jon)… another clip from last week, again not all that much has changed:
Vodpod videos no longer available.